TNDFX: Invesco Balanced-Risk Retire 2040 R6

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TNDFX Invesco Balanced-Risk Retire 2040 R6


Profile

TNDFX - Profile

Vitals

  • YTD Return -0.9%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $40.3 M
  • Holdings in Top 10 99.4%

52 WEEK LOW AND HIGH

$7.78
$6.12
$8.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

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

BROKERAGE FEES

  • Turnover 6.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Invesco Balanced-Risk Retirement 2040 Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Sep 24, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Ahnrud

Fund Description

The fund builds a portfolio that includes Invesco Balanced-Risk Allocation Fund, Invesco Balanced-Risk Aggressive Allocation Fund and two affiliated money market funds, Invesco Government & Agency Portfolio and Invesco Treasury Portfolio. It is designed for investors who expect to need all or most of their money in the fund at retirement and for investors who plan to withdraw the value of their account in the fund gradually after retirement. The fund is non-diversified.


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Categories

Performance

TNDFX - Performance

Return Ranking - Trailing

Period TNDFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -11.9% 9.0% 65.69%
1 Yr -1.9% -14.2% 3.6% 50.00%
3 Yr 0.1%* -6.1% 5.2% 49.43%
5 Yr -0.9%* -7.7% 2.4% 51.56%
10 Yr N/A* -4.5% 0.0% 5.93%

* Annualized

Return Ranking - Calendar

Period TNDFX Return Category Return Low Category Return High Rank in Category (%)
2019 10.4% -2.3% 11.6% 15.31%
2018 -10.8% -14.6% 3.1% 65.56%
2017 7.4% -2.1% 10.3% 41.03%
2016 7.1% -13.3% 8.7% 24.24%
2015 -14.4% -18.8% -0.5% 65.63%

Total Return Ranking - Trailing

Period TNDFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -11.9% 9.0% 65.69%
1 Yr -1.9% -14.2% 3.6% 50.00%
3 Yr 0.1%* -5.5% 5.2% 55.17%
5 Yr -0.9%* -7.7% 4.4% 53.13%
10 Yr N/A* -4.5% 1.0% 5.56%

* Annualized

Total Return Ranking - Calendar

Period TNDFX Return Category Return Low Category Return High Rank in Category (%)
2019 10.4% -2.3% 11.6% 15.31%
2018 -10.8% -14.6% 3.3% 66.67%
2017 7.4% -2.1% 11.5% 50.00%
2016 7.1% -13.3% 8.9% 27.27%
2015 -14.4% -18.8% 7.1% 65.63%

NAV & Total Return History


Holdings

TNDFX - Holdings

Concentration Analysis

TNDFX Category Low Category High TNDFX % Rank
Net Assets 40.3 M 7.01 M 154 B 77.57%
Number of Holdings 5 5 6279 91.67%
Net Assets in Top 10 39.1 M 2.17 M 16.3 B 55.56%
Weighting of Top 10 99.39% 5.0% 152.9% 10.42%

Top 10 Holdings

  1. Invesco Balanced-Risk Allc R6 66.25%
  2. Invesco Balanced-Risk Agrsv Allc 33.14%

Asset Allocation

Weighting Return Low Return High TNDFX % Rank
Bonds
106.23% 85.54% 1096.85% 28.70%
Stocks
42.82% -15.40% 76.29% 22.22%
Other
21.88% -14.44% 49.01% 18.52%
Preferred Stocks
0.00% 0.00% 0.07% 72.22%
Convertible Bonds
0.00% 0.00% 37.09% 84.26%
Cash
-70.93% -1106.74% 13.38% 79.63%

Stock Sector Breakdown

Weighting Return Low Return High TNDFX % Rank
Financial Services
17.51% 0.00% 100.00% 67.86%
Healthcare
12.83% 0.00% 14.37% 32.14%
Industrials
11.35% 0.00% 11.35% 16.07%
Consumer Defense
10.37% 0.00% 10.37% 21.43%
Technology
10.25% 0.00% 33.65% 58.93%
Consumer Cyclical
9.68% 0.00% 34.05% 33.93%
Energy
7.87% 0.00% 100.00% 44.64%
Basic Materials
7.00% 0.00% 18.10% 41.07%
Communication Services
6.58% 0.00% 14.43% 46.43%
Utilities
3.91% 0.00% 4.69% 30.36%
Real Estate
2.66% 0.00% 2.92% 32.14%

Stock Geographic Breakdown

Weighting Return Low Return High TNDFX % Rank
Non US
29.09% -10.42% 73.57% 22.22%
US
13.73% -4.98% 18.72% 18.52%

Bond Sector Breakdown

Weighting Return Low Return High TNDFX % Rank
Government
60.42% 0.00% 79.30% 59.26%
Cash & Equivalents
30.55% 0.41% 50.44% 18.52%
Corporate
9.04% 0.00% 89.40% 66.67%
Derivative
0.00% 0.00% 68.47% 85.19%
Securitized
0.00% 0.00% 59.22% 76.85%
Municipal
0.00% 0.00% 0.05% 73.15%

Bond Geographic Breakdown

Weighting Return Low Return High TNDFX % Rank
Non US
90.98% 74.92% 1080.17% 49.07%
US
15.25% -0.10% 48.43% 32.41%

Expenses

TNDFX - Expenses

Operational Fees

TNDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 43.49% 86.00%
Management Fee 0.00% 0.00% 1.60% 12.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.45% N/A

Sales Fees

TNDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.50% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TNDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 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.

TNDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 96.00% 17.82%

Distributions

TNDFX - Distributions

Dividend Yield Analysis

TNDFX Category Low Category High TNDFX % Rank
Dividend Yield 0.00% 0.00% 0.96% 73.15%

Dividend Distribution Analysis

TNDFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

TNDFX Category Low Category High TNDFX % Rank
Net Income Ratio 6.94% 0.13% 11.02% 10.89%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TNDFX - Fund Manager Analysis

Managers

Mark Ahnrud


Start Date

Tenure

Tenure Rank

Aug 31, 2009

10.92

10.9%

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

Aug 31, 2009

10.92

10.9%

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 Devine


Start Date

Tenure

Tenure Rank

Aug 31, 2009

10.92

10.9%

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

Aug 31, 2009

10.92

10.9%

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.

Christian Ulrich


Start Date

Tenure

Tenure Rank

Aug 31, 2009

10.92

10.9%

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
0.42 21.02 6.79 10.92