Summary

• Both the fund's Class A shares and the MSCI ACWI Growth Index declined for the quarter.
• Invesco Global Fund initiated a position in Apple as the stock's valuation came down and we believe there is now attractive upside to be had for this well-known brand.
• The Fund initiated a position in SK Hynix during the quarter as the company is now a leading supplier of high-bandwidth memory for NVIDIA's AI-focused graphic processing units.
• The Fund participated in the Czechoslovak Group IPO with a small initial position, believing the company stands to benefit from continued increases in defense spending across Europe.
• Invesco Global Fund sold the small position in Universal Music following a meeting with management to reallocate the proceeds to other holdings.

Key takeaways

1 The fund underperformed its benchmark for the quarterBoth the fund's Class A shares and the MSCI ACWI Growth Index declined for the quarter. The fund underperformed the benchmark, primarily due to sector