Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
INVESCO Greater China Fund
mutual fund
CACFX
Payout Change
Pending
Price as of:
$16.46
+0.14
+0.86%
primary theme
China Region Equity
share class
CACFX (Mutual Fund)
INVESCO Greater China Fund
Payout Change
Pending
Price as of:
$16.46
+0.14
+0.86%
primary theme
China Region Equity
share class
CACFX (Mutual Fund)
INVESCO Greater China Fund
Payout Change
Pending
Price as of:
$16.46
+0.14
+0.86%
primary theme
China Region Equity
share class
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.7%
1 yr return
5.9%
3 Yr Avg Return
-10.2%
5 Yr Avg Return
-5.4%
Net Assets
$56.5 M
Holdings in Top 10
45.9%
52 WEEK LOW AND HIGH
$16.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.30%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CACFX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -10.2%
- 5 Yr Annualized Total Return -5.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.52%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINVESCO Greater China Fund
-
Fund Family NameINVESCOFDS
-
Inception DateMar 31, 2006
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMike Shiao
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity or equity-related instruments issued by companies located or operating in Greater China and in other instruments that have economic characteristics similar to such securities. For this purpose, Greater China currently includes mainland China, Hong Kong, Macau and Taiwan. Up to 20% of the Fund’s net assets may be invested in equity and equity-related instruments issued by companies or entities not meeting the above requirement or debt securities (including convertible debt) of issuers worldwide.
Companies located or operating in Greater China include (i) companies and other entities having their registered office in Greater China, their governments or any of their respective agencies or instrumentalities or any local government, (ii) companies and other entities located outside Greater China carrying out their business activities principally (50% or more by revenue, profit, assets or production) in Greater China, (iii) holding companies, the interests of which are principally invested in subsidiary companies with a registered office in Greater China, or (iv) companies whose “country of risk” is a country in Greater China as determined by a third party service provider.
The Fund invests primarily in equity securities, including depositary receipts, common stock, preferred stock, convertible securities and participation notes. The Fund also invests in China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange).
The Fund may invest in the securities of issuers of all capitalization sizes and may hold a significant amount of its net assets in the securities of small- and mid-capitalization issuers.
The Fund may invest up to 100% of its net assets in foreign securities, including securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.
The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended.
In selecting securities to buy and sell, the Fund’s portfolio managers will apply an actively managed bottom-up fundamental analysis with a ‘sustainable value’ investment style. This means that the portfolio managers focus on acquiring companies the portfolio managers believe have sustainable leadership positions and competitive advantages when they trade at a discount to their perceived or estimated value. In the security selection process, the portfolio managers will consider three main factors, including valuation, management/franchise value determination (including
management and ownership, earnings quality, balance sheet quality and product quality), and earnings growth.
The portfolio managers will consider whether to sell a particular security when the portfolio managers lose confidence in the issuer’s management, or the issuer shows an inability to sustain clear industry leadership or competitive advantages (market share, technology, scale, etc.) or potential to become a leader in the industry.
CACFX - Performance
Return Ranking - Trailing
| Period | CACFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -11.9% | 32.7% | 87.64% |
| 1 Yr | 5.9% | -11.0% | 37.6% | 88.76% |
| 3 Yr | -10.2%* | -20.4% | 4.2% | 36.14% |
| 5 Yr | -5.4%* | -13.4% | 14.7% | 92.65% |
| 10 Yr | 0.6%* | -4.5% | 10.1% | 88.00% |
* Annualized
Return Ranking - Calendar
| Period | CACFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -14.5% | -26.6% | 26.3% | 30.77% |
| 2022 | -17.3% | -41.6% | -9.4% | 4.71% |
| 2021 | -22.7% | -52.5% | 26.5% | 78.05% |
| 2020 | 22.8% | 1.3% | 138.5% | 78.57% |
| 2019 | 18.7% | 4.4% | 42.6% | 75.00% |
Total Return Ranking - Trailing
| Period | CACFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -11.9% | 32.7% | 87.64% |
| 1 Yr | 5.9% | -11.0% | 37.6% | 88.76% |
| 3 Yr | -10.2%* | -20.4% | 4.2% | 36.14% |
| 5 Yr | -5.4%* | -13.4% | 14.7% | 92.65% |
| 10 Yr | 0.6%* | -4.5% | 10.1% | 88.00% |
* Annualized
