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ACCDX Invesco Corporate Bond B

  • Fund
  • ACCDX
  • Price as of: Jan 26, 2018
  • $7.37
  • - $0.00
  • - 0.00%
  • Category
  • Corporate Bonds

ACCDX - Profile

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $1.59 B
  • Holdings in Top 10 20.6%

52 WEEK LOW AND HIGH

$7.37
$7.35
$7.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 212.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2010-11-30

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.60%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Corporate Bond Fund
  • Fund Family Name Invesco
  • Inception Date Sep 28, 1992
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Charles E. Burge

Fund Description

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in corporate bonds, and in derivatives and other instruments that have economic characteristics similar to such securities. At least 65% of the fund's net assets must be, and up to 100% may be, invested in investment grade securities; securities issued or guaranteed by the U.S. government, its agencies or instrumentalities; commercial paper rated Prime by Moody's or A- or higher by S&P; and cash and cash equivalents.

ACCDX - Performance

Return Ranking - Trailing

Period ACCDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.5% -70.8% 5.1% 13.69% 1
1 Yr 7.3% -3.7% 11.3% 1.15% 1
3 Yr 4.5% * -4.0% 7.6% 20.31% 1
5 Yr 4.2% * -1.4% 7.2% 26.25% 2
10 Yr 5.6% * 1.7% 9.0% 41.21% 3

* Annualized


Return Ranking - Calendar

Period ACCDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.9% -4.6% 8.3% 21.07% 2
2016 4.2% -11.3% 344.7% 19.38% 2
2015 -5.2% -18.3% 2.3% 42.25% 3
2014 3.8% -8.0% 12.3% 11.95% 1
2013 -3.8% -24.8% 5.2% 43.44% 3

Total Return Ranking - Trailing

Period ACCDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.5% -70.8% 5.1% 13.69% 1
1 Yr 2.3% -7.7% 17.6% 16.09% 1
3 Yr 3.5% * -4.0% 7.6% 33.98% 2
5 Yr 3.9% * -1.4% 7.2% 28.75% 2
10 Yr 5.6% * 1.5% 9.0% 39.01% 2

* Annualized


Total Return Ranking - Calendar

Period ACCDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.9% -4.1% 8.3% 21.76% 2
2016 4.2% -7.4% 376.9% 34.11% 3
2015 -5.2% -12.2% 5.7% 60.08% 4
2014 3.8% -8.0% 27.7% 26.29% 2
2013 -3.8% -11.2% 10.5% 56.56% 4

NAV & Total Return History

ACCDX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

ACCDX Category Low Category High ACCDX % Rank Quintile
Net Assets 1.59 B 435 K 29.1 B 7.60% 2
Number of Holdings 692 5 2215 5.70% 1
Net Assets in Top 10 221 M -485 M 4.58 B 9.51% 2
Weighting of Top 10 20.6% 2.9% 248.3% 21.29% 3

Top 10 Holdings

  1. Us Ultra Bond 3.53%
  2. US 2YR NOTE FUTURE 3.37%
  3. US 5 Year Note (CBT) Dec17 2.66%
  4. US 10 Year Note (CBT) Dec17 2.61%
  5. US Treasury Note 2.25% 1.86%
  6. US Treasury Note 1.625% 1.68%
  7. US Treasury Bond 3% 1.44%
  8. Aercap Global Aviation Tr 144A FRN 1.43%
  9. Sprint Spectrum Co Llc/Sprint 144A 3.36% 1.17%
  10. Entpr Prods Oper FRN 0.90%

Asset Allocation

Weighting Category Low Category High ACCDX % Rank Quintile
Bonds
89.41% 42.44% 180.55% 28.14% 4
Preferred Stocks
6.25% 0.00% 29.80% 2.66% 1
Cash
4.33% -84.49% 57.56% 14.45% 2
Convertible Bonds
0.16% 0.00% 19.62% 20.15% 4
Other
0.02% -12.85% 24.48% 15.21% 3
Stocks
-0.17% -3.83% 28.39% 11.41% 5

