14 important things you should know about Invesco AGIVX mutual fund

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

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

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

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

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

The Fund seeks current income, and secondarily, capital appreciation. The Fund invests primarily in fixed-income securities and in derivatives and other instruments that have economic characteristics similar to such securities. To meet its objective, the Fund engages in active and frequent trading of portfolio securities.

2. What are AGIVX top holdings?

AGIVX has 2 stock holdings and 307 bond holdings.

The top 10 holdings represent 60.18% of total assets. Here are the top holdings:

Name Symbol % Assets
5 Year Treasury Note Future Mar20 ZFH0 26.09%
10 Year Treasury Note Future Mar20 ZNH0 9.52%
Government National Mortgage Association 3% N/A 7.79%
Ultra 10 Year US Treasury Note Future Mar20 TNH0 5.09%
Government National Mortgage Association 2.5% N/A 3.05%
Commercial Mortgage Trust 4.93% N/A 2.30%
Federal National Mortgage Association 5.94% N/A 1.61%
WELLS FARGO COMMERCIAL MORTGAGE TRUST 4.11% N/A 1.61%
Comm 2015-Ccre24 Mortgage Trust 4.38% N/A 1.57%
PROGRESS RESIDENTIAL TRUST 4.43% N/A 1.55%

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

AGIVX has generated the following returns:

  • 1-month return is 2.25%;
  • 3-month return is -23.33%;
  • 1-year return is -18.44%;
  • 3-year return is -5.60%;
  • 5-year return is -3.00%;
  • 10-year return is -0.26%;
  • 15-year return is 1.44%.

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

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

5. What is AGIVX dividend yield?

AGIVX yield is 4.75%.

6. What is AGIVX minimum initial investment amount?

AGIVX minimum initial investment amount is N/A.

7. What is AGIVX expense ratio?

AGIVX expense ratio is 1.02%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

AGIVX 12b-1 distribution fee is 0.19. AGIVX front-end sales load is 0. AGIVX back-end sales load is 0.

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

  • 1-year ax cost ratio is 1.87%;
  • 3-year ax cost ratio is 1.41%.

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

  • 3-year beta is 1.06;
  • 5-year beta is 0.94;
  • 10-year beta is 0.98;
  • 15-year beta is 0.90.

11. What is AGIVX Sharpe ratio?

  • 3-year Sharpe ratio is -0.50;
  • 5-year Sharpe ratio is -0.38;
  • 10-year Sharpe ratio is -0.08;
  • 15-year Sharpe ratio is 0.03.

Analysis

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

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

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

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

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

The following are AGIVX weaknesses from our perspective:

  • AGIVX net assets are $24.80 million. This fund is not a popular choice with retail investors.
  • AGIVX 3-year return is -5.6%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.13%.
  • AGIVX 5-year return is -3%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.79%.
  • AGIVX 10-year return is -0.26%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.87%.
  • AGIVX 15-year return is 1.44%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.41%.
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.19%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
  • AGIVX expense ratio is 1.02%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AGIVX review, we covered AGIVX 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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