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Invesco Advantage International Fund
mutual fund
QMGIX
Payout Change
Pending
Price as of:
$11.5
-0.12
-1.03%
primary theme
International Large-Cap Blend Equity
share class
QMGIX (Mutual Fund)
Invesco Advantage International Fund
Payout Change
Pending
Price as of:
$11.5
-0.12
-1.03%
primary theme
International Large-Cap Blend Equity
share class
QMGIX (Mutual Fund)
Invesco Advantage International Fund
Payout Change
Pending
Price as of:
$11.5
-0.12
-1.03%
primary theme
International Large-Cap Blend Equity
share class
Name
As of 12/10/2024Price
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
9.3%
1 yr return
12.4%
3 Yr Avg Return
0.8%
5 Yr Avg Return
4.3%
Net Assets
$31.5 M
Holdings in Top 10
25.0%
52 WEEK LOW AND HIGH
$11.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
QMGIX - Profile
Distributions
- YTD Total Return 9.3%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.14%
- Dividend Yield 5.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco Advantage International Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateAug 27, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Ahnrud
Fund Description
The Fund seeks to achieve its investment objective by investing mainly in a broad range of international equity securities and other types of investments, including derivatives. Invesco Advisers, Inc.’s (Invesco or the Adviser) Global Asset Allocation (GAA) Team evaluates market conditions regularly to determine investments for the portfolio that the team expects to perform well based on an evaluation of the market environment. As part of its evaluation, the GAA Team considers, among other things, certain factors such as earnings quality and profitability, price momentum, valuation metrics, market capitalization and historical volatility. The GAA Team may also invest in the securities comprising one or more factor indices when determining the Fund’s exposure to a particular factor.
The Fund may invest without limit in all types of equity securities, including common stock, depositary receipts, and other securities or instruments whose prices are linked to the value of common stock.
There are no restrictions on where the Fund may invest geographically or on the amount of the Fund’s assets that can be invested in foreign securities, including with respect to securities of issuers in developing and emerging markets (i.e., those that are generally in the early stages of their industrial cycles). Under normal market conditions, the Fund will invest in securities of issuers located in different countries throughout the world. The Fund normally invests in securities of issuers located in at least three countries outside the United States. The Fund may invest in securities denominated in U.S. dollars or local foreign currencies. The Fund does not limit its investments to issuers in a particular market capitalization range and at times may invest a substantial portion of its assets in one or more particular market capitalization ranges. The Fund may, from time to time, invest a substantial portion of its assets in a particular industry or sector.
The Fund may also invest in the securities of other investment companies, including exchange-traded funds (ETFs), subject to any limitations imposed by the Investment Company Act of 1940, as amended (1940 Act), or any rules thereunder, in order to obtain exposure to the asset classes, investment strategies and types of securities it seeks to invest in. These may include investment companies that are sponsored and/or advised by the Adviser or an affiliate, as well as non-affiliated investment companies.
The Fund may use leverage through the use of derivatives, borrowing and other leveraging strategies in an attempt to enhance the Fund’s returns. Leverage occurs when the investments in derivatives create greater economic exposure than the amount invested. Using derivatives often allows the portfolio managers to implement their views more efficiently and to gain more exposure to an asset class than investing in more traditional assets such as stocks would allow. The Fund may gain exposure to equity investments through listed and over-the-counter options. The Fund may also use derivatives to seek income or capital gain, to hedge market risks or hedge against the risks of other investments, to hedge foreign currency exposure, or as a substitute for direct investment in a particular asset class, investment strategy or security type. The Fund’s use of derivatives may involve the purchase and sale of swaps (including equity index swaps), futures (including equity index futures), options (including writing (selling) put and call options on equities, equity indices and ETFs), forward foreign currency contracts and other related instruments and techniques. The Fund can take long positions in investments that are believed to be undervalued and short positions in investments that are believed to be overvalued or which are established for hedging purposes, including long and short positions in equities and equity-sensitive convertibles, derivatives or other types of securities. The Fund’s use of derivatives and the leveraged investment exposure created by the use of derivatives are expected to be significant.
