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ACCEX Invesco Corporate Bond C

  • Fund
  • ACCEX
  • Price as of: Sep 20, 2019
  • $7.61 + $0.03 + 0.40%

ACCEX - Profile

Vitals

  • YTD Return 10.9%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $1.84 B
  • Holdings in Top 10 12.0%

52 WEEK LOW AND HIGH

$7.61
$6.83
$7.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 145.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.9%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.30%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Corporate Bond Fund
  • Fund Family Name Invesco
  • Inception Date Aug 30, 1993
  • Shares Outstanding N/A
  • Share Class C
  • 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.

ACCEX - Performance

Return Ranking - Trailing

Period ACCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -0.4% 20.0% 1.55%
1 Yr 7.5% -5.7% 17.2% 7.55%
3 Yr 0.7%* -3.2% 8.5% 6.97%
5 Yr 0.8%* -14.7% 3.8% 8.14%
10 Yr 1.7%* -8.6% 6.5% 2.51%

* Annualized


Return Ranking - Calendar

Period ACCEX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.0% -13.7% 6.9% 98.82%
2017 3.0% -6.5% 21.2% 6.79%
2016 4.5% -58.1% 8.6% 1.16%
2015 -4.9% -24.0% 2.6% 95.78%
2014 4.0% -60.4% 83.0% 31.62%

Total Return Ranking - Trailing

Period ACCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -0.4% 20.0% 1.81%
1 Yr 7.5% -4.8% 17.2% 10.95%
3 Yr 0.9%* -3.2% 8.6% 20.61%
5 Yr 0.9%* -14.7% 5.9% 20.85%
10 Yr 1.8%* -8.6% 7.0% 15.98%

* Annualized


Total Return Ranking - Calendar

Period ACCEX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.0% -13.7% 6.9% 98.90%
2017 3.6% -6.5% 27.0% 10.34%
2016 4.5% -58.1% 10.7% 4.28%
2015 -4.9% -14.6% 4.2% 96.87%
2014 4.0% -60.4% 83.0% 38.56%

NAV & Total Return History

ACCEX - Holdings

Concentration Analysis

ACCEX Category Low Category High ACCEX % Rank
Net Assets 1.84 B 701 K 241 B 27.57%
Number of Holdings 692 1 17412 23.38%
Net Assets in Top 10 202 M -179 M 22.6 B 37.31%
Weighting of Top 10 12.01% 2.5% 215.9% 80.82%

Top 10 Holdings

  1. United States Treasury Bonds 3% 1.87%

  2. United States Treasury Notes 2% 1.68%

  3. Continental Resources, Inc. 5% 1.66%

  4. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.18%

  5. United States Treasury Notes 2.38% 1.05%

  6. Aercap Global Aviation Trust 6.5% 1.05%

  7. Aviation Capital Group LLC 3.5% 0.95%

  8. Hyndai Capital America 4.3% 0.91%

  9. Asterix Inc 3.9 4/30/2023 0.90%

  10. Kinder Morgan, Inc. 7.8% 0.76%


Asset Allocation

Weighting Return Low Return High ACCEX % Rank
Bonds
92.84% 80.17% 131.40% 85.12%
Cash
2.46% -37.85% 22.95% 44.46%
Preferred Stocks
2.34% -1.25% 4.13% 0.44%
Convertible Bonds
2.29% 0.00% 6.30% 4.89%
Stocks
0.07% -14.50% 14.08% 4.23%
Other
0.00% -16.03% 27.53% 25.57%

Stock Sector Breakdown

Weighting Return Low Return High ACCEX % Rank
Financial Services
0.11% 0.00% 22.00% 12.17%
Utilities
0.00% 0.00% 24.74% 27.27%
Technology
0.00% 0.00% 21.18% 23.40%
Real Estate
0.00% 0.00% 19.91% 25.53%
Industrials
0.00% 0.00% 34.84% 29.68%
Healthcare
0.00% 0.00% 38.22% 29.14%
Energy
0.00% 0.00% 9.51% 45.72%
Communication Services
0.00% 0.00% 18.86% 25.80%
Consumer Defense
0.00% 0.00% 9.55% 24.33%
Consumer Cyclical
0.00% 0.00% 22.53% 27.94%
Basic Materials
0.00% 0.00% 10.36% 26.87%

Stock Geographic Breakdown

Weighting Return Low Return High ACCEX % Rank
US
0.07% -14.50% 12.26% 3.87%
Non US
0.00% 0.00% 4.63% 20.86%

Bond Sector Breakdown

Weighting Return Low Return High ACCEX % Rank
Corporate
86.56% -1.23% 99.47% 4.34%
Government
7.85% -74.40% 253.85% 44.82%
Securitized
4.03% 0.00% 141.25% 47.26%
Cash & Equivalents
1.44% -37.85% 22.95% 53.46%
Municipal
0.06% 0.00% 106.42% 73.78%
Derivative
-0.02% -125.90% 27.06% 91.79%

Bond Geographic Breakdown

Weighting Return Low Return High ACCEX % Rank
US
77.77% 66.38% 150.14% 93.25%
Non US
15.07% -43.03% 26.38% 8.10%

ACCEX - Expenses

Operational Fees

ACCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.00% 209.96% 15.07%
Management Fee 0.35% 0.00% 1.25% 35.16%
12b-1 Fee 0.95% 0.00% 1.00% 81.12%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

ACCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 0.00% 5.50% 30.77%

Trading Fees

ACCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

ACCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 145.00% 0.00% 1856.00% 83.68%

ACCEX - Distributions

Dividend Yield Analysis

ACCEX Category Low Category High ACCEX % Rank
Dividend Yield 1.36% 0.00% 95.52% 50.11%

Dividend Distribution Analysis

ACCEX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

ACCEX Category Low Category High ACCEX % Rank
Net Income Ratio 3.30% -0.18% 4.99% 11.85%

Capital Gain Distribution Analysis

ACCEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

ACCEX - Managers

Charles E. Burge

Manager

Start Date

Tenure

Tenure Rank

Feb 12, 2010

9.55

9.6%

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 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

Tenure

Tenure Rank

Aug 20, 2012

7.03

7.0%

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

Tenure

Tenure Rank

Jun 28, 2013

6.18

6.2%

Michael Hyman is Chief Investment Officer, Global Investment Grade & Emerging Markets for Invesco Fixed Income. He joined Invesco in 2013 and entered the industry in 1991. 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. Mr. Hyman earned a BSE degree in finance from Pennsylvania State University and an MBA from NYU.


Matthew Brill

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2013

6.18

6.2%

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.


Todd Schomberg

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.18

0.2%

Todd Schomberg is a Portfolio Manager for ING U.S. Investment Management's investment grade team. Prior to joining ING U.S. Investment Management, Todd worked as a Senior Fixed Income Investment Analyst for Wells Capital Management. Todd received a B.S. degree in Finance and Economics from the University of Wisconsin-La Crosse and an M.B.A. from the University of Wisconsin-Madison. He holds the Chartered Financial Analyst® designation.


Tenure Analysis

Category Low

0.0

Category High

39.94

Category Average

7.48

Category Mode

7.29