Mutual Funds

Invesco U.S. Government Fund

Fixed Income | US Fixed Income

Objective & Strategy

The fund seeks to achieve total return, comprised of current income and capital appreciation by investing in U.S. government securities.

as of 07/31/2015

Morningstar Rating

Overall Rating - Intermediate Government Category

As of 07/31/2015 the Fund had an overall rating of 2 stars out of 303 funds and was rated 1 stars out of 303 funds, 1 stars out of 270 funds and 2 stars out of 221 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effect of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. ©2015 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. A fund is eligible for a Morningstar Rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 07/31/2015

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
FNMA TBA 3.5 08/01/2045 3.500 08/01/2045 3.79
U.S. TREASURY NOTES 1.625 07/31/2019 2.53
U.S. TREASURY NOTES 0.875 01/31/2018 2.51
LHIPO 2010 1GA A 3.174 09/08/2039 2.21
U.S. TREASURY NOTES 0.750 12/31/2017 2.12
U.S. TREASURY BONDS 3.375 05/15/2044 1.84
TENN VALLEY AUTH 4.875 12/15/2016 1.70
U.S. TREASURY NOTES 0.625 08/31/2017 1.64
U.S. TREASURY NOTES 1.625 06/30/2019 1.58
U.S. TREASURY NOTES 0.625 05/31/2017 1.54

Holdings are subject to change and are not buy/sell recommendations.

as of 07/31/2015 06/30/2015

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 04/28/1987 N/A 5.42 0.57 2.38 0.37 2.05 3.70
Load 04/28/1987 4.25 5.26 -3.72 -2.03 -1.08 1.18 3.26
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

as of 07/31/2015 06/30/2015

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Barclays US Govt Bd Tr 0.80 -0.21 3.26 0.88 2.66 4.20
Barclays US Aggregate TR 0.70 -0.64 2.82 1.60 3.27 4.61
Barclays US Govt Bd Tr -0.85 -1.50 2.27 0.93 2.63 3.99
Barclays US Aggregate TR -1.09 -1.68 1.86 1.83 3.35 4.44

Source: FactSet Research Systems Inc.

