Invesco Global Low Volatility Equity Yield Fund

Equity | International and Global Equity

Objective & Strategy

The fund seeks to provide income and long-term growth of capital by investing at least 80% of its assets in equity securities and in derivatives and other instruments that have economic characteristics similar to such securities.

as of 09/30/2019

Morningstar Rating

Overall Rating - World Large Stock Category

As of 09/30/2019 the Fund had an overall rating of 2 stars out of 727 funds and was rated 1 stars out of 727 funds, 1 stars out of 599 funds and 2 stars out of 368 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, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 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. 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. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 09/30/2019

Top Equity Holdings | View all

% of Total Assets
Next 1.68
Entergy 1.67
FirstEnergy 1.63
Loomis AB 1.61
Merck KGaA 1.55
Mitsui 1.55
Empire 1.54
Wolters Kluwer 1.53
Dialog Semiconductor 1.51
Kirkland Lake Gold 1.51

May not equal 100% due to rounding.

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

as of 09/30/2019 09/30/2019

Average Annual Returns (%)

Load (%)
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 09/15/1997 N/A 5.55 12.55 0.03 3.77 1.21 6.45
Load 09/15/1997 5.50 5.28 6.38 -5.44 1.83 0.07 5.85
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.

Effective July 31, 2013, Invesco Global Quantitative Core Fund was renamed Invesco Global Low Volatility Equity Yield Fund. Performance for the fund prior to July 31 is reflective of the Fund's prior strategy and objective.

Custom Invesco Global Low Volatility Equity Yield Index is composed of the performance of the MSCI World Index (Net) through February 23, 2017 and the performance of the MSCI World 100% Hedged to USD Index (Net) thereafter. MSCI World 100% Hedged to USD Index is an unmanaged index considered representative of stocks of developed countries (Net).

as of 09/30/2019 09/30/2019

Annualized Benchmark Returns

Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Custom Invesco Global Low Volatility Equity Yield Index 2.39 1.72 3.87 10.84 7.55 9.20
MSCI World IX ND 2.13 0.53 1.83 10.21 7.18 9.01
Custom Invesco Global Low Volatility Equity Yield Index 2.39 1.72 3.87 10.84 7.55 9.20
MSCI World IX ND 2.13 0.53 1.83 10.21 7.18 9.01

Source: RIMES Technologies Corp.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.80
12b-1 Fee 0.25
Other Expenses 0.54
Interest/Dividend Exp 0.00
Total Other Expenses 0.54
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.59
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 1.59
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.59
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range


From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
09/19/2019 0.0872 N/A N/A 13.58
06/20/2019 0.0628 N/A N/A 13.48
03/21/2019 0.0529 N/A N/A 13.27
12/14/2018 0.0529 N/A N/A 12.36
09/13/2018 0.0525 N/A N/A 13.86
06/21/2018 0.0525 N/A N/A 14.21
03/22/2018 0.0771 N/A N/A 13.29
12/13/2017 0.1027 N/A N/A 13.82
09/14/2017 0.1027 N/A N/A 13.49
06/15/2017 0.1027 N/A N/A 13.41
03/16/2017 0.1027 N/A N/A 12.96
12/13/2016 0.1124 N/A N/A 12.52
09/15/2016 0.1124 N/A N/A 12.85
06/16/2016 0.1124 N/A N/A 12.57
03/17/2016 0.1124 N/A N/A 12.75
12/11/2015 0.1317 N/A N/A 12.12
09/17/2015 0.1318 N/A N/A 12.35
06/18/2015 0.1318 N/A N/A 13.62
03/19/2015 0.1318 N/A N/A 13.54
12/12/2014 0.1318 N/A N/A 13.49
09/18/2014 0.1319 N/A N/A 15.29
06/19/2014 0.1319 N/A N/A 15.84
03/20/2014 0.1319 N/A N/A 14.69
12/13/2013 0.1319 N/A N/A 13.82
09/19/2013 0.1319 N/A N/A 13.83
12/07/2012 0.2673 N/A N/A 11.29
12/09/2011 0.1389 N/A N/A 10.23
12/10/2010 0.1394 N/A N/A 10.56
12/11/2009 0.1845 N/A N/A 9.61
12/12/2008 0.0318 0.0247 0.5382 7.52
12/14/2007 0.3139 1.0564 1.1398 14.78
12/15/2006 0.2045 0.5469 1.2434 16.387
12/16/2005 0.1355 0.5143 0.9417 15.599
12/17/2004 N/A 0.3816 0.4230 15.36
12/12/2003 N/A N/A 0.1387 13.175
12/14/2001 0.0582 N/A N/A 10.633
12/14/2000 N/A 1.1505 N/A 12.743
12/15/1999 N/A N/A 1.4783 14.302
12/18/1998 0.0182 N/A 0.1400 10.89
12/19/1997 0.4760 N/A N/A 10.26
as of 09/30/2019

Sector Breakdown

May not equal 100% due to rounding.

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 09/30/2019

Asset Mix

May not equal 100% due to rounding.

as of 09/30/2019

Fund Characteristics

3-Year Alpha -4.58%
3-Year Beta 0.78
3-Year R-Squared 0.80
3-Year Sharpe Ratio 0.24
3-Year Standard Deviation 9.35
Number of Securities 96
Total Assets $83,995,473.00
Wghtd Med Mkt Cap MM$ $9,422.00

Source: RIMES Technologies Corp., StyleADVISOR

Benchmark:  Custom Invesco Global Low Volatility Equity Yield Index

as of 09/30/2019

Top Equity Holdings | View all

% of Total Assets
Next 1.68
Entergy 1.67
FirstEnergy 1.63
Loomis AB 1.61
Merck KGaA 1.55
Mitsui 1.55
Empire 1.54
Wolters Kluwer 1.53
Dialog Semiconductor 1.51
Kirkland Lake Gold 1.51

May not equal 100% due to rounding.

