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15 important things you should know about Invesco ILAAX mutual fund

Updated: September 18, 2020
17
Bull Case
  • No sales load or distribution fees
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

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

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

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

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

  1. Describe AIM Growth Series (Invesco Growth Series): Invesco Income Allocation Fund; Class R5 Shares (ILAAX).
  2. What are ILAAX holdings?
  3. What is ILAAX performance? What are ILAAX historical returns?
  4. How many up and down years did ILAAX have historically?
  5. What is ILAAX dividend yield?
  6. What is ILAAX minimum initial investment amount?
  7. What is ILAAX expense ratio?
  8. Does ILAAX have any sales loads or 12b-1 distribution expenses?
  9. What is ILAAX tax efficiency (tax-cost ratio)?
  10. What is ILAAX beta? How would you assess ILAAX risk?
  11. What is ILAAX Sharpe ratio?
  12. What is ILAAX Finny Score? ILAAX buy or sell?
  13. What are the pros of investing in ILAAX? What are ILAAX buy reasons?
  14. What are the cons of investing in ILAAX? What are ILAAX 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 Income Allocation Fund; Class R5 Shares (ILAAX).

The Fund seeks current income and, secondarily, growth of capital. The Fund's target allocation is to invest 60%-70% of its total assets in underlying funds that invest primarily in fixed-income securities and 30%-40% of its total assets in underlying funds that invest primarily in equity securities, including REITs.

2. What are ILAAX top holdings?

ILAAX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 82.39% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Core Plus Bond R6 CPBFX 14.50%
Invesco Quality Income R5 VUSJX 11.68%
Invesco Multi-Asset Income R6 PIFFX 9.96%
Invesco Floating Rate R6 AFRFX 8.67%
Invesco Dividend Income R6 IFUTX 8.52%
Invesco High Yield R6 HYIFX 6.80%
Invesco Variable Rate Preferred ETF VRP 5.88%
Invesco S&P 500® Enhanced Value ETF SPVU 5.83%
Invesco S&P Intl Dev Low Vol ETF IDLV 5.56%
Invesco Global Real Estate Income R6 ASRFX 4.99%

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

ILAAX has generated the following returns:

  • 1-month return is 0.96%;
  • 3-month return is 3.09%;
  • 1-year return is 0.38%;
  • 3-year return is 3.08%;
  • 5-year return is 5.12%;
  • 10-year return is 5.90%.

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

In the last 10 years, ILAAX had 8 up years and 2 down years. See Performances

5. What is ILAAX dividend yield?

ILAAX yield is 4.78%.

6. What is ILAAX minimum initial investment amount?

ILAAX minimum initial investment amount is N/A.

7. What is ILAAX expense ratio?

ILAAX expense ratio is 0.56%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

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

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

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

  • 1-year ax cost ratio is 2.44%;
  • 3-year ax cost ratio is 1.93%.

See Taxes

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

  • 3-year beta is 0.83;
  • 5-year beta is 0.80;
  • 10-year beta is 0.70.

See Risks

11. What is ILAAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.10;
  • 5-year Sharpe ratio is 0.38;
  • 10-year Sharpe ratio is 0.83.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 17. Our quantitative analysis shows 1 reason to buy and 5 reasons to sell it, resulting in the Finny Score of 17.

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

The following are ILAAX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are ILAAX weaknesses from our perspective:

  • <strong>ILAAX net assets</strong> are $2.10 million. This fund is not a popular choice with retail investors.
  • <strong>ILAAX 3-year return</strong> is 3.08%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 13.64%.
  • <strong>ILAAX 5-year return</strong> is 5.12%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 14.57%.
  • <strong>ILAAX 10-year return</strong> is 5.9%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 14.33%.
  • <strong>ILAAX expense ratio</strong> is 0.56%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ILAAX review, we covered ILAAX 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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