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.41
12b-1 Fee 0.25
Other Expenses 0.30
Interest/Dividend Exp 0.00
Total Other Expenses 0.30
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 0.96
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 0.96
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 0.96
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
08/31/2015 0.0132 N/A N/A 8.95
07/31/2015 0.0098 N/A N/A 8.97
06/30/2015 0.0098 N/A N/A 8.92
05/31/2015 0.0098 N/A N/A 9.01
04/30/2015 0.0098 N/A N/A 9.04
03/31/2015 0.0098 N/A N/A 9.08
02/28/2015 0.0098 N/A N/A 9.04
01/31/2015 0.0123 N/A N/A 9.18
12/31/2014 0.0140 N/A N/A 8.99
11/30/2014 0.0140 N/A N/A 9.00
10/31/2014 0.0140 N/A N/A 8.96
09/30/2014 0.0140 N/A N/A 8.91
08/31/2014 0.0140 N/A N/A 8.96
07/31/2014 0.0140 N/A N/A 8.90
06/30/2014 0.0150 N/A N/A 8.93
05/31/2014 0.0150 N/A N/A 8.94
04/30/2014 0.0150 N/A N/A 8.89
03/31/2014 0.0150 N/A N/A 8.86
02/28/2014 0.0160 N/A N/A 8.91
01/31/2014 0.0170 N/A N/A 8.91
12/31/2013 0.0170 N/A N/A 8.83
11/30/2013 0.0170 N/A N/A 8.91
10/31/2013 0.0170 N/A N/A 8.95
09/30/2013 0.0170 N/A N/A 8.93
08/31/2013 0.0170 N/A N/A 8.88
07/31/2013 0.0170 N/A N/A 8.95
06/30/2013 0.0170 N/A N/A 8.97
05/31/2013 0.0170 N/A N/A 9.09
04/30/2013 0.0170 N/A N/A 9.26
03/31/2013 0.0170 N/A N/A 9.22
02/28/2013 0.0170 N/A N/A 9.24
01/31/2013 0.0181 N/A N/A 9.22
12/31/2012 0.0181 N/A N/A 9.30
11/30/2012 0.0181 N/A N/A 9.34
10/31/2012 0.0181 N/A N/A 9.34
09/30/2012 0.0181 N/A N/A 9.37
08/31/2012 0.0181 N/A N/A 9.40
07/31/2012 0.0210 N/A N/A 9.42
06/30/2012 0.0210 N/A N/A 9.36
05/31/2012 0.0210 N/A N/A 9.40
04/30/2012 0.0210 N/A N/A 9.30
03/31/2012 0.0235 N/A N/A 9.21
02/29/2012 0.0235 N/A N/A 9.31
01/31/2012 0.0235 N/A N/A 9.36
12/31/2011 0.0235 N/A N/A 9.34
11/30/2011 0.0235 N/A N/A 9.29
10/31/2011 0.0235 N/A N/A 9.26
09/30/2011 0.0200 N/A N/A 9.35
08/31/2011 0.0200 N/A N/A 9.25
07/31/2011 0.0200 N/A N/A 9.07
06/30/2011 0.0200 N/A N/A 8.98
05/31/2011 0.0200 N/A N/A 9.03
04/30/2011 0.0217 N/A N/A 8.95
03/31/2011 0.0217 N/A N/A 8.90
02/28/2011 0.0217 N/A N/A 8.91
01/31/2011 0.0217 N/A N/A 8.93
12/31/2010 0.0217 N/A N/A 8.96
11/30/2010 0.0217 N/A N/A 9.12
10/31/2010 0.0232 N/A N/A 9.18
09/30/2010 0.0232 N/A N/A 9.22
08/31/2010 0.0216 N/A N/A 9.26
07/31/2010 0.0226 N/A N/A 9.11
06/30/2010 0.0186 N/A N/A 9.07
05/31/2010 0.0215 N/A N/A 8.95
04/30/2010 0.0264 N/A N/A 8.88
03/31/2010 0.0271 N/A N/A 8.83
02/28/2010 0.0296 N/A N/A 8.91
01/31/2010 0.0293 N/A N/A 8.90
12/31/2009 0.0293 N/A N/A 8.78
11/30/2009 0.0303 N/A N/A 9.02
10/31/2009 0.0303 N/A N/A 8.91
09/30/2009 0.0314 N/A N/A 8.93
08/31/2009 0.0313 N/A N/A 8.88
07/31/2009 0.0316 N/A N/A 8.83
06/30/2009 0.0330 N/A N/A 8.80
05/31/2009 0.0341 N/A N/A 8.819
04/30/2009 0.0361 N/A N/A 8.914
03/31/2009 0.0319 N/A N/A 9.094
