14 important things you should know about Invesco IBVAX mutual fund

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

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

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

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

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

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

Fact Sheet

1. Describe AIM International Mutual Funds (Invesco International Mutual Funds): Invesco Intl Core Eq Fd; Cl A Shs (IBVAX).

The Fund seeks total return. The fund invests primarily in the stocks of larger-capitalization foreign companies with a record of stable earnings or dividends and a reputation for high-quality management.

2. What are IBVAX top holdings?

IBVAX has 53 stock holdings and 0 bond holdings.

The top 10 holdings represent 30.11% of total assets. Here are the top holdings:

Name Symbol % Assets
SAP SE SAP.DE 3.60%
Novartis AG ADR NVS 3.36%
Royal Dutch Shell PLC ADR Class A RDS.A.L 3.34%
Hitachi Ltd 6501 3.08%
BNP Paribas BNP.PA 2.86%
Sanofi SA SAN.PA 2.83%
Vivendi SA VIV.PA 2.79%
ING Groep NV INGA 2.76%
Nomad Foods Ltd NOMD.L 2.75%
Siemens AG SIE.DE 2.74%

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

IBVAX has generated the following returns:

  • 1-month return is 3.94%;
  • 3-month return is -19.86%;
  • 1-year return is -10.91%;
  • 3-year return is -3.82%;
  • 5-year return is -1.94%;
  • 10-year return is 1.74%;
  • 15-year return is 1.91%.

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

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

5. What is IBVAX dividend yield?

IBVAX yield is 2.08%.

6. What is IBVAX minimum initial investment amount?

IBVAX minimum initial investment amount is $1.00K.

7. What is IBVAX expense ratio?

IBVAX expense ratio is 1.12%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.84%;
  • 3-year ax cost ratio is 1.33%.

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

  • 3-year beta is 1.12;
  • 5-year beta is 1.03;
  • 10-year beta is 1.00.

11. What is IBVAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.32;
  • 5-year Sharpe ratio is -0.19;
  • 10-year Sharpe ratio is 0.04.

Analysis

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

IBVAX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy IBVAX and 8 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are IBVAX weaknesses from our perspective:

  • IBVAX net assets are $29.10 million. This fund is not a popular choice with retail investors.
  • IBVAX 3-year return is -3.82%, which is lower than the 3-year return of the benchmark index (MSCI EAFE NR USD), -1.37%.
  • IBVAX 5-year return is -1.94%, which is lower than the 5-year return of the benchmark index (MSCI EAFE NR USD), -0.42%.
  • IBVAX 10-year return is 1.74%, which is lower than the 10-year return of the benchmark index (MSCI EAFE NR USD), 4.14%.
  • IBVAX 15-year return is 1.91%, which is lower than the 15-year return of the benchmark index (MSCI EAFE NR USD), 3.57%.
  • 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.
  • IBVAX expense ratio is 1.12%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • IBVAX 3-year Beta is 1.12, which is higher than the index (MSCI ACWI Ex USA NR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
In the IBVAX review, we covered IBVAX 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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