Invesco Energy Fund
Equity | Sector EquityObjective & Strategy
The fund seeks long-term capital growth by investing primarily in energy companies, which include oil companies, oil and gas exploration companies, natural gas pipeline companies, refiners, energy conservation companies, coal companies, alternative energy companies and innovative energy technology companies.
Morningstar Rating ™
Overall Rating - Equity Energy CategoryAs of 11/30/2019 the Fund had an overall rating of 3 stars out of 89 funds and was rated 3 stars out of 89 funds, 3 stars out of 80 funds and 3 stars out of 57 funds for the 3-, 5- and 10- year periods, respectively.
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
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Norman MacDonald, CFA
Portfolio Manager
View bio
Top Equity Holdings | View all
% of Total Assets | |
---|---|
BP | 6.23 |
Suncor Energy | 6.02 |
Royal Dutch ADR 'A' | 6.00 |
Chevron | 5.95 |
Canadian Natural Resources | 5.67 |
Noble Energy | 5.22 |
Hess | 4.90 |
Phillips 66 | 4.58 |
Exxon Mobil | 4.36 |
PrairieSky Royalty | 4.06 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Average Annual Returns (%)
Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
---|---|---|---|---|---|---|---|---|
NAV | 03/28/2002 | N/A | 3.13 | -4.74 | -17.98 | -13.73 | -11.46 | -4.56 |
Load | 03/28/2002 | 5.50 | 2.80 | -9.96 | -22.51 | -15.35 | -12.46 | -5.10 |
NAV | 03/28/2002 | N/A | 3.32 | -2.01 | -31.24 | -11.29 | -14.42 | -4.18 |
Load | 03/28/2002 | 5.50 | 2.99 | -7.38 | -35.02 | -12.94 | -15.39 | -4.72 |
Annualized Benchmark Returns
Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
---|---|---|---|---|---|---|
MSCI World Energy ND IX | 1.29 | 4.26 | -4.44 | -1.06 | -2.01 | 0.97 |
S&P 500 Reinvested IX | 3.63 | 7.86 | 16.11 | 14.88 | 10.98 | 13.44 |
MSCI World Energy ND IX | 4.61 | -5.78 | -16.86 | 0.23 | -4.71 | 1.46 |
S&P 500 Reinvested IX | 1.87 | 1.70 | 4.25 | 13.39 | 10.84 | 13.24 |
Source: RIMES Technologies Corp.
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
Management Fee | 0.72 |
12b-1 Fee | 0.25 |
Other Expenses | 0.35 |
Interest/Dividend Exp | 0.00 |
Total Other Expenses | 0.35 |
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | 0.00 |
Total Annual Fund Operating Expenses | 1.32 |
Contractual Waivers/Reimbursements | N/A |
Net Expenses - PER PROSPECTUS | 1.32 |
Additional Waivers/Reimbursements | 0.00 |
Net Expenses - With Additional Fee Reduction | 1.32 |
Historical Prices
Date | Net Asset Value ($) | Public Offering Price ($) |
---|---|---|
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Distributions
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'}} |
Sector Breakdown
Holdings | % of Total Net Assets |
---|---|
CASH/OTHER | 0.90 |
Energy | 92.60 |
Materials | 6.50 |
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.
Asset Mix
Holdings | % of Total Net Assets |
---|---|
Cash | 47.14 |
Others | 52.86 |
May not equal 100% due to rounding.
Fund Characteristics
3-Year Alpha | N/A |
3-Year Beta | N/A |
3-Year R-Squared | N/A |
Number of Securities | N/A |
Total Assets | $298,223,672.00 |
Wghtd Med Mkt Cap MM$ | $33,055.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Benchmark: N/A
Top Equity Holdings | View all
% of Total Assets | |
---|---|
BP | 6.23 |
Suncor Energy | 6.02 |
Royal Dutch ADR 'A' | 6.00 |
Chevron | 5.95 |
Canadian Natural Resources | 5.67 |
Noble Energy | 5.22 |
Hess | 4.90 |
Phillips 66 | 4.58 |
Exxon Mobil | 4.36 |
PrairieSky Royalty | 4.06 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Top Industries
% of Total Assets | |
---|---|
Integrated Oil & Gas | 37.45 |
Oil & Gas Exploration & Production | 32.55 |
Oil & Gas Equipment & Services | 11.91 |
Oil & Gas Refining & Marketing | 4.58 |
Oil & Gas Storage & Transportation | 3.42 |
Oil & Gas Drilling | 2.99 |
Specialty Chemicals | 2.53 |
Diversified Metals & Mining | 2.50 |
Commodity Chemicals | 1.46 |
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.
Fund Documents
About risk
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, companies operating in 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.
Energy Sector Risk. The Fund will concentrate its investments in the securities of issuers engaged primarily in energy-related industries. Changes in worldwide energy prices, exploration and production spending, government regulation, world events, economic conditions, exchange rates, transportation and storage costs and labor relations can affect companies in the energy sector. In addition, these companies are at an increased risk of civil liability and environmental damage claims, and are also subject to the risk of loss from terrorism and natural disasters.
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.
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.
Invesco Energy Fund commentary
28 Oct 2019
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