Mutual Funds

Invesco Short Duration Inflation Protected Fund

Fixed Income | US Fixed Income

Objective & Strategy

The Fund seeks to provide protection from the negative effects of unanticipated inflation.

as of 06/30/2016

Morningstar Rating

Overall Rating - Inflation-Protected Bond Category

As of 06/30/2016 the Fund had an overall rating of 1 stars out of 207 funds and was rated 2 stars out of 207 funds, 1 stars out of 182 funds and 1 stars out of 111 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. ©2016 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 06/30/2016 06/30/2016

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 10/31/2002 N/A 1.55 2.90 2.66 0.89 0.53 1.77
Load 10/31/2002 2.50 1.36 0.29 0.07 0.03 0.02 1.51
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.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

as of 06/30/2016 06/30/2016

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
BofA Merrill Lynch US Inflation-Linked 1-5 Year Treasury IX 1.14 0.98 1.90 0.80 0.65 3.09
BofA Merrill Lynch US Inflation-Linked 1-5 Year Treasury IX 1.14 0.98 1.90 0.80 0.65 3.09
BofA Merrill Lynch US Inflation-Linked 1-5 Year Treasury IX 1.14 0.98 1.90 0.80 0.65 3.09
BofA Merrill Lynch US Inflation-Linked 1-5 Year Treasury IX 1.14 0.98 1.90 0.80 0.65 3.09

