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
US0014218582
001421858
Sep 23, 1971
$1,000
Expense Ratio
ACCBX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Invesco Corporate Bond Fund had a return of 2.70% year-to-date (YTD) and 2.80% in the last 12 months. Over the past 10 years, Invesco Corporate Bond Fund had an annualized return of 2.20%, while the S&P 500 had an annualized return of 11.14%, indicating that Invesco Corporate Bond Fund did not perform as well as the benchmark.
ACCBX
2.70%
-1.50%
2.25%
2.80%
-0.38%
2.20%
^GSPC (Benchmark)
25.18%
-0.47%
9.35%
24.83%
13.03%
11.14%
Monthly Returns
The table below presents the monthly returns of ACCBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.10% | -1.18% | 1.40% | -2.47% | 1.92% | 0.75% | 2.37% | 1.69% | 1.67% | -2.23% | 1.22% | 2.70% | |
| 2023 | 4.80% | -2.77% | 0.70% | 0.70% | -1.56% | 0.71% | 0.70% | -0.93% | -2.56% | -2.14% | 6.21% | 4.23% | 7.88% |
| 2022 | -3.18% | -2.47% | -2.27% | -5.34% | 0.27% | -3.97% | 3.49% | -2.46% | -5.52% | -1.16% | 5.00% | 0.05% | -16.69% |
| 2021 | -0.78% | -0.78% | -1.18% | 1.14% | 0.62% | 1.51% | 1.24% | -0.15% | -0.91% | -0.15% | -0.41% | -1.83% | -1.71% |
| 2020 | 2.65% | 0.65% | -9.09% | 4.82% | 2.32% | 2.80% | 3.64% | -0.86% | -0.24% | -0.01% | 3.81% | -1.74% | 8.26% |
| 2019 | 3.01% | 0.79% | 2.21% | 0.91% | 0.89% | 2.27% | 0.87% | 2.98% | -0.38% | 0.54% | 0.42% | 0.28% | 15.77% |
| 2018 | -0.51% | -1.59% | 0.04% | -0.79% | -0.10% | -0.38% | 0.91% | 0.48% | -0.08% | -1.65% | -0.80% | 0.22% | -4.19% |
| 2017 | 0.72% | 1.55% | -0.24% | 1.27% | 1.12% | 0.57% | 0.84% | 0.57% | -0.11% | 0.43% | -0.24% | 0.03% | 6.67% |
| 2016 | 0.18% | 0.32% | 3.22% | 2.00% | 0.03% | 1.98% | 1.94% | 0.57% | 0.03% | -0.65% | -2.69% | 1.01% | 8.10% |
| 2015 | 2.67% | -0.48% | 0.33% | -0.38% | -0.52% | -1.90% | 0.59% | -1.37% | 0.03% | 1.17% | -0.54% | -1.11% | -1.58% |
| 2014 | 1.91% | 1.60% | 0.19% | 1.31% | 1.43% | 0.46% | -0.22% | 1.56% | -1.70% | 0.88% | 0.60% | -0.22% | 8.05% |
| 2013 | -0.51% | 0.74% | 0.18% | 1.83% | -2.13% | -3.02% | 0.91% | -1.24% | 1.35% | 2.06% | -0.10% | 0.04% | -0.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ACCBX is 32, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Corporate Bond Fund (ACCBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Corporate Bond Fund provided a 4.64% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.24 | $0.22 | $0.25 | $0.28 | $0.28 | $0.26 | $0.26 | $0.27 | $0.29 | $0.28 |
Dividend yield | 4.64% | 4.53% | 3.88% | 2.84% | 3.08% | 3.66% | 4.16% | 3.57% | 3.67% | 3.91% | 3.96% | 3.94% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.29 |
| 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 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2020 | $0.02 | $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 | $0.28 |
| 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 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 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 | $0.26 |
| 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 | $0.27 |
| 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 | $0.29 |
| 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 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 28.65%, occurring on Sep 30, 1981. Recovery took 1148 trading sessions.
The current Invesco Corporate Bond Fund drawdown is 11.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.65% | Jun 23, 1980 | 323 | Sep 30, 1981 | 1148 | Apr 16, 1986 | 1471 |
| -25.13% | Dec 4, 2020 | 474 | Oct 21, 2022 | — | — | — |
| -18.61% | Jan 24, 2008 | 195 | Oct 29, 2008 | 187 | Jul 29, 2009 | 382 |
| -18.11% | Apr 23, 1986 | 1133 | Oct 11, 1990 | 1718 | Jul 29, 1997 | 2851 |
| -16.6% | Mar 9, 2020 | 9 | Mar 19, 2020 | 75 | Jul 7, 2020 | 84 |
Volatility
Volatility Chart
The current Invesco Corporate Bond Fund volatility is 1.62%, 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.