Invesco Equity and Income Fund

Balanced | US Balanced

Objective & Strategy

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

as of 09/30/2019

Morningstar Rating

Overall Rating - Allocation--50% to 70% Equity Category

As of 09/30/2019 the Fund had an overall rating of 3 stars out of 658 funds and was rated 3 stars out of 658 funds, 3 stars out of 581 funds and N/A stars out of 427 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, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 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. 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. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 09/30/2019

Top Equity Holdings | View all

% of Total Assets
AIG 2.21
Johnson & Johnson 2.04
Bank of America 1.85
Philip Morris 1.84
Citi 1.77
General Motors 1.75
Mondelez 1.63
Morgan Stanley 1.61
Oracle 1.58
PNC Financial Services 1.53

May not equal 100% due to rounding.

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

as of 09/30/2019 09/30/2019

Average Annual Returns (%)

Load (%)
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 06/01/2010 N/A N/A 14.17 1.20 7.09 5.81 8.78
Load 06/01/2010 N/A N/A N/A N/A N/A N/A 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.

Class R5 shares have no sales charge; therefore, performance is at NAV.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

R5 Class shares incepted on June 1, 2010. Performance shown prior to that date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares performance reflects any applicable fee waivers or expense reimbursements.

as of 09/30/2019 09/30/2019

Annualized Benchmark Returns

Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Bloomberg Barclays U.S. Government & Credit Index -0.76 2.64 11.32 3.16 3.61 3.94
Russell 1000 Value IX Tr 3.57 1.36 4.00 9.43 7.79 11.46
Bloomberg Barclays U.S. Government & Credit Index -0.76 2.64 11.32 3.16 3.61 3.94
Russell 1000 Value IX Tr 3.57 1.36 4.00 9.43 7.79 11.46

Source: FactSet Research Systems Inc.

Source: RIMES Technologies Corp.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.35
12b-1 Fee N/A
Other Expenses 0.13
Interest/Dividend Exp 0.00
Total Other Expenses 0.13
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.01
Total Annual Fund Operating Expenses 0.49
Contractual Waivers/Reimbursements -0.01
Net Expenses - PER PROSPECTUS 0.48
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 0.48
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range


From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
09/19/2019 0.0465 N/A N/A 10.34
06/20/2019 0.0468 N/A N/A 10.22
03/21/2019 0.0472 N/A N/A 10.04
12/14/2018 0.1056 0.0026 0.5952 9.38
09/13/2018 0.0472 N/A N/A 11.00
06/21/2018 0.0471 N/A N/A 10.84
03/22/2018 0.0471 N/A N/A 10.72
12/13/2017 0.1155 0.0019 0.5126 10.88
09/14/2017 0.0473 N/A N/A 11.04
06/15/2017 0.0475 N/A N/A 10.88
03/16/2017 0.0473 N/A N/A 10.88
12/13/2016 0.0672 0.0104 0.2838 10.65
09/15/2016 0.0489 N/A N/A 10.10
06/16/2016 0.0488 N/A N/A 9.64
03/17/2016 0.0484 N/A N/A 9.46
12/11/2015 0.1096 0.0024 0.2683 9.54
09/17/2015 0.0496 N/A N/A 9.98
06/18/2015 0.0501 N/A N/A 10.60
03/19/2015 0.0508 N/A N/A 10.40
12/12/2014 0.1641 0.0732 0.8741 10.13
09/18/2014 0.0542 N/A N/A 11.45
06/19/2014 0.0546 N/A N/A 11.22
03/20/2014 0.0537 N/A N/A 10.87
12/13/2013 0.0776 N/A 0.5857 10.36
09/19/2013 0.0532 N/A N/A 10.78
06/20/2013 0.0531 N/A N/A 10.14
03/21/2013 0.0531 N/A N/A 9.90
12/07/2012 0.0816 N/A N/A 9.15
09/20/2012 0.0521 N/A N/A 9.27
06/14/2012 0.0454 N/A N/A 8.62
03/15/2012 0.0460 N/A N/A 8.92
12/09/2011 0.0586 N/A N/A 8.23
09/15/2011 0.0470 N/A N/A 8.11
06/16/2011 0.0487 N/A N/A 8.64
03/17/2011 0.0490 N/A N/A 8.72
12/03/2010 0.0470 N/A N/A 8.38
09/16/2010 0.0400 N/A N/A 7.86
06/09/2010 0.0400 N/A N/A 7.46
as of 09/30/2019

Sector Breakdown

May not equal 100% due to rounding.

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 09/30/2019

Asset Mix

May not equal 100% due to rounding.

as of 09/30/2019

Fund Characteristics

3-Year Alpha 7.49%
3-Year Beta -0.83
3-Year R-Squared 0.09
3-Year Sharpe Ratio 0.54
3-Year Standard Deviation 10.24
Number of Securities 361
Total Assets $13,291,430,225.00
Wghtd Med Mkt Cap MM$ $55,290.00

Source: RIMES Technologies Corp., StyleADVISOR

Benchmark:  Bloomberg Barclays U.S. Government & Credit Index

as of 09/30/2019

Top Equity Holdings | View all

% of Total Assets
AIG 2.21
Johnson & Johnson 2.04
Bank of America 1.85
Philip Morris 1.84
Citi 1.77
General Motors 1.75
Mondelez 1.63
Morgan Stanley 1.61
Oracle 1.58
PNC Financial Services 1.53

May not equal 100% due to rounding.

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

as of 09/30/2019

Top Industries

  % of Total Assets
Diversified Banks 7.08
Pharmaceuticals 5.75
Regional Banks 3.47
Integrated Oil & Gas 3.34
Investment Banking & Brokerage 3.24
Semiconductors 3.16
Cable & Satellite 3.06
Health Care Equipment 2.71
Packaged Foods & Meats 2.56
Oil & Gas Exploration & Production 2.45

May not equal 100% due to rounding.

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

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 completion of the FRB's quantitative easing program and the "tapering" of other similar foreign central bank actions. This 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 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.

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 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.

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.

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.

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. Shares of real estate related companies, which tend to be small- and mid-cap companies, may be more volatile and less liquid.

Small- and Mid-Capitalization 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.

Value Investing Style Risk. A value investing style subjects the Fund 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.

as of 10/17/2019


NAV Change ($)
$10.25 0.02
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 10/17/2019


  • Distribution Yield
    with Sales Charge 1.81%
  • Distribution Yield
    without Sales Charge 1.81%
  • SEC 30-Day Yield 1.82%
  • Unsub. 30-day yield 1.81%

Fund Details

  • Distribution Frequency Quarterly
  • WSJ Abrev. N/A
  • CUSIP 00142J438
  • Fund Type Balanced
  • Geography Type N/A
  • Inception Date 06/01/2010
  • Fiscal Year End 08/31
  • Min Initial Investment N/A
  • Subsequent Investment N/A
  • Min Initial IRA Investment N/A
  • Fund Number 7743
  • Tax ID 51-0097258