Mutual Funds

Invesco Equity and Income Fund

Balanced | US Balanced

The All Weather Portfolio

A strategy focused on reaping the rewards of market upswings while minimizing the effects of downswings by investing across stocks, bonds and convertible bonds.

Competetive
long-term results
  Opportunity from change   Diversification to help level ups and downs
Invesco Equity and Income Fund has delivered competitive long-term performance through good and bad markets.

The fund has provided equity-like returns with a third less volatility versus its benchmark the Russell 1000 Value Index over the 10-year period.1
  A classic approach that focuses on attractively priced stocks with potential to convert business change into investment opportunity.

We believe catalysts such as new company management, new products or services and favorable industry trends may offer attractive growth potential over the long term.
  Owning both stocks and bonds may help to smooth out the market's ups and downs.

The portfolio's combination of more than 400 stocks, bonds and convertible bonds is designed to provide overall diversification benefits.


Footnote(s)

1 Source: StyleADVISOR as of Sept. 30, 2014. Performance figures are annualized. Past performance is no guarantee of future results. Risk shown is standard deviation versus the Russell 1000 Value Index. Returns for Class A shares do not include sales charges. For more information on beta and performance, please see definitions and performance disclosure on the back.

Objective & Strategy

Invesco Equity and Income Fund’s investment objective is current income and, secondarily, capital appreciation.

Style Map

Invesco Equity and Income Fund

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

as of 01/31/2015

Morningstar Rating

Overall Rating - Moderate Allocation Category

As of 01/31/2015 the Fund had an overall rating of 3 stars out of 744 funds and was rated 4 stars out of 744 funds, 3 stars out of 657 funds and 3 stars out of 439 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 01/31/2015

Top Equity Holdings | View all

% of Total Assets
CITIGROUP INC 2.70
JPMORGAN CHASE & CO 2.58
GENERAL ELECTRIC CO 1.86
ROYAL DUTCH SHELL PLC A 1.53
MORGAN STANLEY 1.45
BANK OF AMERICA CORP 1.41
TARGET CORP 1.17
PNC FINANCIAL SERVICES GROUP 1.11
MERCK & CO INC 1.06
APPLIED MATERIALS INC 1.06

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

as of 01/31/2015 12/31/2014

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 08/03/1960 N/A 10.35 -2.80 8.15 13.19 10.93 6.98
Load 08/03/1960 5.50 10.24 -8.12 2.18 11.07 9.67 6.38
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 01/31/2015 12/31/2014

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell 1000 Value IX Tr -4.00 -1.43 12.93 17.79 15.14 7.06
Barclays US Gvt/Cr Tr IX 2.64 3.48 7.24 3.29 4.93 4.90
Russell 1000 Value IX Tr 0.61 4.98 13.45 20.89 15.42 7.30
Barclays US Gvt/Cr Tr IX 0.08 1.82 6.01 2.76 4.69 4.70

