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Invesco Global Allocation Fund
mutual fund
QVGIX
Payout Change
Pending
Price as of:
$19.92
-0.12
-0.6%
primary theme
N/A
share class
QVGIX (Mutual Fund)
Invesco Global Allocation Fund
Payout Change
Pending
Price as of:
$19.92
-0.12
-0.6%
primary theme
N/A
share class
QVGIX (Mutual Fund)
Invesco Global Allocation Fund
Payout Change
Pending
Price as of:
$19.92
-0.12
-0.6%
primary theme
N/A
share class
Name
As of 12/12/2024Price
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
8.4%
1 yr return
10.7%
3 Yr Avg Return
1.3%
5 Yr Avg Return
5.6%
Net Assets
$1.05 B
Holdings in Top 10
79.6%
52 WEEK LOW AND HIGH
$20.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.46%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
QVGIX - Profile
Distributions
- YTD Total Return 8.4%
- 3 Yr Annualized Total Return 1.3%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.01%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco Global Allocation Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateNov 01, 1991
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlessio de Longis
Fund Description
The Fund seeks to achieve its investment objective by allocating its assets among equity securities, fixed-income securities, and various other types of investments, including exchange-traded funds (ETFs), from all over the world. The Fund will attempt to take advantage of long- and short-term fluctuations in the global markets by allocating its assets across a variety of asset classes. Such allocations may vary significantly from time to time. The Fund may invest in any market that the portfolio managers believe may offer an attractive investment opportunity. This investment flexibility is intended to allow the Fund to respond to, and seek to benefit from, changes in the global economic, political, and social landscape. The portfolio managers will analyze the overall investment opportunities and risks in the global markets and across asset classes in making investment decisions.
Generally, there are no geographic restrictions on where the Fund may invest and no restrictions on the amount of the Fund’s assets that can be invested in either U.S. or foreign securities, including securities of issuers in developing and emerging markets. Generally, during normal market conditions, the Fund will include a mix of equity securities, fixed-income securities, and various other types of investments. At any given time, however, the Fund may emphasize fixed-income securities, equity securities or other types of investments.
The Fund may invest in all types of equity securities, including common stock, preferred stock, convertible securities, rights and warrants, and other securities or instruments whose prices are linked to the value of common stock. 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 invest in debt securities of any kind and of varying duration and maturities. Examples include, but are not limited to, securities that pay a fixed or fluctuating rate of interest, securities convertible into equity securities, securities issued or guaranteed by the U.S. federal and
state governments or by their agencies and instrumentalities, securities issued or guaranteed by foreign governments, international agencies or supranational entities, securities issued or guaranteed by domestic or foreign private issuers, mortgage-backed or other asset-backed securities, inflation-indexed bonds, structured notes, loan assignments and loan participations.
The Fund may invest without limit in below-investment-grade debt securities (commonly referred to as “junk bonds”), including distressed securities. Investment-grade debt securities are rated in one of the top four categories by nationally recognized statistical rating organizations such as Moody’s Investors Service (Moody’s) or S&P Global Ratings (S&P). The Fund may also invest in unrated securities, in which case the Fund’s investment adviser may internally assign ratings to certain of those securities, after assessing their credit quality, in investment-grade or below-investment-grade categories similar to those of nationally recognized statistical rating organizations. There can be no assurance, nor is it intended, that the Adviser’s credit analysis is consistent or comparable with the credit analysis process used by a nationally recognized statistical rating organization.
The portfolio managers may seek to adjust exposures, enhance investment returns, and hedge market risks through the use of short sales and a variety of derivative instruments including, but not limited to, futures, options, forward contracts and swaps. The Fund may invest in the securities of other investment companies, including ETFs, as well as other entities sponsored and/or advised by the investment adviser or an affiliate, subject to the limits of the Investment Company Act of 1940 or any rules thereunder. At times, the Fund’s investments in ETFs may be significant. In addition, the Fund may invest in other types of investments including, but not limited to, commodity futures, event-linked securities, currency-related investments, real estate-related investments and precious metals-related investments.
