Invesco Exchange Fund (ACEHX)
The fund accepts, in exchange for fund shares, large blocks of individual securities with large unrealized appreciation. This exchange is a non-taxable event. The fund invests primarily in common stocks and convertible securities. It may not invest in other investment companies.
Fund Info
| ISIN | US46132M1053 |
|---|---|
| Issuer | Invesco |
| Inception Date | Dec 16, 1976 |
| Category | Large Cap Value Equities |
| Minimum Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
The Invesco Exchange Fund has a high expense ratio of 0.54%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Performance
The chart shows the growth of an initial investment of $10,000 in Invesco Exchange Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Invesco Exchange Fund had a return of -6.91% year-to-date (YTD) and -6.42% in the last 12 months. Over the past 10 years, Invesco Exchange Fund had an annualized return of 5.40%, while the S&P 500 had an annualized return of 9.70%, indicating that Invesco Exchange Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -6.91% | 18.49% |
| 1 month | -1.43% | 4.20% |
| 6 months | -3.61% | 6.60% |
| 1 year | -6.42% | 15.43% |
| 5 years (annualized) | 4.78% | 11.59% |
| 10 years (annualized) | 5.40% | 9.70% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -6.65% | 6.65% | 3.57% | -2.78% | -2.56% | -4.40% | 2.50% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Invesco Exchange Fund (ACEHX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ACEHX Invesco Exchange Fund | -0.53 | ||||
^GSPC S&P 500 | 1.00 |
Dividend History
Invesco Exchange Fund granted a 3.96% dividend yield in the last twelve months. The annual payout for that period amounted to $24.85 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $24.85 | $24.10 | $12.69 | $15.15 | $29.48 | $11.11 | $12.81 | $14.02 | $81.60 | $5.36 | $6.83 | $5.00 |
Dividend yield | 3.96% | 3.53% | 1.83% | 2.49% | 4.63% | 2.04% | 2.24% | 2.64% | 17.32% | 0.92% | 1.23% | 1.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Exchange Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $3.25 | $0.00 | $0.00 | $3.25 | $0.00 | $0.00 | |
| 2022 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $3.50 | $0.00 | $0.00 | $16.10 |
| 2021 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $5.94 |
| 2020 | $0.00 | $0.00 | $2.75 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $7.90 |
| 2019 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $3.68 | $0.00 | $0.00 | $21.30 |
| 2018 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $4.36 |
| 2017 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $6.06 |
| 2016 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $2.25 | $0.00 | $0.00 | $7.27 |
| 2015 | $0.00 | $0.00 | $2.00 | $0.00 | $0.00 | $2.00 | $0.00 | $0.00 | $75.05 | $0.00 | $0.00 | $2.55 |
| 2014 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.36 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.50 |
| 2013 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $3.08 | $0.00 | $0.00 | $1.25 |
| 2012 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Exchange Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Exchange Fund was 48.67%, occurring on Oct 9, 2002. Recovery took 1150 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.67% | Aug 24, 2000 | 530 | Oct 9, 2002 | 1150 | May 9, 2007 | 1680 |
| -45.95% | May 21, 2008 | 128 | Nov 20, 2008 | 594 | Apr 1, 2011 | 722 |
| -34.18% | Jan 27, 2020 | 40 | Mar 23, 2020 | 205 | Jan 13, 2021 | 245 |
| -32.64% | Aug 26, 1987 | 44 | Oct 26, 1987 | 410 | May 22, 1989 | 454 |
| -21.14% | Jul 24, 2014 | 376 | Jan 20, 2016 | 120 | Jul 12, 2016 | 496 |
Volatility Chart
The current Invesco Exchange Fund volatility is 2.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.