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Is Invesco International Small-Mid Company A (OSMAX) a Strong Mutual Fund Pick Right Now?
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Having trouble finding a Non US - Equity fund? Well, Invesco International Small-Mid Company A (OSMAX - Free Report) would not be a good potential starting point right now. OSMAX carries a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
Objective
OSMAX is classified in the Non US - Equity area by Zacks, and this segment is full of potential. Non US - Equity funds focus their investments on companies outside of the United States, which is an important distinction since global mutual funds tend to keep a sizable portion of their portfolio based in the United States. Most of these funds will allocate across emerging and developed markets, and can often extend across cap levels too.
History of Fund/Manager
OSMAX finds itself in the Invesco family, based out of Kansas City, MO. Invesco International Small-Mid Company A made its debut in November of 1997, and since then, OSMAX has accumulated about $519.06 million in assets, per the most up-to-date date available. The fund is currently managed by David Nadel who has been in charge of the fund since November of 2019.
Performance
Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of -1.2%, and it sits in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.05%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 11.72%, the standard deviation of OSMAX over the past three years is 16.11%. The standard deviation of the fund over the past 5 years is 19.56% compared to the category average of 13.61%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 1.06, so investors should note that it is hypothetically more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. OSMAX has generated a negative alpha over the past five years of -12.69, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, OSMAX is a load fund. It has an expense ratio of 1.41% compared to the category average of 0.97%. Looking at the fund from a cost perspective, OSMAX is actually more expensive than its peers.
This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.
Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included.
Bottom Line
Overall, Invesco International Small-Mid Company A ( OSMAX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, worse downside risk, and higher fees, Invesco International Small-Mid Company A ( OSMAX ) looks like a somewhat weak choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Non US - Equity, make sure to go to www.zacks.com/funds/mutual-funds for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.
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Is Invesco International Small-Mid Company A (OSMAX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Non US - Equity fund? Well, Invesco International Small-Mid Company A (OSMAX - Free Report) would not be a good potential starting point right now. OSMAX carries a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
Objective
OSMAX is classified in the Non US - Equity area by Zacks, and this segment is full of potential. Non US - Equity funds focus their investments on companies outside of the United States, which is an important distinction since global mutual funds tend to keep a sizable portion of their portfolio based in the United States. Most of these funds will allocate across emerging and developed markets, and can often extend across cap levels too.
History of Fund/Manager
OSMAX finds itself in the Invesco family, based out of Kansas City, MO. Invesco International Small-Mid Company A made its debut in November of 1997, and since then, OSMAX has accumulated about $519.06 million in assets, per the most up-to-date date available. The fund is currently managed by David Nadel who has been in charge of the fund since November of 2019.
Performance
Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of -1.2%, and it sits in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.05%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 11.72%, the standard deviation of OSMAX over the past three years is 16.11%. The standard deviation of the fund over the past 5 years is 19.56% compared to the category average of 13.61%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 1.06, so investors should note that it is hypothetically more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. OSMAX has generated a negative alpha over the past five years of -12.69, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, OSMAX is a load fund. It has an expense ratio of 1.41% compared to the category average of 0.97%. Looking at the fund from a cost perspective, OSMAX is actually more expensive than its peers.
This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.
Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included.
Bottom Line
Overall, Invesco International Small-Mid Company A ( OSMAX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, worse downside risk, and higher fees, Invesco International Small-Mid Company A ( OSMAX ) looks like a somewhat weak choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Non US - Equity, make sure to go to www.zacks.com/funds/mutual-funds for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.