INVESCO VALUE OPPORTUNITIES FUND
Fund
VVOIX
Price as of:
$19.23
- $0.12
- 0.62%
Primary Theme
fund company
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.9%
1 yr return
25.1%
3 Yr Avg Return
10.4%
5 Yr Avg Return
12.9%
Net Assets
$3.14 B
Holdings in Top 10
29.5%
52 WEEK LOW AND HIGH
$19.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VVOIX - Profile
Distributions
- YTD Total Return 7.9%
- 3 Yr Annualized Total Return 10.4%
- 5 Yr Annualized Total Return 12.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.70%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINVESCO VALUE OPPORTUNITIES FUND
-
Fund Family NameINVESCOFDS
-
Inception DateMar 23, 2005
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJonathan Edwards
Fund Description
The Fund invests, under normal market conditions, in a portfolio of common stocks, preferred stocks and convertible securities.
The Fund may invest in securities of issuers of any market capitalization; however, under normal market conditions, it invests a substantial portion of its assets in securities of mid-capitalizationissuers. The Fund considers a mid-capitalization issuer to be one that has a market capitalization, at the time of purchase, within the range of market capitalizations of the largest and smallest capitalized issuers included in the Russell Midcap®Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. An issuer’s “market capitalization”isthe value of itsoutstanding stock. The Fund is not required to sell a securityif the issuer’s capitalization moves outside of the Fund’s capitalization definition.
The Fund may invest up to 10% of its net assets in real estate investment trusts (REITs).
The Fund may invest up to 25% of its net assets in securities of foreign issuers, including securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles, and depositary receipts.
The Fund can invest in derivative instruments including forward foreign currency contracts, futures contracts and options.
The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.
The Fund can use futures contracts, including index futures, to seek exposure to certain asset classes.
The Fund can use options to seek investment return or to mitigate risk.
As a result of the Fund’s stock selection process, a significant portion of the Fund’s assets may be invested in companies within the same industries or sectors of the market.
The Fund emphasizes a value style of investing and the portfolio managers seek to invest in undervalued companies they believe possess the potential for capital growth. In selecting securities, the portfolio managers emphasize the following characteristics, although not all investments will have these attributes:
◾
Buy businesses trading at a significant discount to the portfolio managers’ estimate of intrinsic value. The portfolio managers believe intrinsic value represents the fair economic worth of the business.
◾
Emphasize quality businesses with potential to grow intrinsic value over time. The portfolio managers primarily seek issuers that they believe have solid growth prospects, the ability to earn an attractive return on invested capital and a management team that exhibits intelligent capital allocation skills.
The portfolio managers will consider selling a security if a more attractive investment opportunity is identified, if a security is trading near or above the portfolio managers’ estimate of intrinsic value or if there is a fundamental deterioration in business prospects that results in inadequate upside potential to estimated intrinsic value.
The portfolio managers seek to achieve strong long-term performance by constructing a diversified portfolio that they believe offers value content greater than the broad market, as measured by the portfolio’s aggregate discount to the portfolio managers’ estimated intrinsic value of the portfolio. The investment process is fundamental in nature and focused on individual issuers as opposed to macroeconomic forecasts or specific industry exposure. The portfolio construction process is intended to preserve and grow the estimated intrinsic value of the Fund’s portfolio rather than mirror the composition or sector weights of any benchmark.
VVOIX - Performance
Return Ranking - Trailing
| Period | VVOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.9% | -7.3% | 7.9% | 0.80% |
| 1 Yr | 25.1% | -8.6% | 31.0% | 3.49% |
| 3 Yr | 10.4%* | -5.1% | 13.8% | 1.63% |
| 5 Yr | 12.9%* | -0.9% | 15.7% | 3.09% |
| 10 Yr | 7.6%* | -0.1% | 11.8% | 46.36% |
* Annualized
Return Ranking - Calendar
| Period | VVOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.7% | -11.3% | 33.3% | 23.39% |
| 2022 | -7.4% | -41.6% | 2.3% | 6.52% |
| 2021 | 24.0% | -41.5% | 44.9% | 30.52% |
| 2020 | 5.2% | -29.0% | 22.1% | 16.34% |
| 2019 | 27.7% | -8.1% | 31.2% | 8.86% |
Total Return Ranking - Trailing
| Period | VVOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.9% | -7.3% | 7.9% | 0.80% |
| 1 Yr | 25.1% | -8.6% | 31.0% | 3.49% |