The Fund may invest up to 25% of its total assets in a Cayman Islands exempted company that is wholly-owned and controlled by the Fund (the Subsidiary). The Subsidiary invests in commodity-linked derivatives (including commodity futures, financial futures, options and swap contracts) and ETFs and other exchange-traded products related to gold or other special minerals (Gold ETFs). The Subsidiary may also invest in certain fixed-income securities and other investments that may serve as margin or collateral for its derivatives positions. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities market returns within the limitations of the federal tax requirements that apply to the Fund. The Subsidiary is subject to the same investment restrictions and guidelines, and follows the same compliance policies and procedures, as the Fund. The Fund’s investment in the Subsidiary may vary based on the portfolio managers’ use of different types of commodity-linked derivatives, fixed-income securities, Gold ETFs, and other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary. Therefore, references in this prospectus to investments by the Fund also may be deemed to include the Fund’s indirect investments through the Subsidiary.
The Fund may invest directly in, or indirectly through the Subsidiary or by means of derivative instruments, securities issued by companies that are involved in mining or processing or dealing in gold or other metals or minerals. These securities are described as “Mining Securities.” The Fund may also invest up to 10% of its total assets in gold or silver bullion, in other precious metals, in metals naturally occurring with precious metals, in certificates representing an ownership interest in those metals, and in gold or silver coins. These investments are referred to as “Metal Investments.”
The Fund may also invest in certain restricted securities including securities that are only eligible for resale pursuant to Rule 144A under the Securities Act of 1933 (referred to as Rule 144A Securities).
The Fund’s holdings may at times differ significantly from the weightings of the indices comprising its custom index (the Custom Index). The Fund’s Custom Index is a customized weighted index currently comprised of the following underlying broad-based security indices: 60% of the MSCI All Country World Index and 40% of the Bloomberg Global Aggregate Bond Index, Hedged. The Fund is not managed to be invested in the same percentages as those indices comprising the Custom Index.
QVGIX - Performance
Return Ranking - Trailing
| Period | QVGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.4% | -23.7% | 16.4% | 75.11% |
| 1 Yr | 10.7% | -8.9% | 48.3% | 75.54% |
| 3 Yr | 1.3%* | -2.2% | 16.4% | 36.75% |
| 5 Yr | 5.6%* | -0.7% | 13.4% | 59.81% |
| 10 Yr | 5.3%* | 0.9% | 11.8% | 50.14% |
* Annualized
Return Ranking - Calendar
| Period | QVGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -40.8% | 20.6% | 84.48% |
| 2022 | -22.2% | -21.0% | 24.5% | 3.42% |
| 2021 | -3.5% | -24.2% | 27.8% | 10.98% |
| 2020 | 14.4% | -23.1% | 11.7% | 90.80% |
| 2019 | 16.3% | -100.0% | 20.6% | 13.90% |
Total Return Ranking - Trailing
| Period | QVGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.4% | -23.7% | 16.4% | 74.03% |
| 1 Yr | 10.7% | -12.8% | 48.3% | 94.07% |
| 3 Yr | 1.3%* | -3.4% | 16.4% | 65.50% |
| 5 Yr | 5.6%* | -1.1% | 13.4% | 80.78% |
| 10 Yr | 5.3%* | 0.9% | 11.8% | 64.64% |
* Annualized
