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VADAX Invesco Equally-Wtd S&P 500 A

  • Fund
  • VADAX
  • Price as of: Dec 06, 2016
  • $52.76
  • + $0.24
  • + 0.46%
  • Category
  • Large Cap Blend Equities

VADAX - Profile

Vitals

  • YTD Return 14.0%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 14.6%
  • Net Assets $5.81 B
  • Holdings in Top 10 5.0%

52 WEEK LOW AND HIGH

$52.76
$41.06
$52.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 14.0%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 13.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Invesco Equally-Weighted S&P 500
  • Fund Family Name Invesco
  • Inception Date Jul 28, 1997
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel Tsai

Fund Description

The fund invests in a diversified portfolio of common stocks represented in the Standard & Poor's® 500 Composite Stock Price Index (S&P 500 Index). It generally invests in each common stock included in the S&P 500 Index in approximately equal proportions. The fund's investment adviser will adjust the fund's investment securities on a quarterly basis to maintain an approximately equal weighting of each S&P 500 Index stock.

VADAX - Performance

Return Ranking - Trailing

Period VADAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.0% -82.7% 187.8% 4.85% 1
1 Yr 5.1% -51.7% 28.0% 47.51% 3
3 Yr 8.7% * -14.4% 16.8% 13.24% 1
5 Yr 14.6% * -1.0% 19.1% 10.13% 1
10 Yr 7.7% * -0.2% 10.6% 5.44% 1

* Annualized


Return Ranking - Calendar

Period VADAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.4% -46.9% 5.7% 42.31% 3
2014 11.0% -51.7% 19.5% 17.37% 1
2013 30.5% -88.0% 41.8% 26.14% 2
2012 12.4% -100.0% 42.8% 50.49% 3
2011 -2.3% -27.1% 13.3% 45.05% 3

Total Return Ranking - Trailing

Period VADAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.0% -82.7% 192.1% 6.23% 1
1 Yr 4.2% -52.5% 142.7% 55.60% 3
3 Yr 6.7% * -5.3% 57.6% 50.80% 3
5 Yr 13.3% * -1.0% 19.1% 39.13% 2
10 Yr 7.0% * -0.2% 10.6% 14.51% 1

* Annualized


Total Return Ranking - Calendar

Period VADAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.4% -40.3% 13.0% 78.70% 5
2014 14.0% -24.8% 54.2% 35.63% 2
2013 38.2% -93.4% 1119.1% 53.38% 3
2012 19.6% -100.0% 282.8% 48.03% 3
2011 -0.7% -43.5% 45.5% 52.15% 3

NAV & Total Return History

VADAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VADAX Category Low Category High VADAX % Rank Quintile
Net Assets 5.81 B 9.87 K 482 B 4.09% 1
Number of Holdings 510 1 3780 4.53% 1
Net Assets in Top 10 310 M 13.1 K 69.4 B 13.74% 2
Weighting of Top 10 5.0% 2.2% 297.1% 36.91% 5

Top 10 Holdings

  1. S&P 500 Index Future Dec16 1.60%
  2. HP Inc 0.41%
  3. Pentair PLC 0.39%
  4. NetApp Inc 0.38%
  5. Aon PLC 0.38%
  6. American Tower Corp 0.38%
  7. Duke Energy Corp 0.38%
  8. Vornado Realty Trust 0.37%
  9. Welltower Inc 0.37%
  10. WEC Energy Group Inc 0.37%

Asset Allocation

Weighting Category Low Category High VADAX % Rank Quintile
Stocks
98.47% 0.00% 118.62% 9.55% 2
Cash
1.52% -113.00% 132.07% 17.77% 3
Other
0.01% -81.75% 100.00% 11.22% 3
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 1
Preferred Stocks
0.00% 0.00% 90.60% 3.67% 2
Bonds
0.00% -13.88% 111.67% 7.75% 2

Stock Sector Breakdown

Weighting Category Low Category High VADAX % Rank Quintile
Consumer Cyclical
15.31% 0.00% 47.61% 4.76% 1
Industrials
14.38% 0.00% 48.43% 5.62% 1
Financial Services
12.81% 0.00% 46.84% 22.78% 4
Technology
12.41% 0.00% 63.16% 25.31% 4
Healthcare
11.65% 0.00% 30.94% 21.63% 4
Consumer Defense
7.62% 0.00% 48.03% 18.31% 4
Energy
7.08% -3.67% 22.58% 11.25% 2
Utilities
5.68% -3.74% 25.88% 2.45% 1
Real Estate
4.87% -0.11% 12.73% 2.67% 1
Basic Materials
4.38% 0.00% 23.55% 6.13% 1
Communication Services
2.28% -3.08% 17.25% 17.23% 4

Stock Geographic Breakdown

Weighting Category Low Category High VADAX % Rank Quintile
US
97.88% 0.00% 118.15% 7.77% 2
Non US
0.59% -0.64% 94.30% 22.23% 4

VADAX - Expenses

Operational Fees

VADAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.54% 0.02% 303.36% 18.40% 1
Management Fee 0.11% 0.00% 2.25% 6.39% 1
12b-1 Fee 0.25% 0.00% 1.00% 1.99% 2
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

VADAX Fees (% of AUM) Category Low Category High VADAX Rank Quintile
Front Load 5.50% 0.00% 5.75% 0.88% 2
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

VADAX Fees (% of AUM) Category Low Category High VADAX Rank Quintile
Max Redemption Fee N/A 0.15% 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.

