14 important things you should know about Invesco CAAMX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for CAAMX “stock” price, you can quickly find it out by visiting Finny and typing "CAAMX quote". If you’re looking for a quick scoop on CAAMX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CAAMX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe AIM Growth Series (Invesco Growth Series): Invesco Conservative Allocation Fund; Class A Shares (CAAMX).

The Fund seeks total return consistent with a lower level of risk relative to the broad stock market. The Fund is a "fund of funds," that invests in assets in other underlying AIM mutual funds. The Fund's target allocation is to invest 60% of assets in fixed-income funds and 40% of its assets in equity funds.

2. What are CAAMX top holdings?

CAAMX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 66.73% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Core Plus Bond R6 CPBFX 16.70%
Invesco High Yield R6 HYIFX 7.48%
Invesco Equally-Wtd S&P 500 R6 VADFX 6.64%
Invesco Quality Income R5 VUSJX 5.91%
Invesco Short Term Bond R6 ISTFX 5.84%
Invesco Diversified Dividend R6 LCEFX 5.59%
Invesco S&P 500® Pure Growth ETF RPG 5.58%
Invesco Growth and Income R6 GIFFX 4.58%
Invesco RAFI™ Strategic Dvlpd ex-US ETF ISDX 4.28%
Invesco Short Duration Inflation Prot R6 SDPSX 4.13%

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

CAAMX has generated the following returns:

  • 1-month return is 1.64%;
  • 3-month return is -8.89%;
  • 1-year return is -1.65%;
  • 3-year return is 1.77%;
  • 5-year return is 1.96%;
  • 10-year return is 4.40%;
  • 15-year return is 3.89%.

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

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

5. What is CAAMX dividend yield?

CAAMX yield is 3.06%.

6. What is CAAMX minimum initial investment amount?

CAAMX minimum initial investment amount is $1.00K.

7. What is CAAMX expense ratio?

CAAMX expense ratio is 1.03%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.06%;
  • 3-year ax cost ratio is 1.57%.

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

  • 3-year beta is 0.81;
  • 5-year beta is 0.78;
  • 10-year beta is 0.72.

11. What is CAAMX Sharpe ratio?

  • 3-year Sharpe ratio is -0.17;
  • 5-year Sharpe ratio is -0.01;
  • 10-year Sharpe ratio is 0.52.

Analysis

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

CAAMX Finny Score is 40. Our quantitative analysis shows 4 reasons to buy CAAMX and 6 reasons to sell it, resulting in the Finny Score of 40.

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

The following are CAAMX strengths from our perspective:

  • CAAMX 10-year return is 4.4%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 4.13%.
  • CAAMX 3-year Beta is 0.81, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • CAAMX 5-year Beta is 0.78, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • CAAMX 10-year Beta is 0.72, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are CAAMX weaknesses from our perspective:

  • CAAMX net assets are $257.90 million. This fund is not a popular choice with retail investors.
  • CAAMX 3-year return is 1.77%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 4.93%.
  • CAAMX 5-year return is 1.96%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 3.98%.
  • CAAMX 15-year return is 3.89%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 4.39%.
  • 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.
  • CAAMX expense ratio is 1.03%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the CAAMX review, we covered CAAMX 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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