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 0.20
12b-1 Fee 0.25
Other Expenses 0.45
Interest/Dividend Exp 0.00
Total Other Expenses 0.45
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 0.90
Contractual Waivers/Reimbursements -0.35
Net Expenses - PER PROSPECTUS 0.55
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 0.55
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
06/16/2016 0.0204 N/A N/A 10.61
03/17/2016 0.0204 N/A N/A 10.53
12/30/2015 0.0001 N/A N/A 10.38
11/30/2015 0.0001 N/A N/A 10.394
10/31/2015 0.0001 N/A N/A 10.422
10/22/2015 N/A 0.0052 N/A 10.439
09/30/2015 0.0001 N/A N/A 10.433
08/31/2015 0.0001 N/A N/A 10.416
07/31/2015 0.0001 N/A N/A 10.425
06/30/2015 0.0001 N/A N/A 10.425
05/31/2015 0.0001 N/A N/A 10.427
04/30/2015 0.0001 N/A N/A 10.427
03/31/2015 0.0001 N/A N/A 10.425
02/28/2015 0.0001 N/A N/A 10.42
01/31/2015 0.0001 N/A N/A 10.437
12/31/2014 0.0001 N/A N/A 10.409
11/30/2014 0.0001 N/A N/A 10.436
10/31/2014 0.0001 N/A N/A 10.429
09/30/2014 0.0001 N/A N/A 10.418
08/31/2014 0.0001 N/A N/A 10.425
07/31/2014 0.0001 N/A N/A 10.421
06/30/2014 0.0002 N/A N/A 10.429
05/31/2014 0.0004 N/A N/A 10.435
04/30/2014 0.0002 N/A N/A 10.432
03/31/2014 0.0002 N/A N/A 10.428
02/28/2014 0.0002 N/A N/A 10.444
01/31/2014 0.0002 N/A N/A 10.441
12/31/2013 0.0054 N/A N/A 10.423
12/13/2013 N/A N/A 0.0017 10.441
11/30/2013 0.0002 N/A N/A 10.464
10/31/2013 0.0002 N/A N/A 10.458
09/30/2013 0.0002 N/A N/A 10.453
08/31/2013 0.0002 N/A N/A 10.427
07/31/2013 0.0002 N/A N/A 10.445
06/30/2013 0.0002 N/A N/A 10.433
05/31/2013 0.0002 N/A N/A 10.443
04/30/2013 0.0002 N/A N/A 10.47
03/31/2013 0.0002 N/A N/A 10.469
02/28/2013 0.0002 N/A N/A 10.47
01/31/2013 0.0002 N/A N/A 10.463
12/31/2012 0.0002 N/A N/A 10.465
12/07/2012 N/A 0.0076 0.0018 10.466
11/30/2012 0.0002 N/A N/A 10.476
10/31/2012 0.0002 N/A N/A 10.467
09/30/2012 0.0002 N/A N/A 10.478
08/31/2012 0.0002 N/A N/A 10.481
07/31/2012 0.0002 N/A N/A 10.48
06/30/2012 0.0002 N/A N/A 10.46
05/31/2012 0.0018 N/A N/A 10.47
04/30/2012 0.0002 N/A N/A 10.476
03/31/2012 0.0002 N/A N/A 10.457
02/29/2012 0.0002 N/A N/A 10.47
01/31/2012 0.0002 N/A N/A 10.486
12/31/2011 0.0002 N/A N/A 10.471
12/09/2011 N/A 0.0402 0.0099 10.472
11/30/2011 0.0042 N/A N/A 10.519
10/31/2011 0.0002 N/A N/A 10.52
09/30/2011 0.0002 N/A N/A 10.515
08/31/2011 0.0002 N/A N/A 10.532
07/31/2011 0.0002 N/A N/A 10.506
06/30/2011 0.0002 N/A N/A 10.502
05/31/2011 0.0003 N/A N/A 10.504
04/30/2011 0.0002 N/A N/A 10.486
03/31/2011 0.0002 N/A N/A 10.462
02/28/2011 0.0002 N/A N/A 10.466
01/31/2011 0.0002 N/A N/A 10.475
12/31/2010 0.0002 N/A N/A 10.464
12/03/2010 N/A N/A 0.0853 10.475
11/30/2010 0.0002 N/A N/A 10.565
10/31/2010 0.0002 N/A N/A 10.58
09/30/2010 0.0002 N/A N/A 10.572
08/31/2010 0.0009 N/A N/A 10.57
07/31/2010 0.0010 N/A N/A 10.536
06/30/2010 0.0015 N/A N/A 10.527
05/31/2010 0.0016 N/A N/A 10.513
04/30/2010 0.0016 N/A N/A 10.506
03/31/2010 0.0019 N/A N/A 10.502
02/28/2010 0.0017 N/A N/A 10.52
01/31/2010 0.0020 N/A N/A 10.518
