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15 important things you should know about Invesco TNECX 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 TNECX “stock” price, you can quickly find it out by visiting Finny and typing "TNECX quote". If you’re looking for a quick scoop on TNECX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "TNECX". You’ll get all this info in one place.

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

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

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

  1. Describe AIM Growth Series (Invesco Growth Series): Invesco Balanced-Risk Retirement 2050 Fund; Class C Shares (TNECX).
  2. What are TNECX holdings?
  3. What is TNECX performance? What are TNECX historical returns?
  4. How many up and down years did TNECX have historically?
  5. What is TNECX dividend yield?
  6. What is TNECX minimum initial investment amount?
  7. What is TNECX expense ratio?
  8. Does TNECX have any sales loads or 12b-1 distribution expenses?
  9. What is TNECX tax efficiency (tax-cost ratio)?
  10. What is TNECX beta? How would you assess TNECX risk?
  11. What is TNECX Sharpe ratio?
  12. What is TNECX Finny Score? TNECX buy or sell?
  13. What are the pros of investing in TNECX? What are TNECX buy reasons?
  14. What are the cons of investing in TNECX? What are TNECX 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 2050 Fund; Class C Shares (TNECX).

The Fund seeks to provide capital appreciation and current income for investors whose target retirement date is around the year 2050. The Fund seeks to achieve this by investing in underlying funds that invest primarily in domestic equity securities.

2. What are TNECX top holdings?

TNECX has 0 stock holdings and 0 bond holdings.

The top 2 holdings represent 99.13% of total assets. Here are the top holdings:

Name Symbol % Assets
Invesco Balanced-Risk Agrsv Allc N/A 65.02%
Invesco Balanced-Risk Allc R6 ALLFX 34.11%

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

TNECX has generated the following returns:

  • 1-month return is -1.08%;
  • 3-month return is 4.73%;
  • 1-year return is 1.29%;
  • 3-year return is 3.60%;
  • 5-year return is 6.15%;
  • 10-year return is 5.55%.

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

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

TNECX up and down years

5. What is TNECX dividend yield?

TNECX yield is 6.43%.

6. What is TNECX minimum initial investment amount?

TNECX minimum initial investment amount is $1.00K.

7. What is TNECX expense ratio?

TNECX expense ratio is 1.91%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

TNECX expenses

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

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

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

  • 1-year ax cost ratio is 2.48%;
  • 3-year ax cost ratio is 1.71%.
TNECX tax costs

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

  • 3-year beta is 0.93;
  • 5-year beta is 0.91;
  • 10-year beta is 0.81.
TNECX Beta

11. What is TNECX Sharpe ratio?

  • 3-year Sharpe ratio is 0.20;
  • 5-year Sharpe ratio is 0.32;
  • 10-year Sharpe ratio is 0.60.
TNECX 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 TNECX? What are TNECX buy reasons?

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

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

The following are TNECX weaknesses from our perspective:

  • <strong>TNECX net assets</strong> are $4.20 million. This fund is not a popular choice with retail investors.
  • <strong>TNECX 3-year return</strong> is 3.6%, which is lower than the 3-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 6.26%.
  • <strong>TNECX 5-year return</strong> is 6.15%, which is lower than the 5-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.66%.
  • <strong>TNECX 10-year return</strong> is 5.55%, which is lower than the 10-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.38%.
  • <strong>TNECX expense ratio</strong> is 1.91%, 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 TNECX review, we covered TNECX 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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