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15 important things you should know about Invesco PICFX mutual fund

Updated: December 28, 2020
20
Bull Case
  • 5-year return above the benchmark
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe AIM Investment Funds (Invesco Investment Funds): Invesco Multi-Asset Income Fund; Class C Shares (PICFX).

The Fund seeks to provide current income. The Fund allocates across multiple income producing asset classes and strategies such as high yield debt, US dollar denominated emerging market debt, and debt securities backed by US Government or its agencies and instrumentalities. The Fund may invest in US and non-US issuers.

2. What are PICFX top holdings?

PICFX has 0 stock holdings and 552 bond holdings.

The top 10 holdings represent 49.19% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bonds 4.25% N/A 7.94%
Euro Bund Future Dec 20 FGBLZ0.DE 6.80%
Invesco Shrt-Trm Inv Treasury Instl TRPXX 5.32%
TOPIX Future Dec 20 TOPIXZ0 4.88%
Invesco Shrt-Trm Inv Gov&Agcy Instl AGPXX 4.65%
Hang Seng Index Future Oct 20 HSIV0.HK 4.11%
E-mini S&P 500 Future Dec 20 ESZ0 4.06%
Euro Stoxx 50 Future Dec 20 FESXZ0.DE 3.94%
E-mini Russell 2000 Index Future Dec 20 RTYZ0 3.90%
Invesco Shrt-Trm Inv Liq Assets Instl LAPXX 3.59%

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

PICFX has generated the following returns:

  • 1-month return is 0.85%;
  • 3-month return is 5.12%;
  • 1-year return is -5.89%;
  • 3-year return is 0.78%;
  • 5-year return is 4.71%.

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

In the last 10 years, PICFX had 7 up years and 3 down years.

PICFX up and down years

5. What is PICFX dividend yield?

PICFX yield is 5.09%.

6. What is PICFX minimum initial investment amount?

PICFX minimum initial investment amount is $1.00K.

7. What is PICFX expense ratio?

PICFX expense ratio is 1.59%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

PICFX expenses

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

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

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

  • 1-year ax cost ratio is 2.11%;
  • 3-year ax cost ratio is 1.98%.
PICFX tax costs

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

  • 3-year beta is 0.98;
  • 5-year beta is 0.96.
PICFX Beta

11. What is PICFX Sharpe ratio?

  • 3-year Sharpe ratio is -0.15;
  • 5-year Sharpe ratio is 0.22.
PICFX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 20. Our quantitative analysis shows 1 reason to buy and 4 reasons to sell it, resulting in the Finny Score of 20.

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

The following are PICFX strengths from our perspective:

  • PICFX 5-year return is 4.71%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.31%.

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

The following are PICFX weaknesses from our perspective:

  • PICFX net assets are $214.30 million. This fund is not a popular choice with retail investors.
  • PICFX 3-year return is 0.78%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.39%.
  • PICFX expense ratio is 1.59%, 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 PICFX review, we covered PICFX 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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