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
| ISIN | US00142R5880 |
|---|---|
| Issuer | Invesco |
| Inception Date | Sep 25, 2012 |
| Category | Macro Trading |
| Min. Investment | $1,000 |
| Asset Class | Multi-Asset |
Expense Ratio
GMSHX has a high expense ratio of 1.16%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Macro Allocation Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Macro Allocation Strategy Fund had a return of 4.52% year-to-date (YTD) and 5.67% in the last 12 months. Over the past 10 years, Invesco Macro Allocation Strategy Fund had an annualized return of 1.97%, while the S&P 500 had an annualized return of 10.67%, indicating that Invesco Macro Allocation Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.52% | 9.49% |
| 1 month | -0.51% | 1.20% |
| 6 months | 5.81% | 18.29% |
| 1 year | 5.67% | 26.44% |
| 5 years (annualized) | -0.30% | 12.64% |
| 10 years (annualized) | 1.97% | 10.67% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.26% | 1.56% | 1.54% | -0.76% | 4.52% | ||||||||
| 2023 | -0.80% | 0.54% | -0.53% | 0.94% | -0.93% | -0.54% | 0.27% | 0.67% | 1.20% | -1.05% | 1.33% | 0.44% | 1.51% |
| 2022 | -5.39% | -0.62% | 0.25% | -1.61% | 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% | 1.30% | 0.32% | 0.43% | 1.17% | -3.58% | 1.09% | 0.87% | 0.46% | 2.88% |
| 2020 | -2.95% | -2.69% | -3.13% | -0.25% | -0.25% | 0.25% | 3.11% | 2.29% | -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% | -0.10% | 4.06% |
| 2018 | 1.79% | -2.69% | -0.43% | 2.24% | 0.21% | -0.10% | 0.42% | 0.10% | -1.35% | -6.63% | 1.58% | 1.64% | -3.50% |
| 2017 | -0.32% | 0.76% | 0.00% | 0.32% | 1.61% | -2.33% | 1.08% | 0.97% | 0.21% | 2.12% | 0.93% | 1.98% | 7.50% |
| 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% | -3.52% | 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% | 2.32% | 4.86% |
| 2013 | 3.16% | -1.05% | 1.55% | 1.81% | -0.66% | -3.77% | 3.33% | -0.57% | 0.76% | 2.27% | 0.09% | -0.23% | 6.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMSHX is 50, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
GMSHX (Invesco Macro Allocation Strategy Fund)
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.
Dividends
Dividend History
Invesco Macro Allocation Strategy Fund granted a 1.56% dividend yield in the last twelve months. The annual payout for that period amounted to $0.12 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.00 | $0.84 | $0.00 | $0.70 | $0.03 | $0.42 | $1.31 | $0.25 | $0.37 | $0.68 |
Dividend yield | 1.56% | 1.63% | 0.00% | 9.80% | 0.00% | 7.96% | 0.30% | 4.48% | 14.18% | 2.59% | 3.64% | 6.74% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 | $0.84 | $0.84 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2013 | $0.68 | $0.68 |
Drawdowns
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 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 368 trading sessions.
The current Invesco Macro Allocation Strategy Fund drawdown is 8.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.16% | Dec 16, 2019 | 65 | Mar 19, 2020 | 368 | Sep 2, 2021 | 433 |
| -15.35% | Sep 8, 2021 | 446 | Jun 15, 2023 | — | — | — |
| -10.63% | Jan 29, 2018 | 190 | Oct 26, 2018 | 125 | Apr 30, 2019 | 315 |
| -9% | Apr 14, 2015 | 109 | Sep 16, 2015 | 205 | Jul 11, 2016 | 314 |
| -8.16% | May 21, 2013 | 24 | Jun 24, 2013 | 254 | Jun 26, 2014 | 278 |
Volatility
Volatility Chart
The current Invesco Macro Allocation Strategy Fund volatility is 1.12%, 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.