02/28/2009 0.0295 N/A N/A 8.911
01/31/2009 0.0292 N/A N/A 8.957
12/31/2008 0.0292 N/A N/A 9.155
11/30/2008 0.0289 N/A N/A 8.902
10/31/2008 0.0313 N/A N/A 8.532
09/30/2008 0.0329 N/A N/A 8.627
08/31/2008 0.0329 N/A N/A 8.667
07/31/2008 0.0343 N/A N/A 8.623
06/30/2008 0.0343 N/A N/A 8.615
05/31/2008 0.0330 N/A N/A 8.586
04/30/2008 0.0349 N/A N/A 8.652
03/31/2008 0.0353 N/A N/A 8.739
02/29/2008 0.0352 N/A N/A 8.739
01/31/2008 0.0369 N/A N/A 8.728
12/31/2007 0.0369 N/A N/A 8.588
11/30/2007 0.0345 N/A N/A 8.584
10/31/2007 0.0344 N/A N/A 8.507
09/30/2007 0.0370 N/A N/A 8.456
08/31/2007 0.0370 N/A N/A 8.464
07/31/2007 0.0365 N/A N/A 8.436
06/30/2007 0.0385 N/A N/A 8.405
05/31/2007 0.0384 N/A N/A 8.454
04/30/2007 0.0374 N/A N/A 8.563
03/31/2007 0.0375 N/A N/A 8.56
02/28/2007 0.0374 N/A N/A 8.566
01/31/2007 0.0366 N/A N/A 8.509
12/31/2006 0.0365 N/A N/A 8.528
11/30/2006 0.0364 N/A N/A 8.564
10/31/2006 0.0364 N/A N/A 8.551
09/30/2006 0.0363 N/A N/A 8.54
08/31/2006 0.0363 N/A N/A 8.528
07/31/2006 0.0364 N/A N/A 8.495
06/30/2006 0.0364 N/A N/A 8.455
05/31/2006 0.0364 N/A N/A 8.484
04/30/2006 0.0364 N/A N/A 8.531
03/31/2006 0.0364 N/A N/A 8.569
02/28/2006 0.0360 N/A N/A 8.655
01/31/2006 0.0370 N/A N/A 8.676
12/31/2005 0.0345 N/A N/A 8.704
11/30/2005 0.0347 N/A N/A 8.688
10/31/2005 0.0367 N/A N/A 8.704
09/30/2005 0.0367 N/A N/A 8.767
08/31/2005 0.0367 N/A N/A 8.837
07/31/2005 0.0367 N/A N/A 8.829
06/30/2005 0.0367 N/A N/A 8.884
05/31/2005 0.0367 N/A N/A 8.904
04/30/2005 0.0367 N/A N/A 8.896
03/31/2005 0.0350 N/A N/A 8.863
02/28/2005 0.0327 N/A N/A 8.917
01/31/2005 0.0327 N/A N/A 8.981
12/31/2004 0.0322 N/A N/A 8.994
11/30/2004 0.0327 N/A N/A 8.988
10/31/2004 0.0347 N/A N/A 9.048
09/30/2004 0.0347 N/A N/A 9.035
08/31/2004 0.0345 N/A N/A 9.076
07/31/2004 0.0345 N/A N/A 9.009
06/30/2004 0.0370 N/A N/A 8.991
05/31/2004 0.0390 N/A N/A 8.979
04/30/2004 0.0390 N/A N/A 9.047
03/31/2004 0.0390 N/A N/A 9.242
02/29/2004 0.0390 N/A N/A 9.244
01/31/2004 0.0390 N/A N/A 9.22
12/31/2003 0.0380 N/A N/A 9.209
11/30/2003 0.0380 N/A N/A 9.178
10/31/2003 0.0380 N/A N/A 9.179
09/30/2003 0.0330 N/A N/A 9.296
08/31/2003 0.0380 N/A N/A 9.117
07/31/2003 0.0380 N/A N/A 9.154
06/30/2003 0.0380 N/A N/A 9.483
05/31/2003 0.0350 N/A N/A 9.547
04/30/2003 0.0350 N/A N/A 9.455
03/31/2003 0.0350 N/A N/A 9.444
02/28/2003 0.0350 N/A N/A 9.531
01/31/2003 0.0300 N/A N/A 9.459
12/31/2002 0.0300 N/A N/A 9.517
11/30/2002 0.0320 N/A N/A 9.354
10/31/2002 0.0340 N/A N/A 9.451
09/30/2002 0.0350 N/A N/A 9.531
08/31/2002 0.0385 N/A N/A 9.38
07/31/2002 0.0385 N/A N/A 9.278
06/30/2002 0.0385 N/A N/A 9.176
05/31/2002 0.0375 N/A N/A 9.136
04/30/2002 0.0360 N/A N/A 9.115
03/31/2002 0.0360 N/A N/A 8.984
02/28/2002 0.0340 N/A N/A 9.151
01/31/2002 0.0340 N/A N/A 9.092
12/31/2001 0.0360 N/A N/A 9.063
