PKTWX — Invesco Peak RetirementTM Now Fund
Data updated: 2023-03-15
PKTWX — Invesco Peak RetirementTM Now Fund. Target Date / Glide Path Allocation · $3.34M AUM. Holdings, fees, performance and SEC filings.
PKTWX Fund Overview
PKTWX — Invesco Peak RetirementTM Now 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: $3.34M
- 1-year return: -10.4%
- Ticker: PKTWX
- SEC CIK: 0000202032
- SEC series ID: S000060031
- Share class ID: C000196560
PKTWX Investment Objective and Strategy
Invesco Peak RetirementTM Now 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. 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 who are currently retired and/or withdrawing funds, or plan in the near future to retire and/or withdraw funds, as indicated by the Retirement Now designation in its name. Because the Fund is in its most conservative phase and is designed for investors who have already reached their target retirement date, its strategic allocation generally does not become more conservative over time but rather remains static.
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. Other Invesco Peak Retirement TM Funds may be combined with the Fund approximately 5 years after such Invesco Peak Retirement TM Funds reach their target retirement dates.
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.
PKTWX Performance
Total returns for PKTWX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -10.4% |
| 3 years (annualised) | 0.5% |
PKTWX Risk Information
Risk metrics for PKTWX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.0%
PKTWX Costs and Fees
PKTWX costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 3.81%
- Portfolio turnover: 48%
- Brokerage commissions: 2.75 bps of average net assets (SEC N-CEN)
PKTWX Cashflows
Over the 12 months to 2022-12, Invesco Peak RetirementTM Now Fund had net outflows of $929.32K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | −$747.83K |
| 2022-11 | −$875.55K |
| 2022-10 | $386.34K |
| 2022-09 | −$19.55K |
| 2022-08 | $172.07K |
| 2022-07 | −$120.82K |
PKTWX Debt Constituents
No individual debt constituents are reported in Invesco Peak RetirementTM Now Fund's latest SEC N-PORT filing.
PKTWX Prospectus and SEC Filings
Official Invesco Peak RetirementTM Now Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-05-13
- Portfolio holdings (N-PORT) — filed 2023-02-28
- Portfolio holdings (N-PORT) — filed 2022-11-25
- Portfolio holdings (N-PORT) — filed 2022-08-19
- Annual census (N-CEN) — filed 2023-03-15
- Annual census (N-CEN) — filed 2022-03-16
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.