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ACSTX Invesco Comstock A

  • Fund
  • ACSTX
  • Price as of: Aug 08, 2016
  • $22.57
  • + $0.04
  • + 0.18%
  • Category
  • Large Cap Value Equities

ACSTX - Profile

Vitals

  • YTD Return 4.1%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 10.3%
  • Net Assets $11.9 B
  • Holdings in Top 10 26.5%

52 WEEK LOW AND HIGH

$22.57
$18.41
$25.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.87%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Invesco Comstock Fund
  • Fund Family Name Invesco
  • Inception Date Oct 07, 1968
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Devin E. Armstrong

Fund Description

The Invesco Comstock Fund Class A (ACSTX) is an actively managed mutual fund that aims for a high total return through income and capital appreciation. The fund does this by using value screens to make large contrarian bets in undervalued large-cap stocks and holding them for years until the market realizes their true potential. The fund will take only a few concentrated bets on a handful of stocks relative to the broader equity markets.

With its low costs and long-term focus, ACSTX makes an ideal subcore holding for investors looking to grow their wealth over the long term. The fund is internally managed by Invesco.

ACSTX - Performance

Return Ranking - Trailing

Period ACSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.1% -49.0% 20.6% 65.83% 4
1 Yr -3.2% -16.5% 24.9% 82.02% 5
3 Yr 5.4% * -3.3% 12.6% 81.01% 5
5 Yr 10.3% * -0.1% 15.3% 60.09% 4
10 Yr 5.8% * 0.3% 9.5% 46.49% 3

* Annualized


Return Ranking - Calendar

Period ACSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.0% -47.3% 4.5% 76.66% 5
2014 N/A -10.5% 7.1% N/A N/A
2013 N/A 23.2% 38.5% N/A N/A
2012 N/A 9.9% 35.8% N/A N/A
2011 N/A -34.9% 7.5% N/A N/A

Total Return Ranking - Trailing

Period ACSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.1% -49.0% 20.6% 66.96% 4
1 Yr -8.6% -19.4% 21.9% 92.39% 5
3 Yr 3.5% * -3.3% 12.6% 91.58% 5
5 Yr 9.1% * -0.1% 15.3% 76.01% 4
10 Yr 5.2% * 0.3% 9.5% 60.42% 4

* Annualized


Total Return Ranking - Calendar

Period ACSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.0% -47.3% 4.5% 76.66% 5
2014 N/A -10.5% 8.7% N/A N/A
2013 N/A 31.7% 41.8% N/A N/A
2012 N/A 13.8% 43.8% N/A N/A
2011 N/A -37.1% 12.6% N/A N/A

NAV & Total Return History

ACSTX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

ACSTX Category Low Category High ACSTX % Rank Quintile
Net Assets 11.9 B 273 K 82.2 B 1.71% 1
Number of Holdings 82 1 1019 9.04% 3
Net Assets in Top 10 3.13 B 0 24.3 B 1.71% 1
Weighting of Top 10 26.5% 0.0% 100.1% 17.98% 4

Top 10 Holdings

  1. Citigroup Inc 4.32%
  2. JPMorgan Chase & Co 3.68%
  3. General Electric Co 1.98%
  4. Suncor Energy Inc 2.33%
  5. Carnival Corp 3.01%
  6. Bank of America Corporation 2.69%
  7. Cisco Systems Inc 2.64%
  8. Wells Fargo & Co 1.90%
  9. Royal Dutch Shell PLC ADR Class A 1.96%
  10. Pfizer Inc 1.95%

Asset Allocation

Weighting Category Low Category High ACSTX % Rank Quintile
Stocks
95.43% 0.00% 145.57% 16.84% 4
Cash
4.58% -45.58% 100.00% 5.42% 1
Other
0.00% -2.39% 29.06% 8.28% 5
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 5
Preferred Stocks
0.00% 0.00% 16.29% 3.04% 5
Bonds
0.00% -0.25% 68.80% 3.90% 5

Stock Sector Breakdown

Weighting Category Low Category High ACSTX % Rank Quintile
Financial Services
27.79% 0.00% 41.32% 2.67% 1
Energy
15.11% 0.00% 29.15% 1.91% 1
Consumer Cyclical
13.59% 0.00% 36.79% 3.62% 1
Technology
10.83% 0.00% 28.40% 14.49% 3
Healthcare
10.36% 0.00% 29.91% 21.07% 4
Industrials
7.24% 0.00% 31.23% 22.97% 5
Consumer Defense
4.33% -1.99% 26.19% 21.54% 4
Communication Services
3.95% -0.78% 14.21% 11.25% 3
Utilities
1.27% 0.00% 77.60% 20.40% 4
Basic Materials
0.95% 0.00% 18.87% 21.35% 5
Real Estate
0.00% -0.42% 20.47% 17.25% 5