11/30/2001 0.0400 N/A N/A 9.198
10/31/2001 0.0415 N/A N/A 9.396
09/30/2001 0.0415 N/A N/A 9.247
08/31/2001 0.0415 N/A N/A 9.12
07/31/2001 0.0415 N/A N/A 9.085
06/30/2001 0.0415 N/A N/A 8.96
05/31/2001 0.0415 N/A N/A 8.979
04/30/2001 0.0430 N/A N/A 8.988
03/31/2001 0.0430 N/A N/A 9.07
02/28/2001 0.0450 N/A N/A 9.095
01/31/2001 0.0450 N/A N/A 9.075
12/31/2000 0.0460 N/A N/A 9.019
11/30/2000 0.0470 N/A N/A 8.925
10/31/2000 0.0480 N/A N/A 8.84
09/30/2000 0.0480 N/A N/A 8.836
08/31/2000 0.0480 N/A N/A 8.824
07/31/2000 0.0480 N/A N/A 8.775
06/30/2000 0.0480 N/A N/A 8.773
05/31/2000 0.0480 N/A N/A 8.694
04/30/2000 0.0480 N/A N/A 8.741
03/31/2000 0.0480 N/A N/A 8.793
02/29/2000 0.0480 N/A N/A 8.761
01/31/2000 0.0480 N/A N/A 8.716
12/31/1999 0.0480 N/A N/A 8.80
11/30/1999 0.0480 N/A N/A 8.887
10/31/1999 0.0480 N/A N/A 8.937
09/30/1999 0.0480 N/A N/A 8.964
08/31/1999 0.0480 N/A N/A 8.927
07/31/1999 0.0480 N/A N/A 8.972
06/30/1999 0.0525 N/A N/A 9.035
05/31/1999 0.0525 N/A N/A 9.146
04/30/1999 0.0525 N/A N/A 9.289
03/31/1999 0.0525 N/A N/A 9.33
02/28/1999 0.0525 N/A N/A 9.337
01/31/1999 0.0525 N/A N/A 9.568
12/31/1998 0.0525 N/A N/A 9.576
11/30/1998 0.0525 N/A N/A 9.599
10/31/1998 0.0525 N/A N/A 9.635
09/30/1998 0.0525 N/A N/A 9.728
08/31/1998 0.0525 N/A N/A 9.57
07/31/1998 0.0525 N/A N/A 9.44
06/30/1998 0.0525 N/A N/A 9.474
05/31/1998 0.0525 N/A N/A 9.451
04/30/1998 0.0525 N/A N/A 9.413
03/31/1998 0.0525 N/A N/A 9.433
02/28/1998 0.0525 N/A N/A 9.461
01/31/1998 0.0525 N/A N/A 9.519
12/31/1997 0.0525 N/A N/A 9.456
11/30/1997 0.0525 N/A N/A 9.412
10/31/1997 0.0525 N/A N/A 9.43
09/30/1997 0.0525 N/A N/A 9.357
08/31/1997 0.0525 N/A N/A 9.28
07/31/1997 0.0525 N/A N/A 9.417
06/30/1997 0.0525 N/A N/A 9.235
05/31/1997 0.0525 N/A N/A 9.183
04/30/1997 0.0525 N/A N/A 9.163
03/31/1997 0.0525 N/A N/A 9.083
02/28/1997 0.0525 N/A N/A 9.224
01/31/1997 0.0525 N/A N/A 9.265
12/31/1996 0.0525 N/A N/A 9.284
11/30/1996 0.0525 N/A N/A 9.423
10/31/1996 0.0525 N/A N/A 9.323
09/30/1996 0.0525 N/A N/A 9.195
08/31/1996 0.0525 N/A N/A 9.105
07/31/1996 0.0525 N/A N/A 9.189
06/30/1996 0.0525 0.0000 0.0000 9.214
05/31/1996 0.0525 N/A N/A 9.171
04/30/1996 0.0525 N/A N/A 9.256
03/31/1996 0.0525 N/A N/A 9.364
02/29/1996 0.0525 N/A N/A 9.483
01/31/1996 0.0525 N/A N/A 9.705
12/31/1995 0.0575 0.0000 0.0000 9.70
11/30/1995 0.0575 N/A N/A 9.63
10/31/1995 0.0575 N/A N/A 9.55
09/30/1995 0.0575 N/A N/A 9.48
08/31/1995 0.0575 N/A N/A 9.45
07/31/1995 0.0575 N/A N/A 9.40
06/30/1995 0.0600 N/A N/A 9.48
05/31/1995 0.0600 N/A N/A 9.47
04/30/1995 0.0600 N/A N/A 9.21
03/31/1995 0.0600 N/A N/A 9.16
02/28/1995 0.0600 N/A N/A 9.19
01/31/1995 0.0600 N/A N/A 9.07
12/31/1994 0.0241 0.0359 0.0000 8.99
11/30/1994 0.0600 N/A N/A 9.02
10/31/1994 0.0600 N/A N/A 9.14
09/30/1994 0.0600 N/A N/A 9.20
08/31/1994 0.0600 N/A N/A 9.36
