Invesco India largecap Fund Payout of Income Dist cum Capital Wtdrl INF205K01320

Invesco India largecap earns a Below Average Process Pillar rating.

The process benefits from the experience of the management team, which averages 12 years at this fund. However, the rating is held back by its parent firm's disappointing risk-adjusted performance, as shown by the firm's average 10-year Morningstar Rating of 2.7 stars. A lower star rating suggests that the firm has struggled to outperform on a risk-adjusted basis. The parent firm's five-year risk-adjusted success ratio of 50% also holds the process back. The measure indicates the percentage of a firm's funds that have beat their respective category's median return for the period. The parent's subpar success ratio suggests that the firm could do better across its fund lineup.

This strategy skews toward smaller, higher-growth companies than its average peer in the Large-Cap Morningstar Category. Analyzing additional factors, the managers have been consistently underweighting yield compared with the Morningstar Category peer over recent years. Its preference for stocks with lower yields may well lead to a growthier portfolio. However, growth stocks court additional risks if their forecasts do not come to fruition and are often more volatile than companies with stable dividends. In the latest month, the strategy was also less exposed to the Yield factor compared with Morningstar Category peers. This strategy has had more exposure to high-momentum stocks over its peers in recent years. Momentum is based on the premise that stocks that have recently outperformed will continue to outperform, and those that have underperformed will stay behind. Compared with category peers, the strategy also had more exposure to the Momentum factor in the most recent month. Given the high trading volume of holdings, this fund also tilts toward liquid assets. Such stocks may have less potential upside than illiquid holdings, but they are easier to trade during market downturns. In this month, the strategy also had more exposure to the Liquidity factor over its peers. More information on a fund and its respective category's factor exposure can be found in the Factor Profile module within the Portfolio section.

The portfolio is overweight in consumer cyclical by 4.1 percentage points in terms of assets compared with the category average, and its industrials allocation is similar to the category. The sectors with low exposure compared with category peers are basic materials and financial services, underweight the average by 3.9 and 2.5 percentage points of assets, respectively. The portfolio is composed of 48 holdings and is diversified among those holdings. In its most recent portfolio, 45.3% of the strategy's assets were concentrated in the top 10 fund holdings, as opposed to the category’s 51.2% average.