Invesco Balanced-Risk Commodity Strategy Fund Q4 2025 Commentary

Invesco US3.32K FollowersFollow5ShareSavePlay(9min)CommentsSummaryInvesco Balanced-Risk Commodity Strategy Fund had a positive return and outperformed the Bloomberg Commodity Index, mostly due to strategic and tactical overweights in industrial metals.As we enter 2026, energy markets appear to remain on guard against geopolitical events amid a persistent OPEC-driven supply surplus and record US oil production.The fund entered 2026 with the 111% total exposure established at the start of the fourth quarter of 2025. The tactical overweight in precious metals remains in place, with increased allocations to gold and silver. https://www.fotogestoeber.de/iStock via Getty Images Key takeaways 1 The fund had a positive return and outperformed its benchmark Outperformance was mainly driven by overweight positions in copper and aluminum, which benefited from strong demand and supply constraints. 2 Precious metalsThis article was written byInvesco US3.32K FollowersFollowInvesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax professional for information concerning their individual situation. The opinions expressed are those of the authors, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE All data provided by Invesco unless otherwise noted. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products and collective trust funds. Invesco Advisers, Inc. and other affiliated investment advisers mentioned provide investment advisory services and do not sell securities.

Invesco Unit Investment Trusts are distributed by the sponsor, Invesco Capital Markets, Inc., and broker-dealers including Invesco Distributors, Inc. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Each entity is an indirect, wholly owned subsidiary of Invesco Ltd. ©2015 Invesco Ltd. All rights reserved.