Download Invesco Comstock Fund fact sheet: Inst`l ret shares

VK-COM-PC-3_FactSheet 7/12/2017 3:59 PM Page 1
Mutual Fund Retirement Share Classes
Data as of June 30, 2017
Invesco Comstock Fund
Large-cap value
Investment Objective
The fund seeks total return through growth of capital
and current income.
Portfolio Management
Kevin C. Holt, Devin E. Armstrong, Charles DyReyes,
James Warwick
A contrarian approach that utilizes a long-term investment time horizon by
making early and patient investments in large undervalued companies,
seeking to take advantage of significant discrepancies between the current
stock market price and the underlying value of a company.
Investment Results
Average Annual Total Returns (%) as of June 30, 2017
Fund Facts
A: ACSTX C: ACSYX Y: ACSDX
R: ACSRX R6: ICSFX R5: ACSHX
Total Net Assets
$11,984,765,150
Total Number of Holdings
75
Annual Turnover (as of 04/30/17)
18%
Distribution Frequency
Quarterly
Distribution Accrual
Quarterly
Class A Shares Class Y Shares Class R Shares
Nasdaq
Top 5 Holdings
(% of Total Net Assets)
Citigroup Inc.
6.03
Bank of America Corp.
JPMorgan Chase & Co.
Carnival Corp.
Cisco Systems Inc.
4.63
3.94
3.30
2.52
Holdings are subject to change and are not buy/sell
recommendations.
Expense Ratios
Class A Shares
Class Y Shares
Class R Shares
Class R6 Shares
Class R5 Shares
% Net
% Total
0.85
0.60
1.10
0.40
0.50
0.86
0.61
1.11
0.41
0.51
Per the current prospectus
Net = Total annual operating expenses less any contractual fee
waivers and/or expense reimbursements by the adviser in effect
through at least June 30, 2018. See current prospectus for
more information.
Statistics
Fund vs. Index
Alpha (%)
Beta
Up Capture (%)
Down Capture (%)
3-Year Standard Deviation
3 Years
-2.75
1.18
105.46
121.00
Fund
13.01
5 Years
-2.06
1.11
103.30
114.22
Index
10.53
Source: StyleADVISOR; based on Class A shares and fund's
style-specific index
30-Day SEC Yields
Class A Shares
Class R Shares
Class R5 Shares
Class R6 Shares
Class Y Shares
1.37
1.21
1.77
1.87
1.70
Had fees not been waived and/or expenses reimbursed, the SEC
yields would have been 1.36% for Class A shares, 1.20% for
Class R shares, 1.76% for Class R5 shares, 1.86% for Class R6
shares and 1.69% for Class Y shares.
Inception:
10/07/68
Period
Inception
10 Years
5 Years
3 Years
1 Year
Quarter
NAV
10.87
5.73
13.12
5.52
21.96
1.46
Inception:
10/29/04
NAV
7.53
6.00
13.40
5.77
22.22
1.48
Inception:
10/01/02
NAV
9.09
5.47
12.84
5.26
21.60
1.40
Class R6
Shares
Class R5
Shares
Inception:
09/24/12
Inception:
06/01/10
NAV
5.95
13.59
5.96
22.40
1.52
NAV
6.00
13.51
5.87
22.34
1.50
StyleSpecific
Index
Russell
1000 Value
Index
5.57
13.94
7.36
15.53
1.34
Performance quoted is past performance and cannot guarantee comparable future results; current performance
may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Performance
figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value
will vary, and you may have a gain or a loss when you sell shares. Class A shares at NAV are available only to
certain investors and have no sales charge; therefore, performance is at NAV. Class Y shares have no sales
charge; therefore, performance is at NAV. Class R shares have no sales charge; therefore, performance is at NAV.
Performance shown prior to the inception date of Class R6 shares is that of Class A shares and includes the 12b-1
fees applicable to Class A shares. Class R6 shares have no sales charge; therefore, performance is at NAV.
Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12b-1
fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.
Returns less than one year are cumulative; all others are annualized. Fund performance reflects any applicable fee
waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses currently
or in the past, returns would have been lower. See current prospectus for more information. Index returns do not
reflect any fees, expenses, or sales charges.
Index source: FactSet Research Systems Inc.
Calendar Year Total Returns (%)
Class A Shares at NAV
2007
2008
2009
-1.89 -35.89
29.45
2010
15.60
2011
-1.97
2012
18.90
2013
35.24
2014
9.12
2015
-5.93
2016
17.83
YTD
3.42
Class A shares at NAV and Class Y shares are available only to certain investors. Class R shares are generally available only to
employee benefit plans. Class R6 shares and Class R5 shares are primarily intended for retirement plans that meet certain
standards and for institutional investors. See the prospectus for more information.
The fund holdings are organized according to the Global Industry Classification Standard, which was developed by and is the
exclusive property and service mark of MSCI Inc. and Standard & Poor’s.
The Russell 1000® Value Index is an unmanaged index considered representative of large-cap value stocks. The Russell 1000
Value Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. An investment
cannot be made directly in an index.
12-month forward and trailing P/E are calculated using weighted harmonic averaging, which helps avoid extreme results that
may occur due to small relative numbers in the denominator. It doesn’t exclude extreme values; instead, it reduces the effect of
outliers on the aggregate calculation. The price/book ratio is the market price of a stock divided by the book value per share.