Total Return Ranking - Calendar
| Period | QVGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.6% | -40.8% | 20.6% | 84.48% |
| 2022 | -17.6% | -21.0% | 24.5% | 3.42% |
| 2021 | 10.3% | -24.2% | 27.8% | 10.98% |
| 2020 | 14.4% | -23.1% | 11.7% | 93.30% |
| 2019 | 16.3% | -2.9% | 23.1% | 36.51% |
NAV & Total Return History
QVGIX - Holdings
Concentration Analysis
| QVGIX | Category Low | Category High | QVGIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.05 B | 1.12 M | 110 B | 35.85% |
| Number of Holdings | 319 | 2 | 10961 | 36.33% |
| Net Assets in Top 10 | 835 M | -31.7 M | 22 B | 20.04% |
| Weighting of Top 10 | 79.65% | 10.8% | 100.0% | 4.56% |
Top 10 Holdings
- Invesco Russell 1000 Dynamic Multifactor ETF 20.00%
- U.S. Treasury Notes/Bonds 14.12%
- Invesco International Developed Dynamic Multifactor ETF 14.09%
- U.S. Treasury Notes/Bonds 10.26%
- U.S. Treasury Notes 6.52%
- Invesco Russell 2000 Dynamic Multifactor ETF 6.02%
- Invesco Treasury Portfolio, Institutional Class 2.68%
- Invesco High Yield Bond Factor ETF 2.30%
- U.S. Treasury Notes 2.22%
- Invesco Government Agency Portfolio, Institutional Class 1.44%
Asset Allocation
| Weighting | Return Low | Return High | QVGIX % Rank | |
|---|---|---|---|---|
| Stocks | 61.20% | -45.72% | 98.42% | 52.82% |
| Bonds | 33.12% | -39.76% | 93.84% | 12.32% |
| Cash | 5.68% | -97.12% | 185.58% | 96.66% |
| Convertible Bonds | 0.08% | 0.00% | 25.49% | 76.62% |
| Preferred Stocks | 0.05% | -0.03% | 14.00% | 76.41% |
| Other | -0.05% | -1.25% | 197.12% | 31.32% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QVGIX % Rank | |
|---|---|---|---|---|
| Technology | 18.29% | 0.00% | 39.48% | 8.70% |
| Financial Services | 16.50% | 0.00% | 30.34% | 62.42% |
| Industrials | 12.58% | 0.09% | 32.39% | 44.80% |
| Consumer Cyclical | 12.58% | 0.00% | 20.84% | 27.39% |
| Healthcare | 9.00% | 0.00% | 30.30% | 22.51% |
| Basic Materials | 6.79% | 0.00% | 60.23% | 69.64% |
| Consumer Defense | 6.75% | 0.00% | 31.85% | 18.26% |
| Communication Services | 6.51% | 0.00% | 28.59% | 26.54% |
| Energy | 4.81% | 0.00% | 38.61% | 94.90% |
| Real Estate | 4.11% | 0.00% | 90.14% | 68.58% |
| Utilities | 2.09% | 0.00% | 40.29% | 83.01% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QVGIX % Rank | |
|---|---|---|---|---|
| US | 51.72% | -4.82% | 95.75% | 2.71% |
| Non US | 9.48% | -46.69% | 57.06% | 92.28% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | QVGIX % Rank | |
|---|---|---|---|---|
| Government | 29.70% | 0.00% | 98.64% | 24.63% |
| Corporate | 17.41% | 0.00% | 99.90% | 77.87% |
| Cash & Equivalents | 4.41% | 0.10% | 100.00% | 70.56% |
| Securitized | 0.00% | 0.00% | 83.28% | 79.75% |
| Municipal | 0.00% | 0.00% | 31.28% | 50.73% |
| Derivative | -0.05% | 0.00% | 41.88% | 0.63% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | QVGIX % Rank | |
|---|---|---|---|---|
| US | 33.12% | -177.12% | 87.76% | 4.80% |
| Non US | 0.00% | -39.00% | 137.36% | 83.30% |
QVGIX - Expenses
Operational Fees
| QVGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.46% | 0.16% | 2.71% | 31.73% |
| Management Fee | 0.78% | 0.00% | 1.70% | 76.45% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 25.90% |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| QVGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 0.00% | 5.75% | 41.38% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| QVGIX 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.
| QVGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 441.00% | 33.33% |
QVGIX - Distributions
Dividend Yield Analysis
| QVGIX | Category Low | Category High | QVGIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.09% | 0.00% | 10.92% | 46.15% |
Dividend Distribution Analysis
| QVGIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| QVGIX | Category Low | Category High | QVGIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.01% | -5.20% | 6.33% | 69.28% |
Capital Gain Distribution Analysis
| QVGIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.417 | OrdinaryDividend |
| Dec 14, 2022 | $0.943 | OrdinaryDividend |
| Oct 27, 2022 | $0.049 | CapitalGainLongTerm |
| Dec 21, 2021 | $2.958 | OrdinaryDividend |
| Dec 20, 2018 | $0.015 | CapitalGainShortTerm |
| Dec 20, 2018 | $1.154 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.386 | OrdinaryDividend |
| Dec 21, 2017 | $0.003 | OrdinaryDividend |
| Jun 19, 2017 | $0.019 | OrdinaryDividend |
| Mar 20, 2017 | $0.003 | OrdinaryDividend |
| Dec 22, 2016 | $0.484 | OrdinaryDividend |
| Sep 19, 2016 | $0.013 | OrdinaryDividend |
| Jun 20, 2016 | $0.078 | OrdinaryDividend |
| Mar 21, 2016 | $0.000 | OrdinaryDividend |
| Dec 14, 2015 | $0.183 | OrdinaryDividend |
| Sep 21, 2015 | $0.020 | OrdinaryDividend |
| Jun 15, 2015 | $0.080 | OrdinaryDividend |
| Mar 16, 2015 | $0.020 | OrdinaryDividend |
| Dec 15, 2014 | $0.120 | OrdinaryDividend |
| Sep 15, 2014 | $0.007 | OrdinaryDividend |
| Jun 16, 2014 | $0.064 | OrdinaryDividend |
| Mar 17, 2014 | $0.005 | OrdinaryDividend |
| Dec 16, 2013 | $0.249 | OrdinaryDividend |
| Sep 16, 2013 | $0.027 | OrdinaryDividend |
| Jun 17, 2013 | $0.063 | OrdinaryDividend |
| Mar 18, 2013 | $0.010 | OrdinaryDividend |
| Dec 19, 2012 | $0.076 | OrdinaryDividend |
| Sep 17, 2012 | $0.015 | OrdinaryDividend |
| Jun 18, 2012 | $0.046 | OrdinaryDividend |
| Mar 19, 2012 | $0.016 | OrdinaryDividend |
| Dec 21, 2011 | $0.325 | OrdinaryDividend |
| Sep 19, 2011 | $0.021 | OrdinaryDividend |
| Jun 20, 2011 | $0.082 | OrdinaryDividend |
| Mar 21, 2011 | $0.007 | OrdinaryDividend |
| Dec 29, 2010 | $0.112 | OrdinaryDividend |
| Sep 20, 2010 | $0.040 | OrdinaryDividend |
| Jun 21, 2010 | $0.031 | OrdinaryDividend |
| Mar 15, 2010 | $0.024 | OrdinaryDividend |
| Dec 04, 2009 | $0.013 | OrdinaryDividend |
| Sep 21, 2009 | $0.010 | OrdinaryDividend |
| Jun 15, 2009 | $0.031 | OrdinaryDividend |
| Mar 16, 2009 | $0.047 | OrdinaryDividend |
| Dec 05, 2008 | $0.076 | OrdinaryDividend |
| Sep 22, 2008 | $0.082 | OrdinaryDividend |
| Jun 06, 2008 | $0.064 | OrdinaryDividend |
