Equity | US Equity

Invesco American Value Fund

Class A

Class A

  • Class A
  • Class C
  • Class R
  • Class R5
  • Class R6
  • Class Y
Ticker: MSAVX

Objective & Strategy

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

as of 08/31/2022

Morningstar Rating

Overall Rating - Mid-Cap Value Category

As of 08/31/2022 the Fund had an overall rating of 3 stars out of 392 funds and was rated 3 stars out of 392 funds, 3 stars out of 362 funds and 2 stars out of 269 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. ©2022 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 08/31/2022

Top Equity Holdings | View all

  % of Total Assets
AECOM 3.15
Flex 3.01
Centene 2.81
Cigna 2.81
KBR 2.70
APA 2.42
Huntington Bancshares 2.35
Pioneer Natural Resources 2.30
Univar Solutions 2.28
Ovintiv 2.22

May not equal 100% due to rounding.

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

as of 08/31/2022 06/30/2022

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 10/18/1993 N/A 8.84 -9.39 -4.11 9.48 7.08 8.53
Load 10/18/1993 5.50 8.62 -14.38 -9.40 7.43 5.88 7.92
NAV 10/18/1993 N/A 8.64 -15.08 -9.10 5.58 5.07 7.98
Load 10/18/1993 5.50 8.43 -19.75 -14.10 3.61 3.89 7.37

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 08/31/2022 06/30/2022

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell Midcap Value -3.06 -6.29 -7.80 9.55 7.49 10.81
S&P 500 Reinvested IX -4.08 -3.88 -11.23 12.39 11.82 13.08
Russell Midcap Value IX -10.99 -14.68 -10.00 6.70 6.27 10.62
S&P 500 Reinvested IX -8.25 -16.10 -10.62 10.60 11.31 12.96

Source: RIMES Technologies Corp.

Source: RIMES Technologies Corp.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.65
12b-1 Fee 0.25
Other Expenses 0.21
Interest/Dividend Exp N/A
Total Other Expenses 0.21
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) N/A
Total Annual Fund Operating Expenses 1.11
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 1.11
Additional Waivers/Reimbursements N/A
Net Expenses - With Additional Fee Reduction 1.11
This information is updated per the most recent prospectus.

Historical Prices

 
No history records found for this date range
Date Net Asset Value ($) Public Offering Price ($)
{{histTableData.rateDate | date : 'MM/dd/yyyy'}} {{histTableData.netAssetValue | numberValue}} {{histTableData.offeringPrice | numberValue}}

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
{{distribution.rateDate | date : 'MM/dd/yyyy'}} {{distribution.dividendFactor | numberValue:4:'N/A'}} {{distribution.capGainsFactorShort | numberValue:4:'N/A'}} {{distribution.capGainsFactorLong | numberValue:4:'N/A'}} {{distribution.reinvestmentPrice | numberValue:3:'N/A'}}
as of 08/31/2022

Sector Breakdown

Holdings % of Total Net Assets
CASH/OTHER 3.83
Communication Services 0.00
Consumer Discretionary 5.61
Consumer Staples 4.36
Energy 20.92
Financials 7.91
Health Care 16.09
Industrials 26.03
Information Technology 7.16
Materials 5.51
Real Estate 0.00
Utilities 2.58

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 08/31/2022

Asset Mix

Holdings % of Total Net Assets
Common Stocks 98.25
Cash 3.82

May not equal 100% due to rounding.

as of 08/31/2022

Fund Characteristics

3-Year Alpha -0.05%
3-Year Beta 1.02
3-Year R-Squared 0.96
3-Year Sharpe Ratio 0.37
3-Year Standard Deviation 23.93
Number of Securities 72
Total Assets $1,729,694,923.00
Wghtd Med Mkt Cap MM$ $9,707.00

Source: RIMES Technologies Corp.,StyleADVISOR

Benchmark:  Russell Midcap Value

as of 08/31/2022

Top Equity Holdings | View all

  % of Total Assets
AECOM 3.15
Flex 3.01
Centene 2.81
Cigna 2.81
KBR 2.70
APA 2.42
Huntington Bancshares 2.35
Pioneer Natural Resources 2.30
Univar Solutions 2.28
Ovintiv 2.22

May not equal 100% due to rounding.

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

as of 08/31/2022

Top Industries

  % of Total Assets
Oil & Gas Exploration & Production 13.49
Research & Consulting Services 6.40
Managed Health Care 5.97
Construction & Engineering 5.64
Trading Companies & Distributors 5.48
Electronic Manufacturing Services 5.07
Regional Banks 4.82
Health Care Services 4.13
Health Care Facilities 4.06
Oil & Gas Refining & Marketing 3.68

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

As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

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. The value of the Fund’s investments may go up or down due to general market conditions that are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally. 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.

Investing in Stocks Risk. The value of the Fund’s portfolio may be affected by changes in the stock markets. Stock markets may experience significant short-term volatility and may fall or rise sharply at times. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets.

The prices of individual stocks generally do not all move in the same direction at the same time. However, individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. A variety of factors can negatively affect the price of a particular company’s stock. These factors may include, but are not limited to: poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.

Mid-Capitalization Companies Risk. Mid-capitalization companies tend to be more vulnerable to changing market conditions 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.

Risks of Value Investing. Value investing entails the risk that if the market does not recognize that a selected security is undervalued, the prices of that security might not appreciate as anticipated. A value approach could also result in fewer investments that increase rapidly during times of market gains and could cause a fund to underperform funds that use a growth or non-value approach to investing. Value investing has gone in and out of favor during past market cycles and when value investing is out of favor or when markets are unstable, the securities of “value” companies may underperform the securities of “growth” companies or the overall stock market.

Sector Focus Risk. The Fund may from time to time have a significant amount of its assets invested 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.

REIT Risk/Real Estate Risk. Investments in real estate related instruments may be adversely affected by economic, legal, cultural, environmental or technological factors that affect property values, rents or occupancies. Shares of real estate related companies, which tend to be small- and mid-cap companies, may be more volatile and less liquid than larger companies. If a real estate related company defaults on certain types of debt obligations held by the Fund, the Fund may acquire real estate directly, which involves additional risks such as environmental liabilities; difficulty in valuing and selling the real estate; and economic or regulatory changes.

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 currency exposure, 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. For instance, currency forward contracts, if used by the Fund, could reduce performance if there are unanticipated changes in currency exchange rates.

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 holding a position in 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 or the anticipated value of the underlying asset, 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. Derivatives strategies may not always be successful. For example, 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.

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.