Invesco International Growth Fund Q4 2025 Portfolio Update

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The Invesco International Growth Fund underperformed in industrials, consumer discretionary, and communication services during Q4 2025 due to stock selection, but saw outperformance in financials, healthcare, and energy. The fund initiated five new positions, four of which are disclosed, including Banco Santander, and eliminated seven positions. Key additions like Banco Santander were driven by attractive valuation and strategic focus, while some eliminations, such as Dassault Systemes, were due to concerns over business expansion and market headwinds.

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