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Invesco Corporate Bond Fund (ACCBX)

Mutual Fund · Currency in USD · Last updated Nov 23, 2023

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.

Summary

Fund Info

ISINUS0014218582
CUSIP001421858
IssuerInvesco
Inception DateSep 23, 1971
CategoryCorporate Bonds
Minimum Investment$1,000
Asset ClassBond

Expense Ratio

The Invesco Corporate Bond Fund has a high expense ratio of 0.72%, indicating higher-than-average management fees.


0.72%
0.00%2.15%

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.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
1.73%
9.76%
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ACCBX

Invesco Corporate Bond Fund

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.


PeriodReturnBenchmark
Year-To-Date2.09%18.68%
1 month4.98%8.05%
6 months1.57%10.73%
1 year3.19%13.81%
5 years (annualized)1.99%11.63%
10 years (annualized)2.73%9.72%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.70%-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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ACCBX
Invesco Corporate Bond Fund
0.49
^GSPC
S&P 500
1.07

Sharpe Ratio

The current Invesco Corporate Bond Fund Sharpe ratio is 0.49. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JuneJulyAugustSeptemberOctoberNovember
0.49
1.07
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-20.00%-15.00%-10.00%-5.00%JuneJulyAugustSeptemberOctoberNovember
-16.48%
-5.00%
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

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, 2021279Oct 21, 2022
-20.3%May 29, 19862203Nov 7, 1994824Jan 2, 19983027
-18.61%Jan 24, 2008194Oct 29, 2008187Jul 29, 2009381
-16.6%Mar 9, 20209Mar 19, 202075Jul 7, 202084
-6.81%May 3, 201377Aug 21, 2013128Feb 25, 2014205

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.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.59%
3.78%
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

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