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15 important things you should know about Invesco AFRAX mutual fund

Updated: Last Tuesday
14
Bull Case
  • 10-year return above the benchmark
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe AIM Counselor Series Trust (Invesco Counselor Series Trust): Invesco Floating Rate Fund; Class A Shares (AFRAX).

The Fund seeks to provide as high a level of current income and preservation of capital as is consistent with investment in senior debt securities that meet credit standards established by Chancellor Light Asset Management, Inc.

2. What are AFRAX top holdings?

AFRAX has 27 stock holdings and 636 bond holdings.

The top 10 holdings represent 10.25% of total assets. Here are the top holdings:

Name Symbol % Assets
1011778 B.C. Unlimited Liability Company Term Loan B4 N/A 1.74%
Berry Global, Inc. Term Loan Y N/A 1.09%
Jbs Usa Lux S.A. 2019 Term Loan B N/A 1.06%
Telesat Canada Term Loan B5 N/A 1.06%
Virgin Media Bristol Llc Usd Term Loan N N/A 1.01%
Nexstar Broadcasting, Inc. 2019 Term Loan B4 N/A 0.99%
Calpine Corporation Term Loan B9 N/A 0.86%
Vistra Operations Company Llc 1st Lien Term Loan B3 N/A 0.83%
Transdigm, Inc. 2020 Term Loan E N/A 0.81%
Level 3 Financing, Inc. 2.74% N/A 0.80%

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

AFRAX has generated the following returns:

  • 1-month return is 0.58%;
  • 3-month return is 1.97%;
  • 1-year return is -0.42%;
  • 3-year return is 1.80%;
  • 5-year return is 3.39%;
  • 10-year return is 3.68%;
  • 15-year return is 3.43%.

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

In the last 10 years, AFRAX had 8 up years and 2 down years.

AFRAX up and down years

5. What is AFRAX dividend yield?

AFRAX yield is 5.08%.

6. What is AFRAX minimum initial investment amount?

AFRAX minimum initial investment amount is $1.00K.

7. What is AFRAX expense ratio?

AFRAX expense ratio is 1.09%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AFRAX expenses

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

AFRAX 12b-1 distribution fee is 0.25. AFRAX front-end sales load is 2.5. AFRAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 2.01%;
  • 3-year ax cost ratio is 1.9%.
AFRAX tax costs

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

  • 3-year beta is 0.16;
  • 5-year beta is 0.10;
  • 10-year beta is 0.02;
  • 15-year beta is -0.01.
AFRAX Beta

11. What is AFRAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.05;
  • 5-year Sharpe ratio is 0.17;
  • 10-year Sharpe ratio is 0.63.
AFRAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are AFRAX strengths from our perspective:

  • <strong>AFRAX 10-year return</strong> is 3.68%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.55%.

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

The following are AFRAX weaknesses from our perspective:

  • <strong>AFRAX net assets</strong> are $422.90 million. This fund is not a popular choice with retail investors.
  • <strong>AFRAX 3-year return</strong> is 1.8%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.11%.
  • <strong>AFRAX 5-year return</strong> is 3.39%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.02%.
  • <strong>AFRAX 15-year return</strong> is 3.43%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.46%.
  • <strong>AFRAX expense ratio</strong> is 1.09%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • 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 2.5%. 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.
In the AFRAX review, we covered AFRAX 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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