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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Invesco Corporate Bond Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $28,522 for a total return of roughly 185.22%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Invesco Corporate Bond Fund had a return of 0.91% year-to-date (YTD) and -8.71% in the last 12 months. Over the past 10 years, Invesco Corporate Bond Fund had an annualized return of 2.55%, while the S&P 500 had an annualized return of 9.86%, indicating that Invesco Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -1.39% | -3.13% |
| Year-To-Date | 0.91% | 2.92% |
| 6 months | 1.06% | 2.02% |
| 1 year | -8.71% | -11.46% |
| 5 years (annualized) | 1.40% | 7.79% |
| 10 years (annualized) | 2.55% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.79% | -2.77% | ||||||||||
| 2022 | -5.52% | -1.16% | 5.00% | 0.04% |
Dividend History
Invesco Corporate Bond Fund granted a 4.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.23 | $0.37 | $0.48 | $0.28 | $0.28 | $0.31 | $0.26 | $0.27 | $0.29 | $0.28 | $0.30 |
Dividend yield | 4.87% | 3.86% | 5.12% | 6.55% | 4.26% | 5.06% | 5.20% | 4.82% | 5.33% | 5.60% | 5.79% | 6.26% |
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 | ||||||||||
| 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 shows the maximum drawdowns of the Invesco Corporate Bond Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Invesco Corporate Bond Fund is 23.59%, recorded on Oct 21, 2022. The portfolio has not recovered from it yet.
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 |
| -6.79% | Feb 1, 1999 | 336 | May 18, 2000 | 73 | Sep 1, 2000 | 409 |
| -5.99% | Apr 20, 2015 | 209 | Feb 16, 2016 | 50 | Apr 27, 2016 | 259 |
| -5.49% | Jun 16, 2003 | 41 | Aug 13, 2003 | 80 | Dec 5, 2003 | 121 |
| -5.08% | Jan 2, 2018 | 249 | Dec 27, 2018 | 53 | Mar 15, 2019 | 302 |
| -5.05% | Jan 16, 2002 | 133 | Jul 29, 2002 | 101 | Dec 19, 2002 | 234 |
Volatility Chart
Current Invesco Corporate Bond Fund volatility is 6.95%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.