Fund Facts  

Inception Date: Aug 3, 1960
Ticker Symbol: ACEIX
Morningstar Category:Moderate Allocation
As of Mar 31, 2016
Fund Net Assets ($millions) $13,034

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks current income and, secondarily, capital appreciation.

Principal Investment Strategies  

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity and income securities, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests, under normal circumstances, at least 65% of its net assets in income-producing equity investments, such as dividend paying common or preferred stocks. The fund may invest up to 25% of its net assets in securities of foreign issuers or depositary receipts.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Invesco Equity and Incomea-1.03%-1.03%-3.37%6.38%7.04%5.71%10.11%
Russell 1000 Value Indexa,b1.64%1.64%-1.54%9.38%10.25%5.72%N/A
Morningstar Moderate Allocationa,c0.88%0.88%-2.85%5.22%5.88%4.95%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa0.81%
Fee waiver and/or expense reimbursement0.01%
Total expenses0.80%

A contractual expense waiver exists for this fund and will expire on 06-30-2017.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) 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. ICMA-RC does not independently verify Morningstar data.

b. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 17, 2016Mar 17, 2016$0.040600000
Dec 11, 2015Dec 11, 2015$0.372200000
Sep 17, 2015Sep 17, 2015$0.041600000
Mar 15, 2012Mar 15, 2012$0.038600000
Dec 9, 2011Dec 9, 2011$0.048800000
Sep 15, 2011Sep 15, 2011$0.038600000
Jun 16, 2011Jun 16, 2011$0.038600000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 3 Stars856
3-Year 3 Stars856
5-Year 3 Stars744
10-Year 3 Stars504

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox
Large Value
Allocation of Assets As of Dec 31, 2015
Type of Asset Percent
Equity65%
Fixed Income24%
Cash/Other11%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Dec 31, 2015
Asset ClassPercent
Domestic Stock57.6%
Foreign Stock7.1%
Domestic Bond15.4%
Foreign Bond1.8%
Preferred1.2%
Convertible5.6%
Cash11.4%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Dec 31, 2015
SectorPercent
Corporate17.5%
Cash & Equivalents11.4%
Government6.2%
Securitized0.3%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Dec 31, 2015
Quality LevelPercent
AAA6.6%
AA34.5%
A22.4%
BBB35.3%
BB0.5%
B0.0%
Below B0.0%
Not Rated0.6%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Dec 31, 2015
Holding NamePercent
JPMorgan Chase & Co3.2%
Citigroup Inc3.1%
General Electric Co2.5%
US Treasury Note 1.625%2.5%
Bank of America Corporation1.9%
Morgan Stanley1.6%
US Treasury Note 2.25%1.3%
Carnival Corp1.3%
PNC Financial Services Group Inc1.3%
Citizens Financial Group Inc1.3%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.890.85
Alpha1.521.84
Standard Deviation8.729.52
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

The fund company imposes trading restrictions for this investment. If you transfer $5,000 or more out of this investment, you will have limited opportunities to transfer back into this investment for 30 days. Your transfers in will be limited to under $5,000 for a 30-day period following a transfer out of $5,000 or more. Full details are provided in the fund's prospectus.

 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) 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. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.