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 0.35
12b-1 Fee 0.25
Other Expenses 0.20
Interest/Dividend Exp 0.00
Total Other Expenses 0.20
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.01
Total Annual Fund Operating Expenses 0.81
Contractual Waivers/Reimbursements -0.01
Net Expenses - PER PROSPECTUS 0.80
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 0.80
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 0.1551 0.0732 0.8741 10.13
09/18/2014 0.0450 N/A N/A 11.44
06/19/2014 0.0450 N/A N/A 11.21
03/20/2014 0.0450 N/A N/A 10.87
12/13/2013 0.0694 N/A 0.5857 10.36
09/19/2013 0.0450 N/A N/A 10.78
06/20/2013 0.0450 N/A N/A 10.14
03/21/2013 0.0450 N/A N/A 9.89
12/07/2012 0.0744 N/A N/A 9.15
09/20/2012 0.0450 N/A N/A 9.26
06/14/2012 0.0386 N/A N/A 8.62
03/15/2012 0.0386 N/A N/A 8.92
12/09/2011 0.0488 N/A N/A 8.23
09/15/2011 0.0386 N/A N/A 8.11
06/16/2011 0.0386 N/A N/A 8.64
03/17/2011 0.0386 N/A N/A 8.72
12/03/2010 0.0418 N/A N/A 8.38
09/16/2010 0.0352 N/A N/A 7.86
06/09/2010 0.0350 N/A N/A 7.46
03/10/2010 0.0400 N/A N/A 8.05
12/09/2009 0.0321 0.0000 N/A 7.72
09/09/2009 0.0321 N/A N/A 7.40
06/10/2009 0.0421 N/A N/A 6.63
03/11/2009 0.0421 N/A N/A 5.54
12/10/2008 0.0546 N/A 0.0000 6.28
09/10/2008 0.0546 N/A N/A 7.76
06/11/2008 0.0546 N/A N/A 8.09
03/12/2008 0.0586 N/A 0.0067 8.13
12/11/2007 0.0586 0.0461 0.2731 8.93
09/12/2007 0.0550 0.0000 N/A 9.24
06/13/2007 0.0550 0.0000 N/A 9.50
03/14/2007 0.0510 0.0018 0.0379 8.90
12/13/2006 0.0510 0.0299 0.2501 9.06
09/13/2006 0.0510 N/A N/A 8.91
06/14/2006 0.0495 N/A N/A 8.43
03/15/2006 0.0495 0.0128 0.1242 8.72
12/14/2005 0.0455 0.0237 0.2842 8.75
09/14/2005 0.0455 N/A N/A 8.91
06/15/2005 0.0455 N/A N/A 8.58
03/16/2005 0.0420 N/A 0.1145 8.46
12/08/2004 0.0420 N/A 0.0132 8.38
09/15/2004 0.0420 N/A N/A 8.02
06/16/2004 0.0420 N/A N/A 7.95
03/17/2004 0.0420 N/A N/A 8.03
12/10/2003 0.0420 N/A N/A 7.60
12/11/2002 0.0420 N/A N/A 6.67
09/18/2002 0.0420 N/A N/A 6.55
06/19/2002 0.0420 N/A N/A 7.30
03/20/2002 0.0420 N/A 0.0665 7.59
12/12/2001 0.0460 N/A 0.0461 7.37
09/19/2001 0.0550 N/A N/A 7.03
06/20/2001 0.0550 N/A N/A 7.69
03/21/2001 0.0450 0.0015 0.1638 7.21
12/13/2000 0.0658 N/A 0.6588 7.90
09/20/2000 0.0450 N/A N/A 8.46
06/21/2000 0.0450 N/A N/A 8.07
03/22/2000 0.0450 0.0794 0.1178 7.81
12/13/1999 0.0781 0.1932 0.4695 7.49
09/20/1999 0.0350 N/A N/A 7.92
06/21/1999 0.0350 N/A N/A 8.15
03/22/1999 0.0350 0.0290 0.0526 7.64
12/09/1998 0.0700 N/A 0.3744 7.64
09/21/1998 0.0350 N/A N/A 7.34
06/22/1998 0.0350 N/A N/A 7.86
03/23/1998 0.0350 0.0175 0.0591 7.84
12/22/1997 0.0630 0.3739 0.2113 7.14
09/22/1997 0.0350 N/A N/A 8.06
06/23/1997 0.0350 N/A N/A 7.51
03/14/1997 0.0350 0.0469 0.0675 6.96
12/16/1996 0.0440 0.0840 0.2270 6.58
09/16/1996 0.0350 N/A N/A 6.63
06/14/1996 0.0350 N/A N/A 6.50
03/15/1996 0.0420 0.0340 0.0230 6.36
12/15/1995 0.0620 0.1575 0.1600 6.23
09/15/1995 0.0420 N/A N/A 6.31
06/15/1995 0.0420 N/A N/A 5.91
03/15/1995 0.0420 N/A 0.0025 5.48
12/15/1994 0.0595 N/A 0.0600 5.13
09/15/1994 0.0420 N/A N/A 5.47
06/15/1994 0.0420 N/A N/A 5.37
03/15/1994 0.0420 0.0225 0.0150 5.50
12/15/1993 0.0420 0.0250 0.1700 5.45
