14 important things you should know about Invesco AGOVX mutual fund

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

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

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

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

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

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 AGOVX top holdings?

AGOVX 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 AGOVX performance? What are AGOVX historical returns?

AGOVX has generated the following returns:

  • 1-month return is 2.25%;
  • 3-month return is -23.37%;
  • 1-year return is -18.51%;
  • 3-year return is -5.62%;
  • 5-year return is -3.04%;
  • 10-year return is -0.28%;
  • 15-year return is 1.41%.

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

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

5. What is AGOVX dividend yield?

AGOVX yield is 4.69%.

6. What is AGOVX minimum initial investment amount?

AGOVX minimum initial investment amount is $1.00K.

7. What is AGOVX expense ratio?

AGOVX expense ratio is 1.08%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

AGOVX 12b-1 distribution fee is 0.25. AGOVX front-end sales load is 4.25. AGOVX back-end sales load is 0.

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

  • 1-year ax cost ratio is 1.85%;
  • 3-year ax cost ratio is 1.39%.

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

  • 3-year beta is 1.04;
  • 5-year beta is 0.94;
  • 10-year beta is 0.98;
  • 15-year beta is 0.91.

11. What is AGOVX Sharpe ratio?

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

Analysis

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

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

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

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

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

The following are AGOVX weaknesses from our perspective:

  • AGOVX net assets are $409.70 million. This fund is not a popular choice with retail investors.
  • AGOVX 3-year return is -5.62%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.13%.
  • AGOVX 5-year return is -3.04%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.79%.
  • AGOVX 10-year return is -0.28%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.87%.
  • AGOVX 15-year return is 1.41%, 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 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 4.25%. 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.
  • AGOVX expense ratio is 1.08%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AGOVX review, we covered AGOVX 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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