Invesco American Franchise Fund

AIM Counselor Series Trust (Invesco Counselor Series Trust) · Series S000027822 · 6 share classes

Equity fund · 99% stocks
One fund, 6 share classes:VAFAXVAFCXVAFIXVAFRXVAFNXVAFFX
$18.26B NAV
44 positions · as of 2026-05-31 · filed 2026-07-28
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2025 Q4

The Funds investment objective is to seek long-term capital appreciation.

Strategy · summarised

The fund pursues long-term capital appreciation through bottom-up stock selection focused on U.S. mid- and large-cap equities with growth potential at attractive valuations, using fundamental analysis and direct engagement with company management and industry participants. The fund is non-diversified and may concentrate a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can. Up to 20% of assets may be invested in foreign securities, including up to 10% in emerging markets.

Expenses
0.61% 1.68%across 6 share classes
Share classExpense ratio
VAFAX0.93%
VAFCX1.68%
VAFIX0.68%
VAFRX1.18%
VAFNX0.68%
VAFFX0.61%

Portfolio turnover 54.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.01%
of net assets
Stocks98.89%
Cash & short-term1.11%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 6 new17 exited

New: WDC, NFLX, AMAT, FCX, TXN, HLT

Largest exited: APH, ANET, SNOW, ALNY, ISRG, MCK, BKNG, HOOD

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+28.56%+91.02%+55.37%20.82%-15.94%
+27.55%+86.67%+49.61%20.79%-16.05%
+28.87%+92.47%+57.32%20.81%-15.90%
+28.18%+89.55%+53.40%20.81%-15.98%
+28.86%+92.45%+57.41%20.82%-15.92%
+28.96%+92.84%+57.99%20.81%-15.88%

These classes hold the same portfolio, so the 8.37pp spread over 5 years is the cost difference between them — roughly 1.67pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA Corp.NVDA11.06%$2.02B
Alphabet Inc.GOOGL7.91%$1.44B
Amazon.com, Inc.AMZN6.59%$1.20B
Apple Inc.AAPL5.61%$1.02B
Broadcom Inc.AVGO5.04%$920.32M
Microsoft Corp.MSFT4.80%$876.43M
Lam Research Corp.LRCX4.00%$731.40M
Taiwan Semiconductor Manufacturing Co. Ltd.TSM3.17%$579.95M
Advanced Micro Devices, Inc.AMD3.12%$568.85M
Meta Platforms, Inc.META2.96%$540.53M
Showing 10 of 44Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 54.26% of net assets, top 25 83.93%, across 44 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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