09/15/1993 0.0420 N/A N/A 5.63
06/15/1993 0.0420 N/A N/A 5.32
03/15/1993 0.0420 N/A 0.0325 5.34
12/15/1992 0.0450 N/A N/A 5.07
09/15/1992 0.0500 N/A N/A 4.95
06/15/1992 0.0500 N/A N/A 4.83
03/16/1992 0.0500 N/A N/A 4.76
12/16/1991 0.0650 N/A N/A 4.56
09/16/1991 0.0500 N/A N/A 4.53
06/14/1991 0.0500 N/A N/A 4.41
03/15/1991 0.0500 N/A N/A 4.33
12/14/1990 0.0500 N/A N/A 3.97
09/14/1990 0.0600 N/A N/A 3.98
06/15/1990 0.0600 N/A N/A 4.48
03/14/1990 0.0650 N/A N/A 4.38
12/15/1989 0.0700 N/A N/A 4.45
09/15/1989 0.0750 N/A N/A 4.49
06/15/1989 0.0750 N/A N/A 4.22
03/15/1989 0.0750 N/A N/A 4.02
12/15/1988 0.0750 N/A N/A 3.89
09/15/1988 0.0750 N/A N/A 3.89
06/15/1988 0.0750 N/A N/A 4.19
03/15/1988 0.0750 N/A N/A 4.15
12/15/1987 0.0750 N/A N/A 3.83
09/15/1987 0.0750 N/A N/A 5.33
06/15/1987 0.0750 N/A N/A 5.18
03/16/1987 0.0750 N/A N/A 5.07
12/05/1986 0.0750 N/A N/A 4.66
09/15/1986 0.0750 N/A N/A 4.84
06/13/1986 0.0750 N/A N/A 5.00
03/14/1986 0.0750 N/A N/A 5.10
12/13/1985 0.0750 N/A N/A 4.72
09/13/1985 0.0750 N/A N/A 4.28
06/14/1985 0.0750 N/A N/A 4.33
03/15/1985 0.0750 N/A N/A 4.24
12/14/1984 0.1150 N/A N/A 4.49
09/14/1984 0.0750 N/A N/A 4.62
06/15/1984 0.0750 N/A N/A 4.43
03/15/1984 0.0750 N/A N/A 4.55
12/15/1983 0.1150 N/A N/A 5.75
09/15/1983 0.0750 N/A N/A 5.70
06/15/1983 0.0750 N/A N/A 5.88
02/22/1983 0.0750 N/A N/A 5.12
01/03/1983 0.1300 N/A N/A 5.06
09/15/1982 0.0700 N/A N/A 4.20
06/15/1982 0.0700 N/A N/A 3.69
03/15/1982 0.0700 N/A N/A 3.68
01/04/1982 0.1200 N/A N/A 3.87
09/15/1981 0.0700 N/A N/A 3.68
06/15/1981 0.0700 N/A N/A 4.25
03/13/1981 0.0700 N/A N/A 3.92
12/15/1980 0.1000 N/A N/A 3.54
09/15/1980 0.0700 N/A N/A 3.82
06/13/1980 0.0700 N/A N/A 3.88
03/14/1980 0.0700 N/A N/A 3.30
12/14/1979 0.0700 N/A N/A 3.67
09/14/1979 0.0700 N/A N/A 3.86
06/15/1979 0.0700 N/A N/A 3.76
03/16/1979 0.0700 N/A N/A 3.70
12/15/1978 0.0700 N/A N/A 3.60
09/15/1978 0.0700 N/A N/A 3.96
06/15/1978 0.0700 N/A N/A 3.82
03/17/1978 0.0600 N/A N/A 3.78
12/16/1977 0.0700 N/A N/A 3.84
09/16/1977 0.0700 N/A N/A 3.92
06/17/1977 0.0600 N/A N/A 4.01
03/18/1977 0.0600 N/A N/A 3.92
12/16/1976 0.0650 N/A N/A 3.90
09/16/1976 0.0600 N/A N/A 3.75
06/17/1976 0.0600 N/A N/A 3.65
03/17/1976 0.0600 N/A N/A 3.64
12/15/1975 0.0700 N/A N/A 3.21
09/15/1975 0.0600 N/A N/A 3.17
06/16/1975 0.0600 N/A N/A 3.30
03/17/1975 0.0600 N/A N/A 3.19
12/16/1974 0.0800 N/A N/A 2.77
09/16/1974 0.0600 N/A N/A 2.81
06/18/1974 0.0600 N/A N/A 3.35
03/19/1974 0.0600 N/A N/A 3.77
12/17/1973 0.0700 N/A N/A 3.47
09/18/1973 0.0600 N/A N/A 3.98
06/14/1973 0.0600 N/A N/A 3.87
03/16/1973 0.0600 N/A N/A 4.36
12/15/1972 0.0700 N/A N/A 4.74
09/19/1972 0.0600 N/A N/A 4.79
06/16/1972 0.0500 N/A N/A 5.12
03/16/1972 0.0500 N/A N/A 5.38
12/15/1971 0.0600 N/A N/A 4.85
09/16/1971 0.0600 N/A N/A 5.02
06/14/1971 0.0600 N/A N/A 4.99
03/16/1971 0.0600 N/A N/A 4.98
12/14/1970 0.0600 N/A N/A 4.06
09/16/1970 0.0600 N/A N/A 3.99
06/16/1970 0.0700 N/A N/A 3.71
03/17/1970 0.0900 N/A N/A 4.43
12/16/1969 0.0600 N/A N/A 4.35
09/11/1969 0.0600 N/A N/A 4.76
06/16/1969 0.0600 N/A N/A 5.31
03/21/1969 0.0500 N/A N/A 5.42
as of 01/31/2015