Bond Sector Breakdown

Weighting Category Low Category High ACCDX % Rank Quintile
Corporate
80.85% 0.00% 172.70% 19.39% 3
Government
12.62% -83.86% 56.54% 10.65% 2
Securitized
4.16% 0.00% 125.78% 16.73% 3
Cash & Equivalents
1.45% -83.96% 57.56% 25.48% 4
Derivative
0.90% -0.50% 58.78% 1.90% 1
Municipal
0.18% 0.00% 11.00% 13.31% 2

Bond Geographic Breakdown

Weighting Category Low Category High ACCDX % Rank Quintile
US
74.00% 0.00% 175.54% 26.62% 4
Non US
15.41% -1.12% 59.29% 19.01% 3

ACCDX - Expenses

Operational Fees

ACCDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.90% 0.00% 4.25% 35.36% 3
Management Fee 0.38% 0.00% 1.70% 9.89% 2
12b-1 Fee 0.25% 0.00% 1.00% 6.32% 3
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

ACCDX Fees (% of AUM) Category Low Category High ACCDX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 5.00% 0.00% 5.50% 3.70% 5

Trading Fees

ACCDX Fees (% of AUM) Category Low Category High ACCDX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ACCDX Fees (% of AUM) Category Low Category High ACCDX Rank Quintile
Turnover 212.00% 6.00% 1515.00% 5.32% 5

ACCDX - Distributions

Dividend Yield Analysis

ACCDX Category Low Category High ACCDX % Rank Quintile
Dividend Yield 0.3% 0.05% 2.25% 51.19% 4

Dividend Distribution Analysis

ACCDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ACCDX Category Low Category High ACCDX % Rank Quintile
Net Income Ratio 3.60% -0.09% 5.67% 19.77% 2

Capital Gain Distribution Analysis

ACCDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

ACCDX - Managers

Charles E. Burge

Manager

Start Date

Feb 12, 2010

Tenure

7.89

Tenure Rank

7.7%

Chuck Burge is a Senior Portfolio Manager with Invesco Fixed Income. Mr. Burge joined Invesco in 2002 as a portfolio manager and has held various positions with increased responsibility within the Taxable Investment team. He assumed his fund management responsibilities in 2009. Prior to joining Invesco, Mr. Burge spent seven years with Criterion Investment Management. He entered the industry in 1993. Mr. Burge earned a BS degree in economics from Texas A&M University. He also earned an MBA in finance and accounting from Rice University.


Scott Roberts

Manager

Start Date

Aug 20, 2012

Tenure

5.37

Tenure Rank

12.5%

Scott Roberts is Co-Head of the High Yield team for Invesco Fixed Income. He is also a Senior Portfolio Manager on the team and has analytical responsibilities for the chemicals, energy and utility areas. Mr. Roberts joined Invesco in 2000 as a high yield analyst and was named portfolio manager in 2009. Previously, he was a high yield analyst and trader with Van Kampen Investment Advisory Corp. He entered the industry in 1995. Mr. Roberts earned a BBA degree in finance from the University of Houston. He is a CFA charterholder.


Michael Hyman

Manager

Start Date

Jun 28, 2013

Tenure

4.51

Tenure Rank

13.7%

Michael Hyman is Chief Investment Officer, Global Investment Grade & Emerging Markets for Invesco Fixed Income. He joined Invesco in 2013. Previously, Mr. Hyman was with ING Investment Management and ING Institutional Markets for 12 years. At ING, he was the head of investment grade corporate credit, responsible for investment grade corporate credit as well as collaterized loan obligation and synthetic collateralized debt obligation investment portfolios. Prior to joining ING, Mr. Hyman was a director of capital markets for GE Capital


Matthew Brill

Manager

Start Date

Jun 28, 2013

Tenure

4.51

Tenure Rank

13.7%

Matt Brill is a senior portfolio manager for Invesco Fixed Income. He is responsible for implementing investment grade credit strategies across the fixed income platform. Prior to joining Invesco in 2013, Mr. Brill was a portfolio manager and vice president at ING Investment Management and a portfolio analyst at Wells Real Estate Funds. He entered the industry in 2002. Mr. Brill earned a BA degree in economics at Washington and Lee University. He is also a CFA charterholder.


Tenure Analysis

Category Low

0.1

Category High

31.3

Category Average

6.23

Category Mode

3.7