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15 important things you should know about Invesco AGVCX mutual fund

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

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

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

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

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 AGVCX top holdings?

AGVCX has 2 stock holdings and 307 bond holdings.

The top 10 holdings represent 33.70% of total assets. Here are the top holdings:

Name Symbol % Assets
Government National Mortgage Association 3% N/A 9.90%
Cds Cmbx.Na.13.A Sellpro 53y Jpmsi-Dv N/A 7.18%
Government National Mortgage Association 2.5% N/A 3.91%
Commercial Mortgage Trust 5.09% N/A 2.47%
WELLS FARGO COMMERCIAL MORTGAGE TRUST 4.25% N/A 1.92%
PROGRESS RESIDENTIAL TRUST 4.43% N/A 1.84%
Comm 2015-Ccre24 Mortgage Trust 4.53% N/A 1.83%
Jimmy John's Funding Llc 4.85% N/A 1.71%
Hertz Vehicle Financing Llc 5.06% N/A 1.56%
Corning Incorporated 5.45% N/A 1.38%

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

AGVCX has generated the following returns:

  • 1-month return is 0.40%;
  • 3-month return is 4.64%;
  • 1-year return is -10.13%;
  • 3-year return is -2.31%;
  • 5-year return is -1.13%;
  • 10-year return is -0.06%;
  • 15-year return is 1.53%.

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

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

AGVCX up and down years

5. What is AGVCX dividend yield?

AGVCX yield is 3.96%.

6. What is AGVCX minimum initial investment amount?

AGVCX minimum initial investment amount is $1.00K.

7. What is AGVCX expense ratio?

AGVCX expense ratio is 1.83%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AGVCX expenses

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

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

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

  • 1-year ax cost ratio is 1.53%;
  • 3-year ax cost ratio is 1.2%.
AGVCX tax costs

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

  • 3-year beta is 1.25;
  • 5-year beta is 1.12;
  • 10-year beta is 1.04.
AGVCX Beta

11. What is AGVCX Sharpe ratio?

  • 3-year Sharpe ratio is -0.25;
  • 5-year Sharpe ratio is -0.18;
  • 10-year Sharpe ratio is -0.05.
AGVCX 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 AGVCX? What are AGVCX buy reasons?

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

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

The following are AGVCX weaknesses from our perspective:

  • <strong>AGVCX net assets</strong> are $9.90 million. This fund is not a popular choice with retail investors.
  • <strong>AGVCX 3-year return</strong> is -2.31%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.24%.
  • <strong>AGVCX 5-year return</strong> is -1.13%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.23%.
  • <strong>AGVCX 10-year return</strong> is -0.06%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.73%.
  • <strong>AGVCX 15-year return</strong> is 1.53%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.47%.
  • <strong>AGVCX expense ratio</strong> is 1.83%, 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 1%, 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 AGVCX review, we covered AGVCX 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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