Stock Geographic Breakdown

Weighting Category Low Category High ACSTX % Rank Quintile
US
83.96% 0.00% 135.19% 23.41% 5
Non US
11.47% 0.00% 97.88% 4.19% 1

ACSTX - Expenses

Operational Fees

ACSTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.85% 0.05% 21.67% 18.08% 2
Management Fee 0.37% 0.00% 1.20% 5.33% 1
12b-1 Fee 0.25% 0.00% 1.00% 1.88% 3
Administrative Fee 0.25% 0.00% 0.50% 1.57% 5

Sales Fees

ACSTX Fees (% of AUM) Category Low Category High ACSTX Rank Quintile
Front Load 5.50% 1.00% 5.75% 1.18% 3
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

ACSTX Fees (% of AUM) Category Low Category High ACSTX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

ACSTX Fees (% of AUM) Category Low Category High ACSTX Rank Quintile
Turnover 15.00% 0.00% 293.00% 13.89% 1

ACSTX - Distributions

Dividend Yield Analysis

ACSTX Category Low Category High ACSTX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.58% 22.23% 2

Dividend Distribution Analysis

ACSTX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ACSTX Category Low Category High ACSTX % Rank Quintile
Net Income Ratio 1.87% -1.41% 3.44% 9.23% 2

Capital Gain Distribution Analysis

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

ACSTX - Managers

Devin E. Armstrong

Manager

Start Date

Jul 31, 2007

Tenure

9.01

Tenure Rank

4.8%

Devin Armstrong has been portfolio manager of Invesco and/or its affiliates since June 2010. From 2007 to 2010, he was associated with Morgan Stanley Investment Advisors Inc. in an investment capacity. Prior to 2007, he was associated with Morgan Stanley Investment Advisors Inc. in a research capacity. He previously joined Morgan Stanley in 2004, where he served as a member of the U.S. Research team before becoming a portfolio manager. Before joining Morgan Stanley, he was also a Portfolio Manager at Van Kampen Asset Management Inc. He was a research associate at William Blair & Company. From 1999 to 2002, he served as a senior analyst at Ibbotson Associates. Mr. Armstrong earned a Bachelor of Science degree in psychology and finance from the University of Illinois and a Master of Business Administration degree in finance from Columbia University. He is a CFA charterholder.


James N. Warwick

Manager

Start Date

Jul 31, 2007

Tenure

9.01

Tenure Rank

4.8%

James Warwick is a portfolio manager for Invesco large- and all-cap value strategies. He joined Invesco in 2010. Mr. Warwick previously joined Van Kampen in 2002, where he served as a portfolio manager for the Multi Cap Value team, responsible for managing the separately managed accounts and cash levels of the various portfolios that comprised the U.S. Value strategy. He also served as a portfolio specialist for the team. Prior to that, he worked at AIM Management Group. Mr. Warwick earned a Bachelor of Business Administration degree from Stephen F. Austin State University and a Master of Business Administration degree from the University of Houston.


Kevin C. Holt

Lead Manager

Start Date

Aug 01, 1999

Tenure

17.01

Tenure Rank

1.5%

Kevin Holt is a senior portfolio manager for Invesco large- and all-cap value strategies. He is lead manager for Invesco’s large-cap value products. He joined Invesco in 2010. Mr. Holt was previously Managing director and portfolio manager for the U.S. value strategy at Van Kampen, which he joined in 1999. Before joining Van Kampen, he served as a senior research analyst at Strong Capital Management and as a portfolio manager/research analyst at Citibank Global Asset Management. He began his career as a senior financial analyst for Harris Trust and Savings Bank. Mr. Holt earned a bachelor’s degree from the University of Iowa and a Master of Business Administration degree from the University of Chicago Graduate School of Business. He is a CFA charterholder and a member of the CFA Institute and the Houston Society of Financial Analysts.


Charles DyReyes

Manager

Start Date

Nov 09, 2015

Tenure

0.73

Tenure Rank

12.4%

Charles DyReyes, Portfolio Manager, has been associated with Invesco and/or its affiliates since 2015. From 2010 to 2015, he served as a senior equity analyst with Brandywine Global Investment Management.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6