The Fund’s overall long or short positioning can vary based on market and economic conditions, and the Fund may take both long and short positions simultaneously. The Fund can seek to take advantage of arbitrage opportunities in equity, debt, currency and currency prices and market volatility.
The Fund may hold significant levels of cash and cash equivalent instruments, including affiliated money market funds, as margin or collateral for the Fund’s obligations under derivatives transactions. The Fund’s portfolio managers may consider selling a security or other investment, or taking an off-setting long position, (1) for risk control purposes, (2) when its income or potential for return deteriorates or (3) when it otherwise no longer meets Invesco’s investment selection criteria.
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.
QMGIX - Performance
Return Ranking - Trailing
| Period | QMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -3.6% | 30.8% | 35.07% |
| 1 Yr | 12.4% | -1.8% | 40.3% | 58.77% |
| 3 Yr | 0.8%* | -13.5% | 48.0% | 80.46% |
| 5 Yr | 4.3%* | -34.2% | 75.0% | 86.42% |
| 10 Yr | N/A* | 1.2% | 32.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | QMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.2% | -1.4% | 22.0% | 99.22% |
| 2022 | -11.3% | -43.6% | 71.3% | 5.12% |
| 2021 | -6.4% | -28.5% | 18.9% | 92.36% |
| 2020 | 12.1% | -90.1% | 992.1% | 28.76% |
| 2019 | 20.4% | -1.9% | 38.8% | 40.07% |
Total Return Ranking - Trailing
| Period | QMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -3.6% | 30.8% | 35.07% |
| 1 Yr | 12.4% | -1.8% | 40.3% | 58.77% |
| 3 Yr | 0.8%* | -13.5% | 48.0% | 80.46% |
| 5 Yr | 4.3%* | -34.2% | 75.0% | 86.42% |
| 10 Yr | N/A* | 1.2% | 32.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | QMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.3% | 3.2% | 23.8% | 99.06% |
| 2022 | -11.3% | -43.6% | 144.8% | 12.48% |
| 2021 | 6.8% | -22.6% | 56.0% | 81.63% |
| 2020 | 12.1% | -89.7% | 1010.8% | 36.12% |
| 2019 | 21.1% | 4.3% | 38.8% | 70.74% |
NAV & Total Return History
QMGIX - Holdings
Concentration Analysis
| QMGIX | Category Low | Category High | QMGIX % Rank | |
|---|---|---|---|---|
| Net Assets | 31.5 M | 3.3 M | 425 B | 93.92% |
| Number of Holdings | 427 | 1 | 10481 | 26.21% |
| Net Assets in Top 10 | 8.08 M | 1.01 M | 47.5 B | 93.60% |
| Weighting of Top 10 | 24.96% | 4.6% | 147.7% | 43.17% |
Top 10 Holdings
- U.S. Treasury Bills 4.65%
- Invesco Treasury Portfolio, Institutional Class 4.43%
- Taiwan Semiconductor Manufacturing Co. Ltd., ADR 3.39%
- Novo Nordisk A/S, Class B 2.42%
- Invesco Government Agency Portfolio, Institutional Class 2.38%
- ASML Holding N.V. 2.35%
- Hitachi, Ltd. 1.52%
- Samsung Electronics Co., Ltd. 1.28%
- SAP SE 1.28%
- Shell PLC 1.25%
Asset Allocation
| Weighting | Return Low | Return High | QMGIX % Rank | |
|---|---|---|---|---|
| Stocks | 82.66% | 0.00% | 102.63% | 97.19% |
| Cash | 10.91% | 0.00% | 44.84% | 3.90% |
| Bonds | 4.65% | 0.00% | 95.29% | 2.81% |
| Preferred Stocks | 1.15% | -0.05% | 6.89% | 15.13% |
| Other | 0.63% | -2.12% | 47.54% | 17.16% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 85.76% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QMGIX % Rank | |
|---|---|---|---|---|
| Financial Services | 16.29% | 0.00% | 47.75% | 71.52% |
| Healthcare | 15.52% | 0.00% | 20.35% | 11.36% |
| Technology | 13.07% | 0.00% | 36.32% | 34.08% |
| Industrials | 11.45% | 5.17% | 99.49% | 84.32% |
