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VAFAX Invesco American Franchise A

  • Fund
  • VAFAX
  • Price as of: Aug 08, 2016
  • $17.06
  • - $0.07
  • - 0.41%
  • Category
  • Large Cap Growth Equities

VAFAX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 11.2%
  • 5 Yr Annualized Return 10.1%
  • Net Assets $9.19 B
  • Holdings in Top 10 40.1%

52 WEEK LOW AND HIGH

$17.06
$13.93
$17.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 74.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 8.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Invesco American Franchise Fund
  • Fund Family Name Invesco
  • Inception Date Jun 23, 2005
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Ido Cohen

Fund Description

The Invesco American Franchise Fund Class A (VAFAX) is an actively managed fund that focuses on capital appreciation. Managers of the fund use fundamental analysis to find large-cap American growth stocks that are “dynamic and durable” and are growing faster than the U.S. economy. The fund is free to bet on any sector of the market and can be concentrated in one or a few sectors that managers believe are the best.

Given its slightly below-average costs and narrow actively managed focus, VAFAX should be used as a satellite positon in a broader equity portfolio.

VAFAX - Performance

Return Ranking - Trailing

Period VAFAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.4% -97.0% 17.4% 54.62% 3
1 Yr 1.6% -28.3% 24.3% 36.98% 2
3 Yr 11.2% * 0.2% 17.7% 35.00% 2
5 Yr 10.1% * 1.6% 16.2% 75.63% 4
10 Yr 7.7% * 0.4% 13.1% 53.42% 3

* Annualized


Return Ranking - Calendar

Period VAFAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.1% -38.0% 13.6% 28.34% 2
2014 N/A -0.7% 12.3% N/A N/A
2013 N/A 23.9% 43.4% N/A N/A
2012 N/A 10.8% 19.6% N/A N/A
2011 N/A -12.1% 12.5% N/A N/A

Total Return Ranking - Trailing

Period VAFAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.4% -97.0% 13.2% 54.33% 3
1 Yr -4.0% -28.3% 22.0% 75.88% 4
3 Yr 9.1% * -1.0% 17.7% 62.67% 4
5 Yr 8.8% * 0.4% 16.2% 85.17% 5
10 Yr 7.1% * -0.1% 13.1% 65.73% 4

* Annualized


Total Return Ranking - Calendar

Period VAFAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.1% -38.0% 17.4% 28.52% 2
2014 N/A -0.7% 13.1% N/A N/A
2013 N/A 32.4% 62.9% N/A N/A
2012 N/A 15.7% 23.1% N/A N/A
2011 N/A -14.3% 13.3% N/A N/A

NAV & Total Return History

VAFAX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

VAFAX Category Low Category High VAFAX % Rank Quintile
Net Assets 9.19 B 373 K 146 B 1.86% 1
Number of Holdings 73 1 2190 8.55% 3
Net Assets in Top 10 3.54 B 0 33.1 B 1.61% 1
Weighting of Top 10 40.1% 0.0% 150.9% 8.74% 2

Top 10 Holdings

  1. Facebook Inc A 5.50%
  2. Apple Inc 5.79%
  3. Alphabet Inc A 6.05%
  4. Lowe's Companies Inc 3.70%
  5. Amazon.com Inc 5.85%
  6. Gilead Sciences Inc 3.62%
  7. UnitedHealth Group Inc 2.61%
  8. Activision Blizzard Inc 2.35%
  9. Microsoft Corp 2.34%
  10. Philip Morris International Inc 2.24%

Asset Allocation

Weighting Category Low Category High VAFAX % Rank Quintile
Stocks
98.75% 0.00% 109.00% 6.49% 2
Cash
1.25% -9.00% 100.00% 15.10% 3
Other
0.00% -1.32% 24.55% 6.88% 3
Convertible Bonds
0.00% 0.00% 2.81% 0.84% 1
Preferred Stocks
0.00% 0.00% 4.61% 2.31% 1
Bonds
0.00% 0.00% 76.29% 2.89% 1