07/29/1994 0.0600 N/A N/A 9.40
06/30/1994 0.0600 N/A N/A 9.32
05/31/1994 0.0600 N/A N/A 9.39
04/29/1994 0.0600 0.0000 0.0000 9.43
03/31/1994 0.0600 N/A N/A 9.58
02/28/1994 0.0600 N/A N/A 9.89
01/31/1994 0.0600 N/A N/A 10.10
12/31/1993 0.0600 N/A N/A 10.05
12/15/1993 N/A 0.0500 0.0920 10.04
11/30/1993 0.0600 N/A N/A 10.18
10/29/1993 0.0600 N/A N/A 10.35
09/30/1993 0.0600 N/A N/A 10.38
08/31/1993 0.0600 N/A N/A 10.41
07/30/1993 0.0575 N/A N/A 10.33
06/15/1993 0.0575 N/A N/A 10.31
05/14/1993 0.0575 N/A N/A 10.29
04/15/1993 0.0575 0.0000 0.0000 10.37
03/15/1993 0.0575 N/A N/A 10.27
02/12/1993 0.0575 N/A N/A 10.25
01/15/1993 0.0575 N/A N/A 10.20
12/15/1992 0.0575 N/A 0.0280 10.13
11/13/1992 0.0575 N/A N/A 10.19
10/15/1992 0.0575 N/A N/A 10.34
09/15/1992 0.0625 N/A N/A 10.39
08/14/1992 0.0625 N/A N/A 10.34
07/15/1992 0.0625 0.0000 0.0000 10.33
06/23/1992 0.0625 N/A N/A 10.21
05/22/1992 0.0625 N/A N/A 10.13
04/23/1992 0.0625 0.0000 0.0000 10.06
03/24/1992 0.0625 N/A N/A 10.04
02/21/1992 0.0625 0.0000 0.0000 10.10
01/24/1992 0.0700 N/A N/A 10.19
12/23/1991 0.0700 N/A N/A 10.31
11/22/1991 0.0700 N/A N/A 10.18
10/25/1991 0.0700 N/A N/A 10.11
09/23/1991 0.0700 N/A N/A 10.09
08/23/1991 0.0700 N/A N/A 10.01
07/24/1991 0.0700 N/A N/A 9.92
06/21/1991 0.0700 N/A N/A 9.87
05/24/1991 0.0700 N/A N/A 9.95
04/23/1991 0.0700 N/A N/A 9.91
03/22/1991 0.0700 N/A N/A 9.91
02/22/1991 0.0700 N/A N/A 9.96
01/25/1991 0.0700 N/A N/A 9.96
12/21/1990 0.0700 N/A N/A 9.91
11/21/1990 0.0700 N/A N/A 9.86
10/25/1990 0.0700 N/A N/A 9.80
09/21/1990 0.0700 N/A N/A 9.73
08/24/1990 0.0700 N/A N/A 9.71
07/25/1990 0.0700 N/A N/A 9.81
06/22/1990 0.0700 N/A N/A 9.75
05/24/1990 0.0700 N/A N/A 9.73
04/24/1990 0.0700 N/A N/A 9.62
03/23/1990 0.0700 N/A N/A 9.72
02/23/1990 0.0700 N/A N/A 9.75
01/24/1990 0.0700 N/A N/A 9.80
12/22/1989 0.0700 N/A N/A 9.92
11/22/1989 0.0700 N/A N/A 9.92
10/26/1989 0.0700 N/A N/A 9.90
09/22/1989 0.0700 N/A N/A 9.82
08/25/1989 0.0700 N/A N/A 9.83
07/25/1989 0.0700 N/A N/A 9.92
06/23/1989 0.0700 N/A N/A 9.82
05/26/1989 0.0700 N/A N/A 9.75
04/21/1989 0.0700 N/A N/A 9.64
03/23/1989 0.0700 N/A N/A 9.59
02/22/1989 0.0700 N/A N/A 9.66
01/24/1989 0.0700 N/A N/A 9.73
12/22/1988 0.0700 N/A N/A 9.70
11/23/1988 0.0700 N/A N/A 9.76
10/21/1988 0.0700 N/A N/A 9.85
09/23/1988 0.0700 N/A N/A 9.84
08/24/1988 0.0700 N/A N/A 9.79
07/22/1988 0.0700 N/A N/A 9.85
06/24/1988 0.0700 N/A N/A 9.92
05/24/1988 0.0700 N/A N/A 9.86
04/22/1988 0.0700 N/A N/A 9.93
03/25/1988 0.0700 N/A N/A 10.01
02/19/1988 0.0700 N/A N/A 10.04
01/22/1988 0.0700 N/A N/A 9.99
12/23/1987 0.0700 N/A N/A 9.90
11/20/1987 0.0700 N/A N/A 9.91
10/22/1987 0.0700 N/A N/A 9.87
09/23/1987 0.0700 N/A N/A 9.87
08/21/1987 0.0700 N/A N/A 10.04
07/23/1987 0.0700 N/A N/A 10.07
06/23/1987 0.0700 N/A N/A 10.11
as of 07/31/2015

