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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.48

$5.03 B

7.65%

$0.72

0.50%

Vitals

YTD Return

3.8%

1 yr return

-12.1%

3 Yr Avg Return

-5.5%

5 Yr Avg Return

-2.6%

Net Assets

$5.03 B

Holdings in Top 10

21.9%

52 WEEK LOW AND HIGH

$9.5
$8.71
$10.79

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.48

$5.03 B

7.65%

$0.72

0.50%

CPBYX - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return -5.5%
  • 5 Yr Annualized Total Return -2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 7.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Core Plus Bond Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Jun 03, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Burge

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities and in derivatives and other instruments that have economic characteristics similar to such securities.The Fund invests primarily in investment grade fixed-income securities generally represented by the Bloomberg U.S. Aggregate Bond Index (the benchmark index). The principal types of fixed-income securities in which the Fund invests are corporate bonds, U.S. Treasury and agency securities, and mortgage-backed and asset-backed securities. The Fund may invest up to 20% of its net assets in debt securities rated below investment grade. Below investment grade securities are commonly referred to as junk bonds.The Fund may invest up to 30% of its net assets in foreign debt securities, including debt securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund may invest up to 20% of the Fund’s net assets in currencies and securities, including foreign currency derivatives, denominated in currencies other than the U.S. dollar.The Fund may purchase mortgage-backed and asset-backed securities such as collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs) and collateralized debt obligations (CDOs), which are counted toward the 80% investment requirement.The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended.The Fund may purchase municipal securities. The Fund’s investments may also include securities that do not produce immediate cash income, such as zero coupon securities and pay-in-kind securities.The Fund may purchase and sell securities on a when-issued and delayed delivery basis, which means that the Fund buys or sells a security with payment and delivery taking place in the future. The Fund may also engage in “to be announced” (TBA) transactions, which are transactions in which a fund buys or sells mortgage-backed securities on a forward commitment basis. The Fund may engage in short sales of TBA mortgages, including short sales on TBA mortgages the Fund does not own.The Fund can invest in derivative instruments including swap contracts, options, futures contracts and forward foreign currency contracts.The Fund can use swap contracts, including interest rate swaps, to hedge or adjust its exposure to interest rates. The Fund can also use swap contracts, including credit default swaps, to create long or short exposure to corporate or sovereign debt securities. The Fund can further use swap contracts, including: credit default index swaps, to hedge credit risk or take a position on a basket of credit entities; total return swaps, to gain exposure to a reference asset; and volatility swaps to adjust the volatility profile of the Fund.The Fund can use options, including currency options, to seek alpha (return on investments in excess of the benchmark index) or to mitigate risk and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund can also use credit default swap options to gain the right to enter into a credit default swap at a specified future date. The Fund can further use swaptions (options on swaps) to manage interest rate risk; and options on bond or rate futures to manage interest rate exposure.The Fund can use futures contracts, including interest rate futures, to increase or reduce its exposure to interest rate changes. The Fund can also use currency futures to increase or decrease its exposure to foreign currencies.The Fund can engage in foreign currency transactions either on a spot basis (i.e., for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time) or through forward foreign currency contracts to gain or mitigate the risk of foreign currency exposure.The Fund may invest up to 15% of its net assets in equity interests and/or debt obligations issued by Real Estate Investment Trusts (REITs).The Fund utilizes active duration (i.e., making investments to reduce or increase the sensitivity of the Fund’s portfolio to interest rate changes) and yield curve positioning (i.e., making investments that allow the Fund to benefit from varying interest rates) for risk management and for generating alpha (return on investments in excess of the benchmark index). Duration is a measure of volatility expressed in years and represents the anticipated percent change in a bond’s price at a single point in time for a 1% change in yield. As duration increases, volatility increases as applicable interest rates change.The portfolio managers utilize the benchmark index as a reference in structuring the portfolio. The portfolio managers decide on appropriate risk factors such as sector and issuer weightings and duration relative to the benchmark index. The portfolio managers then determine appropriate position sizes to reflect desired risk positioning. In doing so, the portfolio managers consider recommendations from a globally interconnected team of specialist decision makers in positioning the Fund to generate alpha.The portfolio managers generally rely upon a team of market-specific specialists for trade execution and for assistance in determining efficient ways (in terms of cost-efficiency and security selection) to implement those recommendations. Although a variety of specialists provide input in the management of the Fund, the portfolio managers retain responsibility for ensuring the Fund is positioned appropriately in terms of risk exposures and position sizes.Specialists employ a bottom-up approach to recommend larger or smaller exposure to specific risk factors. In general, specialists will look for attractive risk-reward opportunities and securities that best enable the Fund to pursue those opportunities. The portfolio managers consider the recommendations of these market-specific specialists in adjusting the Fund’s risk exposures and security selection on a real-time basis using proprietary communication technology.Decisions to purchase or sell securities are determined by the relative value considerations of the portfolio managers that factor in economic and credit-related fundamentals, market supply and demand, market dislocations and situation-specific opportunities. The purchase or sale of securities may be related to a decision to alter the Fund’s macro risk exposure (such as duration, yield curve positioning and sector exposure), a need to limit or reduce the Fund’s exposure to a particular security or issuer, degradation of an issuer’s credit quality, or general liquidity needs of the Fund. The credit research process utilized by the Fund to implement its investment strategy in pursuit of its investment objective considers factors that include, but are not limited to, an issuer’s operations, capital structure and environmental, social and governance (“ESG”) considerations. Credit quality analysis therefore may consider whether any ESG factors pose a material financial risk or opportunity to an issuer.The Fund will attempt to maintain (i) a dollar-weighted average portfolio maturity of between three and 10 years; and (ii) a duration (the Fund’s price sensitivity to changes in interest rates) of within +/- two years of the benchmark index. The foregoing maturity and duration targets are not guaranteed and the Adviser may deviate from such targets in its discretion.In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund engages in active and frequent trading of portfolio securities.
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CPBYX - Performance

