14 important things you should know about Invesco CACMX mutual fund

Updated: June 28, 2020
30

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

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

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

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

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

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 CACMX top holdings?

CACMX 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 CACMX performance? What are CACMX historical returns?

CACMX has generated the following returns:

  • 1-month return is 1.66%;
  • 3-month return is -8.99%;
  • 1-year return is -2.35%;
  • 3-year return is 1.02%;
  • 5-year return is 1.21%;
  • 10-year return is 3.62%;
  • 15-year return is 3.13%.

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

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

5. What is CACMX dividend yield?

CACMX yield is 2.29%.

6. What is CACMX minimum initial investment amount?

CACMX minimum initial investment amount is $1.00K.

7. What is CACMX expense ratio?

CACMX expense ratio is 1.78%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.79%;
  • 3-year ax cost ratio is 1.26%.

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

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

11. What is CACMX Sharpe ratio?

  • 3-year Sharpe ratio is -0.27;
  • 5-year Sharpe ratio is -0.12;
  • 10-year Sharpe ratio is 0.40.

Analysis

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

CACMX Finny Score is 30. Our quantitative analysis shows 3 reasons to buy CACMX and 7 reasons to sell it, resulting in the Finny Score of 30.

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

The following are CACMX strengths from our perspective:

  • CACMX 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.
  • CACMX 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.
  • CACMX 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 CACMX? What are CACMX negatives?

The following are CACMX weaknesses from our perspective:

  • CACMX net assets are $33.30 million. This fund is not a popular choice with retail investors.
  • CACMX 3-year return is 1.02%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 4.93%.
  • CACMX 5-year return is 1.21%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 3.98%.
  • CACMX 10-year return is 3.62%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR HdgUSD), 4.13%.
  • CACMX 15-year return is 3.13%, 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 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.
  • CACMX expense ratio is 1.78%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the CACMX review, we covered CACMX 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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