Invesco Income Fund (AGOVX)
The investment seeks current income, and secondarily, capital appreciation. The fund invests primarily in fixed-income securities and in derivatives and other instruments that have economic characteristics similar to such securities. A significant portion of these securities consists of privately-issued mortgage-backed and asset-backed securities such as commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), and collateralized loan obligations (CLOs). The fund invests in below-investment grade securities.
Fund Info
US00142C8477
00142C847
Apr 27, 1987
$1,000
Expense Ratio
AGOVX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Income 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 Income Fund had a return of 6.91% year-to-date (YTD) and 8.08% in the last 12 months. Over the past 10 years, Invesco Income Fund had an annualized return of 0.86%, while the S&P 500 had an annualized return of 11.01%, indicating that Invesco Income Fund did not perform as well as the benchmark.
AGOVX
6.91%
0.58%
3.83%
8.08%
-0.24%
0.86%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of AGOVX, 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 | 1.53% | -0.52% | 1.23% | -0.80% | 0.93% | 0.77% | 1.50% | 0.91% | 0.74% | -0.28% | 0.87% | 6.91% | |
| 2023 | 4.08% | -1.13% | -0.13% | 0.30% | -0.40% | -0.40% | 0.18% | 0.18% | -1.44% | -0.72% | 2.20% | 2.91% | 5.60% |
| 2022 | -0.40% | -1.29% | -1.44% | -0.94% | -1.49% | -1.92% | -0.02% | 1.10% | -3.19% | -1.86% | 1.49% | -0.50% | -10.06% |
| 2021 | 1.68% | 0.52% | 0.39% | 0.64% | 0.36% | 0.24% | 0.36% | 0.11% | 0.11% | -0.14% | -0.39% | -0.01% | 3.90% |
| 2020 | 1.14% | -1.14% | -24.87% | 3.39% | 3.60% | 6.10% | 2.47% | 1.81% | 0.32% | 0.19% | 2.67% | 1.57% | -6.65% |
| 2019 | 2.13% | 0.91% | 0.79% | 1.14% | -0.15% | 1.60% | 0.55% | 1.04% | 0.46% | 0.34% | 0.23% | 0.58% | 10.04% |
| 2018 | -0.99% | -0.54% | 0.61% | -0.65% | 0.52% | 0.06% | -0.29% | 0.64% | -0.05% | -1.00% | -0.23% | -0.93% | -2.83% |
| 2017 | 0.17% | 0.28% | -0.06% | 0.50% | 0.40% | -0.06% | 0.06% | 0.83% | -0.64% | -0.08% | -0.08% | 0.38% | 1.70% |
| 2016 | 1.50% | 0.48% | 0.48% | -0.08% | -0.08% | 1.81% | 0.36% | -0.40% | 0.27% | -0.82% | -1.93% | -0.16% | 1.39% |
| 2015 | 2.25% | -1.42% | 0.55% | -0.33% | -0.22% | -0.89% | 0.67% | -0.08% | 0.59% | -0.30% | -0.41% | -0.19% | 0.18% |
| 2014 | 1.10% | 0.18% | -0.39% | 0.51% | 0.73% | 0.06% | -0.18% | 0.83% | -0.40% | 0.72% | 0.60% | 0.04% | 3.85% |
| 2013 | -0.67% | 0.40% | -0.03% | 0.62% | -1.65% | -1.13% | -0.03% | -0.59% | 0.76% | 0.41% | -0.26% | -0.71% | -2.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, AGOVX is among the top 15% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Income Fund (AGOVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Income Fund provided a 5.65% dividend yield over the last twelve months, with an annual payout of $0.39 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 | $0.39 | $0.38 | $0.24 | $0.24 | $0.32 | $0.41 | $0.23 | $0.17 | $0.17 | $0.14 | $0.18 | $0.21 |
Dividend yield | 5.65% | 5.55% | 3.48% | 2.99% | 4.14% | 4.68% | 2.80% | 1.92% | 1.87% | 1.54% | 1.97% | 2.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Income 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 | $0.36 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $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 | $0.24 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.32 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.05 | $0.23 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
| 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 | $0.21 |
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 Income 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 Income Fund was 33.41%, occurring on Mar 25, 2020. The portfolio has not yet recovered.
The current Invesco Income Fund drawdown is 2.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.41% | Feb 21, 2020 | 24 | Mar 25, 2020 | — | — | — |
| -14.31% | Sep 9, 1992 | 586 | Jan 3, 1995 | 746 | Dec 12, 1997 | 1332 |
| -5.36% | Jul 11, 2016 | 619 | Dec 21, 2018 | 87 | Apr 30, 2019 | 706 |
| -5.24% | Feb 11, 1988 | 283 | Mar 23, 1989 | 627 | Sep 16, 1991 | 910 |
| -4.54% | Jun 16, 2003 | 52 | Aug 27, 2003 | 131 | Mar 5, 2004 | 183 |
Volatility
Volatility Chart
The current Invesco Income Fund volatility is 0.77%, 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.