12/31/2009 0.0022 N/A N/A 10.469
11/30/2009 0.0026 N/A N/A 10.526
10/31/2009 0.0029 N/A N/A 10.501
09/30/2009 0.0038 N/A N/A 10.493
08/31/2009 0.0039 N/A N/A 10.487
07/31/2009 0.0050 N/A N/A 10.463
06/30/2009 0.0057 N/A N/A 10.462
05/31/2009 0.0071 N/A N/A 10.481
04/30/2009 0.0077 N/A N/A 10.479
03/31/2009 0.0084 N/A N/A 10.489
02/28/2009 0.0080 N/A N/A 10.463
01/31/2009 0.0095 N/A N/A 10.492
12/31/2008 0.0106 N/A N/A 10.528
11/30/2008 0.0120 N/A N/A 10.487
10/31/2008 0.0146 N/A N/A 10.394
09/30/2008 0.0166 N/A N/A 10.337
08/31/2008 0.0180 N/A N/A 10.283
07/31/2008 0.0191 N/A N/A 10.269
06/30/2008 0.0198 N/A N/A 10.253
05/31/2008 0.0222 N/A N/A 10.251
04/30/2008 0.0226 N/A N/A 10.302
03/31/2008 0.0251 N/A N/A 10.40
02/29/2008 0.0249 N/A N/A 10.409
01/31/2008 0.0282 N/A N/A 10.343
12/31/2007 0.0299 N/A N/A 10.215
11/30/2007 0.0310 N/A N/A 10.227
10/31/2007 0.0325 N/A N/A 10.109
09/30/2007 0.0320 N/A N/A 10.112
08/31/2007 0.0335 N/A N/A 10.083
07/31/2007 0.0339 N/A N/A 10.029
06/30/2007 0.0331 N/A N/A 9.992
05/31/2007 0.0342 N/A N/A 9.985
04/30/2007 0.0333 N/A N/A 10.023
03/31/2007 0.0347 N/A N/A 10.029
02/28/2007 0.0315 N/A N/A 10.031
01/31/2007 0.0344 N/A N/A 9.998
12/31/2006 0.0341 N/A N/A 10.01
11/30/2006 0.0327 N/A N/A 10.04
10/31/2006 0.0334 N/A N/A 10.031
09/30/2006 0.0315 N/A N/A 10.033
08/31/2006 0.0323 N/A N/A 10.022
07/31/2006 0.0318 N/A N/A 9.999
06/30/2006 0.0299 N/A N/A 9.971
05/31/2006 0.0299 N/A N/A 9.988
04/30/2006 0.0282 N/A N/A 10.007
03/31/2006 0.0290 N/A N/A 10.005
02/28/2006 0.0252 N/A N/A 10.024
01/31/2006 0.0268 N/A N/A 10.042
12/31/2005 0.0261 N/A N/A 10.058
11/30/2005 0.0245 N/A N/A 10.052
10/31/2005 0.0239 N/A N/A 10.051
09/30/2005 0.0221 N/A N/A 10.077
08/31/2005 0.0218 N/A N/A 10.124
07/31/2005 0.0211 N/A N/A 10.095
06/30/2005 0.0191 N/A N/A 10.142
05/31/2005 0.0191 N/A N/A 10.147
04/30/2005 0.0176 N/A N/A 10.138
03/31/2005 0.0170 N/A N/A 10.114
02/28/2005 0.0146 N/A N/A 10.139
01/31/2005 0.0151 N/A N/A 10.172
12/31/2004 0.0143 N/A N/A 10.193
12/17/2004 N/A 0.0132 N/A 10.194
11/30/2004 0.0131 N/A N/A 10.21
10/31/2004 0.0128 N/A N/A 10.273
09/30/2004 0.0116 N/A N/A 10.265
08/31/2004 0.0110 N/A N/A 10.288
07/31/2004 0.0101 N/A N/A 10.246
06/30/2004 0.0088 N/A N/A 10.232
05/31/2004 0.0082 N/A N/A 10.252
04/30/2004 0.0075 N/A N/A 10.272
03/31/2004 0.0076 N/A N/A 10.365
02/29/2004 0.0075 N/A N/A 10.356
01/31/2004 0.0080 N/A N/A 10.327
12/31/2003 0.0079 N/A N/A 10.324
12/12/2003 N/A 0.1703 N/A 10.319
11/30/2003 0.0078 N/A N/A 10.456
10/31/2003 0.0081 N/A N/A 10.475
09/30/2003 0.0080 N/A N/A 10.515
08/31/2003 0.0084 N/A N/A 10.45
07/31/2003 0.0087 N/A N/A 10.46
06/30/2003 0.0095 N/A N/A 10.514
05/31/2003 0.0111 N/A N/A 10.511
04/30/2003 0.0118 N/A N/A 10.495
03/31/2003 0.0138 N/A N/A 10.498
02/28/2003 0.0135 N/A N/A 10.495
01/31/2003 0.0158 N/A N/A 10.477
12/31/2002 0.0171 N/A N/A 10.499
12/13/2002 N/A 0.1030 N/A 10.464
11/30/2002 0.0170 N/A N/A 10.542
10/31/2002 0.0006 N/A N/A 10.589
as of 06/30/2016

