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Invesco Active Allocation Fund
mutual fund
OAAAX
Payout Change
Pending
Price as of:
$14.88
+0.09
+0.61%
primary theme
U.S. Growth/Balanced Allocation
share class
OAAAX (Mutual Fund)
Invesco Active Allocation Fund
Payout Change
Pending
Price as of:
$14.88
+0.09
+0.61%
primary theme
U.S. Growth/Balanced Allocation
share class
OAAAX (Mutual Fund)
Invesco Active Allocation Fund
Payout Change
Pending
Price as of:
$14.88
+0.09
+0.61%
primary theme
U.S. Growth/Balanced Allocation
share class
Name
As of 12/11/2024Price
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
Vitals
YTD Return
13.8%
1 yr return
17.7%
3 Yr Avg Return
1.7%
5 Yr Avg Return
6.4%
Net Assets
$1.94 B
Holdings in Top 10
75.0%
52 WEEK LOW AND HIGH
$14.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
OAAAX - Profile
Distributions
- YTD Total Return 13.8%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.64%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco Active Allocation Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateApr 05, 2005
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Bennett
Fund Description
The Fund is a “fund of funds,” and invests its assets in other underlying mutual funds advised by Invesco Advisers, Inc. (Invesco or the Adviser) and exchange-traded funds (ETFs) and other pooled investment vehicles advised by Invesco Capital Management LLC (Invesco Capital) or mutual funds, ETFs and other pooled investment vehicles advised by unaffiliated advisers (the underlying funds). Invesco and Invesco Capital are affiliates of each other as they are both indirect wholly-owned subsidiaries of Invesco Ltd.
The Fund generally categorizes each underlying fund as an equity, fixed-income, or alternative fund based on its investment profile. The Fund typically allocates its assets among underlying funds, and within a pre-determined percentage range for its assets in equity funds, as determined by the Adviser in accordance with its outlook for the economy, the financial markets and the relative market valuations of the underlying funds. Under normal market conditions, the Adviser selects underlying funds based on its determination that they could provide total return for the Fund.
The Fund generally invests between 70% and 85% of its assets in equity funds. Such funds invest in equity securities of domestic and foreign companies, including small, medium and large market capitalization companies, and growth and value stocks. Equity securities include common stock, preferred stock, rights and warrants, and securities convertible into common stock. Foreign equities are securities of issuers outside of the United States, including issuers in emerging or developing markets, i.e., those that are generally in the early stages of their industrial cycles. Underlying funds investing primarily in real estate securities, listed infrastructure securities, and master limited partnerships (MLPs) will be deemed to be “equity funds” for purposes of the Fund’s allocation strategy.
The Fund generally invests the remainder of its assets in a flexible combination of fixed-income and alternative funds. Fixed-income funds generally invest in fixed income instruments such as investment-grade debt securities, below-investment-grade high yield securities (or “junk” bonds), government and government-sponsored securities, corporate bonds, securitized products, and inflation-protected debt securities. Alternative funds generally offer unique combinations of traditional equity securities and fixed-income securities or use alternative investment strategies, including primarily through the use of derivatives, that aim to offer diversification beyond traditional equity and fixed-income securities and may seek to take long and short positions to manage exposure to certain asset classes. The Fund is not required to invest its assets in any specified percentages of fixed-income or alternative funds. The Fund does not limit its investment in underlying funds that invest primarily in foreign securities.
The Fund’s investment in underlying funds is subject to any limitations imposed by the Investment Company Act of 1940 or any rules thereunder.
Under normal market conditions, the Fund also invests a portion of its assets based on a “tactical allocation” strategy. Currently, the Fund’s tactical allocation strategy is implemented primarily through futures. As part of the tactical allocation strategy, the Fund can adjust the allocation of its assets to underlying funds to take advantage of temporary market conditions that may present opportunities (which can cause the Fund’s investments in equity funds, fixed-income and alternative funds to exceed or be lower than the general percentages referenced above by approximately 5%). Also, as part of the tactical allocation strategy, the Fund may invest directly in certain securities in which underlying funds invest, and may use derivatives, including to seek income or capital gain, hedge against the risks of other investments, equitize its cash position and manage the duration of its portfolio. Options, futures, forward contracts and swaps are some of the types of derivatives the Fund can use.
The Fund may temporarily exceed its percentage range for its assets in equity funds for short periods and may alter the percentage range when it deems appropriate. The Adviser will monitor the markets and allocate assets among the underlying funds based on changing market or economic conditions and investment opportunities. The Adviser monitors the underlying fund selections and periodically rebalances the Fund’s investments to bring them back within their asset allocation target ranges. In response to changing market or economic conditions, the Adviser may change any or all of the underlying funds managed by Invesco and/or its affiliates, including using funds that may be created in the future, or change the Fund’s asset allocation target ranges at any time, in each case without prior approval from or notice to shareholders.
