Invesco High Yield Fund (AMHYX)

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Invesco High Yield Fund (AMHYX) is up 1.9% since the beginning of the year. AMHYX is currently trading at $4 per share. Investors who bought $1,000 worth of AMHYX shares 5 years ago would now be looking at an investment worth $1,172.

Invesco High Yield Fund (AMHYX) has returned 1.86% so far this year and 7.60% over the past 12 months. Over the last ten years, AMHYX has returned 4.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 2, 1986, AMHYX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 65% of months were positive and 35% were negative. The best month was Dec 1999 with a return of +25.5%, while the worst month was Oct 2008 at -17.3%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 8 months.

On a daily basis, AMHYX closed higher 34% of trading days. The best single day was Dec 15, 1999 with a return of +23.6%, while the worst single day was Mar 9, 2020 at -4.3%.

Invesco High Yield Fund has an annualized alpha of 4.23%, beta of 0.08, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since January 03, 1986.

• This fund participated in 38.99% of S&P 500 Index downside but only 36.31% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

AMHYX has a high expense ratio of 1.03%, indicating above-average management fees.

AMHYX ranks 69 for risk / return — better than 69% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Invesco High Yield Fund (AMHYX) and compare them to S&P 500 Index.

Invesco High Yield Fund provided a 6.48% dividend yield over the last twelve months, with an annual payout of $0.23 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Invesco High Yield 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 High Yield Fund was 40.33%, occurring on Oct 10, 2002. Recovery took 980 trading sessions.

The chart below shows the rolling one-month volatility.