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Trending ETFs

Name

As of 09/22/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.60

$78.5 M

2.27%

$0.40

1.19%

Vitals

YTD Return

-9.3%

1 yr return

5.3%

3 Yr Avg Return

-14.1%

5 Yr Avg Return

-5.7%

Net Assets

$78.5 M

Holdings in Top 10

48.6%

52 WEEK LOW AND HIGH

$17.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/22/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.60

$78.5 M

2.27%

$0.40

1.19%

CACSX - Profile

Distributions

  • YTD Total Return -9.3%
  • 3 Yr Annualized Total Return -14.1%
  • 5 Yr Annualized Total Return -5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    INVESCO Greater China Fund
  • Fund Family Name
    INVESCOFDS
  • Inception Date
    Apr 04, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mike Shiao

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity or equity-related instruments issued by companies located or operating in Greater China and in other instruments that have economic characteristics similar to such securities. For this purpose, Greater China currently includes mainland China, Hong Kong, Macau and Taiwan. Up to 20% of the Fund’s net assets may be invested in equity and equity-related instruments issued by companies or entities not meeting the above requirement or debt securities (including convertible debt) of issuers worldwide.
Companies located or operating in Greater China include (i) companies and other entities having their registered office in Greater China, their governments or any of their respective agencies or instrumentalities or any local government, (ii) companies and other entities located outside Greater China carrying out their business activities principally (50% or more by revenue, profit, assets or production) in Greater China, (iii) holding companies, the interests of which are principally invested in subsidiary companies with a registered office in Greater China, or (iv) companies whose “country of risk” is a country in Greater China as determined by a third party service provider such as Bloomberg.
The Fund invests primarily in equity securities, including depositary receipts, common stock, preferred stock, convertible securities and participation notes. The Fund also invests in China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange).
The Fund may invest in the securities of issuers of all capitalization sizes and may hold a significant amount of its net assets in the securities of small- and mid-capitalization issuers.
The Fund may invest up to 100% of its net assets in foreign securities, including securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.
The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended.
In selecting securities to buy and sell, the Fund’s portfolio manager will apply an actively managed bottom-up fundamental analysis with a ‘sustainable value’ investment style. This means that the portfolio manager focuses on acquiring companies the portfolio manager believes have sustainable leadership positions and competitive advantages when they trade at a discount to their perceived or estimated value. In the security selection process, the portfolio manager will consider three main factors, including valuation, management/franchise value determination (including
management and ownership, earnings quality, balance sheet quality and product quality), and earnings growth.
The portfolio manager will consider whether to sell a particular security when the portfolio manager loses confidence in the issuer’s management, or the issuer shows an inability to sustain clear industry leadership or competitive advantages (market share, technology, scale, etc.) or potential to become a leader in the industry.
In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
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CACSX - Performance

Return Ranking - Trailing

Period CACSX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.3% -23.4% 12.8% 35.29%
1 Yr 5.3% -33.2% -0.2% 12.61%
3 Yr -14.1%* -31.9% 17.5% 73.83%
5 Yr -5.7%* -22.1% 7.6% 85.88%
10 Yr N/A* -14.3% 5.6% 66.18%

* Annualized

Return Ranking - Calendar

Period CACSX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.4% -41.6% 20.8% 9.82%
2021 -22.2% -52.5% 39.8% 67.89%
2020 24.3% -21.7% 138.5% 66.32%
2019 18.3% -1.9% 47.0% 74.19%
2018 -30.6% -50.4% -5.1% 83.54%

Total Return Ranking - Trailing

Period CACSX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.3% -23.0% 13.2% 35.29%
1 Yr 5.3% -27.7% 4.5% 12.61%
3 Yr -14.1%* -28.8% 22.0% 73.83%
5 Yr -5.7%* -10.2% 10.2% 85.88%
10 Yr N/A* -2.5% 10.0% 66.18%

* Annualized

Total Return Ranking - Calendar

Period CACSX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.7% -40.4% 25.8% 7.14%
2021 -21.8% -48.9% 42.7% 79.82%
2020 24.9% -18.5% 138.5% 77.89%
2019 20.1% 4.2% 52.1% 76.34%
2018 -18.9% -39.5% -1.7% 49.37%

