Summary

• Invesco EQV International Equity Fund trailed the index primarily due to stock selection in financials and industrials.
• Stock selection in financials and industrials, along with an underweight and stock selection in energy, detracted the most from relative return.
• Conversely, an underweight allocation in communication services and stock selection in consumer staples added to relative performance.
• Geographically, stock selection in Netherlands, Hong Kong and Sweden added to relative return, as did overweights in the UK and Hong Kong.