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15 important things you should know about Invesco IENAX 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
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe AIM Sector Funds (Invesco Sector Funds): Invesco Energy Fund; Class A Shares (IENAX).

The Fund seeks long-term capital growth by investing primarily in the equity securities of companies within the energy sector. These industries include oil companies, oil and gas exploration companies, pipeline companies, refinery companies, energy conservation companies, coal and uranium and other assorted firms.

2. What are IENAX top holdings?

IENAX has 38 stock holdings and 0 bond holdings.

The top 10 holdings represent 54.82% of total assets. Here are the top holdings:

Name Symbol % Assets
BP PLC ADR BP.L 7.14%
Chevron Corp CVX 6.61%
Royal Dutch Shell PLC ADR Class A RDS.A.L 6.27%
Canadian Natural Resources Ltd CNQ.TO 6.15%
Total SA FP.PA 5.96%
Suncor Energy Inc SU.TO 5.76%
Albemarle Corp ALB 4.66%
PrairieSky Royalty Ltd PSK.TO 4.15%
Exxon Mobil Corp XOM 4.11%
Hess Corp HES 4.01%

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

IENAX has generated the following returns:

  • 1-month return is -10.09%;
  • 3-month return is -15.40%;
  • 1-year return is -43.56%;
  • 3-year return is -23.10%;
  • 5-year return is -15.12%;
  • 10-year return is -8.97%;
  • 15-year return is -5.02%.

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

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

IENAX up and down years

5. What is IENAX dividend yield?

IENAX yield is 1.52%.

6. What is IENAX minimum initial investment amount?

IENAX minimum initial investment amount is $1.00K.

7. What is IENAX expense ratio?

IENAX expense ratio is 1.32%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

IENAX expenses

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

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

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

  • 1-year ax cost ratio is 0.64%;
  • 3-year ax cost ratio is 0.92%.
IENAX tax costs

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

  • 3-year beta is 1.92;
  • 5-year beta is 1.74;
  • 10-year beta is 1.58.
IENAX Beta

11. What is IENAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.40;
  • 5-year Sharpe ratio is -0.41;
  • 10-year Sharpe ratio is -0.11.
IENAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are IENAX weaknesses from our perspective:

  • <strong>IENAX net assets</strong> are $186.90 million. This fund is not a popular choice with retail investors.
  • <strong>IENAX 3-year return</strong> is -23.1%, which is lower than the 3-year return of the benchmark index (MSCI World/Energy NR USD), -16.7%.
  • <strong>IENAX 5-year return</strong> is -15.12%, which is lower than the 5-year return of the benchmark index (MSCI World/Energy NR USD), -7.46%.
  • <strong>IENAX 10-year return</strong> is -8.97%, which is lower than the 10-year return of the benchmark index (MSCI World/Energy NR USD), -3.54%.
  • <strong>IENAX 15-year return</strong> is -5.02%, which is lower than the 15-year return of the benchmark index (MSCI World/Energy NR USD), -2.12%.
  • <strong>IENAX expense ratio</strong> is 1.32%, 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 IENAX review, we covered IENAX 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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