Invesco Corporate Bond Fund (ACCBX)
The investment seeks current income with preservation of capital; capital appreciation is a secondary objective. 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.
Fund Info
| ISIN | US0014218582 |
|---|---|
| CUSIP | 001421858 |
| Issuer | Invesco |
| Inception Date | Sep 23, 1971 |
| Category | Corporate Bonds |
| Minimum Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Invesco Corporate Bond Fund has a high expense ratio of 0.72%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Invesco Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Invesco Corporate Bond Fund had a return of 2.09% year-to-date (YTD) and 3.19% in the last 12 months. Over the past 10 years, Invesco Corporate Bond Fund had an annualized return of 2.73%, while the S&P 500 had an annualized return of 9.72%, indicating that Invesco Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.09% | 18.68% |
| 1 month | 4.98% | 8.05% |
| 6 months | 1.57% | 10.73% |
| 1 year | 3.19% | 13.81% |
| 5 years (annualized) | 1.99% | 11.63% |
| 10 years (annualized) | 2.73% | 9.72% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.70% | -1.55% | 0.72% | 0.71% | -0.92% | -2.56% | -2.13% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Invesco Corporate Bond Fund (ACCBX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ACCBX Invesco Corporate Bond Fund | 0.49 | ||||
^GSPC S&P 500 | 1.07 |
Dividend History
Invesco Corporate Bond Fund granted a 4.68% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.23 | $0.37 | $0.48 | $0.28 | $0.28 | $0.31 | $0.26 | $0.27 | $0.29 | $0.28 | $0.30 |
Dividend yield | 4.68% | 3.83% | 4.90% | 5.98% | 3.65% | 4.18% | 4.13% | 3.67% | 3.91% | 3.96% | 3.94% | 4.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | ||
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2012 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Corporate Bond 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 Corporate Bond Fund was 23.59%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.59% | Sep 15, 2021 | 279 | Oct 21, 2022 | — | — | — |
| -20.3% | May 29, 1986 | 2203 | Nov 7, 1994 | 824 | Jan 2, 1998 | 3027 |
| -18.61% | Jan 24, 2008 | 194 | Oct 29, 2008 | 187 | Jul 29, 2009 | 381 |
| -16.6% | Mar 9, 2020 | 9 | Mar 19, 2020 | 75 | Jul 7, 2020 | 84 |
| -6.81% | May 3, 2013 | 77 | Aug 21, 2013 | 128 | Feb 25, 2014 | 205 |
Volatility Chart
The current Invesco Corporate Bond Fund volatility is 2.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.