Mutual Funds

Invesco Quality Income Fund

Fixed Income | US Fixed Income

Objective & Strategy

The fund seeks high current income with liquidity and safety of principal by investing primarily in obligations issued or guaranteed by the US government, its agencies or instrumentalities, including mortgage-backed securities. Fund shares are neither insured nor guaranteed by the US government.

as of 07/31/2016

Morningstar Rating

Overall Rating - Intermediate-Term Bond Category

As of 07/31/2016 the Fund had an overall rating of 2 stars out of 955 funds and was rated 2 stars out of 955 funds, 2 stars out of 838 funds and 1 stars out of 602 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 07/31/2016

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
GNMA TBA 3.5 08/01/2046 3.500 08/01/2046 7.18
FGLMC TBA 3% 08-01-2046 3.000 08/01/2046 5.33
GNMA TBA 4% 08/01/2046 4.000 08/01/2046 4.70
FNMA TBA 2.5 08/01/2031 2.500 08/01/2031 4.13
G2SF TBA 3.0% 08/01/2046 3.000 08/01/2046 3.42
FH GOLD #G07154 4.500 08/01/2041 2.86
FNMA TBA 3.00 08/01/2031 3.000 08/01/2031 2.65
FH GOLD TBA 4% 08/01/2046 4.000 08/01/2046 2.30
FNCL BC3562 3.500 03/01/2046 1.91
FNMA TBA 4 08/01/2046 4.000 08/01/2046 1.85

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

as of 07/31/2016 06/30/2016

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 05/31/1984 N/A 6.58 3.52 3.80 4.00 3.20 3.87
Load 05/31/1984 4.25 6.43 -0.86 -0.61 2.51 2.31 3.42
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.

Effective June 20, 2016, Invesco U.S. Mortgage Fund was renamed Invesco Quality Income Fund.

as of 07/31/2016 06/30/2016

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Barclays US Mtg Sec TR IX 0.20 1.15 3.90 3.86 2.86 4.83
BOFAML 1-10Y US Trs TR IX 0.03 1.31 3.57 2.47 2.15 4.06
Barclays US Mtg Sec TR IX 0.81 1.11 4.34 3.76 3.01 4.96
BOFAML 1-10Y US Trs TR IX 1.42 1.24 3.97 2.50 2.44 4.16

