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15 important things you should know about Invesco ESMAX mutual fund

Updated: Last Tuesday
43
Bull Case
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe AIM Funds Group (Invesco Funds Group): Invesco European Small Company Fund; Class A Shares (ESMAX).

The Fund seeks long-term growth of capital. The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-capitalization European issuers, and in derivatives and other instruments that have economic characteristics similar to such securities.

2. What are ESMAX top holdings?

ESMAX has 42 stock holdings and 0 bond holdings.

The top 10 holdings represent 37.31% of total assets. Here are the top holdings:

Name Symbol % Assets
Crédit Agricole Nord de France CNF.PA 4.47%
Hilan Ltd HLAN 4.41%
Kaufman & Broad SA KOF.PA 4.05%
Gerard Perrier Industrie SA PERR.PA 3.78%
Linedata Services LIN.PA 3.71%
Diploma PLC DPLM.L 3.68%
Fondul Proprietatea Ord FP 3.46%
Gamesys Group PLC GYS.L 3.40%
CPL Resources PLC DQ5.IR 3.24%
Kardex AG KARN 3.11%

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

ESMAX has generated the following returns:

  • 1-month return is 0.97%;
  • 3-month return is 5.73%;
  • 1-year return is 0.78%;
  • 3-year return is -1.41%;
  • 5-year return is 5.13%;
  • 10-year return is 7.14%;
  • 15-year return is 7.40%.

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

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

ESMAX up and down years

5. What is ESMAX dividend yield?

ESMAX yield is 4.65%.

6. What is ESMAX minimum initial investment amount?

ESMAX minimum initial investment amount is N/A.

7. What is ESMAX expense ratio?

ESMAX expense ratio is 1.43%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ESMAX expenses

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

ESMAX 12b-1 distribution fee is 0.25. ESMAX front-end sales load is 5.5. ESMAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 2.28%;
  • 3-year ax cost ratio is 1.72%.
ESMAX tax costs

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

  • 3-year beta is 0.94;
  • 5-year beta is 0.86;
  • 10-year beta is 0.89.
ESMAX Beta

11. What is ESMAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.28;
  • 5-year Sharpe ratio is 0.22;
  • 10-year Sharpe ratio is 0.59.
ESMAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 43. Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 43.

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

The following are ESMAX strengths from our perspective:

  • <strong>ESMAX 5-year return</strong> is 5.13%, which is higher than the 5-year return of the benchmark index (MSCI Europe NR USD), 2.68%.
  • <strong>ESMAX 10-year return</strong> is 7.14%, which is higher than the 10-year return of the benchmark index (MSCI Europe NR USD), 3.76%.
  • <strong>ESMAX 15-year return</strong> is 7.4%, which is higher than the 15-year return of the benchmark index (MSCI Europe NR USD), 3.83%.

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

The following are ESMAX weaknesses from our perspective:

  • <strong>ESMAX net assets</strong> are $88.70 million. This fund is not a popular choice with retail investors.
  • <strong>ESMAX 3-year return</strong> is -1.41%, which is lower than the 3-year return of the benchmark index (MSCI Europe NR USD), -0.73%.
  • <strong>ESMAX expense ratio</strong> is 1.43%, 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 front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the ESMAX review, we covered ESMAX 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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