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

as of 09/30/2019

Top Industries

  % of Total Assets
Electric Utilities 7.64
Biotechnology 5.16
Pharmaceuticals 4.91
Homebuilding 4.44
Gold 4.22
Food Retail 4.07
Restaurants 3.17
Specialized REITs 3.01
Diversified Metals & Mining 2.98
Research & Consulting Services 2.95

May not equal 100% due to rounding.

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 09/30/2019

Top Countries

  % of Total Assets
United States 26.27
Canada 18.06
Australia 13.97
United Kingdom 9.73
Japan 5.25
Sweden 4.12
Hong Kong 3.59
Germany 1.93
Italy 1.85
Netherlands 1.53

May not equal 100% due to rounding.

 About risk

Depositary Receipts Risk. Investing in depositary receipts involves the same risks as direct investments in foreign securities. In addition, the underlying issuers of certain depositary receipts are under no obligation to distribute shareholder communications or pass through any voting rights with respect to the deposited securities to the holders of such receipts. The Fund may therefore receive less timely information or have less control than if it invested directly in the foreign issuer.

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.

Emerging Markets Securities Risk. Emerging markets (also referred to as developing markets) are generally subject to greater market volatility, political, social and economic instability, uncertain trading markets and more governmental limitations on foreign investment than more developed markets. In addition, companies operating in emerging markets may be subject to lower trading volume and greater price fluctuations than companies in more developed markets. Securities law and the enforcement of systems of taxation in many emerging market countries may change quickly and unpredictably. In addition, investments in emerging markets securities may also be subject to additional transaction costs, delays in settlement procedures, and lack of timely information.

Foreign Securities Risk. The Fund’s foreign investments may be adversely affected by political and social instability, changes in economic or taxation policies, difficulty in enforcing obligations, decreased liquidity or increased volatility. Foreign investments also involve the risk of the possible seizure, nationalization or expropriation of the issuer or foreign deposits (in which the Fund could lose its entire investments in a certain market) and the possible adoption of foreign governmental restrictions such as exchange controls. Unless the Fund has hedged its foreign securities risk, foreign securities risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. Currency hedging strategies, if used, are not always successful.

Geographic Focus Risk. The Fund may from time to time invest a substantial amount of its assets in securities of issuers located in a single country or a limited number of countries. Adverse economic, political or social conditions in those countries may therefore have a significant negative impact on the Fund’s investment performance.

Investing in the European Union Risk. Investments in certain countries in the European Union are susceptible to high economic risks associated with high levels of debt, such as investments in sovereign debt of Greece, Italy and Spain. Separately, the European Union faces issues involving its membership, structure, procedures and policies. The exit of one or more member states from the European Union would place its currency and banking system in jeopardy. Efforts of the member states to further unify their economic and monetary policies may increase the potential for the downward movement of one member state’s market to cause a similar effect on other member states’ markets.

Management Risk. The Fund is actively managed and depends heavily on the Adviser’s judgment about markets, interest rates or the attractiveness, relative values, liquidity, or potential appreciation of particular investments made for the Fund’s portfolio. The Fund could experience losses if these judgments prove to be incorrect. There is no guarantee that the portfolio manager’s stock selection process will produce lower volatility than the broader markets in which the Fund invests. In addition, the Fund’s investment strategy to seek lower volatility may cause the Fund to underperform the broader markets in which the Fund invests during market rallies. Such underperformance could be significant during sudden or significant market rallies. Additionally, legislative, regulatory, or tax developments may adversely affect management of the Fund and, therefore, the ability of the Fund to achieve its investment objective.

Market Risk. The market values of the Fund’s investments, and therefore the value of the Fund’s shares, will go up and down, sometimes rapidly or unpredictably. Market risk may affect a single issuer, industry or section of the economy, or it may affect the market as a whole. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.

Preferred Securities Risk. Preferred securities are subject to issuer-specific and market risks applicable generally to equity securities. Preferred securities also may be subordinated to bonds or other debt instruments, subjecting them to a greater risk of non-payment, may be less liquid than many other securities, such as common stocks, and generally offer no voting rights with respect to the issuer.

REIT Risk/Real Estate Risk. Investments in real estate related instruments may be affected by economic, legal, cultural, environmental or technological factors that affect property values, rents or occupancies of real estate related to the Fund’s holdings. Shares of real estate related companies, which tend to be small- and mid-cap companies, may be more volatile and less liquid.

as of 10/21/2019


NAV Change ($)
$13.59 0.07
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 10/21/2019


  • Distribution Yield
    with Sales Charge 2.43%
  • Distribution Yield
    without Sales Charge 2.57%
  • SEC 30-Day Yield 1.75%
  • Unsub. 30-day yield N/A

Fund Details

  • Distribution Frequency Quarterly
  • WSJ Abrev. GlTrend
  • CUSIP 00141M572
  • Fund Type Equity
  • Geography Type Global
  • Inception Date 09/15/1997
  • Fiscal Year End 12/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1584
  • Tax ID 94-3277400