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 01/31/2015

Asset Mix

as of 01/31/2015

Fund Characteristics

3-Year Alpha 0.95%
3-Year Beta 0.69
3-Year R-Squared 0.95
3-Year Sharpe Ratio 1.89
3-Year Standard Deviation 6.95
Number of Securities 439
Total Assets $13,460,655,852.00
Wghtd Med Mkt Cap MM$ $46,887.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Russell 1000 Value IX Tr

as of 01/31/2015

Top Equity Holdings | View all

% of Total Assets
CITIGROUP INC 2.70
JPMORGAN CHASE & CO 2.58
GENERAL ELECTRIC CO 1.86
ROYAL DUTCH SHELL PLC A 1.53
MORGAN STANLEY 1.45
BANK OF AMERICA CORP 1.41
TARGET CORP 1.17
PNC FINANCIAL SERVICES GROUP 1.11
MERCK & CO INC 1.06
APPLIED MATERIALS INC 1.06

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

as of 01/31/2015

Top Industries

  % of Total Assets
Diversified Banks 8.98
Pharmaceuticals 6.48
Investment Banking & Brokerage 4.74
Integrated Oil & Gas 3.71
Regional Banks 3.49
Oil & Gas Exploration & Production 2.60
Semiconductors 2.12
Insurance Brokers 2.07
Cable & Satellite 2.07
Industrial Conglomerates 2.00

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

Call Risk. If interest rates fall, it is possible that issuers of debt securities with high interest rates will prepay or call their securities before their maturity dates. In this event, the proceeds from the called securities would likely be reinvested by the Fund in securities bearing the new, lower interest rates, resulting in a possible decline in the Fund's income and distributions to shareholders.

Changing Fixed Income Market Conditions Risk. The current historically low interest rate environment was created in part by the Federal Reserve Board (FRB) and certain foreign central banks keeping the federal funds and equivalent foreign rates at or near zero. There is a risk that interest rates will rise when the FRB and central banks raise these rates. This risk is heightened due to the "tapering" of the FRB's quantitative easing program and other similar foreign central bank actions. This tapering and eventual increase in the federal funds and equivalent foreign rates may expose fixed income markets to heightened volatility and reduced liquidity for certain fixed income investments, particularly those with longer maturities. In addition, decreases in fixed income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies could also result in higher than normal shareholder redemptions, which could potentially increase portfolio turnover and the Fund's transaction costs.

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.

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 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.

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.

Income Risk. The income you receive from the Fund is based primarily on prevailing interest rates, which can vary widely over the short- and long-term. If interest rates drop, your income from the Fund may drop as well.

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.

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.

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 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 informa tion 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 03/05/2015

ACEIX

NAV Change ($)
$10.46 0.02
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 03/05/2015

Yield 

  • Distribution Yield
    with Sales Charge 5.60%
  • Distribution Yield
    without Sales Charge 5.93%
  • SEC 30-Day Yield 1.28%
  • Unsub. 30-Day Yield 1.27%

Fund Details

  • Distribution Frequency Quarterly
  • NASDAQ ACEIX
  • WSJ Abrev. EqIncA
  • CUSIP 00142J479
  • Fund Type Balanced
  • Geography Type N/A
  • Inception Date 08/03/1960
  • Fiscal Year End 08/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1743
  • Tax ID 51-0097258

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