Mutual Funds

Invesco Greater China Fund

Equity | International and Global Equity

Objective & Strategy

The fund seeks long-term capital growth by investing in companies with substantial exposure to People’s Republic of China, including Hong Kong and Macau.

as of 06/30/2015

Morningstar Rating

Overall Rating - China Region Category

As of 06/30/2015 the Fund had an overall rating of 2 stars out of 75 funds and was rated 2 stars out of 75 funds, 2 stars out of 65 funds and N/A stars out of N/A 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 06/30/2015

Top Equity Holdings | View all

% of Total Assets
CHINA MOBILE LTD 8.94
CHINA CONSTRUCTION H 7.79
AIA GROUP LTD 4.86
TENCENT HOLDINGS LTD 4.75
BANK OF CHINA LTD H 4.71
BAIDU INC ADR 4.59
UNI PRESIDENT CHINA HOLD 4.14
FOXCONN INTERNATIONAL HL 3.89
SUN ART RETAIL GROUP LTD 3.67
PING AN INSURANCE GROUP 3.56

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

as of 06/30/2015 06/30/2015

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 03/31/2006 N/A 10.55 17.10 18.90 13.22 6.16 N/A
Load 03/31/2006 5.50 9.87 10.66 12.35 11.10 4.96 N/A
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 June 15 2015, Invesco China Fund was renamed Invesco Greater China Fund.

as of 06/30/2015 06/30/2015

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
MSCI Golden Dragon Index-NR -4.36 4.51 15.19 14.34 9.32 9.46
MSCI Golden Dragon Index-NR -4.36 4.51 15.19 14.34 9.32 9.46
MSCI Golden Dragon Index-NR -4.36 4.51 15.19 14.34 9.32 9.46
MSCI Golden Dragon Index-NR -4.36 4.51 15.19 14.34 9.32 9.46

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.94
12b-1 Fee 0.25
Other Expenses 0.66
Interest/Dividend Exp 0.00
Total Other Expenses 0.66
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.85
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 1.85
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.85
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 0.0887 N/A N/A 19.07
12/13/2013 0.2161 N/A N/A 21.18
12/07/2012 0.1184 N/A N/A 18.75
12/09/2011 0.1024 N/A N/A 16.98
12/10/2010 0.0400 N/A N/A 21.51
12/11/2009 0.1421 N/A N/A 19.87
12/12/2008 0.0535 N/A N/A 10.95
12/14/2007 0.0166 0.6473 0.0299 22.14
12/15/2006 0.0955 N/A N/A 12.563
as of 06/30/2015

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 06/30/2015

Fund Characteristics

3-Year Alpha -2.18%
3-Year Beta 1.13
3-Year R-Squared 0.68
3-Year Sharpe Ratio 0.76
3-Year Standard Deviation 17.33
Number of Securities 35
Total Assets $92,125,638.00
Wghtd Med Mkt Cap MM$ $55,006.00

Source: StyleADVISOR

Benchmark:  MSCI Golden Dragon Index-NR

as of 06/30/2015

Top Equity Holdings | View all

% of Total Assets
CHINA MOBILE LTD 8.94
CHINA CONSTRUCTION H 7.79
AIA GROUP LTD 4.86
TENCENT HOLDINGS LTD 4.75
BANK OF CHINA LTD H 4.71
BAIDU INC ADR 4.59
UNI PRESIDENT CHINA HOLD 4.14
FOXCONN INTERNATIONAL HL 3.89
SUN ART RETAIL GROUP LTD 3.67
PING AN INSURANCE GROUP 3.56

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

as of 06/30/2015

Top Industries

  % of Total Assets
Diversified Banks 16.24
Internet Software & Services 12.57
Life & Health Insurance 10.37
Wireless Telecommunication Services 8.94
Electronic Manufacturing Services 6.46
Footwear 4.59
Packaged Foods & Meats 4.14
Hypermarkets & Super Centers 3.67
Auto Parts & Equipment 3.56
Industrial Conglomerates 2.81

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 06/30/2015

Top Countries

  % of Total Assets
China 56.03
Hong Kong 29.36
Taiwan, Province Of China 6.69
United States 1.19

 About risk

Active Trading Risk. The Fund engages in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.

Convertible Securities Risk. The Fund may own convertible securities, the value of which may be affected by market interest rates, the risk that the issuer will default, the value of the underlying stock or the right of the issuer to buy back the convertible securities.

Depositary Receipts Risk. Depositary receipts involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.

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.

Geographic Focus Risk. From time to time the Fund may invest a substantial amount of its assets in securities of issuers located in a single country or a limited number of countries. If the Fund focuses its investments in this manner, it assumes the risk that economic, political and social conditions in those countries will have a significant impact on its investment performance. The Fund's investment performance may also be more volatile if it focuses its investments in certain countries, especially emerging markets countries.

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.

Participation Notes Risk. Investments in participation notes involve the same risks associated with a direct investment in the underlying security, currency or market they seek to replicate. In addition, the Fund has no rights under participation notes against the issuer of the underlying security and is subject to the creditworthiness of the issuing bank or broker-dealer.

Preferred Securities Risk. Preferred securities may include provisions that permit the issuer, in its discretion, to defer or omit distributions for a certain period of time. If the Fund owns a security that is deferring or omitting its distributions, the Fund may be required to report the distribution on its tax returns, even though it may not have received this income. Further, preferred securities may lose substantial value due to the omission or deferment of dividend payments.

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.

Unique Economic and Political Risks of Investing in China. China remains a totalitarian country with the following risks: nationalization, expropriation, or confiscation of property, difficulty in obtaining and/or enforcing judgments, alteration or discontinuation of economic reforms, military conflicts, either internal or with other countries, inflation, currency fluctuations and fluctuations in inflation and interest rates that may have negative effects on the economy and securities markets of China, and China's dependency on the economies of other Asian countries, many of which are developing countries. Additionally, developing countries, such as China, may subject the Fund's investments to a number of tax rules, and the application of many of those rules may be uncertain. Moreover, China has implemented a number of tax reforms in recent years, and may amend or revise its existing tax laws and/or procedures in the future, possibly with retroactive effect. Changes in applicable Chinese tax law could reduce the after-tax profits of the Fund, directly or indirectly, including by reducing the after-tax profits of companies in China in which the Fund invests. Chinese taxes that may apply to the Fund's investments include income tax or withholding tax on dividends, interest or gains earned by the Fund, business tax and stamp duty. Uncertainties in Chinese tax rules could result in unexpected tax liabilities for the Fund.

as of 07/31/2015

AACFX

NAV Change ($)
$21.46 0.08
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 AACFX
  • WSJ Abrev. N/A
  • CUSIP 00141T155
  • Fund Type Equity
  • Geography Type International
  • Inception Date 03/31/2006
  • Fiscal Year End 10/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1554
  • Tax ID 20-4281612

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