Invesco Macro Allocation Strategy Fund (GMSHX)
The investment seeks a positive absolute return over a complete economic and market cycle. The fund's portfolio management team allocates across three asset classes: equities, fixed income and commodities, such that no one asset class drives the fund's performance. Its exposure to these three assets classes will be achieved substantially through investments in derivative instruments including but not limited to futures, options, currency forward contracts and swap agreements.
Fund Info
US00142R5880
Sep 25, 2012
$1,000
Expense Ratio
GMSHX has a high expense ratio of 1.16%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
GMSHX
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^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of GMSHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.14% | -0.28% | -0.00% | 0.00% | 0.85% | ||||||||
| 2024 | 2.26% | 1.56% | 1.54% | -0.76% | 0.13% | -1.14% | 0.77% | -1.40% | 0.00% | -0.65% | -0.26% | -0.10% | 1.89% |
| 2023 | -0.80% | 0.54% | -0.53% | 0.94% | -0.93% | -0.53% | 0.27% | 0.67% | 1.20% | -1.05% | 1.33% | 0.44% | 1.51% |
| 2022 | -5.39% | -0.62% | 0.25% | -1.62% | 0.38% | -1.89% | 0.51% | -1.40% | -1.55% | 0.00% | -1.05% | -0.00% | -11.83% |
| 2021 | 0.22% | 0.44% | -0.33% | 0.55% | 1.31% | 0.32% | 0.43% | 1.17% | -3.58% | 1.09% | 0.86% | -3.14% | -0.80% |
| 2020 | -2.96% | -2.69% | -3.13% | -0.25% | -0.25% | 0.25% | 3.11% | 2.30% | -1.30% | -1.32% | 6.79% | 3.40% | 3.52% |
| 2019 | -0.99% | 1.77% | 2.39% | 3.61% | -5.43% | 1.30% | 1.39% | 1.37% | -1.56% | 0.85% | -0.31% | -0.09% | 4.07% |
| 2018 | 1.79% | -2.69% | -0.42% | 2.24% | 0.21% | -0.10% | 0.42% | 0.10% | -1.35% | -6.63% | 1.58% | 1.65% | -3.49% |
| 2017 | -0.33% | 0.76% | -0.00% | 0.32% | 1.61% | -2.33% | 1.08% | 0.96% | 0.21% | 2.12% | 0.93% | -2.47% | 2.82% |
| 2016 | -0.31% | 1.67% | -1.64% | 2.50% | 0.71% | 1.82% | 1.88% | -0.39% | 1.46% | -0.87% | 0.97% | 1.33% | 9.44% |
| 2015 | 1.77% | -2.60% | 2.18% | -2.90% | -0.10% | -4.49% | 3.76% | -3.53% | 0.42% | 1.04% | 1.44% | 0.22% | -3.12% |
| 2014 | -0.69% | -2.40% | -0.51% | 1.03% | 3.05% | 0.49% | -0.30% | 1.77% | -3.10% | 0.40% | 2.89% | 0.44% | 2.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMSHX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Macro Allocation Strategy Fund (GMSHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Invesco Macro Allocation Strategy Fund provided a 110.03% dividend yield over the last twelve months, with an annual payout of $7.79 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.79 | $0.65 | $0.12 | $0.00 | $0.52 | $0.00 | $0.70 | $0.03 | $0.42 | $1.31 | $0.25 | $0.37 |
Dividend yield | 110.03% | 9.23% | 1.63% | 0.00% | 6.06% | 0.00% | 7.96% | 0.30% | 4.48% | 14.18% | 2.59% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Macro Allocation Strategy 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $7.14 | $0.00 | $7.14 | ||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $1.31 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2014 | $0.37 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Macro Allocation Strategy 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 Macro Allocation Strategy Fund was 21.16%, occurring on Mar 19, 2020. Recovery took 370 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.16% | Dec 16, 2019 | 65 | Mar 19, 2020 | 370 | Sep 7, 2021 | 435 |
| -18.39% | Sep 8, 2021 | 446 | Jun 15, 2023 | — | — | — |
| -11.92% | May 21, 2013 | 206 | Mar 14, 2014 | 637 | Sep 22, 2016 | 843 |
| -10.63% | Jan 25, 2018 | 192 | Oct 26, 2018 | 124 | Apr 29, 2019 | 316 |
| -5.53% | May 1, 2019 | 23 | Jun 3, 2019 | 136 | Dec 13, 2019 | 159 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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