Mutual Funds

Invesco Comstock Fund

Equity | US Equity

Objective & Strategy

The fund seeks total return through growth of capital and current income.

Diamonds in the Rough

A long-term strategy that aims to build wealth and manage risk. The fund seeks to outperform the market by making early and patient investments in large undervalued companies.

In it for the long-term   A traditional value approach   Carefully selected portfolio
The fund has successfully invested through various types of changes, including economic, political and social. Through it all, the fund has delivered competitive long-term performance.   The team believes that opportunities are created when most people aren't interested in a stock. As a result, the fund can look quite different from its peers.   The team takes a research-intensive approach that focuses on sound but undervalued companies with improving business dynamics.

Style Map

Invesco Comstock Fund

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

as of 06/30/2015

Morningstar Rating

Overall Rating - Large Value Category

As of 06/30/2015 the Fund had an overall rating of 3 stars out of 1185 funds and was rated 3 stars out of 1185 funds, 3 stars out of 1045 funds and 3 stars out of 734 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
CITIGROUP INC 4.89
JPMORGAN CHASE & CO 3.68
BANK OF AMERICA CORP 2.60
GENERAL ELECTRIC CO 2.51
CARNIVAL CORP 2.46
SUNCOR ENERGY INC 2.01
CONAGRA INC 1.97
WELLS FARGO & CO 1.93
CISCO SYSTEMS INC 1.91
MERCK & CO INC 1.90

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 10/07/1968 N/A 11.06 0.77 3.30 17.65 16.37 7.14
Load 10/07/1968 5.50 10.92 -4.79 -2.37 15.46 15.06 6.53
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 06/30/2015 06/30/2015

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell 1000 Value IX Tr -2.00 0.11 4.13 17.34 16.50 7.05
S&P 500 Reinvested IX -1.94 0.28 7.42 17.31 17.34 7.89
Russell 1000 Value IX Tr -2.00 0.11 4.13 17.34 16.50 7.05
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 0.38
12b-1 Fee 0.25
Other Expenses 0.19
Interest/Dividend Exp 0.00
Total Other Expenses 0.19
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.01
Total Annual Fund Operating Expenses 0.83
Contractual Waivers/Reimbursements -0.01
Net Expenses - PER PROSPECTUS 0.82
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 0.82
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
06/18/2015 0.0793 N/A N/A 26.18
03/19/2015 0.0793 N/A N/A 25.49
12/12/2014 0.1847 N/A N/A 24.57
09/18/2014 0.0798 N/A N/A 25.87
06/19/2014 0.0700 N/A N/A 25.17
03/20/2014 0.0700 N/A N/A 23.99
12/13/2013 0.0700 N/A N/A 22.77
09/19/2013 0.0700 N/A N/A 22.04
06/20/2013 0.0700 N/A N/A 20.46
03/21/2013 0.0700 N/A N/A 19.55
12/07/2012 0.0700 N/A N/A 17.53
09/20/2012 0.0656 N/A N/A 17.66
06/14/2012 0.0656 N/A N/A 15.96
03/15/2012 0.0600 N/A N/A 17.09
12/09/2011 0.0528 N/A N/A 15.13
09/15/2011 0.0528 N/A N/A 14.71
06/16/2011 0.0528 N/A N/A 15.77
03/17/2011 0.0528 N/A N/A 15.96
12/03/2010 0.0528 N/A N/A 15.22
09/16/2010 0.0528 N/A N/A 14.06
06/09/2010 0.0524 N/A N/A 13.12
03/10/2010 0.0515 N/A N/A 14.23
12/09/2009 0.0315 0.0000 N/A 13.61
09/09/2009 0.0315 N/A N/A 12.93
06/10/2009 0.0525 N/A N/A 11.21
03/11/2009 0.0625 N/A N/A 8.33
12/10/2008 0.0725 0.0000 0.0000 10.57
09/10/2008 0.0725 0.0000 N/A 14.96
06/11/2008 0.0800 0.0000 N/A 15.19
03/12/2008 0.0900 0.0115 0.1416 15.66
12/11/2007 0.0900 0.0628 0.8918 17.94
09/12/2007 0.0900 0.0000 N/A 19.31
06/13/2007 0.0900 0.0000 N/A 20.29
03/14/2007 0.0950 0.0146 0.1098 18.70
12/13/2006 0.0950 0.0128 0.4577 19.05
09/13/2006 0.0950 0.0000 N/A 18.47
06/14/2006 0.0950 0.0000 N/A 17.34
03/15/2006 0.0950 0.0566 0.4204 17.95
12/14/2005 0.0849 0.1588 0.9930 17.99
09/14/2005 0.0825 N/A N/A 18.41
06/15/2005 0.0825 N/A N/A 18.38
03/16/2005 0.0725 N/A 0.0045 18.27
12/08/2004 0.0575 N/A N/A 17.91
09/15/2004 0.0575 N/A N/A 16.77
06/16/2004 0.0575 N/A N/A 16.43
03/17/2004 0.0475 N/A N/A 16.42
12/10/2003 0.0475 N/A N/A 15.11
09/17/2003 0.0475 N/A N/A 14.49
06/18/2003 0.0475 N/A N/A 14.25
03/19/2003 0.0422 N/A N/A 12.03
12/11/2002 0.0422 N/A N/A 12.50
09/18/2002 0.0422 N/A N/A 11.80
06/19/2002 0.0422 N/A N/A 14.13
03/20/2002 0.0422 0.0714 0.0728 15.98
12/12/2001 0.0470 0.3453 0.3438 15.44
09/19/2001 0.0540 N/A N/A 15.14
06/20/2001 0.0625 N/A N/A 17.61
03/21/2001 0.0625 0.1743 0.1317 16.15
12/13/2000 0.1233 0.2839 0.7838 16.40
09/20/2000 0.0625 N/A N/A 15.39
06/21/2000 0.0625 N/A N/A 14.75
03/22/2000 0.0625 0.2967 0.2888 13.61
12/13/1999 0.1020 0.5951 0.6321 14.40
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 0.57%
3-Year Beta 0.98
3-Year R-Squared 0.92
3-Year Sharpe Ratio 1.94
3-Year Standard Deviation 9.09
Number of Securities 79
Total Assets $13,560,394,821.00
Wghtd Med Mkt Cap MM$ $62,475.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Russell 1000 Value IX Tr