Fund Characteristics

3-Year Alpha 0.50%
3-Year Beta 0.39
3-Year R-Squared 0.46
3-Year Sharpe Ratio 0.66
3-Year Standard Deviation 1.19
Number of Securities 12
Total Assets $104,480,741.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  BofA Merrill Lynch US Inflation-Linked 1-5 Year Treasury IX

 About risk

Changing Fixed Income Market Conditions Risk. The current historically 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 completion of the FRB's quantitative easing program and the "tapering" of other similar foreign central bank actions. This 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.

Debt Securities Risk. The prices of debt securities held by the Fund will be affected by changes in interest rates, the creditworthiness of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing debt securities to fall and often has a greater impact on longer-duration debt securities and higher quality debt securities. Falling interest rates will cause the Fund to reinvest the proceeds of debt securities that have been repaid by the issuer at lower interest rates. Falling interest rates may also reduce the Fund's distributable income because interest payments on floating rate debt instruments held by the Fund will decline. The Fund could lose money on investments in debt securities if the issuer or borrower fails to meet its obligations to make interest payments and/or to repay principal in a timely manner. Changes in an issuer's financial strength, the market's perception of such strength or in the credit rating of the issuer or the security may affect the value of debt securities. The Adviser's credit analysis may fail to anticipate such changes, which could result in buying a debt security at an inopportune time or failing to sell a debt security in advance of a price decline or other credit event.

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.

Indexing Risk. The Fund is operated as a passively managed index fund and, therefore, the adverse performance of a particular security necessarily will not result in the elimination of the security from the Fund's portfolio. Ordinarily, the Adviser will not sell the Fund's portfolio securities except to reflect additions or deletions of the securities that comprise the Index, or as may be necessary to raise cash to pay Fund shareholders who sell Fund shares. As such, the Fund will be negatively affected by declines in the securities represented by the Index. Also, there is no guarantee that the Adviser will be able to correlate the Fund's performance with that of the Index.

Inflation-Indexed Securities Risk. The values of inflation-indexed securities generally fluctuate in response to changes in real interest rates, and the Fund's income from its investments in these securities is likely to fluctuate considerably more than the income distributions of its investments in more traditional fixed-income securities.

Inflation-Indexed Securities Tax Risk. Any increase in the principal amount of an inflation-indexed security may be included for tax purposes in the Fund's gross income, even though no cash attributable to such gross income has been received by the Fund. In such event, the Fund may be required to make annual distributions to shareholders that exceed the cash it has otherwise received. In order to pay such distributions, the Fund may be required to raise cash by selling portfolio investments. The sale of such investments could result in capital gains to the Fund and additional capital gain distributions to shareholders. In addition, adjustments during the taxable year for deflation to an inflation-indexed bond held by the Fund may cause amounts previously distributed to shareholders in the taxable year as income to be characterized as a return of capital.

Market Risk. The market values of the Fund's investments, and therefore the value of the Fund's shares, will go up and down, sometimes rapidly or unpredictably. Market risk ma y affect a single issuer, industry or section of the economy, or it may affect the market as a whole. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.

Sampling Risk. The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the Index and in the Fund holding securities not included in the Index. As a result, an adverse development respecting an issuer of securities held by the Fund could result in a greater decline in the Fund's NAV than would be the case if all of the securities in the Index were held. The Fund's use of a representative sampling approach may also include the risk that it may not track the return of the Index as well as it would have if the Fund held all of the securities in the Index.

U.S. Government Obligations Risk. Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect the Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

When-Issued, Delayed Delivery and Forward Commitment Risks. When-issued and delayed delivery transactions subject the Fund to market risk because the value or yield of a security at delivery may be more or less than the purchase price or yield generally available when delivery occurs, and counterparty risk because the Fund relies on the buyer or seller, as the case may be, to consummate the transaction. These transactions also have a leveraging effect on the Fund because the Fund commits to purchase securities that it does not have to pay for until a later date, which increases the Fund's overall investment exposure and, as a result, its volatility.

as of 07/26/2016

LMTAX

NAV Change ($)
$10.60 0.00
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 07/26/2016

Yield 

  • Distribution Yield
    with Sales Charge 0.75%
  • Distribution Yield
    without Sales Charge 0.77%
  • SEC 30-Day Yield -0.53%
  • Unsub. 30-Day Yield -0.88%

Fund Details

  • Distribution Frequency Quarterly
  • NASDAQ LMTAX
  • WSJ Abrev. LimM
  • CUSIP 00142C649
  • Fund Type Fixed Income
  • Geography Type Domestic
  • Inception Date 10/31/2002
  • Fiscal Year End 02/28
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 4923
  • Tax ID 76-6038365