| Consumer Cyclical | 10.27% | 0.00% | 36.36% | 52.16% |
| Consumer Defense | 9.58% | 0.00% | 32.29% | 46.24% |
| Communication Services | 8.71% | 0.00% | 21.69% | 14.56% |
| Basic Materials | 7.13% | 0.00% | 23.86% | 70.56% |
| Energy | 3.69% | 0.00% | 16.89% | 72.80% |
| Utilities | 2.75% | 0.00% | 13.68% | 51.20% |
| Real Estate | 1.54% | 0.00% | 14.59% | 58.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QMGIX % Rank | |
|---|---|---|---|---|
| Non US | 74.80% | 0.00% | 99.44% | 86.90% |
| US | 7.86% | 0.00% | 102.01% | 43.21% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | QMGIX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 6.81% | -1.87% | 100.00% | 9.20% |
| Corporate | 1.05% | 0.00% | 100.00% | 13.94% |
| Derivative | 0.63% | -2.12% | 47.54% | 7.33% |
| Securitized | 0.00% | 0.00% | 47.51% | 84.93% |
| Municipal | 0.00% | 0.00% | 0.17% | 84.93% |
| Government | 0.00% | 0.00% | 44.25% | 86.06% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | QMGIX % Rank | |
|---|---|---|---|---|
| US | 4.65% | 0.00% | 87.90% | 2.81% |
| Non US | 0.00% | 0.00% | 8.52% | 85.80% |
QMGIX - Expenses
Operational Fees
| QMGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.45% | 0.01% | 19.62% | 23.13% |
| Management Fee | 0.49% | 0.00% | 1.65% | 34.38% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| QMGIX 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% | 4.00% | N/A |
Trading Fees
| QMGIX 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.
| QMGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 247.00% | 97.85% |
QMGIX - Distributions
Dividend Yield Analysis
| QMGIX | Category Low | Category High | QMGIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.95% | 0.00% | 17.49% | 3.12% |
Dividend Distribution Analysis
| QMGIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| QMGIX | Category Low | Category High | QMGIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.14% | -0.93% | 6.38% | 32.16% |
Capital Gain Distribution Analysis
| QMGIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.573 | OrdinaryDividend |
| Dec 16, 2021 | $1.660 | OrdinaryDividend |
| Dec 15, 2020 | $0.009 | CapitalGainLongTerm |
| Dec 20, 2019 | $0.063 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.583 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.211 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.076 | OrdinaryDividend |
| Dec 20, 2016 | $0.518 | OrdinaryDividend |
| Dec 29, 2015 | $0.054 | OrdinaryDividend |
| Dec 15, 2015 | $0.040 | OrdinaryDividend |
| Dec 15, 2015 | $0.000 | CapitalGainLongTerm |
QMGIX - Fund Manager Analysis
Managers
Mark Ahnrud
Start Date
Tenure
Tenure Rank
Jun 21, 2019
2.95
3.0%
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
Jun 21, 2019
2.95
3.0%
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.
Christian Ulrich
Start Date
Tenure
Tenure Rank
Jun 21, 2019
2.95
3.0%
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.
Chris Devine
Start Date
Tenure
Tenure Rank
Jun 21, 2019
2.95
3.0%
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.
John Burrello
Start Date
Tenure
Tenure Rank
Jun 21, 2019
2.95
3.0%
Scott Hixon
Start Date
Tenure
Tenure Rank
Jun 21, 2019
2.95
3.0%
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 aude from Georgia Southern University. He earned an M.B.A. in finance from Georgia State University. Mr. Hixon is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.32 | 3.25 |
