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ABRZX Invesco Balanced-Risk Allc A

  • Fund
  • ABRZX
  • Price as of: Aug 23, 2019
  • $11.03 - $0.03 - 0.27%
  • Category
  • Diversified Portfolio

ABRZX - Profile

Vitals

  • YTD Return 9.4%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -2.6%
  • Net Assets $3.33 B
  • Holdings in Top 10 140.6%

52 WEEK LOW AND HIGH

$11.03
$9.99
$11.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.27%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 116.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Invesco Balanced-Risk Allocation Fund
  • Fund Family Name Invesco
  • Inception Date Jun 02, 2009
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Mark Ahnrud

Fund Description

The fund's investment strategy is designed to provide capital loss protection during down markets by investing in multiple asset classes. Its portfolio management team allocates across three asset classes: equities, fixed income and commodities, such that no one asset class drives the fund's performance. The fund's exposure to these three asset classes will be achieved primarily (generally over 65% based on notional exposure) through investments in derivative instruments including but not limited to futures, options and swap agreements.

ABRZX - Performance

Return Ranking - Trailing

Period ABRZX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -52.8% 25.5% 38.94%
1 Yr 3.3% -63.1% 12.7% 3.50%
3 Yr -1.2%* -27.4% 12.9% 79.45%
5 Yr -2.6%* -24.0% 8.4% 76.01%
10 Yr 0.4%* -14.6% 9.4% 91.42%

* Annualized


Return Ranking - Calendar

Period ABRZX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.0% -34.6% 1.6% 18.54%
2017 3.0% -12.4% 33.2% 85.10%
2016 2.4% -65.8% 23.3% 63.24%
2015 -10.9% -64.9% 4.8% 86.83%
2014 -2.2% -29.5% 68.3% 71.45%

Total Return Ranking - Trailing

Period ABRZX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -52.8% 25.5% 39.20%
1 Yr 3.3% -60.9% 12.7% 11.29%
3 Yr 3.6%* -22.8% 13.0% 47.77%
5 Yr 1.7%* -21.3% 47.3% 61.44%
10 Yr 4.9%* -12.3% 12.5% 66.59%

* Annualized


Total Return Ranking - Calendar

Period ABRZX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.0% -32.7% 1.6% 46.52%
2017 9.8% -8.4% 33.2% 58.17%
2016 11.0% -65.2% 23.3% 7.93%
2015 -10.9% -62.9% 9.2% 94.76%
2014 5.5% -28.5% 76.9% 34.76%

NAV & Total Return History

ABRZX - Holdings

Concentration Analysis

ABRZX Category Low Category High ABRZX % Rank
Net Assets 3.33 B 604 K 147 B 17.20%
Number of Holdings 30 2 13482 59.61%
Net Assets in Top 10 4.72 B -120 M 26.4 B 7.40%
Weighting of Top 10 140.55% 5.5% 3196.0% 2.60%

Top 10 Holdings

  1. Australian 10 Year Treasury Bond Future Sept19 26.70%

  2. 10 Year Goverment of Canada Bond Sept19 24.58%

  3. Invesco Cayman Commodity 23.55%

  4. Short Gilt Future Sept19 12.27%

  5. U.S. Treasury Bond Sept19 10.86%

  6. United States Treasury Notes 2.08% 10.30%

  7. United States Treasury Notes 2.05% 9.94%

  8. TOPIX Index Future Sept19 7.97%

  9. FTSE 100 Index Future Sept19 7.33%

  10. United States Treasury Notes 2.09% 7.07%


Asset Allocation

Weighting Return Low Return High ABRZX % Rank
Bonds
108.05% 0.00% 261.66% 0.52%
Stocks
35.84% -21.52% 135.47% 73.26%
Other
23.55% -253.31% 53.08% 2.34%
Preferred Stocks
0.01% 0.00% 65.70% 64.55%
Convertible Bonds
0.00% 0.00% 26.85% 84.48%
Cash
-67.45% -283.85% 353.31% 99.22%

Stock Sector Breakdown

Weighting Return Low Return High ABRZX % Rank
Financial Services
3.99% -0.41% 47.66% 78.44%
Consumer Cyclical
2.74% -9.59% 42.25% 76.35%
Technology
2.72% -3.22% 31.95% 84.56%
Healthcare
2.63% -1.99% 45.45% 82.93%
Industrials
2.48% -0.36% 27.15% 81.82%
Consumer Defense
2.45% -4.62% 17.45% 70.42%
Energy
2.07% -2.23% 28.27% 67.82%
Basic Materials
1.71% -1.56% 22.61% 54.27%
Utilities
0.87% -0.16% 23.50% 74.14%
Communication Services
0.71% -0.92% 6.89% 80.91%
Real Estate
0.64% -3.22% 75.65% 83.91%

