Invesco American Franchise Y
VAFIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Houston, TX 77046 Houston TX United States of America 77046
- IPO Date
- Jun 24, 2005
- CIK
- 0001112996
- Website
- invesco.com
- Similar Companies
- Business
- Invesco American Franchise Fund (Class Y) (VAFIX) is an open-end mutual fund managed by Invesco Advisers, Inc. that seeks long-term capital appreciation by investing primarily in a portfolio of U.S. large-cap growth stocks, with at least 80% of its net assets allocated to equities of companies demonstrating strong competitive advantages, rapid growth potential, and underappreciated market positions; the fund employs a disciplined, research-driven approach focusing on industry leaders in sectors such as information technology (including semiconductors and systems software), communication services (interactive media and entertainment), and consumer discretionary (broadline retail and internet services), featuring top holdings like NVIDIA Corp., Microsoft Corp., Meta Platforms Inc., Amazon.com Inc., and Broadcom Inc. as of late 2025. The Class Y shares, available to certain institutional investors with a net expense ratio of 0.71%, complement other share classes including A (VAFAX), R6 (VAFFX), and C (VAFCX), and the fund maintains total net assets exceeding $18.5 billion, a portfolio of approximately 55-58 holdings, and an annual turnover rate of around 54%. Launched on June 23, 2005, and domiciled in the United States with advisory operations headquartered at 1555 Peachtree Street NE, Suite 1800, Atlanta, Georgia, the fund is benchmarked against the Russell 1000 Growth Index and primarily targets U.S. equities (over 90% allocation) with a minor international component. Portfolio management is led by Ido Cohen (since June 28, 2010) and Ronald Zibelli (since November 28, 2022), who leverage over 25 years of average team experience to conduct deep fundamental research and construct concentrated positions limited by sector constraints relative to the benchmark. The fund distributes dividends and capital gains yearly, exhibits characteristics such as a weighted average market cap of approximately $1.66 trillion and a 3-year standard deviation of 17.7%, and has delivered annualized returns of 31.19% over three years and 14.02% over ten years for Class Y shares as of September 30, 2025 (net of fees). Recent developments include the addition of co-manager Ronald Zibelli in late 2022 to bolster the team's expertise amid sustained growth in assets under management and portfolio performance, as well as ongoing portfolio adjustments reflecting robust demand in AI-driven holdings like Broadcom and NVIDIA through strategic partnerships and execution in custom chips and networking. Invesco has pursued product line reviews to reduce overlap and enhance efficiency, exemplified by a prior reorganization merging the Invesco Constellation Fund into the American Franchise Fund, with continued focus on sharpening offerings for shareholders; no major acquisitions, new share class launches, or name changes specific to VAFIX have occurred in the last 1-2 years. The fund operates within Invesco Ltd. (NYSE: IVZ), a global investment manager founded in 1935 with headquarters in Atlanta and presence in over 20 countries.