Return Ranking - Trailing

Period CPBYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -50.1% 8.3% 8.86%
1 Yr -12.1% -29.7% 144.9% 70.31%
3 Yr -5.5%* -13.0% 105.4% 76.86%
5 Yr -2.6%* -9.6% 55.6% 77.17%
10 Yr -1.4%* -7.1% 12.7% 45.64%

* Annualized

Return Ranking - Calendar

Period CPBYX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.5% -75.2% 1360.6% 80.89%
2021 -1.7% -14.5% 1027.9% 52.54%
2020 1.2% -9.6% 118.7% 58.65%
2019 1.8% -11.4% 5.8% 7.76%
2018 -1.2% -49.5% 12.4% 95.62%

Total Return Ranking - Trailing

Period CPBYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -50.1% 8.3% 8.86%
1 Yr -12.1% -29.7% 144.9% 70.31%
3 Yr -5.5%* -13.0% 105.4% 76.86%
5 Yr -2.6%* -9.6% 55.6% 79.87%
10 Yr -1.4%* -7.1% 13.4% 65.66%

* Annualized

Total Return Ranking - Calendar

Period CPBYX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.5% -75.2% 131.9% 80.89%
2021 -1.7% -14.5% 1027.9% 52.44%
2020 1.2% -9.6% 118.7% 58.65%
2019 1.8% -11.4% 5.8% 7.97%
2018 -1.2% -7.0% 12.4% 96.40%

NAV & Total Return History


CPBYX - Holdings

Concentration Analysis

CPBYX Category Low Category High CPBYX % Rank
Net Assets 5.03 B 1.19 M 287 B 22.69%
Number of Holdings 1186 1 17234 29.45%
Net Assets in Top 10 1.11 B -106 M 27.6 B 22.67%
Weighting of Top 10 21.86% 3.7% 100.0% 61.38%

Top 10 Holdings

  1. United States Treasury Notes 0.62% 5.58%
  2. United States Treasury Notes 0.88% 5.08%
  3. United States Treasury Notes 0.75% 4.57%
  4. Federal National Mortgage Association 2.5% 4.56%
  5. Federal National Mortgage Association 2.5% 4.53%
  6. United States Treasury Notes 0.38% 4.52%
  7. Federal National Mortgage Association 2.5% 4.51%
  8. Federal National Mortgage Association 2.5% 4.46%
  9. Federal National Mortgage Association 2.5% 4.44%
  10. Federal National Mortgage Association 2.5% 4.42%

