Invesco Long/Short Equity Fund

Data updated: 2020-09-29

C000134125 — Invesco Long/Short Equity Fund. United States Value Equity · $36.80M AUM · 1.59% expense ratio. Holdings, fees, performance and SEC filings.

C000134125 Fund Overview

Invesco Long/Short Equity Fund is a US mutual fund managed by Aim Investment Funds (invesco Investment Funds), categorised as United States 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 Value Equity
Assets under management: $36.80M
1-year return: -24.8%
SEC CIK: 0000826644
SEC series ID: S000043331
Share class ID: C000134125

C000134125 Investment Objective and Strategy

Invesco Long/Short Equity 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's investment objective is to seek long-term capital appreciation.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing in long positions of equities that are believed to be undervalued, in short positions of equities that are believed to be overvalued and in equity-related derivative instruments. A long position is established when the portfolio managers anticipate a price increase in the asset and a short position is established when the portfolio managers anticipate a price decrease in the asset. Short sales involve selling a security that the Fund does not own in the hopes of purchasing the same security at a later date at a lower price to close out the short position. The Fund will be managed with a net long exposure bias but has the ability to have net short exposure. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and in derivatives and other instruments that have economic characteristics similar to such securities.

The Fund invests primarily in equity securities and other investments that have exposure to U.S. large-capitalization issuers and may invest in securities and other investments that have exposure to small- and mid-capitalization issuers. The principal type of equity securities in which the Fund invests is common stock. In addition to holding equities long and selling equities short, the Fund will use derivative instruments to obtain exposure to long and short positions. The derivative instruments 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. The Fund will seek to achieve its investment objective through its security selection process where the portfolio managers, using a proprietary multi-factor model, 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. The Fund seeks to add value secondarily by dynamically changing the level of its beta, or market exposure. 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 of long positions and short positions that generally maintains a long bias. 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 engages in active and frequent trading of portfolio securities.

C000134125 Performance

Total returns for C000134125 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-24.8%

C000134125 Risk Information

Risk metrics for C000134125, derived from monthly returns in SEC filings.

1-year volatility (annualised): 10.2%

C000134125 Costs and Fees

C000134125 costs about $159 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.59%
Gross expense ratio: 1.66%
Portfolio turnover: 92%
Brokerage commissions: 4.53 bps of average net assets (SEC N-CEN)

C000134125 Cashflows

Over the 12 months to 2020-07, Invesco Long/Short Equity Fund had net outflows of $5.67M, from monthly SEC N-PORT filings.

Month	Net flow
2020-07	−$702.64K
2020-06	−$503.78K
2020-05	−$443.25K
2020-04	−$1.89M
2020-03	−$801.84K
2020-02	−$712.55K

C000134125 Debt Constituents

No individual debt constituents are reported in Invesco Long/Short Equity Fund's latest SEC N-PORT filing.

C000134125 Prospectus and SEC Filings

Official Invesco Long/Short Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other United States 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.