Invesco Balanced-Risk Commodity Strat R5 (BRCNX)
| Fund Assets | 993.07M |
| Expense Ratio | 1.15% |
| Min. Investment | $1,000,000 |
| Turnover | 87.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 4.37% |
| Dividend Growth | 34.23% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 7.41 |
| YTD Return | 13.51% |
| 1-Year Return | 9.42% |
| 5-Year Return | 72.31% |
| 52-Week Low | 6.45 |
| 52-Week High | 7.48 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Nov 30, 2010 |
About BRCNX
The Invesco Balanced-Risk Commodity Strategy Fund R5 is a mutual fund designed to deliver total return by investing primarily in derivatives and other commodity-linked instruments. Its core objective is to provide diversified exposure to a broad range of commodities without taking direct ownership of the physical assets. The fund strategically allocates risk across four major commodity sectors: agriculture and livestock, energy, industrial metals, and precious metals. This approach seeks to balance potential risks and returns among the various segments of the commodities market, rather than relying on price movements in a single sector. A notable feature of the fund is its significant allocation—typically between 40% and 70%—to cash and cash equivalent instruments, including affiliated money market funds. This structure serves both as collateral for derivatives exposure and as a risk-mitigation tool. Managed by Invesco, the fund employs sophisticated derivatives and swap contracts, such as commodity index-linked notes and futures, to achieve its investment objectives while adhering to regulatory requirements and managing tax implications. The fund is broadly categorized within the commodities broad basket segment, making it a significant vehicle for investors seeking diversified access to global commodity markets and aiming to hedge against inflation or diversify beyond traditional asset classes.
Performance
BRCNX had a total return of 9.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.68%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Short-Term Investment Trust - Invesco Treasury Portfolio | TRPXX | 32.05% |
| Invesco Cayman Commodity Fund Iii Hf Hedge | n/a | 23.84% |
| Short-Term Investment Trust - Invesco Government & Agency Portfolio | AGPXX | 17.31% |
| United States Treasury Notes 4.04846% | TF.0 04.30.26 | 7.06% |
| United States Treasury Notes 4.14346% | TF.0 01.31.26 | 6.86% |
| United States Treasury Notes 4.08046% | TF.0 07.31.26 | 6.80% |
| Bank of Montreal 0.03% | BMO.0 07.06.26 000H | 2.55% |
| Royal Bk Cda Medium Term Sr Bk Nts 144A 0.1% | n/a | 1.83% |
| Societe Generale S.A. 0% | SOCGEN.0 03.30.26 EMTN | 1.49% |
| Usd Currency Cash | n/a | 0.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.3239 | Dec 16, 2024 |
| Dec 15, 2023 | $0.2413 | Dec 15, 2023 |
| Dec 16, 2022 | $0.6912 | Dec 16, 2022 |
| Dec 16, 2021 | $1.1816 | Dec 16, 2021 |
| Dec 13, 2019 | $0.0586 | Dec 13, 2019 |
| Dec 14, 2018 | $0.0181 | Dec 14, 2018 |