14 important things you should know about Invesco ACCEX mutual fund

Updated: June 27, 2020
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Before we start: if you’re looking for ACCEX “stock” price, you can quickly find it out by visiting Finny and typing "ACCEX quote". If you’re looking for a quick scoop on ACCEX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ACCEX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe AIM Investment Securities Funds (Invesco Investment Securities Funds): Invesco Corporate Bond Fund; Cl C Shs (ACCEX).

The Fund seeks current income with preservation of capital with capital appreciation as a secondary objective. The Fund invests in a diversified portfolio of corporate debt securities. The Fund may invest up to 20% of its total assets in convertible securities and up to 10% of its total assets in preferred stocks.

2. What are ACCEX top holdings?

ACCEX has 18 stock holdings and 645 bond holdings.

The top 8 holdings represent 10.67% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bonds 2.25% N/A 3.77%
Corning Incorporated 5.45% N/A 1.55%
United States Treasury Notes 1.75% N/A 1.08%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- WFCPL 1.06%
Continental Resources, Inc. 5% N/A 0.96%
Aviation Capital Group LLC 3.5% N/A 0.80%
Hyndai Capital America 4.3% N/A 0.77%
Plains All American Pipeline L.P./PAA Finance Corp. 3.55% N/A 0.68%

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

ACCEX has generated the following returns:

  • 1-month return is 0.21%;
  • 3-month return is -5.50%;
  • 1-year return is 4.62%;
  • 3-year return is 3.20%;
  • 5-year return is 3.31%;
  • 10-year return is 4.41%;
  • 15-year return is 4.37%.

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

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

5. What is ACCEX dividend yield?

ACCEX yield is 2.98%.

6. What is ACCEX minimum initial investment amount?

ACCEX minimum initial investment amount is $1.00K.

7. What is ACCEX expense ratio?

ACCEX expense ratio is 1.53%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

ACCEX 12b-1 distribution fee is 0.95. ACCEX front-end sales load is 0. ACCEX back-end sales load is 1.

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

  • 1-year ax cost ratio is 1.13%;
  • 3-year ax cost ratio is 1.3%.

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

  • 3-year beta is 1.18;
  • 5-year beta is 1.18;
  • 10-year beta is 1.20;
  • 15-year beta is 1.34.

11. What is ACCEX Sharpe ratio?

  • 3-year Sharpe ratio is 0.12;
  • 5-year Sharpe ratio is 0.21;
  • 10-year Sharpe ratio is 0.68.

Analysis

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

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

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

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

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

The following are ACCEX weaknesses from our perspective:

  • ACCEX net assets are $60.60 million. This fund is not a popular choice with retail investors.
  • ACCEX 3-year return is 3.2%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 5.12%.
  • ACCEX 5-year return is 3.31%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 4.24%.
  • ACCEX 10-year return is 4.41%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 4.94%.
  • ACCEX 15-year return is 4.37%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 5.12%.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 0.95%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
  • ACCEX expense ratio is 1.53%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ACCEX 3-year Beta is 1.18, which is higher than the index (BBgBarc US Agg Bond TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • ACCEX 5-year Beta is 1.18, which is higher than the index (BBgBarc US Agg Bond TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • ACCEX 10-year Beta is 1.2, which is higher than the index (BBgBarc US Agg Bond TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • ACCEX 15-year Beta is 1.34, which is higher than the index (BBgBarc US Agg Bond 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 ACCEX review, we covered ACCEX 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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