PKTEX — Invesco Peak RetirementTM 2025 Fund

Data updated: 2023-03-15

PKTEX — Invesco Peak RetirementTM 2025 Fund. Target Date / Glide Path Allocation · $9.02M AUM. Holdings, fees, performance and SEC filings.

PKTEX Fund Overview

PKTEX — Invesco Peak RetirementTM 2025 Fund is a US mutual fund managed by Aim Growth Series (invesco Growth Series), categorised as Target Date / Glide Path 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: Target Date / Glide Path Allocation
Assets under management: $9.02M
1-year return: -14.9%
Ticker: PKTEX
SEC CIK: 0000202032
SEC series ID: S000060033
Share class ID: C000196572

PKTEX Investment Objective and Strategy

Invesco Peak RetirementTM 2025 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 over time, consistent with its strategic target allocation.

Principal investment strategy

The Fund is a fund of funds and invests its assets in some combination of underlying mutual funds, exchange-traded funds or other pooled investment vehicles (collectively, the Underlying Funds), which are advised by Invesco Advisers, Inc. (Invesco or the Adviser), Invesco PowerShares Capital Management LLC (PowerShares Capital) or other unaffiliated advisers and are either actively or passively managed. Invesco and PowerShares Capital are affiliates of each other as they are both indirect wholly-owned subsidiaries of Invesco Ltd. The Fund is designed to provide exposure to a number of asset classes through investments in the Underlying Funds and the Funds allocation will evolve over time. The Underlying Funds provide exposure to the following asset classes: U.S. equity; international equity; fixed income; alternatives; and cash.

The equity Underlying Funds are diversified across a wide range of market capitalizations and segments, including emerging markets, and employ various investment strategies and styles such as growth, value, and managed volatility. The fixed income Underlying Funds encompass a wide range of fixed income sectors, including U.S. Government obligations, corporate investment grade and below investment grade bonds (commonly known as junk bonds), inflation-protected bonds, foreign debt, and floating rate loans. The alternative Underlying Funds include those that provide exposure to commodities, real estate and other non-traditional investments, and those that employ multi-asset, long-short, market neutral or other tactical investment strategies. The Fund is designed for investors expecting to retire and/or begin withdrawing funds around the target retirement date stated in its name.

The Fund follows a glide path that adjusts the combination of Underlying Funds to become more conservative as the Fund approaches its target retirement date and thereafter. Specifically, the Fund is designed to provide higher equity exposure further out from its target retirement date; the higher equity exposure will decrease as exposure to fixed income, alternatives and cash increases closer to the target retirement date. The Funds long-term glide path as of the date of this prospectus is set forth in the table below. The table reflects the target asset class exposures that the Funds allocation to the Underlying Funds will provide. The Adviser may make tactical adjustments to the target asset class exposures but does not expect the Funds allocation to the target asset class exposures to vary by more than +/-15%; however, the Adviser may determine that a greater degree of variation is warranted to protect the Fund or achieve its investment objective.

The actual asset class exposures for the Fund may differ from those shown in the chart below due to market fluctuations, cash flows and other factors. The Adviser will continue to manage the Fund for approximately 5 years after the Fund reaches its target retirement date and the Fund will not reach its lowest strategic target allocation to equities until 5 years past the Funds target retirement date. Approximately 5 years after the Fund reaches its target retirement date, the Fund may be combined with other funds in a single portfolio, the Invesco Peak Retirement TM Now Fund, with an investment allocation that will not evolve beyond the allocation in effect at that point in time. The Board of Trustees of the Fund may effect this combination without a shareholder vote by determining that it is in the best interests of Fund shareholders.

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 Funds strategic asset allocations 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 what they believe to be the most representative Underlying Funds. The Adviser rebalances the Funds investments in the Underlying Funds periodically to keep them at their target weightings. 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. An investment in the Fund is not guaranteed, and you may experience losses, including near to, at, or after the target date. There is no guarantee that the Fund will provide adequate income at or through your retirement. In attempting to meet their investment objectives, certain Underlying Funds engage in active and frequent trading of portfolio securities.

PKTEX Performance

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

Period	Total return
1 year	-14.9%
3 years (annualised)	0.9%

PKTEX Risk Information

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

1-year volatility (annualised): 13.0%

PKTEX Costs and Fees

PKTEX costs about $49 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.49%
Gross expense ratio: 1.31%
Portfolio turnover: 46%
Brokerage commissions: 2.12 bps of average net assets (SEC N-CEN)

PKTEX Cashflows

Over the 12 months to 2022-12, Invesco Peak RetirementTM 2025 Fund had net outflows of $11.08M, from monthly SEC N-PORT filings.

Month	Net flow
2022-12	−$6.67M
2022-11	−$5.77M
2022-10	−$868.26K
2022-09	−$51.83K
2022-08	$68.37K
2022-07	−$277.66K

PKTEX Debt Constituents

No individual debt constituents are reported in Invesco Peak RetirementTM 2025 Fund's latest SEC N-PORT filing.

PKTEX Prospectus and SEC Filings

Official Invesco Peak RetirementTM 2025 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Target Date / Glide Path 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.