Invesco Moderate Allocation Fund
Data updated: 2020-06-01
C000023025 — Invesco Moderate Allocation Fund. Total Return Allocation · $587.09M AUM · 0.69% expense ratio. Holdings, fees, performance and SEC filings.
C000023025 Fund Overview
Invesco Moderate Allocation Fund is a US mutual fund managed by Aim Growth Series (invesco Growth Series), categorised as Total Return 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 Growth Series (invesco Growth Series)
- Category: Total Return Allocation
- Assets under management: $587.09M
- SEC CIK: 0000202032
- SEC series ID: S000000475
- Share class ID: C000023025
C000023025 Investment Objective and Strategy
Invesco Moderate Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Growth Series (invesco Growth Series).
Investment objective
The Fund’s investment objective is total return consistent with a moderate level of risk relative to the broad stock market.
Principal investment strategy
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 PowerShares Capital Management LLC (PowerShares Capital) or mutual funds, ETFs and other pooled investment vehicles advised by unaffiliated advisers (the underlying funds). Invesco and PowerShares Capital are affiliates of each other as they are both indirect wholly-owned subsidiaries of Invesco Ltd. The Funds target allocation is to invest approximately 50%70% of its total assets in underlying funds that invest primarily in equity securities (equity funds), approximately 30%50% of its total assets in underlying funds that invest primarily in fixed-income securities (fixed-income funds) and approximately 5%20% of its total assets in alternative asset classes including underlying funds that invest primarily in commodities and other derivatives.
Approximately 15%30% of the assets that are invested will be allocated to underlying funds that invest primarily in foreign securities. The Fund may also allocate up to 100% of its assets to affiliated or unaffiliated ETFs. The Adviser uses a three-step process to create the Funds portfolio including: (1) a strategic asset allocation by the Adviser among broad asset classes; (2) the actual selection by the Adviser of underlying funds to represent the broad asset classes and the determination by the Adviser of target weightings in these underlying funds; in the case where there are multiple funds in a broad asset class, the Adviser attempts to balance the amount of active risk contributed by each underlying fund in order to determine the allocation; and (3) the ongoing monitoring of the Funds asset class allocations, underlying funds and target weightings in the underlying funds.
Based on the portfolio managers research, the strategic allocations of the portfolios are broadly diversified to gain exposure to areas of the market that the portfolio managers believe may perform well over a full market cycle, including periods of adverse economic environments such as recessions and inflationary growth. The portfolio managers gain exposure to the desired asset class by selecting the most representative funds. The Adviser rebalances the Funds investments in the underlying funds on an annual basis to keep them at their target weightings. Although the Adviser has the ability to rebalance on a more frequent basis if it believes it is appropriate to do so, the Funds asset class weightings may not match the above percentage weightings during a quarter due to market fluctuations, cash flows and other factors.
The Adviser may change the Funds asset class allocations, the underlying funds or the target weightings in the underlying funds without shareholder approval. A list of the underlying funds and their target weightings is located in the Funds SAI. In attempting to meet their investment objectives, certain underlying funds engage in active and frequent trading of portfolio securities.
C000023025 Costs and Fees
C000023025 costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 0.69%
- Portfolio turnover: 33%
- Brokerage commissions: 2.00 bps of average net assets (SEC N-CEN)
C000023025 Cashflows
Over the 12 months to 2020-03, Invesco Moderate Allocation Fund had net inflows of $23.72M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$10.65M |
| 2020-02 | −$7.47M |
| 2020-01 | −$3.62M |
| 2019-12 | $52.42M |
| 2019-11 | −$4.38M |
| 2019-10 | $1.38M |
C000023025 Debt Constituents
No individual debt constituents are reported in Invesco Moderate Allocation Fund's latest SEC N-PORT filing.
C000023025 Prospectus and SEC Filings
Official Invesco Moderate Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-13
- Prospectus (485BPOS) — filed 2019-05-13
- Prospectus (485BPOS) — filed 2018-05-10
- Portfolio holdings (N-PORT) — filed 2020-06-01
- Portfolio holdings (N-PORT) — filed 2020-03-02
- Portfolio holdings (N-PORT) — filed 2019-11-29
- Annual census (N-CEN) — filed 2020-03-16
- Annual census (N-CEN) — filed 2019-03-14
Related Funds
Other Total Return 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.