14 important things you should know about Invesco GNDCX mutual fund

Updated: June 28, 2020
30

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

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

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

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

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

The Fund seeks income and long-term growth of capital. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in U.S. and foreign issuers.

2. What are GNDCX top holdings?

GNDCX has 92 stock holdings and 0 bond holdings.

The top 10 holdings represent 11.25% of total assets. Here are the top holdings:

Name Symbol % Assets
E-mini S&P 500 Future Mar20 ESH0.AX 1.34%
Fortescue Metals Group Ltd N/A 1.20%
CK Asset Holdings Ltd 01113 1.17%
Target Corp TGT.TO 1.11%
CGI Inc Class A GIB.A.L 1.10%
Barratt Developments PLC BDEV.L 1.09%
ICA Gruppen AB ICA.AX 1.07%
Persimmon PLC PSN 1.07%
Rio Tinto Ltd N/A 1.06%
Next PLC NXT 1.04%

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

GNDCX has generated the following returns:

  • 1-month return is 2.28%;
  • 3-month return is -17.49%;
  • 1-year return is -9.21%;
  • 3-year return is -2.64%;
  • 5-year return is -1.23%;
  • 10-year return is 4.04%;
  • 15-year return is 2.30%.

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

In the last 10 years, GNDCX had 6 up years and 4 down years.

5. What is GNDCX dividend yield?

GNDCX yield is 1.35%.

6. What is GNDCX minimum initial investment amount?

GNDCX minimum initial investment amount is $1.00K.

7. What is GNDCX expense ratio?

GNDCX expense ratio is 2.34%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.73%;
  • 3-year ax cost ratio is 0.65%.

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

  • 3-year beta is 0.80;
  • 5-year beta is 0.78;
  • 10-year beta is 0.82.

11. What is GNDCX Sharpe ratio?

  • 3-year Sharpe ratio is -0.39;
  • 5-year Sharpe ratio is -0.21;
  • 10-year Sharpe ratio is 0.22.

Analysis

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

GNDCX Finny Score is 30. Our quantitative analysis shows 3 reasons to buy GNDCX and 7 reasons to sell it, resulting in the Finny Score of 30.

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

The following are GNDCX strengths from our perspective:

  • GNDCX 3-year Beta is 0.8, which is inversely correlated with the index (MSCI ACWI Ex USA NR USD). The could be good if you're trying to hedge your portfolio.
  • GNDCX 5-year Beta is 0.78, which is inversely correlated with the index (MSCI ACWI Ex USA NR USD). The could be good if you're trying to hedge your portfolio.
  • GNDCX 10-year Beta is 0.82, which is inversely correlated with the index (MSCI ACWI Ex USA NR USD). The could be good if you're trying to hedge your portfolio.

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

The following are GNDCX weaknesses from our perspective:

  • GNDCX net assets are $2.80 million. This fund is not a popular choice with retail investors.
  • GNDCX 3-year return is -2.64%, which is lower than the 3-year return of the benchmark index (MSCI World NR USD), 4.85%.
  • GNDCX 5-year return is -1.23%, which is lower than the 5-year return of the benchmark index (MSCI World NR USD), 4.86%.
  • GNDCX 10-year return is 4.04%, which is lower than the 10-year return of the benchmark index (MSCI World NR USD), 8.2%.
  • GNDCX 15-year return is 2.3%, which is lower than the 15-year return of the benchmark index (MSCI World NR USD), 6.18%.
  • 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.
  • GNDCX expense ratio is 2.34%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the GNDCX review, we covered GNDCX 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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