Mutual Funds

Invesco Gold & Precious Metals Fund

Equity | Sector Equity

Objective & Strategy

The fund seeks long-term capital growth by investing at least 80% of its net assets in the equity securities and equity-related instruments of companies involved in exploring for, mining, processing or dealing and investing in gold and other precious metals.

Style Map

Invesco Gold & Precious Metals Fund

The map illustrates areas in which the fund can invest, not necessarily within a limited period of time. This fund is not classified with regard to one primary market capitalization.

as of 07/31/2015

Morningstar Rating

Overall Rating - Equity Precious Metals Category

As of 07/31/2015 the Fund had an overall rating of 4 stars out of 71 funds and was rated 4 stars out of 71 funds, 4 stars out of 69 funds and 4 stars out of 51 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
TOREX GOLD RESOURCES INC 6.36
DETOUR GOLD CORP 6.14
TURQUOISE HILL RESOURCES 5.63
FRANCO NEVADA CORP 5.58
SPDR GOLD TRUST 4.72
AGNICO EAGLE MINES LTD 4.63
RANGOLD RESOURCES LTD ADR 4.47
CONTINENTAL GOLD INC 4.29
GOLDCORP INC 4.21
ISHARES COMEX GOLD TRUST 3.81

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 03/28/2002 N/A 3.86 -19.79 -41.54 -24.30 -16.25 0.19
Load 03/28/2002 5.50 3.43 -24.19 -44.73 -25.72 -17.20 -0.38
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 (%)
Philadelphia Gold & Silver (price-only) -24.67 -34.72 -51.89 -31.94 -22.46 -6.26
S&P 500 Reinvested IX 2.10 1.41 11.21 17.58 16.24 7.72
Philadelphia Gold & Silver (price-only) -9.41 -3.60 -37.40 -26.27 -18.69 -3.80
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 0.75
12b-1 Fee 0.25
Other Expenses 0.46
Interest/Dividend Exp 0.00
Total Other Expenses 0.46
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.04
Total Annual Fund Operating Expenses 1.50
Contractual Waivers/Reimbursements -0.01
Net Expenses - PER PROSPECTUS 1.49
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.49
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
12/07/2012 N/A N/A 0.1535 7.50
12/09/2011 0.2332 0.3776 0.0995 9.09
12/10/2010 0.3275 N/A N/A 10.63
12/11/2009 0.1350 N/A N/A 8.06
12/12/2008 0.0256 N/A N/A 4.50
12/14/2007 0.0459 N/A N/A 7.06
12/15/2006 0.1383 N/A N/A 6.009
12/17/2004 0.0359 N/A N/A 3.592
12/12/2003 0.1322 N/A N/A 3.758
as of 07/31/2015

Fund Characteristics

3-Year Alpha 5.10%
3-Year Beta 0.88
3-Year R-Squared 0.97
3-Year Sharpe Ratio -0.72
3-Year Standard Deviation 33.58
Number of Securities 35
Total Assets $191,355,972.00
Wghtd Med Mkt Cap MM$ $2,115.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Philadelphia Gold & Silver (price-only)

as of 07/31/2015

Top Equity Holdings | View all

% of Total Assets
TOREX GOLD RESOURCES INC 6.36
DETOUR GOLD CORP 6.14
TURQUOISE HILL RESOURCES 5.63
FRANCO NEVADA CORP 5.58
SPDR GOLD TRUST 4.72
AGNICO EAGLE MINES LTD 4.63
RANGOLD RESOURCES LTD ADR 4.47
CONTINENTAL GOLD INC 4.29
GOLDCORP INC 4.21
ISHARES COMEX GOLD TRUST 3.81

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

as of 07/31/2015

Top Industries

  % of Total Assets
Gold 67.25
Investment Companies ETF 8.54
Precious Metals & Minerals 8.39
Diversified Metals & Mining 7.18
Silver 3.70
Construction & Engineering 0.37

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

Derivatives Risk. The performance of derivative instruments is tied to the performance of an underlying currency, security, index, commodity or other instrument. In addition to risks relating to their underlying instruments, the use of derivatives may include other, possibly greater, risks. Derivatives involve costs, may be volatile, and may involve a small initial investment relative to the risk assumed. Risks associated with the use of derivatives may include counterparty, leverage, correlation, liquidity, tax, market, interest rate and management risks. Derivatives may also be more difficult to purchase, sell or value than other investments. The Fund may lose more than the cash amount invested on investments in derivatives. Investors should bear in mind that, while the Fund intends to use derivative strategies, it is not obligated to actively engage in these transactions, generally or in any particular kind of derivative, if the Adviser elects not to do so due to availability, cost, market conditions or other factors.

Developing/Emerging Markets Securities Risk. The prices of securities issued by foreign companies and governments located in developing/emerging markets 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.

Gold Bullion Risk. To the extent the Fund invests in gold bullion, it will earn no income. Appreciation in the market price of gold is the sole manner in which the Fund can realize gains on gold bullion, and such investments may incur higher storage and custody costs as compared to purchasing, holding and selling more traditional investments.

Gold and Precious Metals Industry Risk. Fluctuations in the price of gold and precious metals may affect the profitability of companies in the gold and precious metals sector. Changes in the political or economic conditions of countries where companies in the gold and precious metals sector are located may have a direct effect on the price of gold and precious metals.

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.

Sector Fund Risk. The Fund's investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile than non-concentrated funds.

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

IGDAX

NAV Change ($)
$2.99 -0.05
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 IGDAX
  • WSJ Abrev. Gold&Prec
  • CUSIP 00142F857
  • Fund Type Equity
  • Geography Type Domestic
  • Inception Date 03/28/2002
  • Fiscal Year End 04/30
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1051
  • Tax ID 84-1044251

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