# Invesco American Franchise Y (VAFIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vafix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Actively Managed · Inception: 2005-06-24 This fund generally commits at least 80% of its total assets (including any capital from borrowing) to investments in U.S.-domiciled companies, along with derivatives and other financial instruments that share similar economic traits. The portfolio managers principally seek out securities they believe offer strong potential for growth in earnings or revenue. Up to 20% of the fund's holdings may be allocated to companies based outside the U.S. It is structured as a non-diversified investment vehicle. ## Key Facts | Metric | Value | |---|---| | Price | $29.22 | | Expense Ratio | 0.68% | | Assets Under Management | $16.27B | | NAV | $29.22 (2026-11-06 close) | | Holdings Count | — | | Distribution Yield (TTM) | 13.82% | | Annual Distribution (TTM) | $4.04 /share | | Distribution Frequency | Annual | | 52-Week Range | $26.63 – $36.18 | | Beta | 1.19 | ## Latest Distribution - Amount: $4.0375 /share - Ex-date: 2025-12-18 - Pay date: 2025-12-18 ## Frequently Asked Questions ### What does VAFIX invest in? This fund generally commits at least 80% of its total assets (including any capital from borrowing) to investments in U.S.-domiciled companies, along with derivatives and other financial instruments that share similar economic traits. The portfolio managers principally seek out securities they believe offer strong potential for growth in earnings or revenue. Up to 20% of the fund's holdings may be allocated to companies based outside the U.S. It is structured as a non-diversified investment vehicle. ### What is the expense ratio of VAFIX? Invesco American Franchise Y (VAFIX) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is VAFIX? Invesco American Franchise Y (VAFIX) manages $16.27B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is VAFIX actively managed or an index fund? VAFIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (VAFIX's is 0.68%) in exchange for the discretion to over- or under-weight positions. ### When was VAFIX launched? Invesco American Franchise Y (VAFIX) launched in June 2005 and is managed by Invesco. ### How has VAFIX performed? VAFIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does VAFIX pay a dividend? Invesco American Franchise Y (VAFIX) currently distributes little or no income. Trailing-twelve-month yield is 13.82%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VAFIX pay dividends? Invesco American Franchise Y pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VAFIX's dividend yield? VAFIX's trailing-twelve-month yield is 13.82%, calculated from the sum of dividends over the past year divided by the current price. ### When is VAFIX's next ex-dividend date? The most recently announced ex-dividend date for VAFIX was 2025-12-18. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will VAFIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VAFIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VAFIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VAFIX cost more than a fund like VOO? VAFIX is actively managed (current expense ratio 0.68%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VAFIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VAFIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VAFIX (0.68%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vafix - Distribution history: https://www.dividenddata.com/funds/vafix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vafix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vafix/expenses - Peer comparison: https://www.dividenddata.com/funds/vafix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.