Invesco Energy Fund (IENAX)

Invesco Energy Fund (IENAX) is a sector stock mutual fund. This energy equity mutual fund invests mainly in energy related companies such as oil, gas, and exploration business.

Invesco Energy Fund (Ticker: IENAX)

The Invesco Energy Fund objective is to provide long-term capital growth. The fund utilizes its assets to purchase a portfolio of securities of issuers engaged in energy-related industries. It invests predominantly in equity securities. The principal type of equity securities purchased by the fund is common stock. The fund may invest up to 100% of its net assets in foreign securities of issuers doing business in energy-related industries. It invests in issuers of all market capitalizations.

Invesco Fund Details

IENAX fund

• Fund Inception Date: 03/27/2002
• Ticker Symbol: IENAX
• CUSIP: 00142F204
• Beta (3yr): 1.38
• Rank in category (YTD): 68%
• Category: Equity Energy
• Distribution: 0.00%
• Capital Gains: 0%
• Expense Ratio: 1.12%
• Net Assets: $ 1.3 billion
• Number of Years Up: 7 years
• Number of Years Down: 3 years
• Annual Turnover Rate: 61%

Updated on 6/5/2013

The total net assets of this Invesco fund are $1.3 billion. The fee level is low. The annual expense ratio is 1.12%. The average ratio in the category is 1.58%. The current portfolio manager is Norman MacDonald. The fund uses MSCI World Energy ND IX as its benchmark. The fund’s CUSIP is 00142F204. Since it is a class A fund, it has 5.50% front-end sales load fee. The 12b1 fee is 0.25%.

More: Best Energy Sector Equity Mutual Funds 2012

Ranked with 3-stars rating by Morningstar, the equity energy fund has 8.01% of YTD return as of April 15, 2013. The fund has recorded 7 years of positive return and 3 years of negative return so far. The best 1-year total return was occurred in 2005 with 53.89%. Based on the load adjusted returns, it has returned 3.00% over the past 3-year and 13.32% over the past decade. The 3-year beta risk is 1.38.

Stock Fund

The minimum initial investment for brokerage account is $1,000 and $250 for retirement account. A minimum subsequent investment of $50 is needed. The other classes of this Invesco Energy fund, besides IENAK are:

• Class B: IENBX
• Class C: IEFCX
• Investor Class: FSTEX
• Class Y: IENYX
• Class R5: IENIX

As of March 2013, the top 10 stock holdings of this Invesco fund are Anadarko Petroleum Corp (6.56%), Weatherford International Ltd (5.34%), Chevron Corp (5.05%), Schlumberger Ltd (4.72), Exxon Mobil Corp (4.58%), Occidental Petroleum Corp (4.19%), Cameron International Corp (4.07%), Marathon Oil Corp (4.05%), National Oilwell Varco Inc (3.87%) and Halliburton Co (3.85%). The top industry is Oil & Gas Exploration & Production (36.60%).

More: Best Invesco Mutual Funds for 2013

According to the fund’s website, the principal risks of investing in the fund are derivatives risk, counterparty risk, leverage risk, correlation risk, liquidity risk, tax risk, market risk, interest rate risk and management risk, etc.

Disclosure: No Position