Invesco Income Advantage U.S. Fund (SCAUX)

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Invesco Income Advantage U.S. Fund (SCAUX) is up 6.8% since the beginning of the year. SCAUX is currently trading at $13 per share. Investors who bought $1,000 worth of SCAUX shares 5 years ago would now be looking at an investment worth $1,640.

Invesco Income Advantage U.S. Fund (SCAUX) has returned 6.84% so far this year and 20.40% over the past 12 months. Over the last ten years, SCAUX has returned 7.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 3, 2007, SCAUX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.

Historically, 63% of months were positive and 37% were negative. The best month was Oct 2011 with a return of +11.0%, while the worst month was Oct 2008 at -16.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SCAUX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +11.0%, while the worst single day was Mar 16, 2020 at -11.3%.

Invesco Income Advantage U.S. Fund has an annualized alpha of -2.15%, beta of 0.91, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since January 03, 2007.

• This fund participated in 95.38% of S&P 500 Index downside but only 82.20% of its upside - more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.15% versus S&P 500 Index - delivering less than market exposure alone would predict.
• With beta of 0.91 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

SCAUX has a high expense ratio of 1.05%, indicating above-average management fees.

SCAUX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Invesco Income Advantage U.S. Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $0.76 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco Income Advantage U.S. Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Income Advantage U.S. Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Income Advantage U.S. Fund was 54.56%, occurring on Mar 9, 2009. Recovery took 988 trading sessions.

The current Invesco Income Advantage U.S. Fund drawdown is 0.86%.

The chart below shows the rolling one-month volatility.