Fund Facts  

Inception Date: Aug 3, 1960
CUSIP: 00142J479
Ticker Symbol: ACEIX
Morningstar Category:Allocation--50% to 70% Equity
As of Sep 30, 2020
Fund Net Assets ($millions) $11,137

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 Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2020
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Invesco Equity and Incomea3.75%-5.57%-0.45%1.89%6.14%7.71%9.87%
Russell 1000 Value Indexa,b5.59%-11.58%-5.03%2.63%7.66%9.95%N/A
Morningstar Allocation -- 50% to 70% Equitya,c4.97%1.30%6.28%5.71%7.45%7.53%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, participants or plan sponsors in an ICMA-RC administered account can log in at www.icmarc.org, or institutions can go to www.vantagepointfunds.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.

Fund Expensesa,d
Gross Expenses0.80%
Net Expenses0.79%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2020 All rights reserved. This information: (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 information. Morningstar is a registered trademark of Morningstar, Inc.

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 represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 17, 2020Sep 17, 2020$0.039100000
Jun 18, 2020Jun 18, 2020$0.039100000
Mar 19, 2020Mar 19, 2020$0.038900000
Dec 13, 2019Dec 13, 2019$0.528600000
Sep 19, 2019Sep 19, 2019$0.038900000
Jun 20, 2019Jun 20, 2019$0.038900000
Mar 21, 2019Mar 21, 2019$0.038900000
Dec 14, 2018Dec 14, 2018$0.695700000
Sep 13, 2018Sep 13, 2018$0.038900000
Jun 21, 2018Jun 21, 2018$0.038900000
Mar 22, 2018Mar 22, 2018$0.038900000
Dec 13, 2017Dec 13, 2017$0.621100000
Sep 14, 2017Sep 14, 2017$0.038900000
Jun 15, 2017Jun 15, 2017$0.038900000
Mar 16, 2017Mar 16, 2017$0.038900000
Dec 13, 2016Dec 13, 2016$0.352900000
Sep 15, 2016Sep 15, 2016$0.040600000
Jun 16, 2016Jun 16, 2016$0.040600000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2020
Period Stars Category Size
Overall 3 Stars638
3-Year 2 Stars638
5-Year 2 Stars581
10-Year 3 Stars414

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2020
Equity Stylebox Fixed Income Stylebox
Large ValueMedium Moderate
Allocation of Assets As of Jun 30, 2020
Type of Asset Percent
Equity65%
Fixed Income30%
Cash/Other5%

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

 
 

Characteristics

Allocation of Assets As of Jun 30, 2020
Asset ClassPercent
Domestic Stock56.4%
Foreign Stock8.6%
Domestic Bond16.0%
Foreign Bond3.0%
Preferred0.6%
Convertible10.1%
Cash5.4%
Other0.0%

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

 

Equity Sector As of Jun 30, 2020
SectorPercent
Financial Services16.2%
Healthcare11.5%
Technology8.8%
Industrials6.9%
Consumer Cyclical4.5%
Consumer Defensive4.5%
Energy4.4%
Basic Materials3.1%
Communication Services3.0%
Utilities2.0%

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

 
Credit Quality As of Jun 30, 2020
Quality LevelPercent
AAA35.9%
AA6.6%
A20.7%
BBB35.9%
BB0.8%
B0.0%
Below B0.0%
Not Rated0.0%

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

 
Top Ten Holdings As of Jun 30, 2020
Holding NamePercent
Citigroup Inc2.1%
Philip Morris International Inc2.0%
Bank of America Corp2.0%
Morgan Stanley1.8%
General Dynamics Corp1.8%
Goldman Sachs Group Inc1.8%
Johnson & Johnson1.8%
General Motors Co1.7%
American International Group Inc1.6%
CSX Corp1.6%
Fixed Income Sector As of Jun 30, 2020
SectorPercent
Corporate25.0%
Cash & Equivalents5.4%
Government4.5%
Securitized0.2%
Municipal0.1%
Derivative0.0%

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

 
 

Statistics

Portfolio Statistics As of Sep 30, 2020
Statistic3-Year5-Year
Beta0.770.78
Alpha-0.79-0.24
Standard Deviation14.3312.28
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials 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 or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2020 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.