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 0.47
12b-1 Fee 0.24
Other Expenses 0.25
Interest/Dividend Exp 0.00
Total Other Expenses 0.25
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
07/29/2016 0.0355 N/A N/A 12.39
06/30/2016 0.0355 N/A N/A 12.41
05/31/2016 0.0355 N/A N/A 12.32
04/29/2016 0.0376 N/A N/A 12.36
03/31/2016 0.0376 N/A N/A 12.35
02/29/2016 0.0376 N/A N/A 12.34
01/29/2016 0.0376 N/A N/A 12.35
12/31/2015 0.0375 N/A N/A 12.22
11/30/2015 0.0375 N/A N/A 12.27
10/30/2015 0.0398 N/A N/A 12.34
09/30/2015 0.0398 N/A N/A 12.36
08/31/2015 0.0398 N/A N/A 12.34
07/31/2015 0.0445 N/A N/A 12.38
06/30/2015 0.0445 N/A N/A 12.34
05/29/2015 0.0445 N/A N/A 12.48
04/30/2015 0.0445 N/A N/A 12.51
03/31/2015 0.0445 N/A N/A 12.54
02/27/2015 0.0445 N/A N/A 12.54
01/30/2015 0.0445 N/A N/A 12.58
12/31/2014 0.0445 N/A N/A 12.55
11/28/2014 0.0445 N/A N/A 12.56
10/31/2014 0.0445 N/A N/A 12.52
09/30/2014 0.0445 N/A N/A 12.47
08/29/2014 0.0445 N/A N/A 12.52
07/31/2014 0.0445 N/A N/A 12.45
06/30/2014 0.0471 N/A N/A 12.55
05/30/2014 0.0472 N/A N/A 12.55
04/30/2014 0.0472 N/A N/A 12.44
03/31/2014 0.0472 N/A N/A 12.38
02/28/2014 0.0522 N/A N/A 12.48
01/31/2014 0.0522 N/A N/A 12.48
12/31/2013 0.0522 N/A N/A 12.35
11/29/2013 0.0522 N/A N/A 12.45
10/31/2013 0.0422 N/A N/A 12.58
09/30/2013 0.0383 N/A N/A 12.53
08/30/2013 0.0383 N/A N/A 12.41
07/31/2013 0.0383 N/A N/A 12.47
06/28/2013 0.0383 N/A N/A 12.56
05/31/2013 0.0383 N/A N/A 12.76
04/30/2013 0.0383 N/A N/A 12.93
03/28/2013 0.0333 N/A N/A 12.94
02/28/2013 0.0333 N/A N/A 12.97
01/31/2013 0.0333 N/A N/A 12.96
12/31/2012 0.0333 N/A N/A 13.02
11/30/2012 0.0333 N/A N/A 13.03
10/31/2012 0.0333 N/A N/A 13.09
09/28/2012 0.0383 N/A N/A 13.15
08/31/2012 0.0383 N/A N/A 13.12
07/31/2012 0.0403 N/A N/A 13.08
06/29/2012 0.0428 N/A N/A 12.99
05/31/2012 0.0500 N/A N/A 13.00
04/30/2012 0.0500 N/A N/A 13.03
03/30/2012 0.0600 N/A N/A 13.01
02/29/2012 0.0600 N/A N/A 12.98
01/31/2012 0.0694 N/A N/A 12.98
12/30/2011 0.0695 N/A N/A 12.99
11/30/2011 0.0694 N/A N/A 12.99
10/31/2011 0.0694 N/A N/A 13.02
09/30/2011 0.0694 N/A N/A 13.04
08/31/2011 0.0600 N/A N/A 13.10
07/29/2011 0.0600 N/A N/A 13.08
06/30/2011 0.0600 N/A N/A 13.06
05/31/2011 0.0500 N/A N/A 13.20
04/29/2011 0.0400 N/A N/A 13.13
03/31/2011 0.0400 N/A N/A 13.00
02/28/2011 0.0350 N/A N/A 13.02
01/31/2011 0.0326 N/A N/A 13.00
12/31/2010 0.0646 N/A N/A 13.00
11/30/2010 0.0348 N/A N/A 13.12
10/29/2010 0.0348 N/A N/A 13.16
09/30/2010 0.0298 N/A N/A 13.07
08/31/2010 0.0298 N/A N/A 13.15
07/30/2010 0.0298 N/A N/A 13.17
06/30/2010 0.0395 N/A N/A 13.11
05/27/2010 0.0305 N/A N/A 12.98
04/30/2010 0.0350 N/A N/A 12.88
03/31/2010 0.0350 N/A N/A 12.84
02/26/2010 0.0350 N/A N/A 12.87
01/29/2010 0.0350 N/A N/A 12.91
12/31/2009 0.0325 N/A N/A 12.75
11/30/2009 0.0325 N/A N/A 12.95
10/30/2009 0.0270 N/A N/A 12.83
09/30/2009 0.0270 N/A N/A 12.72
08/31/2009 0.0270 N/A N/A 12.64
07/31/2009 0.0270 N/A N/A 12.56
06/30/2009 0.0270 N/A N/A 12.46
05/29/2009 0.0270 N/A N/A 12.49
04/30/2009 0.0270 N/A N/A 12.48
03/31/2009 0.0270 N/A N/A 12.48
02/27/2009 0.0270 N/A N/A 12.31
01/30/2009 0.0320 N/A N/A 12.26
12/31/2008 0.0400 N/A N/A 12.22
11/28/2008 0.0618 N/A N/A 12.13
10/31/2008 0.0670 N/A N/A 11.93
09/30/2008 0.0670 N/A N/A 12.14
08/29/2008 0.0670 N/A N/A 12.11
07/31/2008 0.0670 N/A N/A 12.12
