This database was last updated in October 2019 and should only be used as a historical snapshot. There may be new information that is not included here.
Karen Dunn Kelley
Commerce (joined: Aug. 3, 2017)
Under Secretary for Economic Affairs | Financial Disclosure »
Former Positions Outside Government
- AIM Counselor Series Trust (Invesco Counselor Series Trust) Senior Vice President
- AIM Equity Funds (Invesco Equity Funds) Senior Vice President
- AIM Funds Group (Invesco Funds Group) Senior Vice President
- AIM Growth Series (Invesco Growth Series) Senior Vice President
- AIM International Mutual Funds (Invesco International Mutual Funds) Senior Vice President
- AIM Investment Funds (Invesco Investment Funds) Senior Vice President
- AIM Investment Securities Funds (Invesco Investment Securities Funds) Senior Vice President
- AIM Sector Funds (Invesco Sector Funds) Senior Vice President
- AIM Tax Exempt Funds (Invesco Tax Exempt Funds) Senior Vice President
- AIM Treasures Series Trust (Invesco Treasures Series Trust) Senior Vice President, President
- AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Senior Vice President
- Carlow University Trustee/ Trustee Emerita
- Family Friend Trust #1 Trustee
- Family Trust #1 Trustee
- Invesco Advantage Municipal Income Trust II Senior Vice President
- Invesco Advisers, Inc. Director,Co- President,Co- CEO,Co- Chairman
- Invesco Bond Fund Senior Vice President
- Invesco California Value Municipal Income Trust Senior Vice President
- Invesco Cayman Commodity Fund I Ltd Senior Vice President
- Invesco Cayman Commodity Fund III Ltd Senior Vice President
- Invesco Cayman Commodity Fund IV Ltd Senior Vice President
- Invesco Cayman Commodity Fund VII Ltd Senior Vice President
- Invesco Cayman Commodity V Ltd Senior Vice President
- Invesco Cayman Commodity VI Ltd Senior Vice President
- Invesco Distributors, Inc Executive Vice President
- Invesco Dynamic Credit Opportunities Fund Senior Vice President
- Invesco Emerging Markets Flexible Bond, Cayman Ltd Senior Vice President
- Invesco Exchange Fund Senior Vice President
- Invesco Funds Director
- Invesco High Income 2023 Target Term Fund Senior Vice President
- Invesco High Income Trust II Senior Vice President
- Invesco India (Mauritius) II Limited Director
- Invesco India (Mauritius) Limited Director
- Invesco Ltd. Senior Managing Director
- Invesco Management Group, Inc Senior Vice President
- Invesco Management Trust Senior Vice President
- Invesco Mortgage Capital Inc. Director
- Invesco Multi-Asset Income Cayman Ltd Senior Vice President
- Invesco Municipal Income Opportunities Trust Senior Vice President
- Invesco Municipal Opportunity Trust Senior Vice President
- Invesco Municipal Trust Senior Vice President
- Invesco Pennsylvania Value Municipal Income Trust Senior Vice President
- Invesco Quality Municipal Income Trust Senior Vice President
- Invesco Securities Trust Senior Vice President
- Invesco Senior Income Trust Senior Vice President
- Invesco Senior Loan Fund Senior Vice President
- Invesco Senior Secured Management, Inc Chairman and Director
- Invesco Total Property Market Income Fund Senior Vice President
- Invesco Trust for Investment Grade Municipals Senior Vice President
- Invesco Trust for Investment Grade New York Municipals Senior Vice President
- Invesco Value Municipal Income Trust Senior Vice President
- Magee-Womens Research Institute Trustee
- PowerShares Global Funds Ireland plc Director
- Shady Side Academy Trustee
- Short-Term Investment Trust Senior Vice President
- Short-Term Investments Company (Global Series) plc Director
Former Compensation Sources
- Invesco Advisers, Inc. Employee
- Invesco Ltd. Senior Managing Director
Employment Assets
| Description | Value | Income |
|---|---|---|
| Invesco Ltd, (restricted stock) | $5,000,001 - $25,000,000 | $100,001 - $1,000,000 |
| Invesco Advisers, Inc. | $7,621,819 | |
