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15 important things you should know about Invesco CHTCX 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 CHTCX “stock” price, you can quickly find it out by visiting Finny and typing "CHTCX quote". If you’re looking for a quick scoop on CHTCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CHTCX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe AIM Equity Funds (Invesco Equity Funds): Invesco Charter Fund; Class C Shares (CHTCX).

The Fund seeks to provide growth of capital, with current income as a secondary objective, by investing in dividend-paying common stocks having prospects for both growth of capital and dividend income.

2. What are CHTCX top holdings?

CHTCX has 53 stock holdings and 0 bond holdings.

The top 10 holdings represent 43.18% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 9.49%
Amazon.com Inc AMZN 6.11%
UnitedHealth Group Inc UNH 4.54%
Procter & Gamble Co PG 4.10%
Berkshire Hathaway Inc Class B BRK.B 3.49%
Lockheed Martin Corp LMT 3.41%
Merck & Co Inc MRK 3.31%
Facebook Inc A FB 3.04%
Prologis Inc PLD 3.03%
JPMorgan Chase & Co JPM 2.66%

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

CHTCX has generated the following returns:

  • 1-month return is -3.48%;
  • 3-month return is 6.92%;
  • 1-year return is 6.79%;
  • 3-year return is 5.84%;
  • 5-year return is 7.15%;
  • 10-year return is 8.06%;
  • 15-year return is 6.34%.

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

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

CHTCX up and down years

5. What is CHTCX dividend yield?

CHTCX yield is 0%.

6. What is CHTCX minimum initial investment amount?

CHTCX minimum initial investment amount is $1.00K.

7. What is CHTCX expense ratio?

CHTCX 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.

CHTCX expenses

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

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

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

  • 1-year ax cost ratio is 3.95%;
  • 3-year ax cost ratio is 2.64%.
CHTCX tax costs

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

  • 3-year beta is 1.02;
  • 5-year beta is 1.00;
  • 10-year beta is 0.95.
CHTCX Beta

11. What is CHTCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.21;
  • 5-year Sharpe ratio is 0.28;
  • 10-year Sharpe ratio is 0.62.
CHTCX 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 CHTCX? What are CHTCX buy reasons?

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

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

The following are CHTCX weaknesses from our perspective:

  • <strong>CHTCX net assets</strong> are $41.10 million. This fund is not a popular choice with retail investors.
  • <strong>CHTCX 3-year return</strong> is 5.84%, which is lower than the 3-year return of the benchmark index (Russell 1000 TR USD), 12.13%.
  • <strong>CHTCX 5-year return</strong> is 7.15%, which is lower than the 5-year return of the benchmark index (Russell 1000 TR USD), 13.26%.
  • <strong>CHTCX 10-year return</strong> is 8.06%, which is lower than the 10-year return of the benchmark index (Russell 1000 TR USD), 13.78%.
  • <strong>CHTCX 15-year return</strong> is 6.34%, which is lower than the 15-year return of the benchmark index (Russell 1000 TR USD), 9.15%.
  • <strong>CHTCX 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 CHTCX review, we covered CHTCX 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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