14 important things you should know about Invesco SMECX mutual fund

Updated: June 29, 2020
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Before we start: if you’re looking for SMECX “stock” price, you can quickly find it out by visiting Finny and typing "SMECX quote". If you’re looking for a quick scoop on SMECX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "SMECX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe AIM Funds Group (Invesco Funds Group): Invesco Small Cap Equity Fund; Class C Shares (SMECX).

The Fund seeks to provide long-term growth of capital by investing primarily in equity securities of companies included in the Russell 2000 Index. These may include common stocks, convertible bonds, convertible securities and warrants.

2. What are SMECX top holdings?

SMECX has 91 stock holdings and 0 bond holdings.

The top 10 holdings represent 15.30% of total assets. Here are the top holdings:

Name Symbol % Assets
SPX Corp SPXC 1.96%
Iridium Communications Inc IRDM 1.87%
Lumentum Holdings Inc LITE 1.64%
Wolverine World Wide Inc WWW 1.49%
Boot Barn Holdings Inc BOOT 1.48%
HealthEquity Inc HQY 1.46%
NeoGenomics Inc NEO 1.44%
Curtiss-Wright Corp CW 1.34%
LPL Financial Holdings Inc LPLA 1.34%
Neurocrine Biosciences Inc NBIX 1.28%

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

SMECX has generated the following returns:

  • 1-month return is 6.53%;
  • 3-month return is -19.01%;
  • 1-year return is -12.49%;
  • 3-year return is -1.99%;
  • 5-year return is -0.39%;
  • 10-year return is 5.99%;
  • 15-year return is 5.39%.

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

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

5. What is SMECX dividend yield?

SMECX yield is 0%.

6. What is SMECX minimum initial investment amount?

SMECX minimum initial investment amount is $1.00K.

7. What is SMECX expense ratio?

SMECX expense ratio is 2.03%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 3.36%;
  • 3-year ax cost ratio is 3.21%.

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

  • 3-year beta is 1.25;
  • 5-year beta is 1.23;
  • 10-year beta is 1.23.

11. What is SMECX Sharpe ratio?

  • 3-year Sharpe ratio is -0.33;
  • 5-year Sharpe ratio is -0.17;
  • 10-year Sharpe ratio is 0.31.

Analysis

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

SMECX Finny Score is 0. Our quantitative analysis shows 0 reasons to buy SMECX and 10 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are SMECX weaknesses from our perspective:

  • SMECX net assets are $18.90 million. This fund is not a popular choice with retail investors.
  • SMECX 3-year return is -1.99%, which is lower than the 3-year return of the benchmark index (Russell 2000 TR USD), -0.32%.
  • SMECX 5-year return is -0.39%, which is lower than the 5-year return of the benchmark index (Russell 2000 TR USD), 2.79%.
  • SMECX 10-year return is 5.99%, which is lower than the 10-year return of the benchmark index (Russell 2000 TR USD), 8.1%.
  • SMECX 15-year return is 5.39%, which is lower than the 15-year return of the benchmark index (Russell 2000 TR USD), 6.9%.
  • 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.
  • SMECX expense ratio is 2.03%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • SMECX 3-year Beta is 1.25, which is higher than the index (S&P 500 TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • SMECX 5-year Beta is 1.23, which is higher than the index (S&P 500 TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • SMECX 10-year Beta is 1.23, which is higher than the index (S&P 500 TR 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 SMECX review, we covered SMECX 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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