The Fund may hold a portion of its assets in cash, money market securities or other similar, liquid investments, including in shares of money market mutual funds in the Invesco family of funds. This may also include shares of funds that provide exposure to inflation protected debt securities and short-term investment grade debt securities. This will also generally occur at times when there is an inability to immediately invest funds received from purchases of Fund shares or from redemptions of other investments or to maintain liquidity.
OAAAX - Performance
Return Ranking - Trailing
| Period | OAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | 2.7% | 26.6% | 79.79% |
| 1 Yr | 17.7% | 4.9% | 38.3% | 85.37% |
| 3 Yr | 1.7%* | -8.4% | 11.5% | 93.91% |
| 5 Yr | 6.4%* | 2.0% | 13.8% | 87.26% |
| 10 Yr | 6.5%* | 1.2% | 11.9% | 81.13% |
* Annualized
Return Ranking - Calendar
| Period | OAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.0% | -6.9% | 29.3% | 72.38% |
| 2022 | -22.9% | -37.4% | -8.2% | 75.99% |
| 2021 | 4.9% | -9.8% | 25.4% | 66.06% |
| 2020 | 0.3% | -21.0% | 25.4% | 90.73% |
| 2019 | 13.3% | -8.3% | 27.9% | 55.95% |
Total Return Ranking - Trailing
| Period | OAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | 2.7% | 26.6% | 79.79% |
| 1 Yr | 17.7% | 4.9% | 38.3% | 85.37% |
| 3 Yr | 1.7%* | -8.4% | 11.5% | 93.91% |
| 5 Yr | 6.4%* | 2.0% | 13.8% | 87.26% |
| 10 Yr | 6.5%* | 1.2% | 11.9% | 81.13% |
* Annualized
Total Return Ranking - Calendar
| Period | OAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.5% | -0.9% | 33.0% | 77.62% |
| 2022 | -19.3% | -36.0% | -0.9% | 94.27% |
| 2021 | 13.9% | -7.8% | 33.9% | 79.20% |
| 2020 | 13.0% | -16.2% | 25.4% | 53.28% |
| 2019 | 23.3% | 7.3% | 34.8% | 29.37% |
NAV & Total Return History
OAAAX - Holdings
Concentration Analysis
| OAAAX | Category Low | Category High | OAAAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.94 B | 1.43 M | 120 B | 41.11% |
| Number of Holdings | 64 | 4 | 2696 | 32.40% |
| Net Assets in Top 10 | 1.48 B | 1.28 M | 27.7 B | 36.24% |
| Weighting of Top 10 | 75.01% | 19.7% | 118.4% | 54.01% |
Top 10 Holdings
- Invesco Russell 1000 Dynamic Multifactor ETF 13.83%
- Invesco NASDAQ 100 ETF 10.20%
- Invesco Core Bond Fund, Class R6 9.69%
- Invesco SP 500 Pure Value ETF 8.87%
- Invesco Global Fund, Class R6 7.19%
- Invesco Discovery Mid Cap Growth Fund, Class R6 5.93%
- Invesco Main Street Small Cap Fund, Class R6 5.74%
- Invesco Core Plus Bond Fund, Class R6 4.84%
- Invesco Value Opportunities Fund, Class R6 4.79%
- Invesco International Small-Mid Company Fund, Class R6 3.93%
Asset Allocation
| Weighting | Return Low | Return High | OAAAX % Rank | |
|---|---|---|---|---|
| Stocks | 98.95% | 0.00% | 100.10% | 42.51% |
| Cash | 1.24% | 0.00% | 100.00% | 47.74% |
| Convertible Bonds | 0.19% | 0.00% | 26.48% | 80.70% |
| Preferred Stocks | 0.00% | 0.00% | 16.57% | 81.88% |
| Bonds | 0.00% | 0.00% | 102.71% | 85.02% |
| Other | -0.19% | -0.25% | 26.93% | 98.95% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OAAAX % Rank | |
|---|---|---|---|---|
| Technology | 17.67% | 3.31% | 52.93% | 61.75% |
| Financial Services | 14.36% | 0.28% | 52.80% | 60.00% |
| Industrials | 13.49% | 1.16% | 32.55% | 7.72% |
| Consumer Cyclical | 10.48% | 0.00% | 16.01% | 53.68% |
| Healthcare | 9.60% | 0.00% | 36.30% | 94.39% |
| Real Estate | 8.05% | 0.00% | 33.86% | 23.16% |
| Consumer Defense | 6.81% | 0.00% | 14.86% | 49.47% |
| Communication Services | 5.58% | 0.00% | 26.62% | 80.00% |
| Basic Materials | 4.88% | 0.00% | 11.49% | 28.07% |
| Utilities | 4.85% | 0.00% | 31.67% | 16.84% |
| Energy | 4.23% | 0.00% | 29.22% | 62.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OAAAX % Rank | |
|---|---|---|---|---|
| US | 98.95% | 0.00% | 100.10% | 42.51% |
| Non US | 0.00% | 0.00% | 21.17% | 82.23% |
OAAAX - Expenses
Operational Fees
| OAAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.04% | 4.67% | 50.17% |
| Management Fee | 0.09% | 0.00% | 1.25% | 30.66% |
