ACSTX: Invesco Comstock A

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ACSTX Invesco Comstock A

  • Fund
  • ACSTX
  • Price as of: Dec 05, 2019
  • $25.38
    - $0.01 - 0.04%

Profile

ACSTX - Profile

Vitals

  • YTD Return 17.9%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $11.5 B
  • Holdings in Top 10 28.7%

52 WEEK LOW AND HIGH

$25.38
$20.35
$25.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 18.0%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Comstock Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Oct 07, 1968
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin C. Holt

Fund Description

The Invesco Comstock Fund Class A (ACSTX) is an actively managed mutual fund that aims for a high total return through income and capital appreciation. The fund does this by using value screens to make large contrarian bets in undervalued large-cap stocks and holding them for years until the market realizes their true potential. The fund will take only a few concentrated bets on a handful of stocks relative to the broader equity markets.

With its low costs and long-term focus, ACSTX makes an ideal subcore holding for investors looking to grow their wealth over the long term. The fund is internally managed by Invesco.


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Categories

Performance

ACSTX - Performance

Return Ranking - Trailing

Period ACSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.9% -61.2% 45.5% 70.27%
1 Yr 0.4% -23.8% 26.7% 75.12%
3 Yr 0.4%* -9.4% 16.7% 72.74%
5 Yr -0.4%* -17.1% 12.0% 64.40%
10 Yr 6.4%* -4.8% 17.6% 60.23%

* Annualized

Return Ranking - Calendar

Period ACSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.9% -62.4% 16.7% 71.66%
2017 13.5% -16.5% 22.0% 18.71%
2016 9.2% -27.9% 31.0% 62.59%
2015 -15.0% -43.1% 1.3% 84.85%
2014 7.4% -46.4% 75.9% 32.84%

Total Return Ranking - Trailing

Period ACSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.0% -7.8% 45.1% 70.77%
1 Yr 0.5% -23.7% 26.3% 81.02%
3 Yr 4.2%* -9.5% 16.6% 74.68%
5 Yr 2.4%* -17.1% 11.9% 82.02%
10 Yr 8.6%* -4.8% 17.6% 73.32%

* Annualized

Total Return Ranking - Calendar

Period ACSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.1% -37.1% 17.4% 84.09%
2017 17.8% -16.5% 24.7% 24.73%
2016 17.9% -27.9% 32.2% 14.65%
2015 -14.2% -28.9% 3.9% 94.70%
2014 9.1% -45.2% 78.4% 62.55%

NAV & Total Return History


Holdings

ACSTX - Holdings

Concentration Analysis

ACSTX Category Low Category High ACSTX % Rank
Net Assets 11.5 B 1.12 M 89 B 8.55%
Number of Holdings 94 18 1201 39.63%
Net Assets in Top 10 3.22 B -6.31 M 22.5 B 7.28%
Weighting of Top 10 28.72% 6.1% 422.4% 44.64%

Top 10 Holdings

  1. Citigroup Inc 5.16%
  2. Bank of America Corporation 4.72%
  3. JPMorgan Chase & Co 3.53%
  4. Philip Morris International Inc 2.71%
  5. Chevron Corp 2.25%
  6. American International Group Inc 2.17%
  7. BP PLC ADR 2.16%
  8. Suncor Energy Inc 2.10%
  9. General Motors Co 2.07%
  10. Royal Dutch Shell PLC ADR Class A 1.85%

Asset Allocation

Weighting Return Low Return High ACSTX % Rank
Stocks
93.81% 85.66% 135.68% 94.10%
Cash
6.19% -36.11% 13.68% 3.34%
Preferred Stocks
0.00% -0.29% 6.74% 62.64%
Other
0.00% -3.87% 21.14% 61.16%
Convertible Bonds
0.00% 0.00% 6.74% 61.16%
Bonds
0.00% -13.40% 35.68% 62.44%