Return on equity (ROE) is net income divided by net worth. The median 12-Month Fwd. Growth Rate is the percent change
between the next twelve months' mean EPS estimate and the previous twelve months' actuals. The three-year EPS growth rate is
a weighted average of each stock's growth rate in earnings per share (EPS). EPS is total earnings divided by the number of shares
outstanding. The five-year dividend growth rate is the weighted average of each stock's annualized percentage rate of growth in
dividend yield over five years. The three-year EPS and five-year dividend growth rates are not forecasts of fund performance.
Alpha (cash adjusted) is a measure of performance on a risk-adjusted basis. Beta (cash adjusted) is a measure of relative risk and
the slope of regression. The up and down capture measures how well a manager was able to replicate or improve on periods of
positive benchmark returns and how severely the manager was affected by periods of negative benchmark returns. Standard
deviation measures a fund’s range of total returns and identifies the spread of a fund’s short-term fluctuations.
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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. Had fees not been waived and/or
expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Class A shares received 3 stars for the overall, 2 stars
for the three years, 3 stars for the five years and 3 stars for the 10 years. The fund was rated among 1,091, 1,091, 936 and 681 funds within the
Morningstar Large Value Category for the overall period, three, five and 10 years, respectively.
Overall Morningstar Rating™
(Class A shares as of
June 30, 2017)
AAA
Source: ©2017 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 is
no guarantee of future results. Ratings are as of the most recent quarter end and are subject to change every month. 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 for other share classes may differ due to different performance characteristics.
Morningstar Rankings
Valuation Statistics
Class A Shares vs. Morningstar Large Value Category
1 Year
11% (135 of 1,251)
3 Years
75% (816 of 1,091)
5 Years
39% (360 of 936)
10 Years
36% (243 of 681)
Source: Morningstar Inc. Morningstar rankings are based on
total return, excluding sales charges and including fees and
expenses versus all funds in the Morningstar category. Openend mutual funds and exchange-traded funds are considered a
single population for comparison purposes. Had fees not been
waived and/or expenses reimbursed currently or in the past,
the ranking would have been lower.
Lipper Rankings
Class A Shares vs. Lipper Large-Cap Value Funds
Category
1 Year
16% (76 of 476)
3 Years
5 Years
10 Years
79% (327 of 413)
43% (156 of 364)
27% (68 of 252)
Source: Lipper Inc. Lipper fund percentile rankings are based
on total returns, excluding sales charges and including fees and
expenses, and are versus all funds in the Lipper category. Fund
performance reflects any applicable fee waivers and/or expense
reimbursements. Had fees not been waived and/or expenses
reimbursed currently or in the past, the ranking would have
been lower.
Top Industries
(% of Total Net Assets)
Diversified Banks
17.02
Integrated Oil & Gas
Pharmaceuticals
Regional Banks
Oil & Gas Exploration & Production
Asset Management & Custody Banks
Hotels, Resorts, & Cruise Lines
Investment Banking & Brokerage
Life & Health Insurance
Communications Equipment
12-Month Forward P/E
12-Month Trailing P/E
Price/Book (Wtd. Avg.)
1-Year ROE (Wtd. Avg.)
12-Month Fwd. Growth Rate
(Median) (%)
3-Year EPS Growth Rate (Wtd.
Avg.) (%)
5-Year Dividend Growth Rate
(Wtd. Avg.) (%)
Weighted Average Market Cap
($MM)
Weighted Median Market Cap
($MM)
Fund
Index
13.89
15.81
2.26
10.03
15.82
16.91
2.52
11.73
11.14
8.75
6.44
4.25
15.39
11.08
108,146 114,435
60,425
Equity Sector Breakdown
Financials
Energy
Health Care
Information Technology
Industrials
Consumer Discretionary
Consumer Staples
Materials
Telecommunication Services
Utilities
Real Estate
(% of Total Net Assets)
36.19
14.00
12.64
10.09
9.44
9.06
3.71
1.92
0.76
0.59
0.00
65,479
Source: FactSet Research Systems Inc.
About Risk
Derivatives may be more volatile and less liquid
than traditional investments and are subject to market,
interest rate, credit, leverage, counterparty and
management risks. An investment in a derivative could
lose more than the cash amount invested.
The risks of investing in securities of foreign
issuers, including emerging markets, can include
fluctuations in foreign currencies, political and
economic instability, and foreign taxation issues.
Stocks of small and mid-sized companies tend to be
more vulnerable to adverse developments, may be
more volatile, and may be illiquid or restricted as to
resale.
A value style of investing is subject to the risk that
the valuations never improve or that the returns will
trail other styles of investing or the overall stock
markets.
The fund is subject to certain other risks. Please
see the current prospectus for more information
regarding the risks associated with an investment in
the fund.
8.47
6.80
5.63
4.62
3.39
3.30
3.16
2.58
2.52
Holdings are subject to change and are not buy/sell
recommendations.
Asset Mix (%)
Domestic Common Stk
Int'l Common Stk
Cash
Other
06/30/17
06/30/16
83.19
15.50
1.64
-0.33
85.87
11.94
1.86
0.33
A negative in Cash or Other, as of the date shown, is normally
due to fund activity that has accrued or is pending settlement.
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses.
For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus.
Note: Not all products available at all firms. Advisors, please contact your home office.
All data provided by Invesco unless otherwise noted.
Invesco Comstock Fund
52
VK-COM-PC-3
07/17
invesco.com/us
Invesco Distributors, Inc.