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ABRZX Invesco Balanced-Risk Allc A

  • Fund
  • ABRZX
  • Price as of: Dec 08, 2016
  • $11.40
  • + $0.03
  • + 0.26%
  • Category
  • Diversified Portfolio

ABRZX - Profile

Vitals

  • YTD Return 11.0%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $5.29 B
  • Holdings in Top 10 58.8%

52 WEEK LOW AND HIGH

$11.40
$9.92
$11.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.26%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.16%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Invesco Balanced-Risk Allocation Fund
  • Fund Family Name Invesco
  • Inception Date Jun 02, 2009
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Mark Ahnrud

Fund Description

The fund's investment strategy is designed to provide capital loss protection during down markets by investing in multiple asset classes. Its portfolio management team allocates across three asset classes: equities, fixed income and commodities, such that no one asset class drives the fund's performance. The fund's exposure to these three asset classes will be achieved primarily (generally over 65% based on notional exposure) through investments in derivative instruments including but not limited to futures and swap agreements.

ABRZX - Performance

Return Ranking - Trailing

Period ABRZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.0% -66.0% 23.3% 5.56% 1
1 Yr 8.2% -37.1% 45.9% 6.33% 1
3 Yr 3.1% * -13.0% 11.8% 49.43% 3
5 Yr 4.7% * -11.0% 13.7% 73.95% 4
10 Yr N/A * -5.5% 8.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period ABRZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.9% -37.7% 48.7% 74.17% 5
2014 -2.2% -59.3% 14.8% 58.85% 4
2013 -5.4% -17.5% 36.4% 84.62% 5
2012 5.2% -16.2% 18.4% 68.85% 4
2011 6.2% -30.5% 7.4% 0.45% 1

Total Return Ranking - Trailing

Period ABRZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.0% -65.8% 32.0% 7.57% 1
1 Yr 2.2% -40.3% 73.2% 49.91% 3
3 Yr 1.1% * -14.0% 28.2% 73.96% 4
5 Yr 3.5% * -11.4% 13.7% 82.07% 5
10 Yr N/A * -5.5% 8.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period ABRZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.9% -29.3% 50.4% 90.71% 5
2014 5.9% -54.8% 25.4% 39.43% 2
2013 2.3% -16.7% 57.2% 85.51% 5
2012 13.3% -16.2% 74.5% 53.32% 3
2011 13.9% -25.3% 15.8% 0.45% 1

NAV & Total Return History

ABRZX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

ABRZX Category Low Category High ABRZX % Rank Quintile
Net Assets 5.29 B 81.4 K 100 B 2.10% 1
Number of Holdings 23 1 12494 14.14% 4
Net Assets in Top 10 6.82 B -654 M 20.2 B 0.59% 1
Weighting of Top 10 58.8% 0.2% 816.2% 16.57% 3

Top 10 Holdings

  1. Invesco Cayman Commodity 11.93%
  2. Aust 10 Yr Bond Future 11.33%
  3. 10 Year Goverment of Canada Bond Dec16 9.26%
  4. Long Gilt Future 5.71%
  5. U.S. Treasury Bond Dec16 4.46%
  6. Ftse 100 Index Future 3.84%
  7. US Treasury Note 0.612% 3.69%
  8. Dow Jones Eurostoxx 50 3.68%
  9. Topix Tokyo Price Index Future 3.64%
  10. S&P 500 Index Future Dec16 3.27%

Asset Allocation

Weighting Category Low Category High ABRZX % Rank Quintile
Bonds
42.12% -41.48% 861.65% 10.96% 2
Cash
24.77% -794.77% 139.25% 4.35% 1
Stocks
21.57% -49.32% 151.04% 27.32% 5
Other
11.54% -15.48% 99.72% 2.65% 1
Preferred Stocks
0.00% -0.92% 35.22% 8.83% 5
Convertible Bonds
0.00% 0.00% 33.12% 7.19% 5

Stock Sector Breakdown

Weighting Category Low Category High ABRZX % Rank Quintile
Utilities
0.00% -7.18% 47.20% N/A N/A
Technology
0.00% -8.03% 70.04% N/A N/A
Real Estate
0.00% -8.01% 48.98% N/A N/A
Industrials
0.00% -4.02% 48.84% N/A N/A
Healthcare
0.00% -1.46% 29.90% N/A N/A
Financial Services
0.00% -5.07% 69.58% N/A N/A
Energy
0.00% -2.68% 33.46% N/A N/A
Communication Services
0.00% -2.53% 27.16% N/A N/A
Consumer Defense
0.00% -4.74% 27.69% N/A N/A
Consumer Cyclical
0.00% -6.02% 54.37% N/A N/A
Basic Materials
0.00% -1.82% 21.85% N/A N/A

Stock Geographic Breakdown

Weighting Category Low Category High ABRZX % Rank Quintile
US
21.48% -97.12% 148.25% 23.84% 4
Non US
0.09% -2.98% 150.26% 27.60% 5

