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15 important things you should know about Invesco AFRCX mutual fund

Updated: Yesterday
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-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 AFRCX “stock” price, you can quickly find it out by visiting Finny and typing "AFRCX quote". If you’re looking for a quick scoop on AFRCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AFRCX". You’ll get all this info in one place.

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

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

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

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 AFRCX top holdings?

AFRCX has 27 stock holdings and 639 bond holdings.

The top 10 holdings represent 11.98% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Shrt-Trm Inv Gov&Agcy Instl AGPXX 2.34%
Invesco Shrt-Trm Inv Liq Assets Corp LPCXX 1.82%
1011778 B.C. Unlimited Liability Company Term Loan B4 N/A 1.08%
Berry Global, Inc. Term Loan Y N/A 1.05%
Jbs Usa Lux S.A. 2019 Term Loan B N/A 1.04%
Telesat Canada Term Loan B5 N/A 1.02%
Virgin Media Bristol Llc Usd Term Loan N N/A 1.01%
Nexstar Broadcasting, Inc. 2019 Term Loan B4 N/A 0.97%
Calpine Corporation Term Loan B9 N/A 0.84%
Vistra Operations Company Llc 1st Lien Term Loan B3 N/A 0.81%

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

AFRCX has generated the following returns:

  • 1-month return is 1.52%;
  • 3-month return is 3.00%;
  • 1-year return is 1.09%;
  • 3-year return is 1.89%;
  • 5-year return is 3.46%;
  • 10-year return is 3.27%;
  • 15-year return is 2.99%.

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

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

AFRCX up and down years

5. What is AFRCX dividend yield?

AFRCX yield is 4.47%.

6. What is AFRCX minimum initial investment amount?

AFRCX minimum initial investment amount is $1.00K.

7. What is AFRCX expense ratio?

AFRCX expense ratio is 1.59%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AFRCX expenses

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

AFRCX 12b-1 distribution fee is 0.75. AFRCX front-end sales load is 0. AFRCX back-end sales load is 1.

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

  • 1-year ax cost ratio is 1.96%;
  • 3-year ax cost ratio is 1.75%.
AFRCX tax costs

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

  • 3-year beta is 0.15;
  • 5-year beta is 0.11.
AFRCX Beta

11. What is AFRCX Sharpe ratio?

  • 5-year Sharpe ratio is 0.28;
  • 10-year Sharpe ratio is 0.53.
AFRCX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are AFRCX weaknesses from our perspective:

  • AFRCX net assets are $105.30 million. This fund is not a popular choice with retail investors.
  • AFRCX 3-year return is 1.89%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.41%.
  • AFRCX 5-year return is 3.46%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.37%.
  • AFRCX 10-year return is 3.27%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.73%.
  • AFRCX 15-year return is 2.99%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.55%.
  • AFRCX expense ratio is 1.59%, 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 deferred sales fee. The maximum 12b1 fee is 0.75%, 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.
In the AFRCX review, we covered AFRCX 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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