14 important things you should know about Invesco AADAX mutual fund

Updated: Last Saturday
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Before we start: if you’re looking for AADAX “stock” price, you can quickly find it out by visiting Finny and typing "AADAX quote". If you’re looking for a quick scoop on AADAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AADAX". You’ll get all this info in one place.

Are you looking to buy or sell AADAX? Or perhaps you’re looking for AADAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AADAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AADAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AADAX buy or sell; the pros and cons of investing in AADAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AADAX.

And here is the list of questions we’ll answer:

  1. Describe AIM Growth Series (Invesco Growth Series): Invesco Growth Allocation Fund; Class A Shares (AADAX).
  2. What are AADAX holdings?
  3. What is AADAX performance? What are AADAX historical returns?
  4. How many up and down years did AADAX have historically?
  5. What is AADAX dividend yield?
  6. What is AADAX minimum initial investment amount?
  7. What is AADAX expense ratio?
  8. Does AADAX have any sales loads or 12b-1 distribution expenses?
  9. What is AADAX tax efficiency (tax-cost ratio)?
  10. What is AADAX beta? How would you assess AADAX risk?
  11. What is AADAX Sharpe ratio?
  12. What is AADAX Finny Score? AADAX buy or sell?
  13. What are the pros of investing in AADAX? What are AADAX buy reasons?
  14. What are the cons of investing in AADAX? What are AADAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AIM Growth Series (Invesco Growth Series): Invesco Growth Allocation Fund; Class A Shares (AADAX).

The Fund seeks to provide long-term growth of capital consistent with a higher level of risk relative to the broad stock market by building a portfolio that is represented by the S&P 500 Index. The fund's target allocation is to invest 95% in equity including 25% in global equity and 5% in fixed income funds.

2. What are AADAX top holdings?

AADAX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 70.25% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco S&P 500® Pure Growth ETF RPG 10.05%
Invesco Diversified Dividend R6 LCEFX 9.58%
Invesco Equally-Wtd S&P 500 R6 VADFX 9.34%
Invesco RAFI™ Strategic Dvlpd ex-US ETF ISDX 7.23%
Invesco Comstock R6 ICSFX 7.08%
Invesco International Growth R6 IGFRX 6.27%
Invesco International Select Equity R6 IZISX 6.07%
Invesco American Franchise R6 VAFFX 5.82%
Invesco Core Plus Bond R6 CPBFX 4.43%
Invesco Balanced-Risk Allc R6 ALLFX 4.38%

3. What is AADAX performance? What are AADAX historical returns?

AADAX has generated the following returns:

  • 1-month return is 2.47%;
  • 3-month return is -14.24%;
  • 1-year return is -5.94%;
  • 3-year return is 1.50%;
  • 5-year return is 2.28%;
  • 10-year return is 5.80%;
  • 15-year return is 4.62%.

4. How many up and down years did AADAX have historically?

In the last 10 years, AADAX had 7 up years and 3 down years.

5. What is AADAX dividend yield?

AADAX yield is 1.36%.

6. What is AADAX minimum initial investment amount?

AADAX minimum initial investment amount is $1.00K.

7. What is AADAX expense ratio?

AADAX expense ratio is 1.05%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does AADAX have any sales loads or 12b-1 distribution expenses?

AADAX 12b-1 distribution fee is 0.25. AADAX front-end sales load is 5.5. AADAX back-end sales load is 0.

9. What is AADAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.34%;
  • 3-year ax cost ratio is 1.31%.

10. What is AADAX beta? How would you assess AADAX risk?

  • 3-year beta is 1.39;
  • 5-year beta is 1.35;
  • 10-year beta is 1.31;
  • 15-year beta is 1.43.

11. What is AADAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.15;
  • 5-year Sharpe ratio is 0.03;
  • 10-year Sharpe ratio is 0.41.

Analysis

12. What is AADAX Finny Score? AADAX buy or sell?

AADAX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy AADAX and 11 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in AADAX? What are AADAX buy reasons?

We don't see any strong reasons to buy AADAX.

14. What are the cons of investing in AADAX? What are AADAX negatives?

The following are AADAX weaknesses from our perspective:

  • AADAX net assets are $890.10 million. This fund is not a popular choice with retail investors.
  • AADAX 3-year return is 1.5%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 4.21%.
  • AADAX 5-year return is 2.28%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 4.32%.
  • AADAX 10-year return is 5.8%, which is lower than the 10-year return of the benchmark index (MSCI ACWI NR USD), 7.47%.
  • AADAX 15-year return is 4.62%, which is lower than the 15-year return of the benchmark index (MSCI ACWI NR USD), 6.05%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
  • AADAX expense ratio is 1.05%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • AADAX 3-year Beta is 1.39, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • AADAX 5-year Beta is 1.35, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • AADAX 10-year Beta is 1.31, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • AADAX 15-year Beta is 1.43, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the AADAX review, we covered AADAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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