06/30/2008 0.0670 N/A N/A 12.49
05/30/2008 0.0670 N/A N/A 12.76
04/30/2008 0.0670 N/A N/A 12.86
03/31/2008 0.0670 N/A N/A 12.85
02/29/2008 0.0705 N/A N/A 13.15
01/31/2008 0.0705 N/A N/A 13.39
12/31/2007 0.0705 N/A N/A 13.26
11/30/2007 0.0705 N/A N/A 13.36
10/31/2007 0.0705 N/A N/A 13.23
08/31/2007 0.0705 N/A N/A 13.13
07/31/2007 0.0705 N/A N/A 13.08
05/31/2007 0.0705 N/A N/A 13.18
04/30/2007 0.0705 N/A N/A 13.32
02/28/2007 0.0705 N/A N/A 13.36
01/31/2007 0.0705 N/A N/A 13.27
12/29/2006 0.0705 N/A N/A 13.34
11/30/2006 0.0680 N/A N/A 13.49
10/31/2006 0.0680 N/A N/A 13.45
09/29/2006 0.0680 N/A N/A 13.44
08/31/2006 0.0639 N/A N/A 13.40
07/31/2006 0.0610 N/A N/A 13.33
06/30/2006 0.0610 N/A N/A 13.25
05/31/2006 0.0610 N/A N/A 13.29
04/28/2006 0.0564 N/A N/A 13.37
03/31/2006 0.0540 N/A N/A 13.44
02/28/2006 0.0540 N/A N/A 13.60
01/31/2006 0.0540 N/A N/A 13.60
12/30/2005 0.0540 N/A N/A 13.63
11/30/2005 0.0520 N/A N/A 13.61
10/31/2005 0.0520 N/A N/A 13.63
09/30/2005 0.0520 N/A N/A 13.74
08/31/2005 0.0520 N/A N/A 13.86
06/30/2005 0.0520 N/A N/A 13.92
05/31/2005 0.0520 N/A N/A 13.92
03/31/2005 0.0455 N/A N/A 13.80
12/31/2004 0.0455 N/A N/A 13.94
11/30/2004 0.0515 N/A N/A 13.92
10/29/2004 0.0515 N/A N/A 13.99
09/30/2004 0.0515 N/A N/A 13.95
08/31/2004 0.0565 N/A N/A 13.99
07/30/2004 0.0565 N/A N/A 13.90
06/30/2004 0.0565 N/A N/A 13.85
05/28/2004 0.0565 N/A N/A 13.80
04/30/2004 0.0565 N/A N/A 13.88
03/31/2004 0.0600 N/A N/A 14.07
02/27/2004 0.0600 N/A N/A 14.13
01/30/2004 0.0600 N/A N/A 14.10
10/31/2003 0.0600 N/A N/A 14.11
09/30/2003 0.0600 N/A N/A 14.22
07/31/2003 0.0600 N/A N/A 14.10
06/30/2003 0.0600 N/A N/A 14.32
04/30/2003 0.0600 N/A N/A 14.50
03/31/2003 0.0600 N/A N/A 14.52
02/28/2003 0.0600 N/A N/A 14.60
01/31/2003 0.0600 N/A N/A 14.62
12/31/2002 0.1624 N/A N/A 14.60
11/29/2002 0.0600 N/A N/A 14.64
10/31/2002 0.0600 N/A N/A 14.66
09/30/2002 0.0600 N/A N/A 14.66
08/30/2002 0.0600 N/A N/A 14.71
07/31/2002 0.0600 N/A N/A 14.67
06/28/2002 0.0600 N/A N/A 14.57
05/31/2002 0.0600 N/A N/A 14.51
04/30/2002 0.0600 N/A N/A 14.48
03/28/2002 0.0600 N/A N/A 14.29
02/28/2002 0.0600 N/A N/A 14.49
01/31/2002 0.0660 N/A N/A 14.42
12/31/2001 0.0660 N/A N/A 14.36
11/30/2001 0.0660 N/A N/A 14.45
10/31/2001 0.0660 N/A N/A 14.60
09/28/2001 0.0660 N/A N/A 14.49
08/31/2001 0.0660 N/A N/A 14.35
07/31/2001 0.0660 N/A N/A 14.32
06/29/2001 0.0660 N/A N/A 14.12
05/31/2001 0.0660 N/A N/A 14.14
04/30/2001 0.0660 N/A N/A 14.13
03/30/2001 0.0660 N/A N/A 14.21
02/28/2001 0.0660 N/A N/A 14.19
01/31/2001 0.0660 N/A N/A 14.17
12/29/2000 0.0660 N/A N/A 14.03
11/30/2000 0.0660 N/A N/A 13.87
10/31/2000 0.0660 N/A N/A 13.73
09/29/2000 0.0660 N/A N/A 13.71
08/31/2000 0.0660 N/A N/A 13.65
07/31/2000 0.0660 N/A N/A 13.52
06/30/2000 0.0700 N/A N/A 13.50
05/31/2000 0.0700 N/A N/A 13.30
04/28/2000 0.0700 N/A N/A 13.40
03/31/2000 0.0700 N/A N/A 13.48
02/29/2000 0.0730 N/A N/A 13.41
01/31/2000 0.0730 N/A N/A 13.33
12/31/1999 0.0730 N/A N/A 13.52
11/30/1999 0.0730 N/A N/A 13.66
09/30/1999 0.0730 N/A N/A 13.76
08/31/1999 0.0790 N/A N/A 13.61
06/30/1999 0.0790 N/A N/A 13.91
04/30/1999 0.0790 N/A N/A 14.26
03/31/1999 0.0790 N/A N/A 14.30
07/31/1998 0.0790 N/A N/A 14.54
07/31/1997 0.0842 N/A N/A 14.60
07/31/1996 0.0875 N/A N/A 14.25
07/31/1995 0.0900 N/A N/A 14.63
as of 07/31/2016