| Invesco Advisers, Inc. (anticipated bonus for 2017) | $250,001 - $500,000 | None (or less than $201) |
| Invesco Ltd. (unrestricted stock) | $5,000,001 - $25,000,000 | $100,001 - $1,000,000 |
| Invesco Mortgage Capital Inc. | $250,001 - $500,000 | $50,001 - $100,000 |
| Invesco Government Money Market Fund (deferred compensation) | $50,001 - $100,000 | None (or less than $201) |
| WLR/IVZ Mortgage Recovery Associates LLC | $250,001 - $500,000 | $100,001 - $1,000,000 |
| Invesco Mortgage Recovery Master Associates LLC | ||
| Invesco Mortgage Recovery Loans Feeder Fund, LP (DE) | ||
| Invesco Mortgage Recovery Loans AIV, LP | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| IMRF Hotel Member LLC (real estate loans) | ||
| WLR LeFrak Northwest LLC (real estate loans) | ||
| Indiana Retail Member LLC (real estate loans) | ||
| Shackleford Crossings Member LLC (real estate loans) | ||
| ColFin Milestone North Funding LLC (real estate loans) | ||
| Invesco Mortgage Recovery Loans Feeder Fund, LP (Cayman) | ||
| Invesco Mortgage Recovery Loans AIV, LP | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| Invesco Mortgage Recovery Loans AIV, L.P. | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| WLR IV PPIP Co-invest Loans Feeder Fund, L.P. (DE) | ||
| WLR IV PPIP Co-invest Loans AIV, LP | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| WLR IV PPIP Co-invest Loans Feeder Fund, L.P. (Cayman) | ||
| WLR IV PPIP Co-invest Loans AIV, LP | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| WLR IV PPIP Co-invest Loans AIV, LP | ||
| Invesco Mortgage Recovery Master Loans AIV, LP | ||
| WLR Whole Loan Fund, LP | ||
| Vanguard Dividend Appreciation | $15,001 - $50,000 | None (or less than $201) |
| Bogle Small Cap Growth fund | $1,001 - $15,000 | None (or less than $201) |
| DFA Emerging Markets Small Cap Portfolio | $1,001 - $15,000 | $201 - $1,000 |
| Invesco American Franchise Tr | $100,001 - $250,000 | $15,001 - $50,000 |
| Invesco Diversified Dividend Trust | $100,001 - $250,000 | $50,001 - $100,000 |
| Invesco Growth and Income Trust | $250,001 - $500,000 | $15,001 - $50,000 |
| Invesco Retirement Trust 500 Index | $15,001 - $50,000 | None (or less than $201) |
| SSGA Russell large Cap Growth Index Fund | $100,001 - $250,000 | $5,001 - $15,000 |
| SSGA Russell Large Cap Value Index Fund | $1,001 - $15,000 | None (or less than $201) |
| Invesco Mid Cap Gr Trust | $250,001 - $500,000 | $5,001 - $15,000 |
| Invesco Small Cap Growth Trust | $100,001 - $250,000 | $15,001 - $50,000 |
| INVESCO US QUANT SMALL VAL | $1,001 - $15,000 | None (or less than $201) |
| SSGA MID CAP INDEX | $1,001 - $15,000 | $5,001 - $15,000 |
| VICTORY SYCAMORE ESTABLISHED VALUE | $1,001 - $15,000 | None (or less than $201) |
| INVESCO DEVELOPING MARKETS R | $1,001 - $15,000 | None (or less than $201) |
| INVESCO INTERNATIONAL GROWTH EQUITY TRUST | $50,001 - $100,000 | $5,001 - $15,000 |
| SSGA GLOBAL EX US INDEX | $15,001 - $50,000 | None (or less than $201) |
| INVESCO US REIT TRUST | $1,001 - $15,000 | None (or less than $201) |
| SSGA REIT INDEX | $1,001 - $15,000 | |
| INVESCO BALANCED RISK ALLOC TRUST | $1,001 - $15,000 | None (or less than $201) |
| DFA INFLATION-PROTECTION SEC | $1,001 - $15,000 | None (or less than $201) |
| INVESCO CORE PLUS FIXED INC TRUST | $15,001 - $50,000 | $5,001 - $15,000 |
| Invesco Floating Rate R | $15,001 - $50,000 | None (or less than $201) |
| INVESCO HIGH YIELD R | $1,001 - $15,000 | None (or less than $201) |
| PIMCO REAL RETURN INST | None (or less than $1,001) | None (or less than $201) |
| SSGA US BOND INDEX | $15,001 - $50,000 | None (or less than $201) |
| SSGA U.S. INFLATION PROTECTED BOND IDX | $1,001 - $15,000 | None (or less than $201) |
| Invesco Stable Value Trust | $50,001 - $100,000 | None (or less than $201) |
Other Income/Assets
| Description | Value | Income |
