Invesco Equity and Income A (ACEIX – MF report) a Zacks Ranked #2 (Buy) seek highest possible income consistent with safety of principal. Long-term growth of capital is an important secondary objective. ACEIX invests at least 65% of its assets in income-producing equity securities (including common stocks, preferred stocks and convertible securities) and investment-grade debt securities. The securities are rated BBB or higher by Standard and Poor’s (‘S&P’) or Baa higher by Moody’s Investor Services or unrated securities determined by the fund’s investment adviser to be of comparable quality.
This Large Value fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond, Large Growth. Further, as of the last filing, Citigroup (C), JPMorgan Chase & Co (JPM), and General Electric (GE) were the top holdings for ACEIX.
The Invesco Equity and Income A fund, managed by Invesco, carries an expense ratio of 0.78, and requires a minimal initial investment of $1,000.
ACEIX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, and 5 year benchmarks; 1 year 6.18%, 3 years 13.42%, and 5 years 11.6%. To see how this fund performed compared in its category, please click here.
ACEIX’s performance, as of the last filing, when compared to funds in its category was in the top 34% in 1 year, top 39% over the past 3 years, and in the 58% over the past 5 years.
