Invesco Energy Fund
IENAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Houston, TX 77046 Houston TX United States of America 77046
- IPO Date
- Mar 28, 2002
- CIK
- 0000725781
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Energy Fund (IENAX) is an open-end mutual fund that seeks long-term capital growth by investing primarily in equity securities of energy companies, including oil companies; oil and gas exploration and production firms; natural gas pipeline operators; refiners; energy conservation providers; coal producers; alternative energy developers; and innovative energy technology companies. The fund focuses on large-cap value stocks within the Equity Energy category, with key holdings such as Exxon Mobil Corp (13.91%), Chevron Corp (12.88%), Shell PLC ADR (8.67%), Suncor Energy Inc (5.81%), and ConocoPhillips (5.24%), alongside sector allocations emphasizing integrated oil and gas (49.77%), oil and gas exploration and production (20.37%), and oil and gas equipment and services (10.92%). It maintains a non-diversified portfolio with approximately 24 securities, total net assets of $420 million, and a net expense ratio of 1.23%, available to U.S. investors with a minimum initial investment of $1,000. Launched on March 28, 2002, and domiciled in the United States, the fund is managed by Invesco Ltd., an independent investment management firm founded in 1935 and headquartered in Atlanta, Georgia, with operations in over 20 countries. Current co-lead portfolio managers are Kevin Holt, CFA, since June 5, 2020, and Umang Khetan since August 28, 2020. The fund resulted from a reorganization on May 24, 2019, incorporating performance history from the prior Oppenheimer Energy Fund, reflecting a strategic integration under Invesco's management. Recent developments include sustained portfolio oversight amid energy market volatility, with no major acquisitions, funding rounds, or product launches specific to the fund in the last 1-2 years; however, Invesco as the parent firm completed a preferred equity investment in Franklin Energy in February 2024 to support energy transition initiatives, aligning with broader sector strategies. The fund's asset allocation remains predominantly U.S. stocks (61.67%), non-U.S. stocks (36.49%, including Canada at 16.68%, United Kingdom at 11.61%, and Eurozone at 8.20%), and cash (1.84%), targeting institutional and retail investors focused on energy sector growth.