|---|---|---|
| Exxon Mobil Corp | $15,001 - $50,000 | $1,001 - $2,500 |
| Corent Technology Series D preferred Stock (cloud computing) | $50,001 - $100,000 | None (or less than $201) |
| Invesco Charter Y | $100,001 - $250,000 | $15,001 - $50,000 |
| Invesco American Franchise Y | $100,001 - $250,000 | $5,001 - $15,000 |
| Invesco Small Cap Equity Y | $100,001 - $250,000 | $5,001 - $15,000 |
| Invesco Low Vol Eqty Yield Y | $50,001 - $100,000 | $1,001 - $2,500 |
| Invesco Mid Cap Growth Y | $15,001 - $50,000 | $1,001 - $2,500 |
| Invesco Small Cap Growth Y | $15,001 - $50,000 | $2,501 - $5,000 |
| Invesco Gov Money Maket Y | $1,001 - $15,000 | None (or less than $201) |
| Invesco High Yield Municipal Y | $15,001 - $50,000 | $2,501 - $5,000 |
| Invesco Treasure's Premier Portfolio Investor Class | $1,000,001 - $5,000,000 | $15,001 - $50,000 |
| U.S. BANK ACCOUNT #1 | $1,000,001 - $5,000,000 | $5,001 - $15,000 |
| Fidelity® Investments Money Market - Money Market Portfolio - Class I | $1,000,001 - $5,000,000 | $15,001 - $50,000 |
| NEST 529 plan- Goldman Sachs Financial Square Money Market A | $100,001 - $250,000 | None (or less than $201) |
| NEST 529 plan- Goldman Sachs Financial Square Money Market A | $50,001 - $100,000 | None (or less than $201) |
| NEST 529 plan- Goldman Sachs Financial Square Money Market A | $100,001 - $250,000 | None (or less than $201) |
| U.S. BANK ACCOUNT #2 | $15,001 - $50,000 | None (or less than $201) |
| SCHWAB GOVT MONEY MARKET FUND | $1,000,001 - $5,000,000 | None (or less than $201) |
| 3M COMPANY | $250,001 - $500,000 | $5,001 - $15,000 |
| ALPHABET C | $250,001 - $500,000 | None (or less than $201) |
| APPLE INC | $500,001 - $1,000,000 | $5,001 - $15,000 |
| ARCONIC INC | $100,001 - $250,000 | None (or less than $201) |
| BERKSHIRE HATHWAY B | $250,001 - $500,000 | None (or less than $201) |
| Chevron Corp | $100,001 - $250,000 | $5,001 - $15,000 |
| CISCO SYSTEMS | $100,001 - $250,000 | $2,501 - $5,000 |
| CVS HEALTH CORP | $250,001 - $500,000 | $5,001 - $15,000 |
| Deere & Co | $100,001 - $250,000 | $2,501 - $5,000 |
| E. I. du Pont de Nemours and Company | $100,001 - $250,000 | $5,001 - $15,000 |
| General Motors Company | $100,001 - $250,000 | $5,001 - $15,000 |
| JP Morgan Chase & Co | $100,001 - $250,000 | $2,501 - $5,000 |
| Johnson & Johnson | $100,001 - $250,000 | $5,001 - $15,000 |
| Microsoft Corp | $100,001 - $250,000 | $2,501 - $5,000 |
| NESTLE ADR | $250,001 - $500,000 | None (or less than $201) |
| Pfizer Inc | $100,001 - $250,000 | $5,001 - $15,000 |
| QUALCOMM INC | $250,001 - $500,000 | $5,001 - $15,000 |
| Verizon Communications Inc | $100,001 - $250,000 | $5,001 - $15,000 |
| DFA Large Cap Value Portfolio | $1,000,001 - $5,000,000 | $15,001 - $50,000 |
| iShares Russell 1000 Growth Index | $1,000,001 - $5,000,000 | $5,001 - $15,000 |
| DFA SMALL CAP VALUE FUND | $250,001 - $500,000 | $15,001 - $50,000 |
| BOGLE SMALL CAP GROWTH FUND | $100,001 - $250,000 | None (or less than $201) |
| DFA INTERNATIONAL VALUE FUND | $250,001 - $500,000 | $2,501 - $5,000 |
| HARBOR INTERNATIONAL FUND | $100,001 - $250,000 | $2,501 - $5,000 |
| iShares MSCI EAFE Growth ETF | $250,001 - $500,000 | $2,501 - $5,000 |
| DFA EMERGING MARKETS SMALL CAP FUND | $100,001 - $250,000 | $5,001 - $15,000 |
| Vanguard FTSE Emerging Markets ETF | $250,001 - $500,000 | $201 - $1,000 |
| AQR Multi Strategy Alternative Fund | $100,001 - $250,000 | $5,001 - $15,000 |
| VANECK VECTORS GOLD MINERS ETF | $250,001 - $500,000 | $201 - $1,000 |
| SPDR GOLD SHARES ETF | $250,001 - $500,000 | None (or less than $201) |
| SCHWAB U S BROAD MARKET | $1,001 - $15,000 | None (or less than $201) |
| DFA INTERNATIONAL VALUE | $1,001 - $15,000 | None (or less than $201) |
| U.S. Bank Account #3 | $1,001 - $15,000 | None (or less than $201) |
Employment Agreements and Arrangements
| Employer or Party | City, State | Status and Terms | Date |