Fund Characteristics

3-Year Alpha -0.43%
3-Year Beta 0.90
3-Year R-Squared 0.98
3-Year Sharpe Ratio 0.12
3-Year Standard Deviation 2.58
Number of Securities 880
Total Assets $706,700,406.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Barclays US Govt Bd Tr

as of 07/31/2015

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
FNMA TBA 3.5 08/01/2045 3.500 08/01/2045 3.79
U.S. TREASURY NOTES 1.625 07/31/2019 2.53
U.S. TREASURY NOTES 0.875 01/31/2018 2.51
LHIPO 2010 1GA A 3.174 09/08/2039 2.21
U.S. TREASURY NOTES 0.750 12/31/2017 2.12
U.S. TREASURY BONDS 3.375 05/15/2044 1.84
TENN VALLEY AUTH 4.875 12/15/2016 1.70
U.S. TREASURY NOTES 0.625 08/31/2017 1.64
U.S. TREASURY NOTES 1.625 06/30/2019 1.58
U.S. TREASURY NOTES 0.625 05/31/2017 1.54

Holdings are subject to change and are not buy/sell recommendations.

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 About risk

Active Trading Risk. The Fund engages in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.

Call Risk. If interest rates fall, it is possible that issuers of debt securities with high interest rates will prepay or call their securities before their maturity dates. In this event, the proceeds from the called securities would likely be reinvested by the Fund in securities bearing the new, lower interest rates, resulting in a possible decline in the Fund's income and distributions to shareholders.

Changing Fixed Income Market Conditions Risk. The current low interest rate environment was created in part by the Federal Reserve Board (FRB) and certain foreign central banks keeping the federal funds and equivalent foreign rates at or near zero. There is a risk that interest rates will rise when the FRB and central banks raise these rates. This risk is heightened due to the "tapering" of the FRB's quantitative easing program and other similar foreign central bank actions. This tapering and eventual increase in the federal funds and equivalent foreign rates may expose fixed income markets to heightened volatility and reduced liquidity for certain fixed income investments, particularly those with longer maturities. In addition, decreases in fixed income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies could also result in higher than normal shareholder redemptions, which could potentially increase portfolio turnover and the Fund's transaction costs.

Collateralized Loan Obligations Risk. In addition to the normal interest rate, default and other risks of fixed income securities, collateralized loan obligations carry additional risks, including the possibility that distributions from collateral securities will not be adequate to make interest or other payments, the quality of the collateral may decline in value or default, the Fund may invest in collateralized loan obligations that are subordinate to other classes, values may be volatile, and disputes with the issuer may produce unexpected investment results.

Credit Risk. The issuer of instruments in which the Fund invests may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

Derivatives Risk. The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund's returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund's ability to use certain derivatives or their cost. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.

Interest Rate Risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise; conversely, bond prices generally rise as interest rates fall. Specific bonds differ in their sensitivity to changes in interest rates depending on their individual characteristics, including duration.

Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.

Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.

Mortgage- and Asset-Backed Securities Risk. The Fund may invest in mortgage- and asset-backed securities that are subject to prepayment or call risk, which is the risk that the borrower's payments may be received earlier or later than expected due to changes in prepayment rates on underlying loans. Faster prepayments often happen when interest rates are falling. As a result, the Fund may reinvest these early payments at lower interest rates, thereby reducing the Fund's income. Conversely, when interest rates rise, prepayments may happen more slowly, causing the security to lengthen in duration. Longer duration securities tend to be more volatile. Securities may be prepaid at a price less than the original purchase value. An unexpectedly high rate of defaults on the mortgages held by a mortgage pool may adversely affect the value of mortgage-backed securities and could result in losses to the Fund. The risk of such defaults is generally higher in the case of mortgage pools that include subprime mortgages. Subprime mortgages refer to loans made to borrowers with weakened credit histories or with lower capacity to make timely payments on their mortgages.

Reinvestment Risk. Reinvestment risk is the risk that a bond's cash flows (coupon income and principal repayment) will be reinvested at an interest rate below that on the original bond.

TBA Transactions Risk. TBA transactions involve the risk that the securities received may be less favorable than what was anticipated by the Fund when entering into the TBA transaction. TBA transactions also involve the risk that a counterparty will fail to deliver the securities, exposing the Fund to further losses. Whether or not the Fund takes delivery of the securities at the termination date of a TBA transaction, the Fund will nonetheless be exposed to changes in the value of the underlying investments during the term of the agreement. When the Fund enters into a short sale of a TBA mortgage it does not own, the Fund may have to purchase deliverable mortgages to settle the short sale at a higher price than anticipated, thereby causing a loss. A short position in a TBA mortgage poses more risk than holding the same TBA mortgage long. As there is no limit on how much the price of mortgage securities can increase, the Fund's exposure is unlimited. The Fund may not always be able to purchase mortgage securities to close out the short position at a particular time or at an acceptable price. The Fund will earmark or segregate liquid assets in an amount at least equal to its exposure for the duration of the contract. The Fund will incur increased transaction costs associated with selling TBA mortgages short. In addition, taking short positions in TBA mortgages results in a form of leverage which could increase the volatility of the Fund's share price.

U.S. Government Obligations Risk. The Fund may invest in obligations issued by U.S. Government agencies and instrumentalities that may receive varying levels of support from the government, which could affect the Fund's ability to recover should they default.

When-Issued and Delayed Delivery Risks. When-issued and delayed delivery transactions are subject to market risk as the value or yield of a security at delivery may be more or less than the purchase price or the yield generally available on securities when delivery occurs. In addition, the Fund is subject to counterparty risk because it relies on the buyer or seller, as the case may be, to consummate the transaction, and failure by the other party to complete the transaction may result in the Fund missing the opportunity of obtaining a price or yield considered to be advantageous.

Zero Coupon or Pay-In-Kind Securities Risk. The value, interest rates, and liquidity of non-cash paying instruments, such as zero coupon and pay-in-kind securities, are subject to greater fluctuation than other types of securities. The higher yields and interest rates on pay-in-kind securities reflect the payment deferral and increased credit risk associated with such instruments and that such investments may represent a higher credit risk than coupon loans. Pay-in-kind securities may have a potential variability in valuations because their continuing accruals require continuing judgments about the collectability of the deferred payments and the value of any associated collateral.

as of 09/04/2015

AGOVX

NAV Change ($)
$8.97 0.01
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 09/04/2015

Yield 

  • Distribution Yield
    with Sales Charge 1.69%
  • Distribution Yield
    without Sales Charge 1.77%
  • SEC 30-Day Yield 1.26%
  • Unsub. 30-Day Yield N/A

Fund Details

  • Distribution Frequency Monthly
  • NASDAQ AGOVX
  • WSJ Abrev. IntGov
  • CUSIP 00142C847
  • Fund Type Fixed Income
  • Geography Type Domestic
  • Inception Date 04/28/1987
  • Fiscal Year End 02/28
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1560
  • Tax ID 04-2951334