Product Detail Invesco NASDAQ 100 Index Fund (2024)

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Class R6

Class R6

  • Class R6

Ticker: IVNQX

Objective & Strategy

The Fund seeks to track the investment results, before fees and expenses, of the Index.

as of 12/31/2023

Morningstar Rating

Overall Rating - Large Growth Category

As of 12/31/2023 the Fund had an overall rating of 4 stars out of 1,120 funds and was rated 4 stars out of 1,120 funds, N/A stars out of 1,033 funds and N/A stars out of 814 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. ©2023 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

  • Product Detail Invesco NASDAQ 100 Index Fund (2)

    Peter Hubbard

    Portfolio Manager

    View bio

  • Product Detail Invesco NASDAQ 100 Index Fund (3)

    Pratik Doshi, CFA

    Portfolio Manager

    View bio

  • Product Detail Invesco NASDAQ 100 Index Fund (4)

    Michael Jeanette

    Portfolio Manager

    View bio

  • Product Detail Invesco NASDAQ 100 Index Fund (5)

    Tony Seisser

    Portfolio Manager

    View bio

as of 12/31/2023

Top Equity Holdings | View all

% of Total Assets
Apple8.94
Microsoft8.35
Amazon4.69
Broadcom4.02
Meta Platforms 'A'3.73
Nvidia3.65
Tesla3.57
Alphabet 'A'2.47
Alphabet 'C'2.41
Costco Wholesale2.26

May not equal 100% due to rounding.

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

as of12/31/202312/31/2023

Average Annual Returns (%)

  • Monthly
  • Quarterly
Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%)1Y (%)3Y (%)5Y (%)10Y (%)

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 R6 shares have no sales charge; therefore, performance is at NAV. Class R6 shares are closed to most investors. Please see the prospectus for more details.

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 12/31/2023 12/31/2023

Annualized Benchmark Returns

  • Monthly
  • Quarterly

Index Name1 Mo (%)3 Mo (%)1Y (%)3Y (%)5Y (%)10Y (%)
NASDAQ-100 Total Return Index (USD)5.5614.6055.1310.1822.6617.91
NASDAQ Composite Total Return Index (USD)5.5813.7944.646.0418.7514.80
NASDAQ-100 Total Return Index (USD)5.5614.6055.1310.1822.6617.91
NASDAQ Composite Total Return Index (USD)5.5813.7944.646.0418.7514.80

Source: Bloomberg LP

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee0.15
12b-1 Fee0.00
Other Expenses0.97
Interest/Dividend ExpN/A
Total Other Expenses0.97
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses)N/A
Total Annual Fund Operating Expenses1.12
Contractual Waivers/Reimbursements -0.83
Net Expenses - PER PROSPECTUS0.29
Additional Waivers/Reimbursements N/A
Net Expenses - With Additional Fee Reduction0.29

This information is updated per the most recent prospectus.

Historical Prices

No history records found for this date range

Distributions

Capital GainsReinvestment
Price ($)
Ex-DateIncomeShort TermLong Term

as of 12/29/2023

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 12/31/2023

Asset Mix

May not equal 100% due to rounding.

as of 12/31/2023

Fund Characteristics

3-Year Alpha -0.13%
3-Year Beta 1.00
3-Year R-Squared 1.00
3-Year Sharpe Ratio 0.34
3-Year Standard Deviation 22.38
Number of Securities101
Total Assets$41,628,553.00

Source:StyleADVISOR

Benchmark:NASDAQ-100 Total Return Index (USD)

as of 12/31/2023

Top Equity Holdings | View all

% of Total Assets
Apple8.94
Microsoft8.35
Amazon4.69
Broadcom4.02
Meta Platforms 'A'3.73
Nvidia3.65
Tesla3.57
Alphabet 'A'2.47
Alphabet 'C'2.41
Costco Wholesale2.26

May not equal 100% due to rounding.

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

as of 12/31/2023

Top Countries

% of Total Assets
United States94.08
China1.21
Brazil0.61
United Kingdom0.54
Netherlands0.51

May not equal 100% due to rounding.

as of 12/31/2023

Top Industries

% of Total Assets
Semiconductors16.84
Systems Software10.11
Technology Hardware, Storage & Peripherals8.94
Interactive Media & Services8.62
Application Software6.92
Broadline Retail6.05
Biotechnology4.08
Automobile Manufacturers3.57
Semiconductor Materials & Equipment2.96
Soft Drinks & Non-alcoholic Beverages2.86

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

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, military conflict, acts of terrorism, economic crisis 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.

Index Risk. Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. Therefore, the Fund would not necessarily buy or sell a security unless that security is added to or removed from, respectively, the Underlying Index, even if that security generally is underperforming. Additionally, the Fund generally rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will typically result in corresponding changes to the Fund’s rebalance schedule.