| 12b-1 Fee | 0.24% | 0.00% | 1.00% | 18.56% |
| Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
| OAAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 2.00% | 5.75% | 59.57% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| OAAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| OAAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 16.00% | 4.00% | 236.00% | 16.24% |
OAAAX - Distributions
Dividend Yield Analysis
| OAAAX | Category Low | Category High | OAAAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.54% | 0.00% | 10.22% | 30.66% |
Dividend Distribution Analysis
| OAAAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| OAAAX | Category Low | Category High | OAAAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.64% | -1.12% | 6.07% | 75.18% |
Capital Gain Distribution Analysis
| OAAAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.228 | OrdinaryDividend |
| Dec 20, 2023 | $0.182 | CapitalGainLongTerm |
| Dec 21, 2022 | $0.555 | OrdinaryDividend |
| Dec 21, 2021 | $1.299 | OrdinaryDividend |
| Dec 21, 2020 | $1.845 | OrdinaryDividend |
| Dec 20, 2019 | $0.437 | OrdinaryDividend |
| Dec 20, 2019 | $0.033 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.818 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.238 | OrdinaryDividend |
| Dec 20, 2017 | $0.163 | OrdinaryDividend |
| Dec 21, 2016 | $0.120 | OrdinaryDividend |
| Dec 22, 2015 | $0.182 | OrdinaryDividend |
| Dec 23, 2014 | $0.123 | OrdinaryDividend |
| Dec 31, 2013 | $0.165 | OrdinaryDividend |
| Dec 31, 2012 | $0.147 | OrdinaryDividend |
| Dec 30, 2011 | $0.045 | OrdinaryDividend |
| Dec 31, 2010 | $0.087 | OrdinaryDividend |
| Dec 31, 2009 | $0.088 | OrdinaryDividend |
| Dec 31, 2009 | $0.068 | CapitalGainLongTerm |
| Dec 31, 2008 | $0.019 | CapitalGainShortTerm |
| Dec 31, 2008 | $0.362 | CapitalGainLongTerm |
| Dec 31, 2007 | $0.184 | OrdinaryDividend |
| Dec 31, 2007 | $0.025 | CapitalGainShortTerm |
| Dec 31, 2007 | $0.143 | CapitalGainLongTerm |
| Dec 29, 2006 | $0.003 | CapitalGainShortTerm |
| Dec 29, 2006 | $0.042 | CapitalGainLongTerm |
| Dec 29, 2006 | $0.236 | OrdinaryDividend |
OAAAX - Fund Manager Analysis
Managers
Jeffrey Bennett
Start Date
Tenure
Tenure Rank
Feb 27, 2018
4.26
4.3%
Jeff Bennett is a Senior Portfolio Manager and Head of Manager Selection for the Invesco Investment Solutions team, which provides customized multi-asset investment strategies for institutional and retail clients. Mr. Bennett joined Invesco when the firm combined with OppenheimerFunds in 2019. Prior to joining Invesco, he was a senior portfolio manager and manager due diligence specialist in the OppenheimerFunds Global Multi-Asset Group (GMAG).
Alessio de Longis
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Alessio de Longis, CFA, Portfolio Manager, who has been responsible for the Fund since 2021 and has been associated with Invesco and/or its affiliates since 2019. Prior to joining Invesco, Mr. de Longis has been a Vice President of OppenheimerFunds, Inc. since June 2010. He was an Assistant Vice President of the OppenheimerFunds, Inc. from May 2009 to June 2010, a Senior Research Analyst of OppenheimerFunds, Inc. from January 2008 to June 2010, an Intermediate Research Analyst of OppenheimerFunds, Inc. from January 2006 to January 2008 and a Junior Analyst with OppenheimerFunds, Inc. from February 2004 to January 2006.
Jacob Borbidge
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Blank
Duy Nguyen
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Duy Nguyen serves as Chief Investment Officer and Portfolio Manager for Invesco Global Solutions Development and Implementation. He has been with Invesco since 2000, most recently on the Invesco Global Quantitative Strategies team. Previously, he was assistant vice president and quantitative equity analyst with Van Kampen American Capital, and vice president and director of quantitative services for FactSet Research Systems.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.38 | 2.41 |
