Invesco Balanced-Risk Commodity Strat R5 (BRCNX)

Fund Assets	1.32B
Expense Ratio	1.051%
Min. Investment	$1,000,000
Turnover	44.00%
Dividend (ttm)	0.67
Dividend Yield	7.01%
Dividend Growth	278.75%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	9.57
YTD Return	38.95%
1-Year Return	47.78%
5-Year Return	84.20%
52-Week Low	6.73
52-Week High	9.83
Beta (5Y)	0.66
Holdings	12
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.

• Fund Family: Invesco
• Category: Commodities Broad Basket
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: BRCNX
• Share Class: Class R5
• Index: Bloomberg Commodity TR

Performance

BRCNX had a total return of 47.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.05%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
IBRFX	Class R6	1.05%
BRCYX	Class Y	1.28%
BRCAX	Class A	1.53%
BRCRX	Class R	1.78%

Top 10 Holdings

99.09% of assets

Name	Symbol	Weight
Invesco Shrt-Trm Inv Treasury Instl	TRPXX	29.78%
Invesco Cayman Commodity Fund Iii Hf Hedge	n/a	23.48%
Invesco Shrt-Trm Inv Gov&Agcy Instl	AGPXX	16.08%
United States Treasury Notes 3.85322%	TF.0 04.30.28	6.94%
United States Treasury Notes 3.849%	TF.0 01.31.28	6.90%
United States Treasury Notes 3.80022%	TF.0 07.31.28	6.62%
Canadian Imperial Bank of Commerce 0.0001%	CM.114.641 10.30.26	2.47%
Royal Bank of Canada 0%	n/a	2.43%
CIBC 0.1%	CM.F 07.27.27	2.21%
Royal Bank of Canada 0.01%	n/a	2.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.937	Dec 18, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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