Mutual Funds

Invesco Mid Cap Core Equity Fund

Equity | US Equity

Objective & Strategy

The fund seeks long-term growth of capital by focusing on growth-value anomalies – companies with above-average growth prospects that are trading at below-average valuations. The fund may act as a conservative cornerstone within a diversified portfolio.

A Conservative Approach

A diversified strategy that seeks strong upside participation with stronger downside protection over a full market cycle. The fund may serve as a conservative strategy to mid caps in a diversified portfolio.1

Mid cap core and more   Diversification
beyond style boxes
  Attractive results
The investment team focuses on companies with above-average growth prospects that are managed by good stewards of capital and are trading at attractive valuations.   A conservative approach to mid caps in an equity allocation can complement more aggressive, higher-risk managers.

This approach goes beyond traditional style boxes, providing diversification across market cycles.
  The management team seeks to provide investors with solid upside participation coupled with better downside protection.

This strategy aims to add value with less risk versus its benchmark index over full market cycles.2


Footnote(s)

1 The securities of mid-sized companies may be more volatile than securities of large-sized companies.
2 Full market cycles are defined as market high to market high or market low to market low.

Style Map

Invesco Mid Cap Core Equity Fund

The map illustrates areas in which the fund can invest, not necessarily within a limited period of time.

as of 07/31/2015

Morningstar Rating

Overall Rating - Mid-Cap Blend Category

As of 07/31/2015 the Fund had an overall rating of 2 stars out of 351 funds and was rated 2 stars out of 351 funds, 1 stars out of 290 funds and 3 stars out of 182 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effect of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. ©2015 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. A fund is eligible for a Morningstar Rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 07/31/2015

Top Equity Holdings | View all

% of Total Assets
PROGRESSIVE CORP 3.21
FIRST REPUBLIC BANK 3.12
AMPHENOL CORP CL A 2.63
ARCH CAPITAL GROUP LTD 2.62
MOODYS CORP 2.60
STANLEY BLACK & DECKER INC 2.42
NORTHERN TRUST CORP 2.24
BROWN & BROWN INC 2.20
TERADYNE INC 2.19
TORCHMARK CORP 2.13

Holdings are subject to change and are not buy/sell recommendations.

as of 07/31/2015 06/30/2015

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 06/09/1987 N/A 10.77 4.34 4.72 14.63 10.33 6.68
Load 06/09/1987 5.50 10.55 -1.41 -1.05 12.49 9.09 6.08
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

as of 07/31/2015 06/30/2015

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell Midcap IX Tr 0.74 0.10 10.69 19.47 16.77 8.92
S&P 500 Reinvested IX 2.10 1.41 11.21 17.58 16.24 7.72
Russell Midcap IX Tr -2.07 -1.54 6.63 19.26 18.23 9.40
S&P 500 Reinvested IX -1.94 0.28 7.42 17.31 17.34 7.89

Source: FactSet Research Systems Inc.

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.68
12b-1 Fee 0.25
Other Expenses 0.26
Interest/Dividend Exp 0.00
Total Other Expenses 0.26
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.03
Total Annual Fund Operating Expenses 1.22
Contractual Waivers/Reimbursements -0.02
Net Expenses - PER PROSPECTUS 1.20
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.20
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
12/12/2014 0.0015 0.4261 2.3022 22.80
12/13/2013 N/A 0.8657 1.4486 24.22
12/07/2012 0.1200 0.4253 1.2560 21.01
12/09/2011 N/A 0.0202 0.6911 21.26
12/10/2010 0.0147 N/A 0.3835 22.89
12/11/2009 0.0189 N/A N/A 20.54
12/12/2008 0.1759 0.1612 0.6558 15.49
12/14/2007 0.3539 0.0863 4.5564 23.46
12/15/2006 0.2190 0.5943 4.8906 26.27
12/16/2005 N/A 0.5192 1.6957 28.792
12/17/2004 N/A 0.4887 1.4904 28.342
12/13/2002 N/A N/A 0.0250 21.099
12/14/2001 0.0154 0.2328 0.0668 23.195
12/15/2000 N/A 1.8362 1.8058 22.769
12/17/1999 N/A 1.8765 0.4795 21.834
12/18/1998 N/A 0.7671 0.2211 17.84
12/11/1997 N/A 2.2100 0.3470 20.06
12/05/1996 N/A 0.3671 0.9276 20.93
12/22/1995 0.2090 1.8800 0.7000 19.49
12/12/1994 0.0200 1.6500 0.4000 16.76
12/20/1993 N/A N/A 1.3000 16.32
12/21/1992 N/A 1.2400 0.2000 16.49
12/24/1991 0.0100 N/A 0.0400 13.19
12/19/1989 0.1000 0.4200 0.1500 11.98
12/19/1988 N/A 0.7500 N/A 8.72
as of 07/31/2015

Sector Breakdown

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

as of 07/31/2015

Fund Characteristics

3-Year Alpha -1.44%
3-Year Beta 0.85
3-Year R-Squared 0.89
3-Year Sharpe Ratio 1.74
3-Year Standard Deviation 8.39
Number of Securities 56
Total Assets $2,321,965,782.00
Wghtd Med Mkt Cap MM$ $9,348.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Russell Midcap IX Tr

as of 07/31/2015

Top Equity Holdings | View all

% of Total Assets
PROGRESSIVE CORP 3.21
FIRST REPUBLIC BANK 3.12
AMPHENOL CORP CL A 2.63
ARCH CAPITAL GROUP LTD 2.62
MOODYS CORP 2.60
STANLEY BLACK & DECKER INC 2.42
NORTHERN TRUST CORP 2.24
BROWN & BROWN INC 2.20
TERADYNE INC 2.19
TORCHMARK CORP 2.13

Holdings are subject to change and are not buy/sell recommendations.

as of 07/31/2015

Top Industries

  % of Total Assets
Industrial Machinery 7.09
Property & Casualty Insurance 5.83
Specialty Chemicals 5.78
Life & Health Insurance 4.20
Semiconductor Equipment 3.96
Semiconductors 3.42
Communications Equipment 3.39
Regional Banks 3.12
Oil & Gas Exploration & Production 3.07
Electronic Components 2.63

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

 About risk

Cash/Cash Equivalents Risk. Holding cash or cash equivalents may negatively affect performance.

Derivatives Risk. The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund's returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund's ability to use certain derivatives or their cost. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.

Developing/Emerging Markets Securities Risk. The prices of securities issued by foreign companies and governments located in developing/emerging market countries may be affected more negatively by inflation, devaluation of their currencies, higher transaction costs, delays in settlement, adverse political developments, the introduction of capital controls, withholding taxes, nationalization of private assets, expropriation, social unrest, war or lack of timely information than those in developed countries.

Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.

Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.

Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.

Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price.

as of 09/02/2015

GTAGX

NAV Change ($)
$23.15 0.35
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.

Fund Details

  • Distribution Frequency Annually
  • NASDAQ GTAGX
  • WSJ Abrev. MidCpCEq
  • CUSIP 00141M812
  • Fund Type Equity
  • Geography Type Domestic
  • Inception Date 06/09/1987
  • Fiscal Year End 12/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1546
  • Tax ID 94-6602729

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