Industry Concentration Risk. In following its methodology, the Underlying Index from time to time may be concentrated to a significant degree in securities of issuers operating in a single industry or group of industries. To the extent that the Underlying Index concentrates in the securities of issuers in a particular industry or group of industries, the Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or group of industries, the Fund faces more risks than if it were diversified broadly over numerous industries or groups of industries. Such industry-based risks, any of which may adversely affect the companies in which the Fund invests, may include, but are not limited to, legislative or regulatory changes, adverse market conditions and/or increased competition within the industry or group of industries. In addition, at times, such industry or group of industries may be out of favor and underperform other industries, groups of industries or the market as a whole.

  • Information Technology Sector Risk. Information technology companies are subject to intense competition and their products are at risk of rapid obsolescence, which make the prices of securities issued by these companies particularly volatile. Product obsolescence can result from rapid technological developments, frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Factors that may also significantly affect the market value of securities of issuers in the information technology sector include the failure to obtain, or delays in obtaining, financing or regulatory approvals, product incompatibility, changing consumer preferences, increased government scrutiny, high required corporate capital expenditure for research and development or infrastructure and development of new products. Information technology companies are also heavily dependent on patent and other intellectual property rights, and the loss or impairment of these rights may adversely affect the company’s profitability.

Non-Diversification Risk. To the extent the Fund becomes non-diversified the Fund may invest a greater portion of its assets in the obligations or securities of a small number of issuers or any single issuer than a diversified fund can. In such circumstances, a change in the value of one or a few issuers’ securities will therefore affect the value of the Fund more than if it was a diversified fund.

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.

Non-Correlation Risk. The Fund’s return may not match the return of the Underlying Index for a number of reasons. For example, the Fund incurs operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities, especially when rebalancing and reconstituting the Fund’s securities holdings to reflect changes in the composition of the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and differences between the Fund’s portfolio and the Underlying Index resulting from legal restrictions, costs or liquidity constraints.

As a seasoned financial expert with a deep understanding of mutual funds and equity investments, I'll delve into the details of the information provided regarding the mutual fund "US EquityClass R6" with ticker symbol IVNQX.

Morningstar Rating and Performance:

The Morningstar Rating™ is a valuable metric for evaluating the historical performance of a mutual fund. In this case, as of 12/31/2023, the fund has an overall rating of 4 stars out of 1,120 funds in the Large Growth category. This is based on its performance over the 3-, 5-, and 10-year periods. Morningstar's risk-adjusted return measure considers variations in monthly performance, placing emphasis on downward variations and rewarding consistent performance.

Management Team:

The fund is managed by a team of seasoned professionals, including Peter Hubbard, Pratik Doshi, CFA, Michael Jeanette, and Tony Seisser, each serving as a Portfolio Manager. Their collective expertise plays a crucial role in shaping the fund's strategy and performance.

Top Equity Holdings:

As of 12/31/2023, the top equity holdings of the fund include well-established companies such as Apple, Microsoft, Amazon, Broadcom, Meta Platforms, Nvidia, Tesla, Alphabet 'A' and 'C', and Costco Wholesale. These holdings collectively contribute to the fund's performance and reflect its investment strategy.

Annualized Benchmark Returns:

The fund's performance is benchmarked against the NASDAQ-100 Total Return Index and the NASDAQ Composite Total Return Index. The provided figures for monthly, quarterly, 1-year, 3-year, 5-year, and 10-year returns give investors a comparative perspective on how the fund has performed against these benchmarks.

Expense Ratio and Fees:

The expense ratio per prospectus provides details on the fund's management fee, 12b-1 fee, and other expenses. As of the most recent update, the net expense ratio, after factoring in contractual waivers/reimbursements, stands at 0.29%. It's crucial for investors to consider these expenses when evaluating the overall cost of investing in the fund.

Sector Breakdown, Asset Mix, and Fund Characteristics:

The sector breakdown and asset mix highlight the fund's diversification and exposure to different industries and geographic regions. Fund characteristics such as 3-year alpha, beta, R-squared, Sharpe ratio, and standard deviation offer insights into risk and return metrics.

Top Countries and Industries:

Understanding the geographical and sectoral distribution of the fund's investments is essential for assessing its exposure and potential risks. As of 12/31/2023, the fund has a significant allocation to the United States and is invested across various industries, with a notable focus on semiconductors and technology.

Risks Associated with the Fund:

The provided information about risks associated with the fund includes market risk, investing in stocks risk, index risk, industry concentration risk, information technology sector risk, non-diversification risk, depositary receipts risk, derivatives risk, and non-correlation risk. Investors should carefully consider these risks before making investment decisions.

In summary, this mutual fund, US EquityClass R6 (IVNQX), has demonstrated a strong historical performance, boasts a diversified portfolio managed by an experienced team, and provides a comprehensive overview of its expenses, benchmark performance, and associated risks. Investors should conduct further due diligence and consider their investment objectives before making investment decisions.

Product Detail Invesco NASDAQ 100 Index Fund (2024)
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