14 important things you should know about Invesco HYINX mutual fund

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

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

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

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

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

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

Fact Sheet

1. Describe AIM Investment Securities Funds (Invesco Investment Securities Funds): Invesco High Yield Fund; Inv Cl Shs (HYINX).

The Fund seeks total return through growth of capital and current income. The Fund invests at least 80% of its net assets in debt securities that are determined to be below investment grade quality, and in derivatives and other instruments that have economic characteristics similar to such securities.

2. What are HYINX top holdings?

HYINX has 3 stock holdings and 297 bond holdings.

The top 10 holdings represent 9.50% of total assets. Here are the top holdings:

Name Symbol % Assets
Trswap: Ibxxlltr Index N/A 2.46%
OPE KAG Finance Sub Inc 7.88% N/A 0.96%
Sprint Corporation 7.88% N/A 0.94%
Tenet Healthcare Corporation 6.75% N/A 0.79%
J.B. Poindexter & Co., Inc. 7.12% N/A 0.75%
Suburban Propane Partners LP / Suburban Energy Finance Corporation 5.5% N/A 0.75%
FREEPORT-MCMORAN INC 5.4% N/A 0.73%
Clear Channel Worldwide Holdings Inc. 9.25% N/A 0.72%
First Quantum Minerals Ltd. 7.5% N/A 0.70%
T-Mobile USA, Inc. 6.5% N/A 0.70%

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

HYINX has generated the following returns:

  • 1-month return is 1.12%;
  • 3-month return is -12.98%;
  • 1-year return is -8.93%;
  • 3-year return is -0.64%;
  • 5-year return is 0.93%;
  • 10-year return is 4.42%;
  • 15-year return is 5.33%.

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

In the last 10 years, HYINX had 8 up years and 2 down years.

5. What is HYINX dividend yield?

HYINX yield is 5.61%.

6. What is HYINX minimum initial investment amount?

HYINX minimum initial investment amount is N/A.

7. What is HYINX expense ratio?

HYINX expense ratio is 1.17%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.4%;
  • 3-year ax cost ratio is 2.21%.

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

  • 3-year beta is 0.26;
  • 5-year beta is 0.26;
  • 10-year beta is 0.32;
  • 15-year beta is 0.61.

11. What is HYINX Sharpe ratio?

  • 3-year Sharpe ratio is -0.31;
  • 5-year Sharpe ratio is -0.04;
  • 10-year Sharpe ratio is 0.48.

Analysis

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

HYINX Finny Score is 36. Our quantitative analysis shows 4 reasons to buy HYINX and 7 reasons to sell it, resulting in the Finny Score of 36.

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

The following are HYINX strengths from our perspective:

  • HYINX 3-year Beta is 0.26, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • HYINX 5-year Beta is 0.26, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • HYINX 10-year Beta is 0.32, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • HYINX 15-year Beta is 0.61, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are HYINX weaknesses from our perspective:

  • HYINX net assets are $82.30 million. This fund is not a popular choice with retail investors.
  • HYINX 3-year return is -0.64%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 2.05%.
  • HYINX 5-year return is 0.93%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 3.57%.
  • HYINX 10-year return is 4.42%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 6.16%.
  • HYINX 15-year return is 5.33%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 6.79%.
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
  • HYINX expense ratio is 1.17%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the HYINX review, we covered HYINX 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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