14 important things you should know about Invesco CLFCX mutual fund

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

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

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

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

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

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

Fact Sheet

1. Describe AIM Counselor Series Trust (Invesco Counselor Series Trust): Invesco California Tax-Free Income Fund; Cl C Shs (CLFCX).

The Fund seeks to provide a high level of current income exempt from federal and California income tax, consistent with the preservation of capital. The Fund invests, under normal circumstances, at least 80% of its net assets in securities that pay interest exempt from federal and California state income taxes.

2. What are CLFCX top holdings?

CLFCX has 0 stock holdings and 266 bond holdings.

The top 10 holdings represent 10.01% of total assets. Here are the top holdings:

Name Symbol % Assets
SAN BERNARDINO CALIF CMNTY COLLEGE DIST 4% N/A 1.51%
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% N/A 1.18%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5% N/A 1.07%
YOSEMITE CALIF CMNTY COLLEGE DIST 0% N/A 0.99%
SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 5% N/A 0.97%
IRVINE CALIF UNI SCH DIST SPL TAX 5% N/A 0.90%
GILROY CALIF UNI SCH DIST 0% N/A 0.88%
UNIVERSITY CALIF REVS 0.73% N/A 0.85%
TENDER OPT BD TR RCPTS / CTFS VAR STS 12.29% N/A 0.84%
UNIVERSITY CALIF REVS 5% N/A 0.82%

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

CLFCX has generated the following returns:

  • 1-month return is 0.30%;
  • 3-month return is -3.94%;
  • 1-year return is 1.03%;
  • 3-year return is 2.26%;
  • 5-year return is 2.40%;
  • 10-year return is 3.72%;
  • 15-year return is 3.35%.

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

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

5. What is CLFCX dividend yield?

CLFCX yield is 2.71%.

6. What is CLFCX minimum initial investment amount?

CLFCX minimum initial investment amount is $1.00K.

7. What is CLFCX expense ratio?

CLFCX expense ratio is 1.52%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

CLFCX 12b-1 distribution fee is 0.75. CLFCX front-end sales load is 0. CLFCX back-end sales load is 1.

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

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0%.

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

  • 3-year beta is 1.19;
  • 5-year beta is 1.18;
  • 10-year beta is 1.26;
  • 15-year beta is 1.25.

11. What is CLFCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.22;
  • 5-year Sharpe ratio is 0.27;
  • 10-year Sharpe ratio is 0.71;
  • 15-year Sharpe ratio is 0.41.

Analysis

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

CLFCX Finny Score is 9. Our quantitative analysis shows 1 reason to buy CLFCX and 10 reasons to sell it, resulting in the Finny Score of 9.

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

The following are CLFCX strengths from our perspective:

  • CLFCX 10-year return is 3.72%, which is in line with the 10-year return of the benchmark index (S&P Municipal Bond TR), 4.06%.

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

The following are CLFCX weaknesses from our perspective:

  • CLFCX net assets are $50.90 million. This fund is not a popular choice with retail investors.
  • CLFCX 3-year return is 2.26%, which is lower than the 3-year return of the benchmark index (S&P Municipal Bond TR), 3.52%.
  • CLFCX 5-year return is 2.4%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond TR), 3.3%.
  • CLFCX 15-year return is 3.35%, which is lower than the 15-year return of the benchmark index (S&P Municipal Bond TR), 4.17%.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 0.75%, 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.
  • CLFCX expense ratio is 1.52%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • CLFCX 3-year Beta is 1.19, which is higher than the index (BBgBarc Municipal TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • CLFCX 5-year Beta is 1.18, which is higher than the index (BBgBarc Municipal TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • CLFCX 10-year Beta is 1.26, which is higher than the index (BBgBarc Municipal TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • CLFCX 15-year Beta is 1.25, which is higher than the index (BBgBarc Municipal TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the CLFCX review, we covered CLFCX 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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