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Invesco Corporate Bond Fund (ACCBX)

Mutual Fund · Currency in USD · Last updated Mar 21, 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.

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.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
3.89%
7.43%
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Invesco Corporate Bond Fund

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.


PeriodReturnBenchmark
1 month-1.39%-3.13%
Year-To-Date0.91%2.92%
6 months1.06%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


JanFebMarAprMayJunJulAugSepOctNovDec
20234.79%-2.77%
2022-5.52%-1.16%5.00%0.04%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Invesco Corporate Bond Fund Sharpe ratio is -0.99. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-3.00-2.50-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.99
-0.45
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-26.00%-24.00%-22.00%-20.00%-18.00%-16.00%-14.00%-12.00%NovemberDecember2023FebruaryMarch
-17.45%
-17.62%
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)

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, 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
-6.79%Feb 1, 1999336May 18, 200073Sep 1, 2000409
-5.99%Apr 20, 2015209Feb 16, 201650Apr 27, 2016259
-5.49%Jun 16, 200341Aug 13, 200380Dec 5, 2003121
-5.08%Jan 2, 2018249Dec 27, 201853Mar 15, 2019302
-5.05%Jan 16, 2002133Jul 29, 2002101Dec 19, 2002234

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.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
6.95%
20.82%
ACCBX (Invesco Corporate Bond Fund)
Benchmark (^GSPC)