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Trending ETFs

Invesco Global Allocation Fund

mutual fund
QVGIX
Payout Change
Pending
Price as of:
$19.76 -0.04 -0.2%
primary theme
N/A
QVGIX (Mutual Fund)

Invesco Global Allocation Fund

Payout Change
Pending
Price as of:
$19.76 -0.04 -0.2%
primary theme
N/A
QVGIX (Mutual Fund)

Invesco Global Allocation Fund

Payout Change
Pending
Price as of:
$19.76 -0.04 -0.2%
primary theme
N/A

Name

As of 10/10/2024

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

$19.76

$1.05 B

2.11%

$0.42

1.46%

Vitals

YTD Return

7.5%

1 yr return

17.0%

3 Yr Avg Return

1.7%

5 Yr Avg Return

6.3%

Net Assets

$1.05 B

Holdings in Top 10

79.6%

52 WEEK LOW AND HIGH

$19.8
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 10/10/2024

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

$19.76

$1.05 B

2.11%

$0.42

1.46%

QVGIX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Invesco Global Allocation Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Nov 01, 1991
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alessio 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.
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QVGIX - Performance

Return Ranking - Trailing

Period QVGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -23.7% 16.4% 75.11%
1 Yr 17.0% -8.9% 48.3% 75.54%
3 Yr 1.7%* -2.2% 16.4% 36.75%
5 Yr 6.3%* -0.7% 13.4% 59.81%
10 Yr 5.4%* 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 7.5% -23.7% 16.4% 74.03%
1 Yr 17.0% -12.8% 48.3% 94.07%
3 Yr 1.7%* -3.4% 16.4% 65.50%
5 Yr 6.3%* -1.1% 13.4% 80.78%
10 Yr 5.4%* 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

  1. Invesco Russell 1000 Dynamic Multifactor ETF 20.00%
  2. U.S. Treasury Notes/Bonds 14.12%
  3. Invesco International Developed Dynamic Multifactor ETF 14.09%
  4. U.S. Treasury Notes/Bonds 10.26%
  5. U.S. Treasury Notes 6.52%
  6. Invesco Russell 2000 Dynamic Multifactor ETF 6.02%
  7. Invesco Treasury Portfolio, Institutional Class 2.68%
  8. Invesco High Yield Bond Factor ETF 2.30%
  9. U.S. Treasury Notes 2.22%
  10. 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 2.11% 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

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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