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15 important things you should know about Invesco VKMGX mutual fund

Updated: January 29, 2021
43
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
Bear Case
  • Low net assets
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

The Fund seeks a high level of current income, with liquidity and safety of principal. The Fund invests in obligations issued or guaranteed by the U.S. Government or its agencies including, depending on market conditions, a substantial portion of its assets in mortgage-backed securities.

2. What are VKMGX top holdings?

VKMGX has 0 stock holdings and 959 bond holdings.

The top 9 holdings represent 48.86% of total assets. Here are the top holdings:

Name Symbol % Assets
Federal National Mortgage Association 2% N/A 11.20%
2 Year Treasury Note Future Dec 20 ZTZ0 10.35%
5 Year Treasury Note Future Dec 20 ZFZ0 6.10%
Government National Mortgage Association 2.5% N/A 5.62%
Federal National Mortgage Association 2.5% N/A 3.94%
Government National Mortgage Association 2% N/A 3.86%
Ultra US Treasury Bond Future Dec 20 UBZ0 3.25%
10 Year Treasury Note Future Dec 20 ZNZ0 2.39%
Ultra 10 Year US Treasury Note Future Dec 20 TNZ0 2.15%

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

VKMGX has generated the following returns:

  • 1-month return is 0.26%;
  • 3-month return is 0.64%;
  • 1-year return is 0.64%;
  • 3-year return is 4.03%;
  • 5-year return is 2.97%;
  • 10-year return is 3.11%;
  • 15-year return is 3.43%.

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

In the last 10 years, VKMGX had 7 up years and 2 down years.

VKMGX up and down years

5. What is VKMGX dividend yield?

VKMGX yield is 3.65%.

6. What is VKMGX minimum initial investment amount?

VKMGX minimum initial investment amount is $1.00K.

7. What is VKMGX expense ratio?

VKMGX expense ratio is 0.92%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

VKMGX expenses

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

VKMGX 12b-1 distribution fee is 0.24. VKMGX front-end sales load is 4.25. VKMGX back-end sales load is 0.

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

  • 1-year ax cost ratio is 1.48%;
  • 3-year ax cost ratio is 1.52%.
VKMGX tax costs

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

  • 3-year beta is 0.60;
  • 5-year beta is 0.63;
  • 10-year beta is 0.60;
  • 15-year beta is 0.59.
VKMGX Beta

11. What is VKMGX Sharpe ratio?

  • 3-year Sharpe ratio is 0.83;
  • 5-year Sharpe ratio is 0.76;
  • 10-year Sharpe ratio is 1.12;
  • 15-year Sharpe ratio is 0.90.
VKMGX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 43. Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 43.

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

The following are VKMGX strengths from our perspective:

  • VKMGX 3-year return is 4.03%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays US MBS TR USD), 3.96%.
  • VKMGX 5-year return is 2.97%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays US MBS TR USD), 2.87%.
  • VKMGX 10-year return is 3.11%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays US MBS TR USD), 2.99%.

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

The following are VKMGX weaknesses from our perspective:

  • VKMGX net assets are $816.10 million. This fund is not a popular choice with retail investors.
  • VKMGX 15-year return is 3.43%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US MBS TR USD), 4.08%.
  • VKMGX expense ratio is 0.92%, 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 4.25%. 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 VKMGX review, we covered VKMGX 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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