| Mar 07, 2008 | $0.062 | OrdinaryDividend |
| Dec 07, 2007 | $0.081 | OrdinaryDividend |
| Dec 07, 2007 | $1.656 | CapitalGainShortTerm |
| Dec 07, 2007 | $0.539 | CapitalGainLongTerm |
| Sep 07, 2007 | $0.057 | OrdinaryDividend |
| Jun 08, 2007 | $0.061 | OrdinaryDividend |
| Mar 09, 2007 | $0.061 | OrdinaryDividend |
| Dec 08, 2006 | $0.066 | OrdinaryDividend |
| Dec 08, 2006 | $0.680 | CapitalGainLongTerm |
| Sep 08, 2006 | $0.057 | OrdinaryDividend |
| Mar 10, 2006 | $0.036 | OrdinaryDividend |
| Dec 09, 2005 | $0.071 | OrdinaryDividend |
| Dec 09, 2005 | $0.610 | CapitalGainLongTerm |
| Jun 14, 2004 | $0.013 | OrdinaryDividend |
| Dec 05, 2003 | $0.021 | OrdinaryDividend |
| Sep 05, 2003 | $0.006 | OrdinaryDividend |
| Jun 06, 2003 | $0.022 | OrdinaryDividend |
| Dec 09, 2002 | $0.054 | OrdinaryDividend |
| Sep 06, 2002 | $0.050 | OrdinaryDividend |
| Jun 07, 2002 | $0.050 | OrdinaryDividend |
| Mar 08, 2002 | $0.050 | OrdinaryDividend |
| Dec 10, 2001 | $0.115 | OrdinaryDividend |
| Dec 10, 2001 | $0.080 | CapitalGainShortTerm |
| Dec 10, 2001 | $0.359 | CapitalGainLongTerm |
| Sep 07, 2001 | $0.050 | OrdinaryDividend |
| Jun 08, 2001 | $0.050 | OrdinaryDividend |
| Mar 09, 2001 | $0.050 | OrdinaryDividend |
| Dec 06, 2000 | $0.378 | OrdinaryDividend |
| Dec 06, 2000 | $0.236 | CapitalGainShortTerm |
| Dec 06, 2000 | $0.069 | CapitalGainLongTerm |
| Sep 08, 2000 | $0.050 | OrdinaryDividend |
| Jun 09, 2000 | $0.050 | OrdinaryDividend |
| Mar 10, 2000 | $0.040 | OrdinaryDividend |
| Dec 06, 1999 | $0.139 | OrdinaryDividend |
| Dec 06, 1999 | $0.331 | CapitalGainShortTerm |
| Dec 06, 1999 | $0.047 | CapitalGainLongTerm |
| Sep 10, 1999 | $0.050 | OrdinaryDividend |
| Jun 10, 1999 | $0.055 | OrdinaryDividend |
| Mar 11, 1999 | $0.050 | OrdinaryDividend |
| Nov 25, 1998 | $0.103 | OrdinaryDividend |
| Nov 25, 1998 | $1.148 | CapitalGainShortTerm |
| Nov 25, 1998 | $0.769 | CapitalGainLongTerm |
| Sep 11, 1998 | $0.050 | OrdinaryDividend |
| Jun 12, 1998 | $0.045 | OrdinaryDividend |
| Mar 13, 1998 | $0.050 | OrdinaryDividend |
| Dec 15, 1997 | $0.517 | OrdinaryDividend |
| Dec 15, 1997 | $0.812 | CapitalGainShortTerm |
| Dec 15, 1997 | $0.976 | CapitalGainLongTerm |
| Sep 12, 1997 | $0.050 | OrdinaryDividend |
| Jun 13, 1997 | $0.040 | OrdinaryDividend |
| Mar 19, 1997 | $0.036 | OrdinaryDividend |
QVGIX - Fund Manager Analysis
Managers
Alessio de Longis
Start Date
Tenure
Tenure Rank
Apr 28, 2015
7.1
7.1%
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.
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 |
|---|---|---|---|
| 0.03 | 30.27 | 6.52 | 9.25 |