| 3 Yr | 10.4%* | -5.1% | 13.8% | 1.63% |
| 5 Yr | 12.9%* | -0.9% | 15.7% | 3.09% |
| 10 Yr | 7.6%* | -0.1% | 11.8% | 46.36% |
* Annualized
Total Return Ranking - Calendar
| Period | VVOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -3.7% | 36.5% | 43.82% |
| 2022 | 1.7% | -35.0% | 2.4% | 1.36% |
| 2021 | 35.9% | 6.2% | 48.3% | 5.45% |
| 2020 | 5.7% | -22.9% | 23.2% | 27.70% |
| 2019 | 30.2% | -3.0% | 35.7% | 18.86% |
NAV & Total Return History
VVOIX - Holdings
Concentration Analysis
| VVOIX | Category Low | Category High | VVOIX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.14 B | 991 K | 28 B | 20.59% |
| Number of Holdings | 61 | 8 | 2449 | 73.80% |
| Net Assets in Top 10 | 917 M | 250 K | 4.28 B | 18.45% |
| Weighting of Top 10 | 29.50% | 5.0% | 104.2% | 22.46% |
Top 10 Holdings
- Centene Corp. 3.36%
- Expedia Group, Inc. 3.25%
- Lumentum Holdings Inc. 3.23%
- Invesco Private Prime Fund 2.97%
- Fidelity National Information Services, Inc. 2.96%
- Vertiv Holdings Co. 2.89%
- Coherent Corp. 2.88%
- Avantor, Inc. 2.73%
- Huntington Bancshares Inc. 2.63%
- Leonardo S.p.A. 2.61%
Asset Allocation
| Weighting | Return Low | Return High | VVOIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.75% | 56.38% | 102.65% | 40.37% |
| Cash | 6.22% | 0.00% | 43.98% | 6.68% |
| Other | 0.05% | -1.97% | 8.33% | 26.20% |
| Preferred Stocks | 0.00% | 0.00% | 5.43% | 94.92% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 95.43% |
| Bonds | 0.00% | 0.00% | 27.69% | 94.92% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VVOIX % Rank | |
|---|---|---|---|---|
| Industrials | 28.52% | 0.00% | 29.02% | 1.61% |
| Energy | 17.79% | 0.00% | 29.17% | 3.23% |
| Healthcare | 14.04% | 0.00% | 32.47% | 13.17% |
| Financial Services | 8.51% | 0.00% | 60.11% | 98.12% |
| Technology | 7.97% | 0.00% | 30.07% | 72.58% |
| Basic Materials | 7.87% | 0.00% | 23.88% | 20.70% |
| Consumer Cyclical | 7.22% | 0.00% | 29.62% | 87.63% |
| Consumer Defense | 5.31% | 0.00% | 33.79% | 57.80% |
| Utilities | 2.77% | 0.00% | 24.69% | 79.84% |
| Real Estate | 0.00% | 0.00% | 40.74% | 98.92% |
| Communication Services | 0.00% | 0.00% | 19.80% | 98.66% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VVOIX % Rank | |
|---|---|---|---|---|
| US | 93.52% | 56.38% | 102.65% | 81.02% |
| Non US | 5.23% | 0.00% | 34.45% | 13.10% |
VVOIX - Expenses
Operational Fees
| VVOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.01% | 16.92% | 69.52% |
| Management Fee | 0.64% | 0.00% | 1.20% | 35.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | 88.06% |
Sales Fees
| VVOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| VVOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| VVOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 62.00% | 0.00% | 227.00% | 70.88% |
VVOIX - Distributions
Dividend Yield Analysis
| VVOIX | Category Low | Category High | VVOIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.19% | 0.00% | 23.87% | 90.88% |
Dividend Distribution Analysis
| VVOIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| VVOIX | Category Low | Category High | VVOIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.70% | -1.84% | 4.73% | 55.80% |
Capital Gain Distribution Analysis
| VVOIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2023 | $0.037 | OrdinaryDividend |
| Dec 14, 2022 | $1.584 | OrdinaryDividend |
| Dec 15, 2020 | $0.067 | OrdinaryDividend |
| Dec 13, 2016 | $0.055 | OrdinaryDividend |
| Dec 12, 2014 | $0.314 | OrdinaryDividend |
| Dec 13, 2013 | $0.171 | OrdinaryDividend |
| Dec 07, 2012 | $0.129 | OrdinaryDividend |
| Dec 09, 2011 | $0.002 | OrdinaryDividend |
| Dec 10, 2010 | $0.140 | OrdinaryDividend |
VVOIX - Fund Manager Analysis
Managers
Jonathan Edwards
Start Date
Tenure
Tenure Rank
Mar 30, 2015
7.18
7.2%
Jonathan Edwards is a portfolio manager for Invesco small-cap value products. Mr. Edwards entered the fi nancial industry in 1993. He joined Invesco in 2001 as a corporate associate, working with various fund managers throughout Invesco. He previously worked as a credit analyst with Bank of America. Mr. Edwards earned a Bachelor of Science degree in economics, summa cum laude, from Texas A&M University and a Master of Business Administration degree from the McCombs School of Business at The University of Texas at Austin. He is a CFA charterholder.
Jonathan Mueller
Start Date
Tenure
Tenure Rank
Mar 30, 2015
7.18
7.2%
Jonathan Mueller is a portfolio manager for Invesco small-cap value products. Jonathan Mueller joined Invesco in 2001. Mr. Mueller served as a senior equity analyst before being promoted to portfolio manager in 2009. He was an audit senior for Arthur Andersen LLP from 1997 to 1999. Mr. Mueller earned a Bachelor of Business Administration degree in accounting from Texas Christian University and a Master of Business Administration degree in finance from The University of Texas at Austin. He is a Certifi ed Public Accountant and a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.28 | 10.92 |