|---|---|---|---|
| Invesco Holding Company (US) Inc. (The start date is an estimate) | Atlanta, Georgia | I participated in a deferred compensation plan through approximately 1999. The plan is funded in an independently administered trust. I am entitled to distribution of this deferred compensation from the trust upon my separation from the company. Under standard plan policy to avoid a tax penalty, the compensation will be distributed to me from the trust six months after my separation. The balance of this plan has been fixed. | Jan. 16, 1992 |
| Invesco Ltd. (The start date is an estimate) | Atlanta, Georgia | I will continue to participate in this defined contribution 401(k) plan. The plan sponsor will not make further contributions after my separation. | Feb. 15, 1990 |
| Invesco Ltd | Atlanta, Georgia | Since February 2005, I have received as part of my compensation from Invesco awards of restricted stock of Invesco Ltd. that vest based on the passage of time or on the attainment of certain performance targets. Invesco and I executed a separation agreement in February 2017, which was prior to my being named for the position of Under Secretary. Pursuant to that separation agreement, and consistent with current process and precedent, Invesco has agreed to convert all my performance- based awards to time-based awards and to vest all awards that would have been unvested as of the date of my separation from Invesco. That separation agreement also provides for the payment of a cash bonus to me for services I rendered to Invesco during the first quarter of 2017. | Feb. 15, 2017 |
| Invesco Ltd. | Atlanta, Georgia | When I separate from the Invesco organization I will, under the terms of prospectuses with respect to U.S. registered funds advised by Invesco, continue to be entitled to purchase (1) certain classes of shares of such funds that are available to current employees of Invesco; and (2) classes of shares of such funds that ordinarily bear initial sales charges without having to pay such initial sales charges. | April 16, 2017 |
Spouse's Employment Assets
| Description | Value | Income Type | Income Amount |
|---|---|---|---|
| University of Pittsburgh Physicians/Univ of Pittsburgh (common pay master) | Salary/Bonus | ||
| University of Pittsburgh Medical Center, cash balance pension plan | $100,001 - $250,000 | None (or less than $201) | |
| VANGUARD FEDERAL MNY MKT INV | $15,001 - $50,000 | None (or less than $201) | |
| VANGUARD WELLINGTON ADM | $50,001 - $100,000 | $5,001 - $15,000 | |
| VANGUARD WINDSOR ADM | $100,001 - $250,000 | $15,001 - $50,000 | |
| VANGUARD CAPITAL OPPORT ADM | $1,001 - $15,000 | None (or less than $201) | |
| VANGUARD INTERNATIONAL GROWTH ADM (In addition to the underlying assets reported below, this entity has other direct and indirect subsidiaries with no underlying assets or whose value is below the reportable threshold.) | $1,001 - $15,000 | None (or less than $201) | |
| VANGUARD GLOBAL EQUITY INV | $1,001 - $15,000 | None (or less than $201) | |
| VANGUARD US GROWTH ADM | $50,001 - $100,000 | None (or less than $201) | |
| VANGUARD EXPLORER ADM | $100,001 - $250,000 | $15,001 - $50,000 | |
| VANGUARD SHORT TERM TREASY ADM | $100,001 - $250,000 | None (or less than $201) | |
| VANGUARD INST INDEX | $1,000,001 - $5,000,000 | $100,001 - $1,000,000 | |
| VANGUARD FEDERAL MONEY MARKET FUND | $1,001 - $15,000 | None (or less than $201) | |
| VANGUARD SHORT TERM TREASURY BOND FUND | $100,001 - $250,000 | $1,001 - $2,500 | |
| JPM LARGE CAP GROWTH FUND | $250,001 - $500,000 | None (or less than $201) | |
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | $1,001 - $15,000 | None (or less than $201) |
Do you know something about Karen Dunn Kelley? Send us an email at [email protected] or send a Signal message to 347-244-2134.
See more staffers at Commerce »