Stock Sector Breakdown

Weighting Category Low Category High VAFAX % Rank Quintile
Technology
32.09% -1.29% 52.19% 3.02% 1
Healthcare
18.33% -1.03% 98.63% 8.48% 2
Consumer Cyclical
15.55% -2.22% 41.71% 15.68% 3
Consumer Defense
8.20% -1.43% 30.67% 13.82% 3
Industrials
8.11% -0.37% 29.48% 19.28% 4
Communication Services
7.02% 0.00% 12.93% 2.06% 1
Financial Services
5.81% -2.38% 40.17% 22.43% 4
Basic Materials
1.85% -1.18% 12.09% 14.59% 4
Energy
1.77% -2.01% 16.80% 14.97% 3
Real Estate
0.00% 0.00% 11.43% 13.95% 4
Utilities
0.00% -0.18% 16.29% 8.35% 2

Stock Geographic Breakdown

Weighting Category Low Category High VAFAX % Rank Quintile
US
95.27% 0.00% 109.00% 9.58% 2
Non US
3.48% -0.01% 91.03% 14.33% 3

VAFAX - Expenses

Operational Fees

VAFAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.05% 0.00% 24.91% 12.03% 2
Management Fee 0.59% 0.00% 1.50% 3.02% 2
12b-1 Fee 0.25% 0.00% 1.00% 1.16% 2
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

VAFAX Fees (% of AUM) Category Low Category High VAFAX Rank Quintile
Front Load 5.50% 1.50% 8.50% 1.59% 2
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

VAFAX Fees (% of AUM) Category Low Category High VAFAX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% 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.

VAFAX Fees (% of AUM) Category Low Category High VAFAX Rank Quintile
Turnover 74.00% 0.00% 437.00% 5.98% 4

VAFAX - Distributions

Dividend Yield Analysis

VAFAX Category Low Category High VAFAX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.85% 68.62% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VAFAX Category Low Category High VAFAX % Rank Quintile
Net Income Ratio -0.28% -5.94% 3.70% 12.03% 4

Capital Gain Distribution Analysis

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

VAFAX - Managers

Ido Cohen

Manager

Start Date

Jun 28, 2010

Tenure

6.1

Tenure Rank

6.7%

Ido Cohen is a portfolio manger for Invesco large-cap growth equity strategies and is lead manager for Invesco leisure products. He joined the company in 2010. Prior to joining Invesco, he was a vice president at J&W Seligman Investments from 2007 to 2010, where he worked as a senior analyst focusing on information technology, media and telecommunications equities. Mr. Cohen began his investment career in 1997 as a high yield research analyst with Banker’s Trust focusing on the telecommunications industry. In 1999 he joined Credit Suisse’s U.S. equities telecommunications research team; he went on to become a senior analyst and co-head of the team in 2004. In 2006, Mr. Cohen joined a technology, media and telecommunications focused investment team at Diamondback Capital, and then in 2007 he joined J&W Seligman’s growth team. Mr. Cohen is a cum laude graduate of The Wharton School of the University of Pennsylvania with a Bachelor of Science degree in economics.


Erik J. Voss

Lead Manager

Start Date

Jun 25, 2010

Tenure

6.1

Tenure Rank

6.7%

Erik Voss is a portfolio manager for Invesco large-cap growth strategies. He joined the company in 2010. Prior to joining Invesco, Mr. Voss was a portfolio manager with J&W Seligman Investments focusing on growth equity portfolios. As leader of the Seligman Growth team, he managed eight sector analysts and implemented a process he has developed over his career. Previously, Mr. Voss worked on teams at both Conseco Capital and Wells Capital Management, where at the latter he managed two large-cap growth portfolios. Before Wells Capital, he was an analyst for Gardner Lewis Asset Management, where he researched and invested in stocks of all market capitalizations and across multiple industries. Mr. Voss earned a Bachelor of Science degree in mathematics and a Master of Science degree in finance, both from the University of Wisconsin, where he was also a member of the Applied Securities Program. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

48.6

Category Average

7.08

Category Mode

1.6