Bond Sector Breakdown

Weighting Category Low Category High ABRZX % Rank Quintile
Government
41.15% -91.64% 806.44% 1.56% 1
Cash & Equivalents
24.58% -794.84% 138.37% 4.62% 1
Securitized
0.00% -0.01% 40.54% 23.16% 5
Corporate
0.00% 0.00% 90.42% 29.70% 5
Municipal
0.00% 0.00% 91.28% 7.46% 5
Derivative
0.00% -84.53% 32.28% 3.20% 4

Bond Geographic Breakdown

Weighting Category Low Category High ABRZX % Rank Quintile
US
42.12% -154.38% 699.68% 7.37% 2
Non US
0.00% -57.44% 198.64% 24.76% 5

ABRZX - Expenses

Operational Fees

ABRZX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.26% 0.00% 165.34% 13.28% 3
Management Fee 0.85% 0.00% 2.55% 2.11% 5
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 3
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

ABRZX Fees (% of AUM) Category Low Category High ABRZX Rank Quintile
Front Load 5.50% 0.14% 5.75% 0.46% 3
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

ABRZX Fees (% of AUM) Category Low Category High ABRZX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABRZX Fees (% of AUM) Category Low Category High ABRZX Rank Quintile
Turnover 10.00% 0.00% 5609.00% 14.03% 1

ABRZX - Distributions

Dividend Yield Analysis

ABRZX Category Low Category High ABRZX % Rank Quintile
Dividend Yield 0.3% 0.00% 11.33% 21.15% 2

Dividend Distribution Analysis

ABRZX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABRZX Category Low Category High ABRZX % Rank Quintile
Net Income Ratio -1.16% -2.96% 9.94% 23.49% 5

Capital Gain Distribution Analysis

ABRZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ABRZX - Managers

Mark Ahnrud

Manager

Start Date

Jun 02, 2009

Tenure

7.5

Tenure Rank

2.7%

Mark currently serves as a Portfolio Manager for Invesco's Global Asset Allocation team. Mark joined Invesco in 2000 and the Global Asset Allocation team in 2002. Mark began his investment career in 1985 and was a fixed income portfolio manager with Bank of America prior to joining Invesco. Mark received his BS in Finance and Investments from Babson College. He received his MBA from the Fuqua School of Business at Duke University with a concentration in Finance and Real Estate Investment. Mark holds the Chartered Financial Analyst designation.


Scott E. Wolle

Manager

Start Date

Jun 02, 2009

Tenure

7.5

Tenure Rank

2.7%

Scott Wolle is a portfolio manager and chief investment officer (CIO) of Invesco Global Asset Allocation. Mr. Wolle joined Invesco in 1999 and became affiliated with the Global Asset Allocation team in 2000. He began his investment management career in 1991 and was with Bank of America prior to joining Invesco. Mr. Wolle earned a Bachelor of Science in finance from Virginia Polytechnic Institute and State University, graduating magna cum laude. He earned a MBA from the Fuqua School of Business at Duke University where he earned the distinction of Fuqua Scholar. He is a CFA charterholder.


Chris W. Devine

Manager

Start Date

Jun 02, 2009

Tenure

7.5

Tenure Rank

2.7%

Chris Devine joined Invesco in 1998 and became affiliated with the Global Asset Allocation team in January 2003. He is responsible for portfolio construction, risk management, trading and derivative management. He began his investment management career in 1996 and was with The Robinson-Humphrey Co. prior to joining Invesco. Mr. Devine earned a Bachelor of Arts degree in economics from Wake Forest University and a Master of Business Administration degree from the University of Georgia. He is a CFA charterholder.


Christian Ulrich

Manager

Start Date

Jun 02, 2009

Tenure

7.5

Tenure Rank

2.7%

Christian currently serves as a Portfolio Manager for the IGAA team. Christian joined Invesco in 2000 and the Global Asset Allocation team in 2009. Prior to affiliating as a Portfolio manager with IGAA team, Christian served as a client portfolio manager for Invesco Global Asset Management. Christian began his investment career in 1987 and was with Credit Suisse Group AG where he had assignments in Zurich, New York and London.Christian graduated from the KV Zurich Business School in Zurich, Switzerland, and holds the CFA designation.


Scott Hixon

Manager

Start Date

Jun 02, 2009

Tenure

7.5

Tenure Rank

2.7%

Scott Hixon joined Invesco in 1994 and became affiliated with the Global Asset Allocation team in 1997. He is responsible for the fundamental research, quantitative modeling and portfolio investment decisions for asset classes and currencies. Mr. Hixon began his investment management career in 1992 and was with SunTrust Bank prior to joining Invesco. He earned a Bachelor of Business Administration in finance, graduating magna cum laude from Georgia Southern University. He earned an M.B.A. in finance from Georgia State University. Mr. Hixon is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.47

Category Mode

1.9