VADAX Fees (% of AUM) Category Low Category High VADAX Rank Quintile
Turnover 29.00% 0.00% 1754.00% 12.34% 2

VADAX - Distributions

Dividend Yield Analysis

VADAX Category Low Category High VADAX % Rank Quintile
Dividend Yield 0.5% 0.00% 11.20% 12.00% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VADAX Category Low Category High VADAX % Rank Quintile
Net Income Ratio 1.58% -2.05% 3.95% 7.00% 2

Capital Gain Distribution Analysis

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

VADAX - Managers

Daniel Tsai

Manager

Start Date

Jun 25, 2010

Tenure

6.44

Tenure Rank

7.6%

Daniel Tsai is a senior portfolio manager with the Global Quantitative Equity team. Prior to joining Invesco in 2000, Mr. Tsai worked for Ford Motor Co., which he joined in 1993 as a senior software developer and project leader. His group was responsible for developing in-house software tools for vehicle durability engineering analyses. Previously, he was a project manager/system manager from 1990 to 1993 at Optimal CAE Inc., a consulting firm serving the auto industry. He earned a Bachelor of Science degree in mechanical engineering from National Taiwan University and a Master of Science degree in mechanical engineering from the University of Michigan. He also earned a Master of Science degree in computer science at Wayne State University. Mr. Tsai is a CFA charterholder.


Anne Unflat

Manager

Start Date

Jun 25, 2010

Tenure

6.44

Tenure Rank

7.6%

Anne Unflat is a senior portfolio manager with the Global Quantitative Equity team. Ms. Unflat began her investment career in 1988 in the Investment Technology Group at Citicorp Investment Management Inc., a predecessor of the Structured Properties Group at Invesco, where she held several positions, including assistant portfolio manager. She became the New York operations manager in 1997. Ms. Unflat graduated magna cum laude from Queens College with a Bachelor of Arts degree in economics. She earned her Master of Business Administration degree in finance from St. John’s University. Ms. Unflat is registered with the National Futures Association (NFA) as an Associated Person of Invesco and has passed the Series 3 examination.


Glen E. Murphy

Manager

Start Date

Jun 25, 2010

Tenure

6.44

Tenure Rank

7.6%

Glen Murphy is a portfolio manager with the Global Quantitative Equity team. Mr. Murphy joined Invesco in 1995 as a portfolio administrator and became a portfolio manager in 1998. Prior to joining Invesco, he was a manager in the fund accounting department at The Boston Company. Mr. Murphy earned a Bachelor of Arts degree in business administration from the University of Massachusetts at Amherst and a Master of Science degree in finance from Boston College. He is a CFA charter holder and a member of the Boston Security Analysts Society. He is also registered with the National Futures Association (NFA) as an associated person of Invesco and as a branch manager.


Anthony J. Munchak

Manager

Start Date

Aug 20, 2010

Tenure

6.28

Tenure Rank

7.8%

Anthony Munchak is a portfolio manager with the Global Quantitative Equity team. Prior to joining Invesco in 2000, Mr. Munchak was a portfolio manager at Guaranty Capital Corp. for two years. He also held a number of finance roles in his five years at Fidelity Investments. Prior to Fidelity, he was a registered representative at the investment banking firm of Fechtor, Detwiler & Co. in Boston. Mr. Munchak earned Bachelor of Science and Master of Science degrees in finance from Boston College. He also earned a Master of Business Administration degree from Bentley College. Mr. Munchak is a CFA charterholder and a member of the Boston Security Analysts Society.


Francis M. Orlando

Manager

Start Date

Aug 20, 2010

Tenure

6.28

Tenure Rank

7.8%

Francis Orlando is a portfolio manager with the Global Quantitative Equity team. Mr. Orlando began his investment career with Invesco in 1987. Prior to joining the Global Quantitative Equity team in 2001, he was a portfolio manager with the fixed income group. Mr. Orlando earned a Bachelor of Arts degree in business administration from Merrimack College and a Master of Business Administration degree from Boston University. He is a CFA charterholder and a member of the Boston Security Analysts Society.


Tenure Analysis

Category Low

0.0

Category High

81.1

Category Average

6.08

Category Mode

1.9