14 important things you should know about Invesco TNAAX mutual fund

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

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

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

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

  1. Describe AIM Growth Series (Invesco Growth Series): Invesco Balanced-Risk Retirement 2030 Fund; Class A Shares (TNAAX).
  2. What are TNAAX holdings?
  3. What is TNAAX performance? What are TNAAX historical returns?
  4. How many up and down years did TNAAX have historically?
  5. What is TNAAX dividend yield?
  6. What is TNAAX minimum initial investment amount?
  7. What is TNAAX expense ratio?
  8. Does TNAAX have any sales loads or 12b-1 distribution expenses?
  9. What is TNAAX tax efficiency (tax-cost ratio)?
  10. What is TNAAX beta? How would you assess TNAAX risk?
  11. What is TNAAX Sharpe ratio?
  12. What is TNAAX Finny Score? TNAAX buy or sell?
  13. What are the pros of investing in TNAAX? What are TNAAX buy reasons?
  14. What are the cons of investing in TNAAX? What are TNAAX 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 Balanced-Risk Retirement 2030 Fund; Class A Shares (TNAAX).

The Fund seeks to provide capital appreciation and current income for investors whose target retirement date is around the year 2030. The Fund seeks to achieve this by investing primarily in underlying funds that invest in domestic equity securities.

2. What are TNAAX top holdings?

TNAAX has 0 stock holdings and 0 bond holdings.

The top 2 holdings represent 98.89% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Balanced-Risk Allc R6 ALLFX 98.31%
Invesco Balanced-Risk Agrsv Allc N/A 0.58%

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

TNAAX has generated the following returns:

  • 1-month return is 0.64%;
  • 3-month return is -8.95%;
  • 1-year return is -3.08%;
  • 3-year return is 1.27%;
  • 5-year return is 2.05%;
  • 10-year return is 5.17%.

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

In the last 10 years, TNAAX had 8 up years and 2 down years.

5. What is TNAAX dividend yield?

TNAAX yield is 4.73%.

6. What is TNAAX minimum initial investment amount?

TNAAX minimum initial investment amount is $1.00K.

7. What is TNAAX expense ratio?

TNAAX expense ratio is 1.11%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

TNAAX 12b-1 distribution fee is 0.25. TNAAX front-end sales load is 5.5. TNAAX back-end sales load is 0.

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

  • 1-year ax cost ratio is 1.84%;
  • 3-year ax cost ratio is 1.39%.

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

  • 3-year beta is 0.69;
  • 5-year beta is 0.70;
  • 10-year beta is 0.61.

11. What is TNAAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.15;
  • 5-year Sharpe ratio is 0.05;
  • 10-year Sharpe ratio is 0.64.

Analysis

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

TNAAX Finny Score is 33. Our quantitative analysis shows 3 reasons to buy TNAAX and 6 reasons to sell it, resulting in the Finny Score of 33.

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

The following are TNAAX strengths from our perspective:

  • TNAAX 3-year Beta is 0.69, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • TNAAX 5-year Beta is 0.7, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • TNAAX 10-year Beta is 0.61, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are TNAAX weaknesses from our perspective:

  • TNAAX net assets are $37.90 million. This fund is not a popular choice with retail investors.
  • TNAAX 3-year return is 1.27%, which is lower than the 3-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 4.46%.
  • TNAAX 5-year return is 2.05%, which is lower than the 5-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 4.53%.
  • TNAAX 10-year return is 5.17%, which is lower than the 10-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 6.65%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, 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.
  • TNAAX expense ratio is 1.11%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the TNAAX review, we covered TNAAX 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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