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15 important things you should know about Invesco ASIAX mutual fund

Updated: Last Friday
57
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe AIM International Mutual Funds (Invesco International Mutual Funds): Invesco Asia Pacific Growth Fd; Cl A Shs (ASIAX).

The Fund seeks long-term growth of capital by investing in a diversified portfolio of equity securities, the issuers of which are located in Asia or the Pacific Rim and which are considered to have strong earnings momentum or other potential for capital appreciation. The Fund will not invest in Japanese securities.

2. What are ASIAX top holdings?

ASIAX has 41 stock holdings and 0 bond holdings.

The top 10 holdings represent 42.30% of total assets. Here are the top holdings:

Name Symbol % Assets
Tencent Holdings Ltd 00700 5.45%
Alibaba Group Holding Ltd ADR BABA 4.93%
Samsung Electronics Co Ltd 005930.KS 4.60%
Broadcom Inc AVGO 4.45%
Yum China Holdings Inc YUMC 4.44%
Taiwan Semiconductor Manufacturing Co Ltd 2330.TW 4.24%
Wuliangye Yibin Co Ltd 000858 3.88%
China Mengniu Dairy Co Ltd 02319 3.80%
Swire Properties Ltd 01972.HK 3.33%
Keppel REIT K71U.SI 3.18%

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

ASIAX has generated the following returns:

  • 1-month return is 5.66%;
  • 3-month return is 11.91%;
  • 1-year return is 22.17%;
  • 3-year return is 8.83%;
  • 5-year return is 11.65%;
  • 10-year return is 7.54%;
  • 15-year return is 10.81%.

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

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

ASIAX up and down years

5. What is ASIAX dividend yield?

ASIAX yield is 0.96%.

6. What is ASIAX minimum initial investment amount?

ASIAX minimum initial investment amount is $1.00K.

7. What is ASIAX expense ratio?

ASIAX expense ratio is 1.45%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ASIAX expenses

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

ASIAX 12b-1 distribution fee is 0.25. ASIAX front-end sales load is 5.5. ASIAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 1.75%;
  • 3-year ax cost ratio is 1.86%.
ASIAX tax costs

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

  • 3-year beta is 0.89;
  • 5-year beta is 0.87;
  • 10-year beta is 0.82.
ASIAX Beta

11. What is ASIAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.39;
  • 5-year Sharpe ratio is 0.74;
  • 10-year Sharpe ratio is 0.52.
ASIAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 57. Our quantitative analysis shows 4 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 57.

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

The following are ASIAX strengths from our perspective:

  • <strong>ASIAX 3-year return</strong> is 8.83%, which is higher than the 3-year return of the benchmark index (MSCI AC Asia Pacific Ex Japan NR USD), 5.55%.
  • <strong>ASIAX 5-year return</strong> is 11.65%, which is higher than the 5-year return of the benchmark index (MSCI AC Asia Pacific Ex Japan NR USD), 10.32%.
  • <strong>ASIAX 10-year return</strong> is 7.54%, which is higher than the 10-year return of the benchmark index (MSCI AC Asia Pacific Ex Japan NR USD), 5.15%.
  • <strong>ASIAX 15-year return</strong> is 10.81%, which is higher than the 15-year return of the benchmark index (MSCI AC Asia Pacific Ex Japan NR USD), 8.14%.

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

The following are ASIAX weaknesses from our perspective:

  • <strong>ASIAX net assets</strong> are $438.70 million. This fund is not a popular choice with retail investors.
  • <strong>ASIAX expense ratio</strong> is 1.45%, 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 5.5%. 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 ASIAX review, we covered ASIAX 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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