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15 important things you should know about Invesco SPIAX mutual fund

Updated: September 28, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

  1. Describe AIM Counselor Series Trust (Invesco Counselor Series Trust): Invesco S&P 500 Index Fund; Class A Shares (SPIAX).
  2. What are SPIAX holdings?
  3. What is SPIAX performance? What are SPIAX historical returns?
  4. How many up and down years did SPIAX have historically?
  5. What is SPIAX dividend yield?
  6. What is SPIAX minimum initial investment amount?
  7. What is SPIAX expense ratio?
  8. Does SPIAX have any sales loads or 12b-1 distribution expenses?
  9. What is SPIAX tax efficiency (tax-cost ratio)?
  10. What is SPIAX beta? How would you assess SPIAX risk?
  11. What is SPIAX Sharpe ratio?
  12. What is SPIAX Finny Score? SPIAX buy or sell?
  13. What are the pros of investing in SPIAX? What are SPIAX buy reasons?
  14. What are the cons of investing in SPIAX? What are SPIAX sell reasons?

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

Fact Sheet

1. Describe AIM Counselor Series Trust (Invesco Counselor Series Trust): Invesco S&P 500 Index Fund; Class A Shares (SPIAX).

The Fund seeks to deliver investment performance that corresponds, before expenses, to the total return of the S&P 500.

2. What are SPIAX top holdings?

SPIAX has 505 stock holdings and 0 bond holdings.

The top 10 holdings represent 25.97% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 5.48%
Apple Inc AAPL 4.84%
Amazon.com Inc AMZN 3.70%
E-mini S&P 500 Future June 20 ESM0 2.46%
Facebook Inc A FB 1.83%
Berkshire Hathaway Inc Class B BRK.B 1.63%
Alphabet Inc A GOOGL 1.59%
Alphabet Inc Class C GOOG 1.58%
Johnson & Johnson JNJ 1.57%
JPMorgan Chase & Co JPM 1.29%

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

SPIAX has generated the following returns:

  • 1-month return is -3.32%;
  • 3-month return is 6.27%;
  • 1-year return is 11.20%;
  • 3-year return is 11.04%;
  • 5-year return is 12.41%;
  • 10-year return is 12.85%;
  • 15-year return is 8.56%.

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

In the last 10 years, SPIAX had 9 up years and 1 down year.

SPIAX up and down years

5. What is SPIAX dividend yield?

SPIAX yield is 1.3%.

6. What is SPIAX minimum initial investment amount?

SPIAX minimum initial investment amount is $1.00K.

7. What is SPIAX expense ratio?

SPIAX expense ratio is 0.55%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

SPIAX expenses

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

SPIAX 12b-1 distribution fee is 0.24. SPIAX front-end sales load is 5.5. SPIAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 0.69%;
  • 3-year ax cost ratio is 0.69%.
SPIAX tax costs

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

  • 3-year beta is 1.00;
  • 5-year beta is 1.00;
  • 10-year beta is 1.00;
  • 15-year beta is 1.00.
SPIAX Beta

11. What is SPIAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.55;
  • 5-year Sharpe ratio is 0.65;
  • 10-year Sharpe ratio is 0.96;
  • 15-year Sharpe ratio is 0.57.
SPIAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

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

The following are SPIAX strengths from our perspective:

  • <strong>SPIAX 3-year return</strong> is 11.04%, which is in line with the 3-year return of the benchmark index (S&P 500 TR USD), 11.64%.
  • <strong>SPIAX 5-year return</strong> is 12.41%, which is in line with the 5-year return of the benchmark index (S&P 500 TR USD), 13.04%.
  • <strong>SPIAX 10-year return</strong> is 12.85%, which is in line with the 10-year return of the benchmark index (S&P 500 TR USD), 13.48%.
  • <strong>SPIAX 15-year return</strong> is 8.56%, which is in line with the 15-year return of the benchmark index (S&P 500 TR USD), 9.13%.

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

The following are SPIAX weaknesses from our perspective:

  • <strong>SPIAX expense ratio</strong> is 0.55%, 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 0.24%, 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 SPIAX review, we covered SPIAX 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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