GTNRX — Invesco Global Low Volatility Equity Yield Fund
Data updated: 2025-03-17
GTNRX — Invesco Global Low Volatility Equity Yield Fund. Developed ex-US Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
GTNRX Fund Overview
GTNRX — Invesco Global Low Volatility Equity Yield Fund is a US mutual fund managed by Aim Growth Series (invesco Growth Series), categorised as Developed ex-US Multi-Cap / All-Cap Blend / Core 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 Growth Series (invesco Growth Series)
- Category: Developed ex-US Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $55.73M
- 1-year return: 6.5%
- Ticker: GTNRX
- SEC CIK: 0000202032
- SEC series ID: S000000473
- Share class ID: C000029641
GTNRX Investment Objective and Strategy
Invesco Global Low Volatility Equity Yield 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 income and long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, 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 depositary receipts of U.S. and foreign issuers. The principal types of equity securities in which the Fund invests are common and preferred stocks. The Fund may also invest in real estate investment trusts (REITs) of domestic and foreign issuers. Under normal circumstances, the Fund will provide exposure to investments that are economically tied to at least three different countries, including the U.S. The Fund may also invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles.
The Fund will invest in derivative instruments including futures contracts and forward foreign currency contracts. The Fund can use futures contracts, including index futures, to gain exposure to the broad market in connection with managing cash balances. The Fund also will use futures contracts, including currency futures, and forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund intends to use currency futures and forward foreign currency contracts primarily to hedge all or substantially all of its foreign currency exposure to the U.S. dollar. The Fund seeks to provide a higher level of income (before taxes) than the Custom Invesco Global Low Volatility Equity Yield Index (the benchmark index) while still achieving the highest return available given a lower volatility target over a full market cycle.
The Fund will attempt to do this through its security selection process where the portfolio managers systematically evaluate fundamental and behavioral factors to forecast individual security returns and rank these securities based on their attractiveness relative to industry and country peers. This process includes evaluating each security based on its earnings expectations, market sentiment, management and quality and value. Using proprietary portfolio construction and risk management tools, the portfolio managers incorporate these individual security forecasts to construct an optimal portfolio of stocks and other investments. The portfolio managers do not consider the composition of the Funds benchmark index when constructing the portfolio. The portfolio managers believe that the lack of benchmark index relative constraints allows for a higher level of return to be achieved while targeting lower total risks (volatility) over a full market cycle relative to the benchmark index.
The portfolio managers will consider selling or reducing a security position (i) if the forecasted return of a security becomes less attractive relative to industry peers or (ii) if a particular securitys risk profile changes.
GTNRX Holdings
Top 10 holdings of Invesco Global Low Volatility Equity Yield Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Treasury Portfolio | 13.45% |
| Invesco Government & Agency Portfolio | 7.25% |
| iShares Core MSCI Emerging Markets ETF | 4.48% |
| Invesco Private Prime Fund | 3.28% |
| Invesco Private Government Fund | 1.26% |
| Royal Bank of Canada | 1.21% |
| Novartis AG | 1.16% |
| Deutsche Telekom AG | 1.04% |
| Novo Nordisk A/S | 1.03% |
| Canadian Imperial Bank of Commerce | 1.02% |
GTNRX Portfolio Allocation
Asset-class allocation of Invesco Global Low Volatility Equity Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 74.2% |
| Cash & Equivalents | 25.2% |
| Fixed Income | 5.5% |
GTNRX Performance
Total returns for GTNRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.5% |
| 3 years (annualised) | 1.8% |
| 5 years (annualised) | 2.7% |
GTNRX Risk Information
Risk metrics for GTNRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.0%
GTNRX Costs and Fees
GTNRX costs about $154 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.54%
- Gross expense ratio: 1.96%
- Portfolio turnover: 49%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
GTNRX Cashflows
Over the 12 months to 2024-12, Invesco Global Low Volatility Equity Yield Fund had net outflows of $2.93M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$362.08K |
| 2024-11 | −$28.05K |
| 2024-10 | −$162.46K |
| 2024-09 | $64.43K |
| 2024-08 | −$1.11M |
| 2024-07 | −$109.97K |
GTNRX Debt Constituents
Largest debt holdings of Invesco Global Low Volatility Equity Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Royal Bank of Canada | 1.21% |
| Canadian Imperial Bank of Commerce | 1.02% |
| J.P. Morgan Structured Products B.V. | 0.93% |
| Toronto-Dominion Bank (The) | 0.71% |
| Citigroup Global Markets Holdings Inc. | 0.40% |
| Mizuho Markets Cayman L.P. | 0.36% |
| BNPP Issuance B.V. | 0.32% |
| Royal Bank of Canada | 0.28% |
| J.P. Morgan Structured Products B.V. | 0.26% |
| Bank of Montreal | 0.05% |
GTNRX Prospectus and SEC Filings
Official Invesco Global Low Volatility Equity Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-25
- Prospectus (485BPOS) — filed 2023-04-27
- Prospectus supplement (497) — filed 2023-10-25
- Portfolio holdings (N-PORT) — filed 2025-02-26
- Portfolio holdings (N-PORT) — filed 2024-11-29
- Portfolio holdings (N-PORT) — filed 2024-08-28
- Annual census (N-CEN) — filed 2025-03-17
- Annual census (N-CEN) — filed 2024-03-13
Related Funds
Other Developed ex-US Multi-Cap / All-Cap Blend / Core 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.