Stock Geographic Breakdown

Weighting Return Low Return High ABRZX % Rank
Non US
20.77% -76.83% 74.42% 20.00%
US
15.07% -23.38% 134.61% 86.95%

Bond Sector Breakdown

Weighting Return Low Return High ABRZX % Rank
Government
104.07% -57.27% 316.66% 1.10%
Corporate
26.11% 0.00% 86.09% 20.52%
Derivative
0.00% -234.33% 46.84% 25.06%
Securitized
0.00% -31.43% 45.07% 83.83%
Municipal
0.00% 0.00% 99.83% 62.08%
Cash & Equivalents
-89.57% -277.47% 353.31% 99.09%

Bond Geographic Breakdown

Weighting Return Low Return High ABRZX % Rank
US
79.19% -215.69% 201.54% 2.01%
Non US
28.86% -64.26% 220.06% 3.25%

ABRZX - Expenses

Operational Fees

ABRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.00% 11.64% 31.43%
Management Fee 0.87% 0.00% 2.50% 88.06%
12b-1 Fee 0.25% 0.00% 1.00% 23.85%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

ABRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.14% 5.75% 41.56%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ABRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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.

ABRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.00% 0.00% 6067.00% 83.90%

ABRZX - Distributions

Dividend Yield Analysis

ABRZX Category Low Category High ABRZX % Rank
Dividend Yield 0.00% 0.00% 1.02% 86.24%

Dividend Distribution Analysis

ABRZX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

ABRZX Category Low Category High ABRZX % Rank
Net Income Ratio 0.32% -4.09% 6.99% 92.73%

Capital Gain Distribution Analysis

ABRZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

ABRZX - Managers

Mark Ahnrud

Manager

Start Date

Tenure

Tenure Rank

Jun 02, 2009

10.17

10.2%

Mark currently serves as a Portfolio Manager for Invesco's Global Asset Allocation team. Mark joined Invesco in 2000 and the Global Asset Allocation team in 2002. Mark began his investment career in 1985 and was a fixed income portfolio manager with Bank of America prior to joining Invesco. Mark received his BS in Finance and Investments from Babson College. He received his MBA from the Fuqua School of Business at Duke University with a concentration in Finance and Real Estate Investment. Mark holds the Chartered Financial Analyst designation.


Scott E. Wolle

Manager

Start Date

Tenure

Tenure Rank

Jun 02, 2009

10.17

10.2%

Scott Wolle is a portfolio manager and chief investment officer (CIO) of Invesco Global Asset Allocation. Mr. Wolle joined Invesco in 1999 and became affiliated with the Global Asset Allocation team in 2000. He began his investment management career in 1991 and was with Bank of America prior to joining Invesco. Mr. Wolle earned a Bachelor of Science in finance from Virginia Polytechnic Institute and State University, graduating magna cum laude. He earned a MBA from the Fuqua School of Business at Duke University where he earned the distinction of Fuqua Scholar. He is a CFA charterholder.


Christian Ulrich

Manager

Start Date

Tenure

Tenure Rank

Jun 02, 2009

10.17

10.2%

Christian currently serves as a Portfolio Manager for the IGAA team. Christian joined Invesco in 2000 and the Global Asset Allocation team in 2009. Prior to affiliating as a Portfolio manager with IGAA team, Christian served as a client portfolio manager for Invesco Global Asset Management. Christian began his investment career in 1987 and was with Credit Suisse Group AG where he had assignments in Zurich, New York and London.Christian graduated from the KV Zurich Business School in Zurich, Switzerland, and holds the CFA designation.


Scott Hixon

Manager

Start Date

Tenure

Tenure Rank

Jun 02, 2009

10.17

10.2%

Scott Hixon joined Invesco in 1994 and became affiliated with the Global Asset Allocation team in 1997. He is responsible for the fundamental research, quantitative modeling and portfolio investment decisions for asset classes and currencies. Mr. Hixon began his investment management career in 1992 and was with SunTrust Bank prior to joining Invesco. He earned a Bachelor of Business Administration in finance, graduating magna cum laude from Georgia Southern University. He earned an M.B.A. in finance from Georgia State University. Mr. Hixon is a CFA charterholder.


Chris W. Devine

Manager

Start Date

Tenure

Tenure Rank

Jun 02, 2009

10.17

10.2%

Chris Devine joined Invesco in 1998 and became affiliated with the Global Asset Allocation team in January 2003. He is responsible for portfolio construction, risk management, trading and derivative management. He began his investment management career in 1996 and was with The Robinson-Humphrey Co. prior to joining Invesco. Mr. Devine earned a Bachelor of Arts degree in economics from Wake Forest University and a Master of Business Administration degree from the University of Georgia. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

38.52

Category Average

6.47

Category Mode

7.12