Asset Allocation

Weighting Return Low Return High CPBYX % Rank
Bonds
105.77% 3.97% 268.18% 9.81%
Convertible Bonds
2.08% 0.00% 10.39% 27.19%
Preferred Stocks
0.76% 0.00% 77.13% 7.50%
Stocks
0.01% -0.98% 24.74% 29.61%
Other
0.00% -13.23% 23.06% 84.46%
Cash
-8.63% -181.13% 95.99% 90.61%

Stock Sector Breakdown

Weighting Return Low Return High CPBYX % Rank
Technology
24.48% 0.00% 48.30% 7.73%
Healthcare
14.15% 0.00% 17.70% 3.87%
Financial Services
13.07% 0.00% 100.00% 29.28%
Consumer Cyclical
11.66% 0.00% 100.00% 12.71%
Communication Services
8.58% 0.00% 100.00% 14.36%
Industrials
8.24% 0.00% 48.31% 18.23%
Consumer Defense
7.24% 0.00% 99.67% 7.73%
Energy
4.33% 0.00% 100.00% 42.54%
Real Estate
2.91% 0.00% 99.26% 18.78%
Utilities
2.83% 0.00% 100.00% 23.76%
Basic Materials
2.50% 0.00% 100.00% 18.78%

Stock Geographic Breakdown

Weighting Return Low Return High CPBYX % Rank
US
0.01% -0.94% 24.47% 26.47%
Non US
0.00% -0.04% 4.86% 92.77%

Bond Sector Breakdown

Weighting Return Low Return High CPBYX % Rank
Corporate
44.09% 0.00% 100.00% 16.98%
Securitized
38.88% 0.00% 98.79% 25.38%
Government
12.02% 0.00% 86.23% 80.58%
Cash & Equivalents
3.46% 0.00% 95.99% 60.07%
Derivative
1.25% 0.00% 25.16% 15.09%
Municipal
0.30% 0.00% 100.00% 55.83%

Bond Geographic Breakdown

Weighting Return Low Return High CPBYX % Rank
US
88.17% 3.63% 210.09% 45.53%
Non US
17.60% -6.54% 58.09% 9.49%

CPBYX - Expenses

Operational Fees

CPBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 2.93% 60.11%
Management Fee 0.39% 0.00% 1.76% 61.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

CPBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CPBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

CPBYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 76.28%

CPBYX - Distributions

Dividend Yield Analysis

CPBYX Category Low Category High CPBYX % Rank
Dividend Yield 7.65% 0.00% 27.64% 16.46%

Dividend Distribution Analysis

CPBYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CPBYX Category Low Category High CPBYX % Rank
Net Income Ratio 1.95% -1.28% 8.97% 33.62%

Capital Gain Distribution Analysis

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

Distributions History

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CPBYX - Fund Manager Analysis

Managers

Charles Burge


Start Date

Tenure

Tenure Rank

Jun 03, 2009

13.0

13.0%

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.

Michael Hyman


Start Date

Tenure

Tenure Rank

Jun 28, 2013

8.93

8.9%

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


Start Date

Tenure

Tenure Rank

Apr 30, 2015

7.09

7.1%

Matt Brill is Head of North America Investment Grade for Invesco Fixed Income. Mr. Brill joined Invesco in 2013 as a senior portfolio manager. Prior to joining the firm, he was a portfolio manager and vice president at ING Investment Management, where he specialized in investment-grade credit and commercial mortgage-backed securities. Before that, he was a portfolio analyst at Wells Real Estate Funds. Mr. Brill has been in the industry since 2002. Mr. Brill earned a BA degree in economics at Washington and Lee University. He is a Chartered Financial Analyst® (CFA) charterholder

Todd Schomberg


Start Date

Tenure

Tenure Rank

Oct 15, 2020

1.62

1.6%

Todd Schomberg has been associated with Invesco and/or its affiliates since 2016. From 2008 to 2016, he served as a Portfolio Manager and Vice President at Voya Investment Management

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16