Invesco International Bond Fund (OIBAX)

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Invesco International Bond Fund (OIBAX) is down 2.8% since the beginning of the year. OIBAX is currently trading at $5 per share. Investors who bought $1,000 worth of OIBAX shares 5 years ago would now be looking at an investment worth $1,032.

Invesco International Bond Fund (OIBAX) has returned -2.80% so far this year and 3.67% over the past 12 months. Over the last ten years, OIBAX has returned 1.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jun 15, 1995, OIBAX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Dec 2008 with a return of +7.2%, while the worst month was Mar 2020 at -14.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, OIBAX closed higher 41% of trading days. The best single day was Mar 25, 2020 with a return of +4.0%, while the worst single day was Mar 12, 2020 at -5.4%.

Invesco International Bond Fund has an annualized alpha of 4.70%, beta of 0.09, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since June 15, 1995.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (31.66%) than losses (27.24%) - typical of diversified or defensive assets.
• Beta of 0.09 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.

OIBAX has a high expense ratio of 1.16%, indicating above-average management fees.

OIBAX ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Invesco International Bond Fund provided a 2.74% dividend yield over the last twelve months, with an annual payout of $0.13 per share.

The table displays the monthly dividend distributions for Invesco International Bond 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 International 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 International Bond Fund was 32.33%, occurring on Oct 14, 2022. The portfolio has not yet recovered.

The current Invesco International Bond Fund drawdown is 5.40%.

The chart below shows the rolling one-month volatility.