14 important things you should know about Invesco IENAX mutual fund

Updated: June 28, 2020
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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 51.72% of total assets. Here are the top holdings:

Name Symbol % Assets
Canadian Natural Resources Ltd CNQ.TO 6.32%
Noble Energy Inc NBL 6.10%
Suncor Energy Inc SU.TO 5.98%
Chevron Corp CVX 5.66%
BP PLC ADR BP.L 5.59%
Royal Dutch Shell PLC ADR Class A RDS.A.L 5.45%
PrairieSky Royalty Ltd PSK.TO 4.47%
Exxon Mobil Corp XOM 4.13%
Total SA FP.PA 4.12%
Hess Corp HES 3.90%

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

IENAX has generated the following returns:

  • 1-month return is 9.87%;
  • 3-month return is -31.67%;
  • 1-year return is -43.19%;
  • 3-year return is -20.79%;
  • 5-year return is -18.27%;
  • 10-year return is -8.13%;
  • 15-year return is -2.22%.

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.

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.

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%.

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

  • 3-year beta is 1.80;
  • 5-year beta is 1.69;
  • 10-year beta is 1.52.

11. What is IENAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.86;
  • 5-year Sharpe ratio is -0.60;
  • 10-year Sharpe ratio is -0.28.

Analysis

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

IENAX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy IENAX and 10 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:

  • IENAX net assets are $186.90 million. This fund is not a popular choice with retail investors.
  • IENAX 3-year return is -20.79%, which is lower than the 3-year return of the benchmark index (MSCI World/Energy NR USD), -12.49%.
  • IENAX 5-year return is -18.27%, which is lower than the 5-year return of the benchmark index (MSCI World/Energy NR USD), -9.63%.
  • IENAX 10-year return is -8.13%, which is lower than the 10-year return of the benchmark index (MSCI World/Energy NR USD), -2.57%.
  • IENAX 15-year return is -2.22%, which is lower than the 15-year return of the benchmark index (MSCI World/Energy NR USD), 0.23%.
  • 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.
  • IENAX expense ratio is 1.32%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • IENAX 3-year Beta is 1.8, which is higher than the index (MSCI ACWI NR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • IENAX 5-year Beta is 1.69, which is higher than the index (MSCI ACWI NR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • IENAX 10-year Beta is 1.52, which is higher than the index (MSCI ACWI NR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
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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