Fund Characteristics

3-Year Alpha 0.35%
3-Year Beta 0.94
3-Year R-Squared 0.96
3-Year Sharpe Ratio 2.00
3-Year Standard Deviation 1.96
Number of Securities 875
Total Assets $613,932,768.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Barclays US Mtg Sec TR IX

as of 07/31/2016

Top Fixed-Income Holdings | View all

Holding Name Coupon % Bond Maturity Date % of Total Assets
GNMA TBA 3.5 08/01/2046 3.500 08/01/2046 7.18
FGLMC TBA 3% 08-01-2046 3.000 08/01/2046 5.33
GNMA TBA 4% 08/01/2046 4.000 08/01/2046 4.70
FNMA TBA 2.5 08/01/2031 2.500 08/01/2031 4.13
G2SF TBA 3.0% 08/01/2046 3.000 08/01/2046 3.42
FH GOLD #G07154 4.500 08/01/2041 2.86
FNMA TBA 3.00 08/01/2031 3.000 08/01/2031 2.65
FH GOLD TBA 4% 08/01/2046 4.000 08/01/2046 2.30
FNCL BC3562 3.500 03/01/2046 1.91
FNMA TBA 4 08/01/2046 4.000 08/01/2046 1.85

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

 About risk

Active Trading Risk. Active trading of portfolio securities may result in added expenses, a lower return and increased tax liability.

Borrowing Risk. Borrowing money to buy securities exposes the Fund to leverage and will cause the Fund’s share price to be more volatile because leverage will exaggerate the effect of any increase or decrease in the value of the Fund’s portfolio securities. Borrowing money may also require the Fund to liquidate positions when it may not be advantageous to do so. In addition, the Fund will incur interest expenses and other fees on borrowed money. There can be no assurance that the Fund’s borrowing strategy will enhance and not reduce the Fund’s returns.

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. Increases 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.

Dollar Roll Transactions Risk. Dollar roll transactions occur in connection with TBA transactions and involve the risk that the market value of the securities the Fund is required to purchase may decline below the agreed upon purchase price of those securities. Dollar roll transactions add a form of leverage to the Fund’s portfolio, which may make the Fund’s returns more volatile and increase the risk of loss. In addition, dollar roll transactions may increase the Fund’s portfolio turnover, which may result in increased brokerage costs and may lower the Fund’s actual return.

Liquidity Risk. The Fund may be unable to sell illiquid investments at the time or price it desires and, as a result, could lose its entire investment in such investments. Liquid securities can become illiquid during periods of market stress. If a significant amount of the Fund’s securities become illiquid, the Fund may not be able to timely pay redemption proceeds and may need to sell securities at significantly reduced prices.

Management Risk. The Fund is actively managed and depends heavily on the Adviser’s judgment about markets, interest rates or the attractiveness, relative values, liquidity, or potential appreciation of particular investments made for the Fund’s portfolio. The Fund could experience losses if these judgments prove to be incorrect. Additionally, legislative, regulatory, or tax developments may adversely affect management of the Fund and, therefore, the ability of the Fund to achieve its investment objective.

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 may 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.

Mortgage- and Asset-Backed Securities Risk. Mortgage- and asset-backed securities, including collateralized debt obligations and collateralized mortgage obligations, are subject to prepayment or call risk, which is the risk that a borrower’s payments may be received earlier or later than expected due to changes in prepayment rates on underlying loans. This could result in the Fund reinvesting these early payments at lower interest rates, thereby reducing the Fund’s income. Mortgage- and asset-backed securities also are subject to extension risk, which is the risk that an unexpected rise in interest rates could reduce the rate of prepayments, causing the price of the mortgage- and asset-backed securities and the Fund’s share price to fall. 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 Fund may invest in mortgage pools that include subprime mortgages, which are loans made to borrowers with weakened credit histories or with lower capacity to make timely payments on their mortgages. Privately issued mortgage-related securities are not subject to the same underwriting requirements as those with government or government-sponsored entity guarantees and, therefore, mortgage loans underlying privately issued mortgage-related securities may have less favorable collateral, credit risk or other underwriting characteristics, and wider variances in interest rate, term, size, purpose and borrower characteristics.

TBA Transactions Risk. TBA transactions involve the risk of loss if the securities received are less favorable than what was anticipated by the Fund when entering into the TBA transaction, or if the counterparty fails to deliver the securities. 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. 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. In addition, taking short positions results in a form of leverage, which could increase the volatility of the Fund’s share price.

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.

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 loans that periodically pay interest.

as of 08/24/2016

VKMGX

NAV Change ($)
$12.38 0.00
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 08/24/2016

Yield 

  • Distribution Yield
    with Sales Charge 3.29%
  • Distribution Yield
    without Sales Charge 3.44%
  • SEC 30-Day Yield 2.48%
  • Unsub. 30-Day Yield N/A

Fund Details

  • Distribution Frequency Monthly
  • NASDAQ VKMGX
  • WSJ Abrev. US GvA
  • CUSIP 00888W619
  • Fund Type Fixed Income
  • Geography Type N/A
  • Inception Date 05/31/1984
  • Fiscal Year End 12/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1774
  • Tax ID 36-3324850