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15 important things you should know about Invesco CNSCX 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 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. How many up and down years did CNSCX have historically?
  5. What is CNSCX dividend yield?
  6. What is CNSCX minimum initial investment amount?
  7. What is CNSCX expense ratio?
  8. Does CNSCX have any sales loads or 12b-1 distribution expenses?
  9. What is CNSCX tax efficiency (tax-cost ratio)?
  10. What is CNSCX beta? How would you assess CNSCX risk?
  11. What is CNSCX Sharpe ratio?
  12. What is CNSCX Finny Score? CNSCX buy or sell?
  13. What are the pros of investing in CNSCX? What are CNSCX buy reasons?
  14. 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).

The Fund seeks high level of total return through a combination of current income and capital appreciation. The Fund invests 80% of its net assets in convertible securities. The Fund may also invest in common stocks, non-convertible preferred stock, non-convertible fixed-income securities, and/or foreign securities.

2. What are CNSCX top holdings?

CNSCX has 7 stock holdings and 0 bond holdings.

The top 10 holdings represent 18.31% of total assets. Here are the top holdings:

Name Symbol % Assets
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- BACPL 2.40%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- WFCPL 2.28%
Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A AVGOP 2.05%
Servicenow Inc 0% N/A 1.76%
Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A DHRPA 1.75%
Gci Liberty Inc 1.75% N/A 1.72%
AXA 7.25% N/A 1.67%
Microchip Technology Incorporated 1.62% N/A 1.60%
Ringcentral Inc 0% N/A 1.60%
ON Semiconductor Corp. 1% N/A 1.48%

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

CNSCX has generated the following returns:

  • 1-month return is -0.87%;
  • 3-month return is 9.08%;
  • 1-year return is 23.02%;
  • 3-year return is 12.56%;
  • 5-year return is 9.16%;
  • 10-year return is 8.43%;
  • 15-year return is 7.35%.

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

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

CNSCX up and down years

5. What is CNSCX dividend yield?

CNSCX yield is 0.74%.

6. What is CNSCX minimum initial investment amount?

CNSCX minimum initial investment amount is $1.00K.

7. What is CNSCX expense ratio?

CNSCX expense ratio is 1.67%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

CNSCX expenses

8. 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.

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

  • 1-year ax cost ratio is 1.24%;
  • 3-year ax cost ratio is 1.66%.
CNSCX tax costs

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

  • 3-year beta is 1.22;
  • 5-year beta is 1.16;
  • 10-year beta is 1.10;
  • 15-year beta is 1.10.
CNSCX Beta

11. What is CNSCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.67;
  • 5-year Sharpe ratio is 0.53;
  • 10-year Sharpe ratio is 0.79.
CNSCX 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 CNSCX? What are CNSCX buy reasons?

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

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

The following are CNSCX weaknesses from our perspective:

  • <strong>CNSCX net assets</strong> are $65.60 million. This fund is not a popular choice with retail investors.
  • <strong>CNSCX 3-year return</strong> is 12.56%, which is lower than the 3-year return of the benchmark index (ICE BofA All US Convertible TR USD), 15.17%.
  • <strong>CNSCX 5-year return</strong> is 9.16%, which is lower than the 5-year return of the benchmark index (ICE BofA All US Convertible TR USD), 12.67%.
  • <strong>CNSCX 10-year return</strong> is 8.43%, which is lower than the 10-year return of the benchmark index (ICE BofA All US Convertible TR USD), 11.33%.
  • <strong>CNSCX 15-year return</strong> is 7.35%, which is lower than the 15-year return of the benchmark index (ICE BofA All US Convertible TR USD), 8.97%.
  • <strong>CNSCX expense ratio</strong> is 1.67%, 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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