Invesco Equity and Income Fund

AIM Counselor Series Trust (Invesco Counselor Series Trust) · Series S000027808 · 6 share classes

Equity fund · 64% stocks· rate + credit risk filed
One fund, 6 share classes:ACEIXACERXACETXACEKXACESXIEIFX
$13.15B NAV
368 positions · as of 2026-02-28 · filed 2026-04-29
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q4

The Funds investment objective is current income and,

Strategy · summarised

The fund seeks current income by investing primarily in dividend-paying stocks, convertible securities, and investment-grade debt, with a value-oriented approach that emphasizes undervalued companies and catalysts for positive change. The portfolio managers may dispose of securities when they reach estimated value or when more attractive opportunities arise, and the fund may engage in active and frequent trading. The fund invests at least 80% of assets in equity and income securities, with substantial exposure to large-capitalization issuers, and may allocate up to 15% to REITs and up to 25% to foreign securities. Because security selection depends on the portfolio managers' identification of value and catalysts for change, fund performance will diverge from any benchmark.

Expenses
0.41% 1.50%across 6 share classes
Share classGrossNet
ACEIX0.77%0.76%
ACERX1.51%1.50%
ACETX0.52%0.51%
ACEKX0.49%0.48%
ACESX1.02%1.01%
IEIFX0.42%0.41%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 136.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

101.42%
of net assets
Stocks64.38%
Bonds29.55%
Cash & short-term7.50%
Derivatives-0.00%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 31 new28 exited

Largest new: U.S. Treasury Notes/Bonds ×6, U.S. Treasury Notes, ARE

Largest exited: U.S. Treasury Notes/Bonds ×4, GS Finance Corp., CRM, RAL, ZBRA

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Mar 2023 – Feb 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28

Avg coupon
3.35%
Avg maturity
6.40 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

3%
floating
Fixed rate91.7%
Zero-coupon or unclassified5.0%
Floating rate3.3%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y10y+
<1y13.1%
1-3y26.8%
3-5y24.0%
5-10y20.3%
10y+15.9%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.

Interest-rate duration
1.23 yr
approx. move per 100bp
Credit-spread duration
0.94 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -2.0%
of value
Interest rates57%
Credit spreads43%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+0.94
yrs total
Investment grade+0.82 yr
High yield+0.12 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate1.23 yr total
3 mo30 yr
3 mo0.01 yr1%
1 yr0.15 yr12%
5 yr0.45 yr36%
10 yr0.41 yr33%
30 yr0.21 yr17%
Credit spread0.94 yr total
3 mo30 yr
3 mo0.01 yr1%
1 yr0.11 yr11%
5 yr0.32 yr34%
10 yr0.33 yr35%
30 yr0.18 yr19%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.01+0.00+0.00$6.1k$3.0k
1 yr+0.15+0.08+0.03$100.0k$41.1k
5 yr+0.45+0.24+0.08$321.1k$103.7k
10 yr+0.41+0.32+0.01$418.4k$9.2k
30 yr+0.21+0.18+0.00$235.2k$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Rate exposure by currency

Duration contribution in years, summing to the fund's 1.23 yr.

USD+1.23 yr
GBP+0.00 yr

This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Invesco Treasury Portfolio3.98%$522.98M
U.S. Treasury Notes/Bonds3.75% · due 2031-01-312.39%$313.94M
U.S. Treasury Notes3.50% · due 2028-01-312.35%$309.63M
Invesco Government & Agency Portfolio2.16%$284.32M
Wells Fargo & Co.WFC1.85%$243.17M
Amazon.com, Inc.AMZN1.68%$220.85M
Bank of America Corp.BAC1.67%$219.55M
Philip Morris International Inc.PM1.65%$217.22M
Microsoft Corp.MSFT1.48%$194.40M
Johnson Controls International PLCJCI1.48%$194.48M
Showing 10 of 368Sign in to see more

Top 10 positions are 20.68% of net assets, top 25 40.13%, across 253 issuers.

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