ACEIX: Invesco Equity and Income A

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ACEIX Invesco Equity and Income A

  • Fund
  • ACEIX
  • Price as of: Dec 12, 2019
  • $10.69
    + $0.09 + 0.85%

Profile

ACEIX - Profile

Vitals

  • YTD Return 17.2%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $13.5 B
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$10.69
$8.80
$10.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 138.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 17.2%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.87%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Equity and Income Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Aug 03, 1960
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Bastian

Fund Description

The Invesco Equity and Income Fund Class A (ACEIX) is an actively managed, balanced fund designed for current income generation. ACEIX achieves this by owning dividend-paying, large-cap stocks as well as bonds and convertible securities. By using various screens and fundamental value analysis, fund managers craft a portfolio that offers income and has the ability to grow capital. The fund features a traditional 60/40 split of stocks to bonds and will only hold U.S.-based securities.

With its low expenses and broad appeal, ACEIX makes an ideal core choice for investors.


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Categories

Performance

ACEIX - Performance

Return Ranking - Trailing

Period ACEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.2% -47.2% 43.0% 18.30%
1 Yr 8.2% -40.9% 25.8% 37.86%
3 Yr 6.0%* -35.4% 14.5% 20.31%
5 Yr 5.7%* -40.5% 14.2% 12.30%
10 Yr 8.5%* -38.9% 17.9% 13.55%

* Annualized

Return Ranking - Calendar

Period ACEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.8% -31.8% 19.0% 92.52%
2017 3.8% -44.7% 46.3% 74.19%
2016 9.8% -84.5% 146.1% 6.75%
2015 -7.1% -40.7% 14.6% 69.42%
2014 -2.8% -35.0% 306.6% 80.84%

Total Return Ranking - Trailing

Period ACEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.2% -47.2% 43.0% 18.63%
1 Yr 2.3% -40.9% 25.8% 90.61%
3 Yr 4.0%* -35.4% 14.5% 64.58%
5 Yr 4.5%* -40.5% 14.2% 44.18%
10 Yr 7.9%* -38.9% 18.8% 29.36%

* Annualized

Total Return Ranking - Calendar

Period ACEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.9% -27.4% 19.0% 93.86%
2017 10.9% -44.7% 46.3% 41.54%
2016 14.9% -84.5% 146.1% 5.97%
2015 -6.0% -36.9% 14.6% 77.00%
2014 8.9% -35.0% 306.6% 18.29%

NAV & Total Return History


Holdings

ACEIX - Holdings

Concentration Analysis

ACEIX Category Low Category High ACEIX % Rank
Net Assets 13.5 B 619 K 157 B 4.99%
Number of Holdings 375 2 13643 36.44%
Net Assets in Top 10 2.91 B -206 M 29 B 7.84%
Weighting of Top 10 21.97% 8.9% 210.3% 71.29%

Top 10 Holdings

  1. United States Treasury Notes 1.5% 3.88%
  2. United States Treasury Notes 1.5% 3.26%
  3. American International Group Inc 2.21%
  4. Johnson & Johnson 2.04%
  5. Bank of America Corporation 1.85%
  6. Philip Morris International Inc 1.85%
  7. Citigroup Inc 1.77%
  8. General Motors Co 1.75%
  9. United States Treasury Notes 1.62% 1.72%
  10. Mondelez International Inc Class A 1.64%

Asset Allocation

Weighting Return Low Return High ACEIX % Rank
Stocks
61.00% -41.01% 77.78% 16.42%
Bonds
23.38% -4.12% 79.17% 90.47%
Convertible Bonds
7.64% 0.00% 75.96% 6.57%
Cash
7.44% -110.26% 61.28% 33.69%
Preferred Stocks
0.55% 0.00% 49.94% 25.11%
Other
0.00% -41.44% 209.72% 70.55%

Stock Sector Breakdown

Weighting Return Low Return High ACEIX % Rank
Financial Services
16.09% -7.21% 30.29% 2.13%
Healthcare
10.16% -6.04% 20.92% 5.65%
Technology
6.57% -6.80% 28.79% 48.83%
Energy
6.46% -2.02% 68.57% 4.48%
Consumer Cyclical
5.52% -10.41% 25.25% 29.00%
Consumer Defense
5.13% -2.62% 12.35% 15.03%
Industrials
4.45% -2.39% 24.85% 50.00%
Communication Services
2.96% -2.17% 11.77% 32.41%
Basic Materials
2.27% -2.22% 15.06% 16.42%
Utilities
1.37% -2.30% 64.34% 51.07%
Real Estate
0.00% -8.18% 51.84% 92.00%

