Invesco Discovery Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Invesco Discovery Fund held 97 positions with $7.83B in net assets. Its ten largest holdings made up 22.4% of the fund. Its share classes cost 0.65%–1.79% a year. Over the 12 months to May 2026, it returned 56.9%, with dividends reinvested. In 2026 Q2 it added 27 new positions and exited 28.
The Funds investment objective is to seek capital appreciation.
The fund invests in common stocks of small-capitalization growth companies selected through bottom-up fundamental analysis, focusing on firms with industry leadership, market share growth, strong management, and sustainable competitive advantages. The fund may invest without limit in foreign securities across developed and emerging markets. Because individual security picks drive returns, performance depends on the portfolio managers' stock selection decisions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
2.74% | $214.88M | 249.6K | $860.84 | |
TRPXXInvesco Treasury Portfolio | 2.48% | $194.48M | — | — |
2.43% | $190.16M | 3.1M | $61.68 | |
2.38% | $186.57M | 1.1M | $173.72 | |
FNFabrinet | 2.32% | $181.67M | 277.7K | $654.16 |
2.27% | $178.03M | 488.2K | $364.64 | |
2.23% | $174.69M | 1.2M | $147.08 | |
1.93% | $151.12M | 500.1K | $302.18 | |
SANMSanmina Corp. | 1.87% | $146.37M | 563.6K | $259.73 |
1.77% | $138.97M | 498.3K | $278.91 |
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.
All 97 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.14% |
| Cash & short-term | 4.89% |
By sector
- Information Technology
- 26.0%
- Industrials
- 25.7%
- Health Care
- 17.8%
- International
- 7.5%
- 6 other sectors
- 23.0%
- Information Technology
- 26.0%
- Industrials
- 25.7%
- Health Care
- 17.8%
- International
- 7.5%
- Financials
- 5.8%
- Cash
- 4.8%
- Energy
- 4.6%
- Consumer Discretionary
- 4.6%
- Materials
- 2.7%
- Utilities
- 0.5%
How it has done
C000209175 share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.57%. Past returns are a record, not a forecast.
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.
Fees & fund details
Invesco Discovery Fund is an actively managed U.S. equity fund. 32% of Invesco Discovery Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.65% – 1.79%
- Portfolio turnover
- 87.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
27 new· the largest 8
28 exited· the largest 8
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