Invesco Growth Allocation C
Fund
AADCX
Price as of:
$13.40
- $0.02
- 0.15%
Primary Theme
fund company
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.3%
1 yr return
-6.0%
3 Yr Avg Return
-3.5%
5 Yr Avg Return
-3.6%
Net Assets
$949 M
Holdings in Top 10
68.0%
52 WEEK LOW AND HIGH
$13.4
$12.33
$14.33
Expenses
OPERATING FEES
Expense Ratio 1.74%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AADCX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return -3.5%
- 5 Yr Annualized Total Return -3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.08%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameInvesco Select Risk: Growth Investor Fund
-
Fund Family NameInvesco
-
Inception DateApr 30, 2004
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDuy Nguyen
Fund Description
The Fund is a “fund of funds,” and invests its assets in other underlying mutual funds advised by Invesco Advisers, Inc. (Invesco or the Adviser) and exchange-traded funds (ETFs) and other pooled investment vehicles advised by Invesco Capital Management LLC (Invesco Capital) or mutual funds, ETFs and other pooled investment vehicles advised by unaffiliated advisers (the underlying funds). Invesco and Invesco Capital are affiliates of each other as they are both indirect wholly-owned subsidiaries of Invesco Ltd. The Fund’s target allocation is to invest approximately 70%-85% of its total assets in underlying funds that invest primarily in equity securities (equity funds), approximately 5%-30% of its total assets in underlying funds that invest primarily in fixed-income securities (fixed-income funds) and approximately 5%-20% of its total assets in alternative asset classes including underlying funds that invest primarily in commodities and other derivatives.
The Fund does not limit its investment in underlying funds that invest primarily in foreign securities.
The Fund may also allocate up to 100% of its assets to affiliated or unaffiliated ETFs.
The Fund may invest directly in derivatives to hedge its cash position and manage the duration of the Fund’s portfolio, including but not limited to futures, total return swaps, and forward contracts. The Fund may also use other types of derivatives that are consistent with its investment objective and investment strategies. In addition, the Fund will gain exposure to derivatives through its investment in underlying funds.
The Adviser uses a three-step process to create the Fund’s portfolio including: (1) a strategic asset allocation by the Adviser among broad asset classes; (2) the actual selection by the Adviser of underlying funds to represent the broad asset classes and the determination by the Adviser of target weightings in these underlying funds; in the case where there are multiple funds in a broad asset class, the Adviser attempts to balance the amount of active risk contributed by each underlying fund in order to determine the allocation; and (3) the ongoing monitoring of the Fund’s asset class allocations, underlying funds and target weightings in the underlying funds.
Based on the portfolio managers’ research, the strategic allocations of the portfolios are broadly diversified to gain exposure to areas of the market that the portfolio managers believe may perform well over a full market cycle, including periods of adverse economic environments such as recessions and inflationary growth. The portfolio managers gain exposure to the desired asset class by selecting the most representative funds. The Adviser rebalances the Fund’s investments in the underlying funds on an
annual basis to keep them at their target weightings. Although the Adviser has the ability to rebalance on a more frequent basis if it believes it is appropriate to do so, the Fund’s asset class weightings may not match the above percentage weightings during a quarter due to market fluctuations, cash flows and other factors. The Adviser may change the Fund’s asset class allocations, the underlying funds or the target weightings in the underlying funds without notice to, or approval by, shareholders.
AADCX - Performance
Return Ranking - Trailing
| Period | AADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -21.1% | 20.0% | 48.58% |
| 1 Yr | -6.0% | -26.1% | 45.2% | 56.33% |
| 3 Yr | -3.5%* | -6.7% | 14.4% | 86.85% |
| 5 Yr | -3.6%* | -8.7% | 11.4% | 72.10% |
| 10 Yr | 0.6%* | -6.6% | 10.9% | 53.08% |
* Annualized
Return Ranking - Calendar
| Period | AADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -23.5% | -37.4% | 14.2% | 80.32% |
| 2021 | 3.2% | -5.0% | 24.1% | 60.26% |
| 2020 | -0.1% | -19.3% | 21.3% | 93.03% |
| 2019 | 2.3% | -18.2% | 16.6% | 82.37% |
| 2018 | -2.2% | -6.1% | 15.0% | 13.75% |
Total Return Ranking - Trailing
| Period | AADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -21.1% | 20.0% | 48.58% |
| 1 Yr | -6.0% | -26.1% | 58.7% | 58.31% |
| 3 Yr | -3.5%* | -6.7% | 22.1% | 87.58% |
| 5 Yr | -3.3%* | -8.7% | 16.4% | 80.62% |
| 10 Yr | 1.1%* | -2.9% | 10.9% | 85.58% |
* Annualized
Total Return Ranking - Calendar