NAV & Total Return History


CACSX - Holdings

Concentration Analysis

CACSX Category Low Category High CACSX % Rank
Net Assets 78.5 M 2.07 M 8.43 B 39.50%
Number of Holdings 43 21 961 74.14%
Net Assets in Top 10 38.2 M 706 K 4.22 B 40.52%
Weighting of Top 10 48.63% 6.6% 81.8% 42.24%

Top 10 Holdings

  1. Tencent Holdings Ltd. 9.31%
  2. Alibaba Group Holding Ltd. 6.59%
  3. Bank of China Ltd., H Shares 4.89%
  4. Baoshan Iron Steel Co., Ltd., A Shares 4.35%
  5. Meituan, B Shares 4.31%
  6. Tingyi (Cayman Islands) Holding Corp. 4.16%
  7. Uni-President China Holdings Ltd. 4.04%
  8. Suofeiya Home Collection Co. Ltd., A Shares 3.92%
  9. Vinda International Holdings Ltd. 3.57%
  10. China Merchants Bank Co., Ltd., A Shares 3.50%

Asset Allocation

Weighting Return Low Return High CACSX % Rank
Stocks
95.94% 0.00% 102.18% 86.32%
Cash
4.06% -2.18% 11.89% 11.21%
Preferred Stocks
0.00% 0.00% 0.00% 56.90%
Other
0.00% 0.00% 47.32% 51.72%
Convertible Bonds
0.00% 0.00% 0.15% 57.39%
Bonds
0.00% 0.00% 69.90% 52.99%

Stock Sector Breakdown

Weighting Return Low Return High CACSX % Rank
Financial Services
26.42% 0.00% 99.75% 10.43%
Consumer Cyclical
22.88% 0.00% 95.37% 35.65%
Communication Services
16.18% 0.00% 91.25% 22.61%
Basic Materials
8.21% 0.00% 92.11% 23.48%
Healthcare
7.77% 0.00% 100.00% 54.78%
Consumer Defense
6.35% 0.00% 97.46% 54.78%
Technology
5.35% 0.00% 93.53% 73.91%
Industrials
2.81% 0.00% 96.93% 86.96%
Utilities
2.11% 0.00% 89.15% 32.17%
Energy
1.93% 0.00% 90.86% 23.48%
Real Estate
0.00% 0.00% 99.07% 92.17%

Stock Geographic Breakdown

Weighting Return Low Return High CACSX % Rank
Non US
91.59% 51.72% 100.37% 56.03%
US
4.35% -0.04% 15.12% 46.55%

CACSX - Expenses

Operational Fees

CACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.09% 20.92% 58.62%
Management Fee 0.87% 0.09% 1.50% 62.18%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.25% N/A

Sales Fees

CACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

CACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 278.00% 63.93%

CACSX - Distributions

Dividend Yield Analysis

CACSX Category Low Category High CACSX % Rank
Dividend Yield 2.27% 0.00% 24.92% 21.01%

Dividend Distribution Analysis

CACSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

CACSX Category Low Category High CACSX % Rank
Net Income Ratio 0.62% -1.76% 4.74% 32.17%

Capital Gain Distribution Analysis

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

Distributions History

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CACSX - Fund Manager Analysis

Managers

Mike Shiao


Start Date

Tenure

Tenure Rank

Mar 30, 2015

7.18

7.2%

Mike Shiao has 25 years of investment experience. He joined Invesco in 2002. In April 2015, he became Chief Investment Officer, Greater China, leading the Greater China equities team. Mike was appointed as Chief Investment Officer, Asia ex Japan, in April 2016. He was previously Head of Equities for Invesco Taiwan Ltd. He moved to Invesco Hong Kong Ltd to expand his coverage to Greater China markets in 2006. Mike started his investment career in 1992 at Grand Regent Investment Ltd., where he worked for six years as a project manager supervising venture capital investments in Taiwan and China. In 1997, he joined Overseas Credit and Securities Inc. as a senior analyst covering Taiwan technology sector. Mike also worked at Taiwan International Investment Management Co., as a fund manager and was responsible for technology sector research. Mike holds a Bachelor’s degree from National Chung Hsing University, Taiwan and a Master of Science degree in Finance from Drexel University, Philadelphia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.32 3.87 3.22