The $696 million Invesco Balanced-Risk Commodity Strategy Fund is closing to new investors on November 15, according to a Securities and Exchange Commission filing.
The fund has an expense ratio of 198 basis points. “Invesco’s Global Asset Allocation team manages several strategies that invest in commodities and has determined that, given current market conditions, commodity capacity may be constrained in the future,” said David Bachert, a spokesman for the firm.
“Therefore, the decision has been made to proactively close Invesco Balanced-Risk Commodity Strategy Fund to new investors in order to better manage future commodity capacity across the team’s broader offerings.”
The firm in March also closed the 5-Star rated $1.3 billion Invesco Select Companies Fund to new investors.