Invesco Value Opportunities Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Invesco Value Opportunities Fund held 79 positions with $8.42B in net assets. Its ten largest holdings made up 28.2% of the fund. The VVOAX share class costs 1.02% a year. Over the 12 months to May 2026, VVOAX returned 45.6%, with dividends reinvested. In 2026 Q3 it added 10 new positions and exited 4.
The Funds investment objective is total return through growth of capital and current income.
The fund pursues value-oriented stock selection, buying mid-capitalization companies trading at a significant discount to the portfolio managers' estimate of intrinsic value, with emphasis on quality businesses capable of growing that value over time. The fund may invest up to 25% in foreign securities including emerging markets, up to 10% in REITs, and uses derivatives to hedge foreign currency exposure. Because the fund's holdings depend on the managers' intrinsic value estimates and security selection, performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
COHRCoherent Corp. | 4.09% | $344.36M | 1.1M | $319.71 |
3.16% | $266.26M | 1.6M | $165.15 | |
MKSIMKS Inc. | 2.97% | $250.40M | 882.5K | $283.75 |
RMBSRambus Inc. | 2.93% | $246.87M | 2.1M | $115.11 |
STMicroelectronics N.V. | 2.88% | $242.69M | 4.4M | $55.14 |
TRPXXInvesco Treasury Portfolio | 2.61% | $219.45M | — | — |
ENTGEntegris, Inc. | 2.55% | $214.62M | 1.5M | $141.38 |
RKLIFRentokil Initial PLC | 2.51% | $211.33M | 31.3M | $6.74 |
2.25% | $189.54M | 577.0K | $328.49 | |
2.24% | $188.78M | 1.2M | $155.58 |
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.
All 79 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 | 97.23% |
| Cash & short-term | 7.10% |
Look-through blends 1 underlying fund; 0.0% 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).
By sector
- Information Technology
- 21.8%
- Health Care
- 14.7%
- Financials
- 13.2%
- Energy
- 10.6%
- 7 other sectors
- 39.7%
- Information Technology
- 21.8%
- Health Care
- 14.7%
- Financials
- 13.2%
- Energy
- 10.6%
- International
- 10.0%
- Industrials
- 9.7%
- Cash
- 6.8%
- Materials
- 6.3%
- Consumer Discretionary
- 3.2%
- Utilities
- 3.2%
- Consumer Staples
- 0.5%
How it has done
VVOAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.14%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.02% | +45.65% | +129.82% | +123.62% | -12.95% | |
| 1.77% | +44.55% | +124.66% | +115.60% | -13.19% | |
| 0.77% | +45.99% | +131.41% | +126.44% | -12.87% | |
| 1.27% | +45.30% | +127.98% | +120.92% | -13.02% | |
| 0.74% | +46.02% | +131.68% | +126.92% | -12.86% | |
| 0.67% | +46.17% | +132.21% | +127.81% | -12.83% |
These classes hold the same portfolio, so the 12.22pp spread over 5 years is the cost difference between them — roughly 2.44pp a year — not a difference in what they own.
Fees & fund details
Invesco Value Opportunities Fund is an actively managed U.S. equity fund. 29% of VVOAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 85% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.67% – 1.77%· VVOAX 1.02%
- Portfolio turnover
- 53.00% a year · as of 2025 Q3
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.
10 new· the largest 8
4 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — VVOAX, QQQ and the fund in my 401(k)?”
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