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 07/31/2016

Morningstar Rating

Overall Rating - China Region Category

As of 07/31/2016 the Fund had an overall rating of 3 stars out of 80 funds and was rated 4 stars out of 80 funds, 2 stars out of 69 funds and 4 stars out of 40 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. ©2016 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.

as of 07/31/2016

Top Equity Holdings | View all

% of Total Assets
TENCENT HOLDINGS LTD 9.24
CHINA MOBILE LTD 9.11
TAIWAN SEMICONDUCTOR MAN 7.55
VIPSHOP HOLDINGS LTD ADR 4.26
SUN ART RETAIL GROUP LTD 3.97
YUE YUEN INDUSTRIAL HLDG 3.51
MINTH GROUP LTD 3.50
ZHUZHOU CRRC TIMES ELEC- 3.43
PRESIDENT CHAIN STORE 3.39
LARGAN PRECISION CO LTD 3.35

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

as of 07/31/2016 06/30/2016

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 03/31/2006 N/A 8.79 8.45 2.79 6.85 1.16 9.34
Load 03/31/2006 5.50 8.20 2.49 -2.87 4.85 0.03 8.72
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 07/31/2016 06/30/2016

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
MSCI Golden Dragon Index-NR 5.00 6.81 -5.58 4.50 2.17 6.38
MSCI Golden Dragon Index-NR 5.00 6.81 -5.58 4.50 2.17 6.38
MSCI Golden Dragon Index-NR 1.87 0.42 -17.13 3.87 1.22 5.80
MSCI Golden Dragon Index-NR 1.87 0.42 -17.13 3.87 1.22 5.80

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.94
12b-1 Fee 0.25
Other Expenses 0.69
Interest/Dividend Exp 0.00
Total Other Expenses 0.69
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.88
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 1.88
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.88
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
12/11/2015 0.2157 N/A N/A 19.70
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 07/31/2016

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 07/31/2016

Fund Characteristics

3-Year Alpha 2.70%
3-Year Beta 0.98
3-Year R-Squared 0.78
3-Year Sharpe Ratio 0.35
3-Year Standard Deviation 19.08
Number of Securities 38
Total Assets $70,568,159.00
Wghtd Med Mkt Cap MM$ $7,169.00

Source: StyleADVISOR

Benchmark:  MSCI Golden Dragon Index-NR

as of 07/31/2016

Top Equity Holdings | View all

% of Total Assets
TENCENT HOLDINGS LTD 9.24
CHINA MOBILE LTD 9.11
TAIWAN SEMICONDUCTOR MAN 7.55
VIPSHOP HOLDINGS LTD ADR 4.26
SUN ART RETAIL GROUP LTD 3.97
YUE YUEN INDUSTRIAL HLDG 3.51
MINTH GROUP LTD 3.50
ZHUZHOU CRRC TIMES ELEC- 3.43
PRESIDENT CHAIN STORE 3.39
LARGAN PRECISION CO LTD 3.35

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

as of 07/31/2016

Top Industries

  % of Total Assets
Wireless Telecommunication Services 11.24
Internet Software & Services 9.24
Internet Retail 9.15
Semiconductors 7.55
Footwear 5.36
Electronic Components 5.35
Packaged Foods & Meats 5.34
Hypermarkets & Super Centers 3.97
Electrical Components & Equipment 3.95
Industrial Conglomerates 3.68

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 07/31/2016

Top Countries

  % of Total Assets
China 42.92
Hong Kong 39.49
Taiwan, Province Of China 17.39
United States 0.29

 About risk

Active Trading Risk. Active trading of portfolio securities may result in added expenses, a lower return and increased tax liability.

Convertible Securities Risk. The market values of convertible securities are affected by market interest rates, the risk of actual issuer default on interest or principal payments and the value of the underlying common stock into which the convertible security may be converted. Additionally, a convertible security is subject to the same types of market and issuer risks as apply to the underlying common stock. In addition, certain convertible securities are subject to involuntary conversions and may undergo principal write-downs upon the occurrence of certain triggering events, and, as a result, are subject to an increased risk of loss.

Debt Securities Risk. The prices of debt securities held by the Fund will be affected by changes in interest rates, the creditworthiness of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing debt securities to fall and often has a greater impact on longer-duration debt securities and higher quality debt securities. Falling interest rates will cause the Fund to reinvest the proceeds of debt securities that have been repaid by the issuer at lower interest rates. Falling interest rates may also reduce the Fund's distributable income because interest payments on floating rate debt instruments held by the Fund will decline. The Fund could lose money on investments in debt securities if the issuer or borrower fails to meet its obligations to make interest payments and/or to repay principal in a timely manner. Changes in an issuer's financial strength, the market's perception of such strength or in the credit rating of the issuer or the security may affect the value of debt securities. The Adviser's credit analysis may fail to anticipate such changes, which could result in buying a debt security at an inopportune time or failing to sell a debt security in advance of a price decline or other credit event.

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.

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, 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 Government Debt Risk. Investments in foreign government debt securities (sometimes referred to as sovereign debt securities) involve certain risks in addition to those relating to foreign securities or debt securities generally. The issuer of the debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due in accordance with the terms of such debt, and the Fund may have limited recourse in the event of a default against the defaulting government. Without the approval of debt holders, some governmental debtors have in the past been able to reschedule or restructure their debt payments or declare moratoria on payments.

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.

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. 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.

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, and, in addition, subject the Fund to the creditworthiness of the bank or broker-dealer that issued the participation notes.

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.

Sector Focus Risk. The Fund may from time to time invest a significant amount of its assets (i.e. over 25%) in one market sector or group of related industries. In this event, the Fund's performance will depend to a greater extent on the overall condition of the sector or group of industries and there is increased risk that the Fund will lose significant value if conditions adversely affect that sector or group of industries.

Small- and Mid-Capitalization Companies Risks. Small- and mid-capitalization companies tend to be more vulnerable to changing market conditions, may have little or no operating history or track record of success, and may have more limited product lines and markets, less experienced management and fewer financial resources than larger companies. These companies' securities may be more volatile and less liquid than those of more established companies, and their returns may vary, sometimes significantly, from the overall securities market.

Unique Economic and Political Risks of Investing in Greater China. Investments in companies located or operating in Greater China involve risks not associated with investments in Western nations, such as 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 Greater China; and Greater China's dependency on the economies of other Asian countries, many of which are developing countries. Events in any one country within Greater China may impact the other countries in the region or Greater China as a whole. Additionally, developing countries, such as those in Greater 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. Uncertainties in Chinese tax rules could result in unexpected tax liabilities for the Fund.

as of 08/25/2016

AACFX

NAV Change ($)
$22.28 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 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