Invesco All Cap Market Neutral Fund
Data updated: 2021-01-14
C000134110 — Invesco All Cap Market Neutral Fund. United States Multi-Cap / All-Cap Value Equity · $6.66M AUM. Holdings, fees, performance and SEC filings.
C000134110 Fund Overview
Invesco All Cap Market Neutral Fund is a US mutual fund managed by Aim Investment Funds (invesco Investment Funds), categorised as United States Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim Investment Funds (invesco Investment Funds)
- Category: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $6.66M
- 1-year return: -16.6%
- SEC CIK: 0000826644
- SEC series ID: S000043328
- Share class ID: C000134110
C000134110 Investment Objective and Strategy
Invesco All Cap Market Neutral Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Investment Funds (invesco Investment Funds).
Investment objective
The Fund seeks to provide a positive return over a full market cycle from a broadly diversified portfolio of stocks while seeking to limit exposure to the general risks associated with stock market investing.
Principal investment strategy
Under normal market conditions, the Fund employs a market neutral strategy designed to produce an investment portfolio that is neutral with respect to general U.S. stock market risk. The Fund implements this strategy by seeking to maintain long and short positions with approximately equal value in different investments within the same market sectors and industries, which is intended to limit the effect of general U.S. stock market movements on the Funds investment portfolio. The Fund seeks to generate returns independent of the direction of the U.S. stock market by buying investments (long positions) with equity exposure that it believes are undervalued and selling short investments (short positions) with equity exposure that it believes are overvalued. The Funds ability to generate positive returns will therefore depend on whether, in a rising market, the Funds long positions increase in value more than the securities underlying the Funds short positions and, in a declining market, whether the securities underlying the Funds short positions decrease in value more than the Funds long positions.
The Funds equity exposure will be achieved through investments in individual stocks and in derivative instruments. A long derivative position involves the Fund buying a derivative with the anticipation of a price increase of the underlying asset and a short derivative position involves the Fund writing (selling) a derivative with the anticipation of a price decrease of the underlying asset. The Funds short positions are achieved primarily through investments in derivative instruments. The Fund seeks to achieve a return that exceeds the Funds benchmark, the FTSE US 3-Month Treasury Bill Index over a full market cycle. As a result of its market neutral strategy, the Fund does not expect that its returns will be closely correlated with the returns (positive or negative) of the particular stock markets in which the Fund invests.
The Fund invests in securities and other investments that have exposure to U.S. issuers of all capitalization sizes. The derivatives in which the Fund will principally invest will include but are not limited to equity-related futures contracts and swap agreements, such as total return swaps. Futures contracts and swap contracts will be used to gain or limit equity market exposure in the jurisdictions in which the Fund invests. The Funds use of derivatives is expected to be significant and greater than most mutual funds. The Fund will seek to achieve its investment objective through the security selection process employed by the Funds portfolio managers whereby, using a proprietary multi-factor model, the portfolio managers evaluate fundamental and behavioral factors to forecast individual security returns and risk and rank these securities based on their attractiveness relative to industry peers.
This process includes evaluating each security in the investment universe based on its momentum, quality and value. Using proprietary portfolio construction and risk management tools, the portfolio managers incorporate these individual security forecasts to construct what they believe is an optimal portfolio comprised of long positions that forecast the highest returns for a specified level of risk and short positions that forecast the lowest returns for a specified level of risk, while attempting to limit the effect of market movements on the Funds investment portfolio. The portfolio managers do not consider the composition of the Funds benchmark when constructing the portfolio. The Funds portfolio managers consider selling a security or other investment, or covering a short position, (1) for risk control purposes, (2) when its forecasted return deteriorates for long positions or when its forecasted return improves for short positions, or (3) when it otherwise no longer responds to Invesco Advisers, Inc.s (Invesco or the Adviser) proprietary model.
In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities.
C000134110 Performance
Total returns for C000134110 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -16.6% |
C000134110 Risk Information
Risk metrics for C000134110, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.8%
C000134110 Costs and Fees
C000134110 costs about $126 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.26%
- Gross expense ratio: 1.31%
- Portfolio turnover: 75%
- Brokerage commissions: 14.61 bps of average net assets (SEC N-CEN)
C000134110 Cashflows
Over the 12 months to 2020-10, Invesco All Cap Market Neutral Fund had net outflows of $47.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-10 | −$1.68M |
| 2020-09 | −$5.41K |
| 2020-08 | −$315.14K |
| 2020-07 | −$41.03M |
| 2020-06 | −$466.06K |
| 2020-05 | $2.67M |
C000134110 Debt Constituents
No individual debt constituents are reported in Invesco All Cap Market Neutral Fund's latest SEC N-PORT filing.
C000134110 Prospectus and SEC Filings
Official Invesco All Cap Market Neutral Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-10
- Prospectus (485BPOS) — filed 2019-03-12
- Prospectus (485BPOS) — filed 2018-03-09
- Portfolio holdings (N-PORT) — filed 2020-12-30
- Portfolio holdings (N-PORT) — filed 2020-09-29
- Portfolio holdings (N-PORT) — filed 2020-06-29
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other United States Multi-Cap / All-Cap Value Equity 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.