ACEIX — Invesco Equity and Income Fund, Class A
Data updated: 2026-07-30
ACEIX — Invesco Equity and Income Fund, Class A. 0.76% expense ratio · 5.50% max sales load · since 1960. Holdings, fees, performance and SEC filings.
ACEIX Fund Overview
ACEIX — Invesco Equity and Income Fund, Class A is a US mutual fund managed by Aim Counselor Series Trust (invesco Counselor Series Trust), categorised as Income Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim Counselor Series Trust (invesco Counselor Series Trust)
- Category: Income Allocation
- Assets under management: $13.04B
- 1-year return: 18.5%
- Ticker: ACEIX
- SEC CIK: 0001112996
- SEC series ID: S000027808
- Share class ID: C000084366
ACEIX Investment Objective and Strategy
Invesco Equity and Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Counselor Series Trust (invesco Counselor Series Trust).
Investment objective
The Fund’s investment objective is current income
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity and income securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund may invest in securities of issuers of all capitalization sizes; and, a substantial number of the issuers in which the Fund invests are large-capitalization issuers. The Fund invests, under normal circumstances, at least 65% of its net assets in income-producing equity investments, including, dividend paying common or preferred stocks, interest paying convertible debentures or bonds, or zero coupon convertible securities (on which the Fund accrues income for tax and accounting purposes, but receives no cash). The Fund may invest in income-producing equity instruments (subject to the 65% policy above), debt securities and warrants or rights to acquire such securities, in such proportions as economic conditions indicate would best accomplish the Funds objectives.
It is the current operating policy of the Fund to invest in debt securities rated investment grade. This operating policy does not apply to convertible securities, which are selected primarily on the basis of their equity characteristics. The Fund may invest up to 15% of its net assets in real estate investment trusts (REITs). The Fund may invest up to 25% of its net assets in securities of foreign issuers or depositary receipts. The Fund can invest in derivative instruments including forward foreign currency contracts, futures contracts and options. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund can use futures contracts to seek exposure to certain asset classes and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.
The Fund can use options to seek alpha (return on investments in excess of the Russell 1000 Value Index) or to mitigate risk and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. In selecting securities, Invesco Advisers, Inc. (Invesco or the Adviser) focuses on a securitys potential for income with safety of principal and long-term growth of capital. The Adviser emphasizes a value style of investing, which focuses on undervalued companies with characteristics for improved valuations. This catalyst could come from within the company in the form of new management, operational enhancements, restructuring or reorganization. It could also be an external factor, such as an improvement in industry conditions or a regulatory change. The Fund may dispose of a security when the security reaches the Advisers estimate of fair value or when the Adviser identifies a more attractive investment opportunity.
In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.
ACEIX Holdings
Top 10 holdings of Invesco Equity and Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Treasury Portfolio | 3.69% |
| U.S. Treasury Notes/Bonds | 2.65% |
| Amazon.com, Inc. | 2.44% |
| U.S. Treasury Notes/Bonds | 2.33% |
| Invesco Government & Agency Portfolio | 2.01% |
| Alphabet Inc. | 1.98% |
| Wells Fargo & Co. | 1.94% |
| Philip Morris International Inc. | 1.77% |
| Bank of America Corp. | 1.74% |
| Microsoft Corp. | 1.71% |
ACEIX Portfolio Allocation
Asset-class allocation of Invesco Equity and Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 64.6% |
| Fixed Income | 29.4% |
| Cash & Equivalents | 7.2% |
ACEIX Performance
Total returns for ACEIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.84% |
| 1 year | 18.50% |
| 3 years (annualised) | 14.10% |
| 5 years (annualised) | 7.09% |
ACEIX Risk Information
Risk metrics for ACEIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.44%
ACEIX Costs and Fees
ACEIX costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.77%
- Portfolio turnover: 136%
- Brokerage commissions: 1.62 bps of average net assets (SEC N-CEN)
ACEIX Cashflows
Over the 12 months to 2026-05, Invesco Equity and Income Fund had net outflows of $299.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$91.04M |
| 2026-04 | −$92.90M |
| 2026-03 | −$61.43M |
| 2026-02 | −$77.69M |
| 2026-01 | −$96.57M |
| 2025-12 | $536.86M |
ACEIX Debt Constituents
Largest debt holdings of Invesco Equity and Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.S. Treasury Notes/Bonds | 2.65% |
| U.S. Treasury Notes/Bonds | 2.33% |
| U.S. Treasury Notes/Bonds | 1.15% |
| U.S. Treasury Notes/Bonds | 1.04% |
| GS Finance Corp. | 0.84% |
| U.S. Treasury Notes/Bonds | 0.78% |
| GS Finance Corp. | 0.63% |
| Microchip Technology Inc. | 0.62% |
| CenterPoint Energy, Inc. | 0.51% |
| GS Finance Corp. | 0.50% |
ACEIX Prospectus and SEC Filings
Official Invesco Equity and Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-18
- Prospectus (485BPOS) — filed 2024-12-19
- Prospectus (485BPOS) — filed 2023-12-14
- Portfolio holdings (N-PORT) — filed 2026-07-30
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2025-11-14
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other Income Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.