Invesco Unconstrained Bond Fund

Prospectus Fund Facts document

NAV

as of 2025-04-29

$3.779

NAV change $

as of 2025-04-29

+$0.005

NAV change %

as of 2025-04-29

+0.13%

Total assets

as of 2025-02-28

$42,249,874.19

Overview

Why invest

  • An actively managed, unconstrained bond strategy that seeks to deliver total return and income generation while serving as a complement to equities and traditional bonds in a portfolio.
  • Taking an active approach to capture unique sources of alpha by diversifying outside of a core bond strategy by building a portfolio from the bottoms up with key themes and individual security selection. 
  • Oscillating risk across classes including High Yield, Bank Loans, Floating Rate Notes, Mortgages, and Investment grade credit provides multiple sources of alpha in various market environments.

Fund details

Fund category
Global Corporate Fixed Income
MER (as of December 31, 2024)
1.45%
Inception date
December 5, 1994
Number of holdings (as of March 31, 2025)
148
Risk classification
Low to Medium
Yield to maturity
6.47%
Modified duration (years)
5.30
Average term (years)
10.44

Fund code

Prefix: AIM

Load Fund code
LL 1645
SC 1643
DSC 1641
LL4 1649

Performance

Performance

as of March 31, 2025
 
NAV as of Mar. 31, 2025 -0.13% -1.18% -0.13% -1.35% 2.93% 0.96% 2.32% 1.62% 4.39%

Calendar performance

  2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
NAV 3.90% 8.05% -13.51% -0.03% 3.65% 11.87% -2.19% 2.48% 5.92% 0.96%

Growth of $10,000 invested at start date

as of Mar. 31, 2025

Historical prices

Date Net asset value ($)
1- of

Historical prices

Date Net asset value ($)

Portfolio

Geographic allocation

as of March 31, 2025

Top holdings

as of March 31, 2025

Number of holdings: 148

% of net assets
Invesco Floating Rate Income Fund, Series I Global -Fixed-income mutual funds 17.59%
Cash and cash equivalents -Cash, cash equivalents and money market funds 10.80%
SPDR Bloomberg Short Term High Yield Bond ETF United States -Fixed-income exchange-traded funds (ETFs) 4.10%
U.S. Treasury notes/bonds, 3.88%, due 3/15/28 United States -Foreign government bonds 4.04%
Uniform Mortgage-Backed Securities, 3.00%, due 4/1/55 United States -Mortgage-backed securities 3.03%
Uniform Mortgage-Backed Securities, 5.00%, due 4/1/55 United States -Mortgage-backed securities 3.02%
U.S. Treasury notes/bonds, 4.00%, due 3/31/30 United States -Foreign government bonds 2.04%
Pershing Square Holdings, Ltd., 3.25%, due 11/15/30 Guernsey -Foreign corporate bonds 1.56%
U.S. Treasury notes/bonds, 4.50%, due 11/15/54 United States -Foreign government bonds 1.34%
Bell Canada, floating rate, due 3/27/55 Canada -Canadian corporate bonds 1.30%
Total top holdings 48.82%

Currency exposure

as of April 30, 2025

Currencies Exposure to this currency (before hedges) as a % of net assets % of this currency exposure hedged Total currency exposure of the fund (after hedges) (%)
Canadian dollar 27.50% 0.00% 27.50%
Chilean peso 27.50% 0.00% 27.50%
Danish krone 27.50% 0.00% 27.50%
Euro 27.50% 0.00% 27.50%
Hong Kong dollar 27.50% 0.00% 27.50%
U.S. dollar 27.50% 0.00% 27.50%

Distributions

Estimated Distributions

The 'Total Distributions' column represents the sum of the estimated total income and/or return of capital and capital gains as of the distribution date. The breakdown of income, capital gains, and any return of capital reflected in the estimated distribution amounts above may be reallocated and updated at year-end. The final year-end breakdown will be posted here in January following each year.

Distribution schedule

Distribution frequency
Capital Gain, if any Annually
Income, if any Monthly

Team

Chief Investment Officer, Global Investment Grade and Emerging Markets Portfolio Management, Invesco Fixed Income

Michael Hyman

BSc, MBA

Fixed income

Senior Portfolio Manager, Invesco Fixed Income

Todd Schomberg

CFA

Fixed income

Head of North America Investment Grade

Matthew Brill

CFA

Fixed income

Documents

Disclaimer

Invesco Canada Ltd. waived some of the Fund's expenses. If it had not done so, the MER would have been higher.

Effective November 5, 2024, the investment strategy for this Fund was changed. On July 30, 2021, the Fund's investment strategies were changed and on July 27, 2018, the Fund's investment objectives and strategies were changed. The performance of this Fund for the period prior to these dates would have been different had the current investment objectives and strategies been in place during that period.

Effective November 5, 2024, Invesco Unconstrained Bond Fund changed its investment strategies, effective July 27, 2018, the Fund's investment objectives and strategies were changed. The performance of this Fund for the period prior to these dates would have been different had the current investment objectives and strategies been in place during that period. On November 5, 2024, Invesco Active Multi-Sector Credit Fund changed its name to Invesco Unconstrained Bond Fund.

Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. For mutual funds the indicated rates of return are the historical annual compounded total returns, including changes in share/unit value and reinvestment of all distributions, and do not take into account sales, redemption, distribution or optional charges, or income taxes payable by any investor, which would have reduced returns. For ETFs unless otherwise indicated, rates of return for periods greater than one year are historical annual compound total returns including changes in unit value and reinvestment of all distributions, and do not take into account any brokerage commissions or income taxes payable by any unitholder that would have reduced returns. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from your advisor or from Invesco Canada Ltd. 

Mutual funds unlike GICs are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Their values change frequently and past performance may not be repeated. In the case of a money market fund there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

Short-term investments, cash and other net assets may include unsettled shareholder/portfolio trading activity and the fair value of forward foreign-currency contracts, which at times can be negative.

Series F, FDCA, FH, F4, F6 and F8 shares or units are available to investors who have fee-based accounts with their dealer or have access to a discount brokerage platform through their dealer. Sales charges and trailing commissions are not payable for Series F, FDCA, FH, F4, F6 and F8 shares or units; however, investors holding such series in fee-based accounts pay fees to their dealer for investment advice and other services. The performance and quartile rankings of various series may differ due to fees and expenses.