Invesco Developing Markets Fund
AIM Investment Funds (Invesco Investment Funds)
Fund classification
Classified from what the fund holds · as of 2026 Q2
Invesco Developing Markets Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The Funds investment objective is to seek capital appreciation.
The fund seeks capital appreciation by investing primarily in common stocks of companies in developing and emerging markets worldwide, using fundamental analysis to identify securities trading below intrinsic value across different market capitalizations and industries. The fund maintains at least 80% of net assets in equity securities of issuers in developing markets or economically tied to them, and invests in at least three developing markets. The fund may invest in China A Shares through Stock Connect or a private investment vehicle, and holds U.S. securities only for defensive and liquidity purposes. Because the fund's returns depend on the portfolio managers' security selection decisions, performance will diverge from any emerging markets index.
| Share class | Expense ratio |
|---|---|
| C000209613 | 0.88% |
| C000209614 | 0.95% |
| C000209615 | 1.30% |
| C000209616 | 1.55% |
| C000209617 | 2.05% |
| C000209618 | 1.05% |
Portfolio turnover 79.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.98% |
| Cash & short-term | 1.61% |
| Derivatives | 0.00% |
Look-through blends 2 underlying funds; 2.381% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q3, one or more quarters before the direct holdings (2026Q2).
Latest quarter
What changed since the fund's previous filing
Largest new: Inner Mongolia Yili Industrial Group Co., Ltd., Fomento Economico Mexicano, S.A.B. de C.V., Grupo Mexico, S.A.B. de C.V., Galp Energia, SGPS, S.A., Shriram Finance Ltd., Pine Labs Ltd., Naspers Ltd., CK Asset Holdings Ltd.
Largest exited: Inner Mongolia Yili Industrial Group Co., Ltd., Grupo Mexico, S.A.B. de C.V., Fomento Economico Mexicano, S.A.B. de C.V., Shriram Finance Ltd., Galp Energia, SGPS, S.A., Pine Labs Ltd., Hyundai Motor Co., Naspers Ltd.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| TSMWF | Taiwan Semiconductor Manufacturing Co. Ltd.TSMWF | 13.71% | $69.42 | $1.20B | 17.3M |
| SSNLF | Samsung Electronics Co., Ltd.SSNLF | 8.56% | $150.59 | $749.87M | 5.0M |
| TCTZF | Tencent Holdings Ltd.TCTZF | 4.97% | $60.73 | $435.49M | 7.2M |
| PBR | Petroleo Brasileiro S.A. PETROBRASPBR | 3.73% | $22.03 | $327.37M | 14.9M |
| — | HDFC Bank Ltd. | 3.27% | $8.18 | $286.43M | 35.0M |
| AAIGF | AIA Group Ltd.AAIGF | 2.61% | $10.98 | $228.85M | 20.8M |
| VALE | Vale S.A.VALE | 2.32% | $16.36 | $203.34M | 12.4M |
| — | MediaTek Inc. | 2.25% | $83.48 | $197.18M | 2.4M |
| — | Kasikornbank PCL | 2.17% | $5.95 | $189.80M | 31.9M |
| — | Inner Mongolia Yili Industrial Group Co., Ltd. | 2.07% | $4.02 | $181.32M | 45.1M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 45.65% of net assets, top 25 69.93%, across 73 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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