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15 important things you should know about Invesco IANCX mutual fund

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

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

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

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

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 IANCX top holdings?

IANCX has 0 stock holdings and 0 bond holdings.

The top 1 holding represent 59.01% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Balanced-Risk Allc R6 ALLFX 59.01%

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

IANCX has generated the following returns:

  • 1-month return is -0.51%;
  • 3-month return is 1.84%;
  • 1-year return is 0.50%;
  • 3-year return is 1.91%;
  • 5-year return is 2.75%;
  • 10-year return is 2.66%.

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

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

IANCX up and down years

5. What is IANCX dividend yield?

IANCX yield is 5.22%.

6. What is IANCX minimum initial investment amount?

IANCX minimum initial investment amount is $1.00K.

7. What is IANCX expense ratio?

IANCX expense ratio is 1.58%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

IANCX expenses

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

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

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

  • 1-year ax cost ratio is 2.11%;
  • 3-year ax cost ratio is 1.31%.
IANCX tax costs

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

  • 3-year beta is 0.41;
  • 5-year beta is 0.41;
  • 10-year beta is 0.38.
IANCX Beta

11. What is IANCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.04;
  • 5-year Sharpe ratio is 0.16;
  • 10-year Sharpe ratio is 0.53.
IANCX 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 IANCX? What are IANCX buy reasons?

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

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

The following are IANCX weaknesses from our perspective:

  • <strong>IANCX net assets</strong> are $2.10 million. This fund is not a popular choice with retail investors.
  • <strong>IANCX 3-year return</strong> is 1.91%, which is lower than the 3-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 6.66%.
  • <strong>IANCX 5-year return</strong> is 2.75%, which is lower than the 5-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.89%.
  • <strong>IANCX 10-year return</strong> is 2.66%, which is lower than the 10-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.62%.
  • <strong>IANCX expense ratio</strong> is 1.58%, 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 IANCX review, we covered IANCX 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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