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15 important things you should know about Invesco IANAX mutual fund

Updated: November 21, 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
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

The Fund seeks to provide real return and capital preservation. The Fund seeks to meet its investment objective by building a portfolio that includes Invesco Balanced-Risk Allocation Fund and two affiliated money market funds, Liquid Assets Portfolio and Premier Portfolio.

2. What are IANAX top holdings?

IANAX has 0 stock holdings and 0 bond holdings.

The top 3 holdings represent 100.00% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Balanced-Risk Allc R6 ALLFX 60.88%
Invesco Shrt-Trm Inv Gov&Agcy Instl AGPXX 23.47%
Invesco Shrt-Trm Inv Treasury Instl TRPXX 15.65%

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

IANAX has generated the following returns:

  • 1-month return is 0.85%;
  • 3-month return is 2.20%;
  • 1-year return is 3.17%;
  • 3-year return is 2.79%;
  • 5-year return is 3.94%;
  • 10-year return is 3.36%.

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

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

IANAX up and down years

5. What is IANAX dividend yield?

IANAX yield is 5.49%.

6. What is IANAX minimum initial investment amount?

IANAX minimum initial investment amount is $1.00K.

7. What is IANAX expense ratio?

IANAX expense ratio is 0.84%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

IANAX expenses

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

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

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

  • 1-year ax cost ratio is 2.17%;
  • 3-year ax cost ratio is 1.35%.
IANAX tax costs

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

  • 3-year beta is 0.43;
  • 5-year beta is 0.42;
  • 10-year beta is 0.39.
IANAX Beta

11. What is IANAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.24;
  • 5-year Sharpe ratio is 0.56;
  • 10-year Sharpe ratio is 0.66.
IANAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are IANAX weaknesses from our perspective:

  • <strong>IANAX net assets</strong> are $9.40 million. This fund is not a popular choice with retail investors.
  • <strong>IANAX 3-year return</strong> is 2.79%, which is lower than the 3-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 6.82%.
  • <strong>IANAX 5-year return</strong> is 3.94%, which is lower than the 5-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.89%.
  • <strong>IANAX 10-year return</strong> is 3.36%, which is lower than the 10-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.15%.
  • <strong>IANAX expense ratio</strong> is 0.84%, 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 IANAX review, we covered IANAX 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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