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10 important things you should know about Invesco CNSCX mutual fund

Updated: October 10, 2021
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 CNSCX “stock” price, you can quickly find it out by visiting Finny and typing "CNSCX quote". If you’re looking for a quick scoop on CNSCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CNSCX". You’ll get all this info in one place.

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

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

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

  1. Describe AIM Growth Series (Invesco Growth Series): Invesco Convertible Securities Fund; Class C Shares (CNSCX).
  2. What are CNSCX holdings?
  3. What is CNSCX performance? What are CNSCX historical returns?
  4. What is CNSCX dividend yield?
  5. What is CNSCX minimum initial investment amount?
  6. Does CNSCX have any sales loads or 12b-1 distribution expenses?
  7. What is CNSCX Finny Score? CNSCX buy or sell?
  8. What are the pros of investing in CNSCX? What are CNSCX buy reasons?
  9. What are the cons of investing in CNSCX? What are CNSCX 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 Convertible Securities Fund; Class C Shares (CNSCX).

2. What are CNSCX top holdings?

CNSCX has 9 stock holdings and 0 bond holdings.

The top 10 holdings represent 20.24% of total assets. Here are the top holdings:

Name Symbol % Assets
Tesla Inc 2.38% N/A 3.25%
Servicenow Inc 0% N/A 2.21%
Square Inc 0.5% N/A 2.07%
Gci Liberty Inc 1.75% N/A 2.01%
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- BACPL 1.94%
Microchip Technology Incorporated 1.62% N/A 1.87%
Broadcom Inc 8% N/A 1.83%
Danaher Corporation 4.75% N/A 1.81%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- WFCPL 1.78%
Atlassian Inc 0.62% N/A 1.47%

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

CNSCX has generated the following returns:

  • 1-month return is -1.39%;
  • 3-month return is 1.39%;
  • 1-year return is 1.39%;
  • 3-year return is 17.86%;
  • 5-year return is 13.88%;
  • 10-year return is 10.99%;
  • 15-year return is 8.33%.

4. What is CNSCX dividend yield?

CNSCX yield is 0.16%.

5. What is CNSCX minimum initial investment amount?

CNSCX minimum initial investment amount is $1.00K.

6. Does CNSCX have any sales loads or 12b-1 distribution expenses?

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

Analysis

7. 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.

8. What are the pros of investing in CNSCX? What are CNSCX buy reasons?

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

9. What are the cons of investing in CNSCX? What are CNSCX negatives?

The following are CNSCX weaknesses from our perspective:

  • CNSCX net assets are $48.90 million. This fund is not a popular choice with retail investors.
  • CNSCX 3-year return is 17.86%, which is lower than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 21.71%.
  • CNSCX 5-year return is 13.88%, which is lower than the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 17.57%.
  • CNSCX 10-year return is 10.99%, which is lower than the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 14.4%.
  • CNSCX 15-year return is 8.33%, which is lower than the 15-year return of the benchmark index (ICE BofA All US Convertible TR USD), 10.17%.
  • CNSCX expense ratio is 1.66%, 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 CNSCX review, we covered CNSCX 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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