Stock Geographic Breakdown

Weighting Return Low Return High ACEIX % Rank
US
52.18% -41.02% 75.95% 30.30%
Non US
8.82% -2.09% 29.45% 22.03%

Bond Sector Breakdown

Weighting Return Low Return High ACEIX % Rank
Corporate
22.60% 0.00% 84.75% 37.82%
Government
11.16% -45.95% 75.63% 50.42%
Cash & Equivalents
5.00% -110.26% 72.04% 48.20%
Securitized
0.15% 0.00% 45.59% 76.69%
Municipal
0.05% 0.00% 58.76% 43.33%
Derivative
0.03% -19.91% 2.88% 13.45%

Bond Geographic Breakdown

Weighting Return Low Return High ACEIX % Rank
US
21.73% -5.38% 87.85% 90.25%
Non US
1.65% -14.01% 19.86% 74.36%

Expenses

ACEIX - Expenses

Operational Fees

ACEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.00% 18.45% 66.24%
Management Fee 0.35% 0.00% 2.00% 32.56%
12b-1 Fee 0.25% 0.00% 1.00% 35.12%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

ACEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 44.63%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ACEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

ACEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.00% 0.00% 1504.00% 82.48%

Distributions

ACEIX - Distributions

Dividend Yield Analysis

ACEIX Category Low Category High ACEIX % Rank
Dividend Yield 0.36% 0.00% 10.97% 62.82%

Dividend Distribution Analysis

ACEIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

ACEIX Category Low Category High ACEIX % Rank
Net Income Ratio 1.87% -4.40% 6.65% 44.77%

Capital Gain Distribution Analysis

ACEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ACEIX - Fund Manager Analysis

Managers

Thomas Bastian


Start Date

Tenure

Tenure Rank

Apr 30, 2003

16.6

16.6%

Thomas Bastian is the lead manager for Invesco large-cap relative value strategies. He joined Invesco in 2010. Before joining the firm, he was a portfolio manager for the U.S. large-cap relative value products at Van Kampen, which he joined in 2003. Before joining Van Kampen, he was a portfolio manager at Eagle Asset Management and an analyst at Bank One. Mr. Bastian earned a Bachelor of Arts degree in accounting from St. John’s University and a Master of Business Administration degree in finance from the University of Michigan. He is a CFA charterholder and a member of the CFA Institute.

Sergio Marcheli


Start Date

Tenure

Tenure Rank

Apr 30, 2003

16.6

16.6%

Sergio Marcheli is a portfolio manager for Invesco large-cap relative value strategies. Mr. Marcheli joined Invesco in 2010. Formerly, Mr. Marcheli was associated with Morgan Stanley Investment Management Inc. in an investment management capacity (2002 to 2010). And before joining Morgan Stanley, he was a portfolio specialist for the U.S. large-cap relative value products at Van Kampen, which he joined in 1995. He earned a Bachelor of Business Administration degree from the University of Houston and a Master of Business Administration degree from the University of St. Thomas.

Charles E. Burge


Start Date

Tenure

Tenure Rank

Feb 12, 2010

9.8

9.8%

Chuck Burge is a Senior Portfolio Manager with Invesco Fixed Income. Mr. Burge joined Invesco in 2002 as a portfolio manager and has held various positions with increased responsibility within the Taxable Investment team. He assumed fund management responsibilities in 2009. Prior to joining Invesco, Mr. Burge spent seven years with Criterion Investment Management. He entered the industry in 1993. Mr. Burge earned a BS degree in economics from Texas A&M University. He also earned an MBA in finance and accounting from Rice University.

Brian Jurkash


Start Date

Tenure

Tenure Rank

Dec 18, 2015

3.95

4.0%

Brian Jurkash is a Portfolio Manager with the Growth and Income/Equity and Income team. Mr. Jurkash entered the industry when he joined Invesco in 2000. Prior to his current position, he worked on the Mid-Cap Growth team and the Quantitative Research team. Mr. Jurkash earned his BBA degree in finance from Stephen F. Austin State University and an MBA in finance from the University of Houston.

Matthew Titus


Start Date

Tenure

Tenure Rank

Jan 25, 2016

3.85

3.9%

Matthew Titus is a Portfolio Manager for the Invesco large-cap relative value strategies. Mr. Titus began his career in the financial industry in 2002 and joined Invesco in 2016. Previously, he was with American Century Investments, where he helped manage the firm’s relative value fund since 2004 and was lead manager since January 2015. Before joining American Century in 2004, he was an equity research analyst for Banc One Investment Advisors, where he provided coverage for small-cap, mid-cap and large-cap value portfolio and teams. Mr. Titus earned a bachelor's degree in accounting and economics from Luther College in Decorah, Iowa, and an MBA from Ohio State University. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 35.94 6.98 7.54