BRCNX: Invesco Balanced-Risk Commodity Strategy Fund - MutualFunds.com

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Invesco Balanced-Risk Cmdty Strat R5

BRCNX - Snapshot

Vitals

  • YTD Return -4.3%
  • 3 Yr Annualized Return -2.9%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $609 M
  • Holdings in Top 10 96.3%

52 WEEK LOW AND HIGH

$6.22
$4.53
$6.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Compare BRCNX to Popular Commodity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

SPDR® Gold Shares

GLD | ETF |

$178.64

-0.11%

$76.95 B

-

-

24.95%

0.40%

iShares Gold Trust

IAU | ETF |

$18.16

-0.06%

$31.43 B

-

-

25.17%

0.25%

$22.94

-0.09%

$13.02 B

-

-

35.55%

0.50%

$4.32

-0.46%

$5.77 B

1.64%

$0.07

-9.24%

0.01%

$27.88

-2.21%

$4.08 B

-

-

111.63%

0.79%

BRCNX - Profile

Distributions

  • YTD Total Return -4.3%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.04%
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
    23122746
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Chris Devine

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.


BRCNX - Performance

Return Ranking - Trailing

Period BRCNX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -84.3% 398.6% 36.84%
1 Yr -3.3% -88.7% 45.1% 41.56%
3 Yr -2.9%* -47.9% 60.9% 29.69%
5 Yr -1.0%* -39.9% 28.7% 28.81%
10 Yr N/A* -29.8% 14.6% N/A

* Annualized

Return Ranking - Calendar

Period BRCNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -88.2% 53.9% 70.61%
2018 -12.2% -42.9% 323.8% 35.75%
2017 4.9% -37.6% 55.7% 28.92%
2016 9.0% -34.9% 49.2% 65.00%
2015 -16.5% -64.9% 8.8% 21.57%

Total Return Ranking - Trailing

Period BRCNX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -87.5% 272.1% 34.65%
1 Yr -3.3% -88.7% 45.1% 41.13%
3 Yr -2.9%* -47.9% 60.9% 29.17%
5 Yr -1.0%* -39.9% 28.7% 28.25%
10 Yr N/A* -29.8% 14.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BRCNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -88.2% 53.9% 71.93%
2018 -12.2% -42.9% 208.1% 40.22%
2017 4.9% -37.6% 55.7% 36.14%
2016 11.9% -34.9% 49.2% 46.88%
2015 -16.5% -62.9% 8.8% 21.57%

NAV & Total Return History


BRCNX - Holdings

Concentration Analysis

BRCNX Category Low Category High BRCNX % Rank
Net Assets 609 M 150 K 77 B 21.10%
Number of Holdings 12 1 695 67.95%
Net Assets in Top 10 575 M 523 K 77 B 26.28%
Weighting of Top 10 96.28% 11.5% 100.0% 25.69%

Top 10 Holdings

  1. Invesco Cayman Commodity Fund Iii Hf 24.72%
  2. Invesco Cayman Commodity Fund Iii Hf 24.72%
  3. Invesco Cayman Commodity Fund Iii Hf 24.72%
  4. Invesco Cayman Commodity Fund Iii Hf 24.72%
  5. Invesco Cayman Commodity Fund Iii Hf 24.72%
  6. Invesco Cayman Commodity Fund Iii Hf 24.72%
  7. Invesco Cayman Commodity Fund Iii Hf 24.72%
  8. Invesco Cayman Commodity Fund Iii Hf 24.72%
  9. Invesco Cayman Commodity Fund Iii Hf 24.72%
  10. Invesco Cayman Commodity Fund Iii Hf 24.72%

Asset Allocation

Weighting Return Low Return High BRCNX % Rank
Cash
45.87% -52.27% 100.00% 32.05%
Bonds
29.41% 0.00% 89.50% 37.82%
Other
24.72% -2.42% 110.63% 45.51%
Stocks
0.00% 0.00% 99.57% 52.56%
Preferred Stocks
0.00% 0.00% 0.00% 44.23%
Convertible Bonds
0.00% 0.00% 4.47% 57.69%

Bond Sector Breakdown

Weighting Return Low Return High BRCNX % Rank
Cash & Equivalents
60.93% 0.46% 100.00% 58.04%
Government
28.91% 0.00% 99.54% 30.07%
Corporate
10.17% 0.00% 70.17% 23.78%
Derivative
0.00% 0.00% 10.47% 48.95%
Securitized
0.00% 0.00% 32.42% 57.34%
Municipal
0.00% 0.00% 1.20% 48.95%

Bond Geographic Breakdown

Weighting Return Low Return High BRCNX % Rank
US
21.76% 0.00% 93.70% 44.87%
Non US
7.65% -4.20% 17.83% 15.38%

BRCNX - Expenses

Operational Fees

BRCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.01% 19.14% 39.25%
Management Fee 1.01% 0.00% 1.75% 94.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

BRCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BRCNX 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.

BRCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 262.00% 57.69%

BRCNX - Distributions

Dividend Yield Analysis

BRCNX Category Low Category High BRCNX % Rank
Dividend Yield 0.00% 0.00% 17.55% 55.51%

Dividend Distribution Analysis

BRCNX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

BRCNX Category Low Category High BRCNX % Rank
Net Income Ratio 1.04% -25.58% 36.51% 58.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

BRCNX - Fund Manager Analysis

Managers

Chris Devine


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.84

9.8%

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.

Scott Hixon


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.84

9.8%

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 aude 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

9.84

9.8%

Mark Ahnrud 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 Wolle


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.84

9.8%

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


Start Date

Tenure

Tenure Rank

Nov 30, 2010

9.84

9.8%

Christian Ulrich 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
0.06 15.88 6.44 9.84