BRCCX: Invesco Balanced-Risk Commodity Strat C

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BRCCX Invesco Balanced-Risk Commodity Strat C

  • Fund
  • BRCCX
  • Price as of: Dec 12, 2019
  • $5.88
    + $0.02 + 0.34%

Profile

BRCCX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return -3.1%
  • 5 Yr Annualized Return -4.7%
  • Net Assets $980 M
  • Holdings in Top 10 48.0%

52 WEEK LOW AND HIGH

$5.88
$5.66
$6.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.26%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 96.00%

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 Commodities Broad Basket

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return -4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Invesco Balanced-Risk Commodity Strategy Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Nov 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Hixon

Fund Description

The fund invests, under normal conditions, in derivatives and other commodity-linked instruments whose performance is expected to correspond to the performance of the underlying commodity, without investing directly in physical commodities. It seeks to achieve its investment objective by investing in derivatives and other commodity-linked instruments that provide exposure to the following four sectors of the commodities markets: agricultural/livestock, energy, industrial metals and precious metals.


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Categories

BRCCX - Mutual Fund Categories


Performance

BRCCX - Performance

Return Ranking - Trailing

Period BRCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -9.9% 13.7% 88.18%
1 Yr -2.6% -17.6% 7.7% 52.29%
3 Yr -3.1%* -13.5% 2.6% 43.16%
5 Yr -4.7%* -21.2% -2.2% 25.30%
10 Yr N/A* -15.9% 18.2% N/A

* Annualized

Return Ranking - Calendar

Period BRCCX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -42.9% -0.2% 26.53%
2017 3.9% -13.1% 10.5% 15.96%
2016 8.1% 3.1% 22.1% 82.80%
2015 -17.4% -64.9% -7.2% 19.28%
2014 -16.7% -34.3% 669.0% 33.33%

Total Return Ranking - Trailing

Period BRCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -9.9% 13.7% 88.18%
1 Yr -2.6% -17.3% 7.7% 52.29%
3 Yr -3.1%* -13.5% 3.5% 66.32%
5 Yr -4.3%* -18.4% -2.2% 33.73%
10 Yr N/A* -11.9% 21.5% N/A

* Annualized

Total Return Ranking - Calendar

Period BRCCX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -42.9% -0.2% 37.76%
2017 3.9% -8.3% 10.9% 41.49%
2016 10.6% 3.1% 23.2% 76.34%
2015 -17.4% -62.9% -7.2% 19.28%
2014 -16.7% -34.3% 698.3% 34.72%

NAV & Total Return History


Holdings

BRCCX - Holdings

Concentration Analysis

BRCCX Category Low Category High BRCCX % Rank
Net Assets 980 M 1.21 M 7.72 B 24.32%
Number of Holdings 12 2 897 77.48%
Net Assets in Top 10 495 M -77.9 M 1.94 B 22.52%
Weighting of Top 10 47.95% 0.0% 166.9% 53.15%

Top 10 Holdings

  1. Invesco Cayman Commodity Fund Iii Hf 22.13%
  2. United States Treasury Notes 1.73% 7.17%
  3. United States Treasury Notes 1.72% 6.20%
  4. United States Treasury Notes 1.69% 6.09%
  5. Barclays Bank plc 0.01% 2.80%
  6. International Bank for Reconstruction and Development 1.57% 2.35%
  7. Barclays Bk 0.1% 1.21%

Asset Allocation

Weighting Return Low Return High BRCCX % Rank
Cash
52.05% -41.68% 100.00% 27.93%
Bonds
25.82% 0.00% 86.67% 60.36%
Other
22.13% -2.17% 109.24% 32.43%
Stocks
0.00% -2.22% 48.90% 57.66%
Preferred Stocks
0.00% 0.00% 0.00% 45.95%
Convertible Bonds
0.00% 0.00% 2.07% 65.77%

Bond Sector Breakdown

Weighting Return Low Return High BRCCX % Rank
Cash & Equivalents
35.47% -41.68% 100.00% 44.14%
Government
21.81% -12.27% 78.39% 46.85%
Corporate
20.58% 0.00% 56.42% 21.62%
Derivative
0.00% -20.20% 0.48% 47.75%
Securitized
0.00% 0.00% 40.46% 66.67%
Municipal
0.00% 0.00% 0.45% 51.35%

Bond Geographic Breakdown

Weighting Return Low Return High BRCCX % Rank
US
19.46% 0.00% 100.21% 63.06%
Non US
6.36% -13.54% 25.66% 24.32%

Expenses

BRCCX - Expenses

Operational Fees

BRCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.26% 0.01% 12.59% 14.55%
Management Fee 1.01% 0.00% 1.75% 86.49%
12b-1 Fee 1.00% 0.00% 1.00% 91.43%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BRCCX 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% 4.00% 70.59%

Trading Fees

BRCCX 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.

BRCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.00% 0.00% 5463.00% 73.64%

Distributions

BRCCX - Distributions

Dividend Yield Analysis

BRCCX Category Low Category High BRCCX % Rank
Dividend Yield 0.03% 0.00% 17.67% 64.86%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BRCCX Category Low Category High BRCCX % Rank
Net Income Ratio -0.61% -1.16% 3.38% 98.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BRCCX - Fund Manager Analysis

Managers

Scott Hixon


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.01

9.0%

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.

Mark Ahnrud


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.01

9.0%

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


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.01

9.0%

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.

Chris W. Devine


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.01

9.0%

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.

Christian Ulrich


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.01

9.0%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 14.53 5.79 9.01