as of 06/30/2015

Top Equity Holdings | View all

% of Total Assets
CITIGROUP INC 4.89
JPMORGAN CHASE & CO 3.68
BANK OF AMERICA CORP 2.60
GENERAL ELECTRIC CO 2.51
CARNIVAL CORP 2.46
SUNCOR ENERGY INC 2.01
CONAGRA INC 1.97
WELLS FARGO & CO 1.93
CISCO SYSTEMS INC 1.91
MERCK & CO INC 1.90

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

as of 06/30/2015

Top Industries

  % of Total Assets
Diversified Banks 13.48
Pharmaceuticals 8.94
Integrated Oil & Gas 7.62
Regional Banks 3.62
Oil & Gas Exploration & Production 3.48
Movies & Entertainment 3.37
Packaged Foods & Meats 3.26
Asset Management & Custody Banks 3.18
Cable & Satellite 2.92
Oil & Gas Equipment & Services 2.79

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

Credit Risk. The issuer of instruments in which the Fund invests may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

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.

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.

Interest Rate Risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise; conversely, bond prices generally rise as interest rates fall. Specific bonds differ in their sensitivity to changes in interest rates depending on their individual characteristics, including duration.

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.

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. Real estate companies, including REITs or similar structures, tend to be small- and mid-cap companies, and their shares may be more volatile and less liquid. The value of investments in real estate related companies may be affected by the quality of management, the ability to repay loans, the utilization of leverage and financial covenants related thereto, whether the company carries adequate insurance and environmental factors. If a real estate related company defaults, the Fund may own real estate directly, which involves the following additional risks: environmental liabilities; difficulty in valuing and selling the real estate; and economic or regulatory changes.

Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments in the above factors 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.

Value Investing Style Risk. The Fund emphasizes a value style of investing, which focuses on undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on value equity securities are less than returns on other styles of investing or the overall stock market. Value stocks also may decline in price, even though in theory they are already underpriced.

as of 08/04/2015

ACSTX

NAV Change ($)
$25.52 -0.04
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 08/04/2015

Yield 

  • Distribution Yield
    with Sales Charge 1.17%
  • Distribution Yield
    without Sales Charge 1.24%
  • SEC 30-Day Yield 1.33%
  • Unsub. 30-Day Yield 1.32%

Fund Details

  • Distribution Frequency Quarterly
  • NASDAQ ACSTX
  • WSJ Abrev. CmstA
  • CUSIP 00143M711
  • Fund Type Equity
  • Geography Type Domestic
  • Inception Date 10/07/1968
  • Fiscal Year End 04/30
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1737
  • Tax ID 95-2513084

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