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15 important things you should know about Invesco SPICX mutual fund

Updated: September 28, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

2. What are SPICX top holdings?

SPICX 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 SPICX performance? What are SPICX historical returns?

SPICX has generated the following returns:

  • 1-month return is -3.40%;
  • 3-month return is 6.05%;
  • 1-year return is 10.37%;
  • 3-year return is 10.21%;
  • 5-year return is 11.58%;
  • 10-year return is 12.01%;
  • 15-year return is 7.76%.

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

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

SPICX up and down years

5. What is SPICX dividend yield?

SPICX yield is 0.62%.

6. What is SPICX minimum initial investment amount?

SPICX minimum initial investment amount is $1.00K.

7. What is SPICX expense ratio?

SPICX expense ratio is 1.31%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

SPICX expenses

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

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

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

  • 1-year ax cost ratio is 0.43%;
  • 3-year ax cost ratio is 0.43%.
SPICX tax costs

10. What is SPICX beta? How would you assess SPICX 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.
SPICX Beta

11. What is SPICX Sharpe ratio?

  • 3-year Sharpe ratio is 0.51;
  • 5-year Sharpe ratio is 0.60;
  • 10-year Sharpe ratio is 0.90;
  • 15-year Sharpe ratio is 0.52.
SPICX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are SPICX weaknesses from our perspective:

  • <strong>SPICX net assets</strong> are $318.40 million. This fund is not a popular choice with retail investors.
  • <strong>SPICX 3-year return</strong> is 10.21%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 11.64%.
  • <strong>SPICX 5-year return</strong> is 11.58%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 13.04%.
  • <strong>SPICX 10-year return</strong> is 12.01%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 13.48%.
  • <strong>SPICX 15-year return</strong> is 7.76%, which is lower than the 15-year return of the benchmark index (S&P 500 TR USD), 9.13%.
  • <strong>SPICX expense ratio</strong> is 1.31%, 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 SPICX review, we covered SPICX 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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