Invesco Balanced-Risk Retirement 2040 Fund Class AX (VRGAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Target-date 2040
Style or Category
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks total return with a low to moderate correlation to traditional financial market indices- and as a secondary objective- capital preservation. The fund builds a portfolio that includes Invesco Balanced-Risk Allocation Fund- Invesco Balanced-Risk Aggressive Allocation Fund and two affiliated money market funds- Invesco Government & Agency Portfolio and Invesco Treasury Portfolio. It is designed for investors who expect to need all or most of their money in the fund at retirement and for investors who plan to withdraw the value of their account in the fund gradually after retirement. The fund is non-diversified.


1 month-0.13% 3 years+6.33%
3 months+1.92% 5 years+5.75%
1 year+7.69% Since inception+7.72%
Data through --

Peer Comparisonvs. Target-date 2040

Performance 5-yr return+5.75%+8.48%
Expense ratio1.97%0.85%
Risk 5 year sharpe ratio0.740.92
Net assets$54.5M$2.3B
Average market cap$52.6B$42.0B
Average P/E12.817.5
Portfolio turnover17%17%

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Fund Management and Purchase Info

Fund familyInvesco
Fund manager & tenureMark Ahnrud / 8 Years
Minimal initial investment$1,000.00
Minimum IRA investment$250.00


Fixed income38.70%
International stock22.28%
U.S. stock0.57%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
ALLFX Invesco Balanced-Risk Allocation Fund Class R659.04%
-- 40.57%