| Period | AADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -23.5% | -37.4% | 14.2% | 80.32% |
| 2021 | 3.2% | -5.0% | 24.1% | 60.26% |
| 2020 | -0.1% | -19.3% | 21.3% | 93.03% |
| 2019 | 2.3% | -10.8% | 16.6% | 82.37% |
| 2018 | -1.9% | -6.1% | 19.3% | 34.57% |
NAV & Total Return History
AADCX - Holdings
Concentration Analysis
| AADCX | Category Low | Category High | AADCX % Rank | |
|---|---|---|---|---|
| Net Assets | 949 M | 963 K | 126 B | 52.19% |
| Number of Holdings | 29 | 4 | 7731 | 54.35% |
| Net Assets in Top 10 | 646 M | 2.04 K | 28.9 B | 48.95% |
| Weighting of Top 10 | 67.95% | 13.3% | 100.0% | 46.58% |
Top 10 Holdings
- Invesco Global R6 10.55%
- Invesco Core Plus Bond R6 7.73%
- Invesco Main Street Small Cap R6 6.15%
- Invesco Discovery Mid Cap Growth R6 6.04%
Asset Allocation
| Weighting | Return Low | Return High | AADCX % Rank | |
|---|---|---|---|---|
| Stocks | 78.83% | 0.19% | 99.72% | 38.14% |
| Bonds | 16.71% | 0.00% | 91.12% | 50.45% |
| Cash | 1.86% | -7.71% | 88.33% | 69.97% |
| Other | 1.81% | -2.66% | 17.60% | 17.72% |
| Preferred Stocks | 0.60% | 0.00% | 26.97% | 21.92% |
| Convertible Bonds | 0.19% | 0.00% | 26.48% | 78.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AADCX % Rank | |
|---|---|---|---|---|
| Technology | 17.54% | 0.00% | 52.93% | 61.56% |
| Financial Services | 14.24% | 0.01% | 52.80% | 66.37% |
| Industrials | 13.69% | 0.02% | 51.90% | 4.50% |
| Consumer Cyclical | 10.44% | 0.00% | 22.75% | 52.55% |
| Healthcare | 9.62% | 0.00% | 36.30% | 89.79% |
| Real Estate | 8.22% | 0.00% | 33.86% | 18.32% |
| Consumer Defense | 6.81% | 0.00% | 27.24% | 45.05% |
| Communication Services | 5.46% | 0.00% | 26.62% | 82.88% |
| Utilities | 4.92% | 0.00% | 31.67% | 14.71% |
| Basic Materials | 4.84% | 0.00% | 44.18% | 31.53% |
| Energy | 4.22% | 0.00% | 39.46% | 65.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AADCX % Rank | |
|---|---|---|---|---|
| US | 51.09% | 0.19% | 96.85% | 72.37% |
| Non US | 27.74% | 0.00% | 38.11% | 13.51% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AADCX % Rank | |
|---|---|---|---|---|
| Corporate | 25.71% | 0.00% | 100.00% | 60.96% |
| Securitized | 19.22% | 0.00% | 37.97% | 16.82% |
| Government | 19.17% | 0.00% | 99.71% | 60.96% |
| Cash & Equivalents | 18.41% | 0.00% | 100.00% | 51.65% |
| Municipal | 17.02% | 0.00% | 17.02% | 1.80% |
| Derivative | 0.47% | 0.00% | 38.84% | 40.54% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AADCX % Rank | |
|---|---|---|---|---|
| US | 14.96% | 0.00% | 91.12% | 40.24% |
| Non US | 1.75% | 0.00% | 18.39% | 62.46% |
AADCX - Expenses
Operational Fees
| AADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.74% | 0.11% | 3.15% | 11.34% |
| Management Fee | 0.00% | 0.00% | 1.25% | 24.38% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.19% |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| AADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 85.71% |
Trading Fees
| AADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| AADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 4.00% | 398.00% | 33.89% |
AADCX - Distributions
Dividend Yield Analysis
| AADCX | Category Low | Category High | AADCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.83% | 0.00% | 8.94% | 86.05% |
Dividend Distribution Analysis
| AADCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| AADCX | Category Low | Category High | AADCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.08% | -1.12% | 6.07% | 93.23% |
Capital Gain Distribution Analysis
| AADCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2018 | $0.073 | OrdinaryDividend |
| Dec 19, 2017 | $0.170 | OrdinaryDividend |
| Dec 19, 2016 | $0.047 | OrdinaryDividend |
| Dec 16, 2015 | $0.095 | OrdinaryDividend |
| Dec 17, 2014 | $0.137 | OrdinaryDividend |
| Dec 18, 2013 | $0.119 | OrdinaryDividend |
| Dec 14, 2012 | $0.229 | OrdinaryDividend |
| Dec 16, 2011 | $0.002 | OrdinaryDividend |
AADCX - Fund Manager Analysis
Managers
Duy Nguyen
Start Date
Tenure
Tenure Rank
Feb 17, 2016
6.29
6.3%
Duy Nguyen serves as Chief Investment Officer and Portfolio Manager for Invesco Global Solutions Development and Implementation. He has been with Invesco since 2000, most recently on the Invesco Global Quantitative Strategies team. Previously, he was assistant vice president and quantitative equity analyst with Van Kampen American Capital, and vice president and director of quantitative services for FactSet Research Systems.
Jacob Borbidge
Start Date
Tenure
Tenure Rank
Feb 17, 2016
6.29
6.3%
Blank
Jeffrey Bennett
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Jeff Bennett is a Senior Portfolio Manager and Head of Manager Selection for the Invesco Investment Solutions team, which provides customized multi-asset investment strategies for institutional and retail clients. Mr. Bennett joined Invesco when the firm combined with OppenheimerFunds in 2019. Prior to joining Invesco, he was a senior portfolio manager and manager due diligence specialist in the OppenheimerFunds Global Multi-Asset Group (GMAG).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.43 | 2.41 |