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15 important things you should know about Invesco TNACX 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
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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 TNACX top holdings?

TNACX has 0 stock holdings and 0 bond holdings.

The top 1 holding represent 99.55% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Balanced-Risk Allc R6 ALLFX 99.55%

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

TNACX has generated the following returns:

  • 1-month return is -0.83%;
  • 3-month return is 3.22%;
  • 1-year return is 0.62%;
  • 3-year return is 2.67%;
  • 5-year return is 4.57%;
  • 10-year return is 4.70%.

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

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

TNACX up and down years

5. What is TNACX dividend yield?

TNACX yield is 4%.

6. What is TNACX minimum initial investment amount?

TNACX minimum initial investment amount is $1.00K.

7. What is TNACX expense ratio?

TNACX expense ratio is 1.86%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

TNACX expenses

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

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

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

  • 1-year ax cost ratio is 1.58%;
  • 3-year ax cost ratio is 1.2%.
TNACX tax costs

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

  • 3-year beta is 0.70;
  • 5-year beta is 0.69;
  • 10-year beta is 0.66.
TNACX Beta

11. What is TNACX Sharpe ratio?

  • 3-year Sharpe ratio is 0.13;
  • 5-year Sharpe ratio is 0.26;
  • 10-year Sharpe ratio is 0.63.
TNACX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

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

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

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

The following are TNACX weaknesses from our perspective:

  • <strong>TNACX net assets</strong> are $8.20 million. This fund is not a popular choice with retail investors.
  • <strong>TNACX 3-year return</strong> is 2.67%, which is lower than the 3-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 6.26%.
  • <strong>TNACX 5-year return</strong> is 4.57%, which is lower than the 5-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.66%.
  • <strong>TNACX 10-year return</strong> is 4.7%, which is lower than the 10-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.38%.
  • <strong>TNACX expense ratio</strong> is 1.86%, 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 TNACX review, we covered TNACX 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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