Stock Sector Breakdown

Weighting Return Low Return High ACSTX % Rank
Financial Services
29.11% 0.00% 55.05% 11.42%
Energy
15.36% 0.00% 20.60% 1.67%
Healthcare
10.83% 0.00% 30.31% 78.35%
Industrials
8.45% 0.00% 37.00% 73.03%
Technology
8.19% 0.00% 28.84% 64.47%
Consumer Cyclical
7.95% 0.00% 36.78% 39.57%
Consumer Defense
6.54% 0.00% 38.28% 72.74%
Communication Services
4.81% 0.00% 23.34% 64.57%
Basic Materials
2.01% 0.00% 25.67% 73.13%
Utilities
0.57% -0.31% 74.30% 84.65%
Real Estate
0.00% -0.21% 18.40% 93.50%

Stock Geographic Breakdown

Weighting Return Low Return High ACSTX % Rank
US
80.77% 80.15% 133.82% 99.41%
Non US
13.04% 0.00% 16.12% 5.90%

Expenses

ACSTX - Expenses

Operational Fees

ACSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.00% 27.58% 68.50%
Management Fee 0.37% 0.00% 1.50% 9.93%
12b-1 Fee 0.25% 0.00% 1.00% 46.56%
Administrative Fee 0.25% 0.00% 0.50% 83.91%

Sales Fees

ACSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 62.34%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ACSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ACSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 1011.00% 22.82%

Distributions

ACSTX - Distributions

Dividend Yield Analysis

ACSTX Category Low Category High ACSTX % Rank
Dividend Yield 0.39% 0.00% 4.55% 70.60%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ACSTX Category Low Category High ACSTX % Rank
Net Income Ratio 1.79% -2.06% 3.68% 38.80%

Capital Gain Distribution Analysis

ACSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ACSTX - Fund Manager Analysis

Managers

Kevin C. Holt


Start Date

Tenure

Tenure Rank

Aug 01, 1999

20.35

20.4%

Kevin Holt is a senior portfolio manager for Invesco large- and all-cap value strategies. He is lead manager for Invesco’s large-cap value products. He joined Invesco in 2010. Mr. Holt was previously Managing director and portfolio manager for the U.S. value strategy at Van Kampen, which he joined in 1999 and was portfolio manager of the Portfolio since April 2005. Before joining Van Kampen, he served as a senior research analyst at Strong Capital Management and as a portfolio manager/research analyst at Citibank Global Asset Management. He began his career as a senior financial analyst for Harris Trust and Savings Bank. Mr. Holt earned a bachelor’s degree from the University of Iowa and a Master of Business Administration degree from the University of Chicago Graduate School of Business. He is a CFA charterholder and a member of the CFA Institute and the Houston Society of Financial Analysts.

Devin E. Armstrong


Start Date

Tenure

Tenure Rank

Jul 31, 2007

12.34

12.3%

Devin Armstrong has been portfolio manager of Invesco and/or its affiliates since June 2010. From 2007 to 2010, he was associated with Morgan Stanley Investment Advisors Inc. in an investment capacity. Prior to 2007, he was associated with Morgan Stanley Investment Advisors Inc. in a research capacity. He previously joined Morgan Stanley in 2004, where he served as a member of the U.S. Research team before becoming a portfolio manager. Before joining Morgan Stanley, he was also a Portfolio Manager at Van Kampen Asset Management Inc. He was a research associate at William Blair & Company. From 1999 to 2002, he served as a senior analyst at Ibbotson Associates. Mr. Armstrong earned a Bachelor of Science degree in psychology and finance from the University of Illinois and a Master of Business Administration degree in finance from Columbia University. He is a CFA charterholder.

James N. Warwick


Start Date

Tenure

Tenure Rank

Jul 31, 2007

12.34

12.3%

James Warwick is a portfolio manager for Invesco large- and all-cap value strategies. He joined Invesco in 2010. Mr. Warwick previously joined Van Kampen in 2002, where he served as a portfolio manager for the Multi Cap Value team, responsible for managing the separately managed accounts and cash levels of the various portfolios that comprised the U.S. Value strategy. He also served as a portfolio specialist for the team. Prior to that, he worked at AIM Management Group. Mr. Warwick earned a Bachelor of Business Administration degree from Stephen F. Austin State University and a Master of Business Administration degree from the University of Houston.

Charles DyReyes


Start Date

Tenure

Tenure Rank

Nov 09, 2015

4.06

4.1%

Charles DyReyes, Portfolio Manager, joined Invesco in 2015. Prior to that, Mr. DyReyes was a senior equity analyst with Brandywine Global Investment Management since 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 84.09 7.05 0.81