Total Return Ranking - Calendar
| Period | CACFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.5% | -25.7% | 30.1% | 38.46% |
| 2022 | -16.6% | -40.4% | -6.8% | 9.41% |
| 2021 | -22.7% | -48.9% | 29.5% | 87.80% |
| 2020 | 23.5% | 2.0% | 138.5% | 87.14% |
| 2019 | 18.7% | 7.8% | 44.4% | 86.76% |
NAV & Total Return History
CACFX - Holdings
Concentration Analysis
| CACFX | Category Low | Category High | CACFX % Rank | |
|---|---|---|---|---|
| Net Assets | 56.5 M | 1.05 M | 5.63 B | 37.36% |
| Number of Holdings | 67 | 27 | 1169 | 35.16% |
| Net Assets in Top 10 | 24 M | 603 K | 4.09 B | 38.46% |
| Weighting of Top 10 | 45.87% | 5.6% | 85.4% | 61.54% |
Top 10 Holdings
- Tencent Holdings Ltd. 12.73%
- Zijin Mining Group Co. Ltd., A Shares 5.28%
- CMOC Group Ltd., A Shares 4.27%
- Alibaba Group Holding Ltd. 3.77%
- Bank of China Ltd., H Shares 3.58%
- China Yangtze Power Co., Ltd., A Shares 3.49%
- China Construction Bank Corp., H Shares 3.33%
- Tencent Music Entertainment Group, ADR 3.18%
- Sieyuan Electric Co., Ltd., A Shares 3.16%
- Kweichow Moutai Co., Ltd., A Shares 3.08%
Asset Allocation
| Weighting | Return Low | Return High | CACFX % Rank | |
|---|---|---|---|---|
| Stocks | 97.17% | 51.72% | 113.15% | 58.24% |
| Cash | 2.83% | 0.00% | 33.85% | 43.96% |
| Preferred Stocks | 0.00% | 0.00% | 2.47% | 41.76% |
| Other | 0.00% | -0.02% | 47.32% | 47.25% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 41.38% |
| Bonds | 0.00% | 0.00% | 0.00% | 36.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CACFX % Rank | |
|---|---|---|---|---|
| Financial Services | 26.42% | 0.00% | 41.62% | 6.90% |
| Consumer Cyclical | 22.88% | 0.00% | 95.37% | 33.33% |
| Communication Services | 16.18% | 0.00% | 41.06% | 16.09% |
| Basic Materials | 8.21% | 0.00% | 19.86% | 21.84% |
| Healthcare | 7.77% | 0.00% | 100.00% | 52.87% |
| Consumer Defense | 6.35% | 0.00% | 20.13% | 56.32% |
| Technology | 5.35% | 0.00% | 58.02% | 83.91% |
| Industrials | 2.81% | 0.00% | 36.69% | 90.80% |
| Utilities | 2.11% | 0.00% | 11.37% | 31.03% |
| Energy | 1.93% | 0.00% | 19.38% | 20.69% |
| Real Estate | 0.00% | 0.00% | 22.12% | 90.80% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CACFX % Rank | |
|---|---|---|---|---|
| Non US | 91.99% | 0.00% | 100.09% | 39.56% |
| US | 5.18% | 0.00% | 100.63% | 45.05% |
CACFX - Expenses
Operational Fees
| CACFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.30% | 0.09% | 14.63% | 23.08% |
| Management Fee | 0.87% | 0.09% | 1.50% | 57.14% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.29% |
| Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
| CACFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.00% | 50.00% |
Trading Fees
| CACFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CACFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 4.00% | 241.00% | 61.48% |
CACFX - Distributions
Dividend Yield Analysis
| CACFX | Category Low | Category High | CACFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.11% | 0.00% | 8.89% | 53.85% |
Dividend Distribution Analysis
| CACFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| CACFX | Category Low | Category High | CACFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.52% | -1.17% | 3.66% | 80.46% |
Capital Gain Distribution Analysis
| CACFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.183 | OrdinaryDividend |
| Dec 16, 2022 | $0.152 | OrdinaryDividend |
| Dec 15, 2020 | $0.155 | CapitalGainLongTerm |
| Dec 13, 2019 | $0.009 | OrdinaryDividend |
| Dec 14, 2018 | $1.174 | CapitalGainShortTerm |
| Dec 14, 2018 | $2.861 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.045 | OrdinaryDividend |
| Dec 11, 2009 | $0.063 | OrdinaryDividend |
| Dec 14, 2007 | $0.647 | CapitalGainShortTerm |
| Dec 14, 2007 | $0.030 | CapitalGainLongTerm |
| Dec 15, 2006 | $0.070 | OrdinaryDividend |
CACFX - Fund Manager Analysis
Managers
Mike Shiao
Start Date
Tenure
Tenure Rank
Mar 30, 2015
7.18
7.2%
Mike Shiao has 25 years of investment experience. He joined Invesco in 2002. In April 2015, he became Chief Investment Officer, Greater China, leading the Greater China equities team. Mike was appointed as Chief Investment Officer, Asia ex Japan, in April 2016. He was previously Head of Equities for Invesco Taiwan Ltd. He moved to Invesco Hong Kong Ltd to expand his coverage to Greater China markets in 2006. Mike started his investment career in 1992 at Grand Regent Investment Ltd., where he worked for six years as a project manager supervising venture capital investments in Taiwan and China. In 1997, he joined Overseas Credit and Securities Inc. as a senior analyst covering Taiwan technology sector. Mike also worked at Taiwan International Investment Management Co., as a fund manager and was responsible for technology sector research. Mike holds a Bachelor’s degree from National Chung Hsing University, Taiwan and a Master of Science degree in Finance from Drexel University, Philadelphia.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.1 | 3.74 | 3.22 |
