Ticker: ICIVX (Class A)

Invesco Conservative Income Fund

Invests in short-duration, investment grade money market and fixed income securities.

Product detail Fact Sheet

2024 LSEG Lipper Fund Award – Best Fixed Income Group

Recognized among large U.S. investment managers for outstanding overall performance1.

Reasons to invest

The Invesco Conservative Income Fund is a conservatively managed ultrashort duration fixed income fund that seeks to fill the void between money market solutions and short-term bond funds for investors with excess cash. The fund maintains a duration of less than one year and focuses on money market securities, investment grade credit, and traditional asset-backed securities.

Potential excess cash solution

Our fund aims to provide additional yield beyond cash without taking on significantly more risk. 

Seeks attractive risk-adjusted performance

We seek competitive performance, less volatility, and lower drawdowns versus our Morningstar Ultrashort Bond category peers.

High credit quality, low duration

The fund seeks capital preservation by investing in investment-grade securities and targeting a duration of less than one year.

FAQ

Get timely answers to important questions regarding this product.

Ultra-short duration funds and money market funds are both seen as relatively conservative investments for short-term liquidity need. However, ultrashort funds have a slightly longer duration profile than money market funds. 

The fixed income securities in the Invesco Conservative Income Fund include corporate bonds, commercial paper, asset-backed securities, repurchase agreements, certificates of deposit, and Treasury securities.

Relative to other ultrashort duration funds, the Invesco Conservative Income Fund aims to generate  competitive performance, less volatility, and lower drawdowns versus our Morningstar Ultrashort Bond category peers.

Bond prices and interest rates move in opposite directions. However, the very short duration of ultra-short duration funds typically provides less sensitivity to rising rates than funds that invest in bonds with longer durations.

The following share classes are offered for this fund: Class A, Class Institutional, Class R6, Class Y

Explore related funds

To learn more about our short duration offerings, explore the funds below.

  • US Fixed Income

    STBAX

    Mutual Fund

    Invesco Short Term Bond Fund

    Fixed Income
  • US Fixed Income

    LMTAX

    Mutual Fund

    Invesco Short Duration Inflation Protected Fund

    Fixed Income

Footnotes

  • The Fund’s investment objective is to provide capital preservation and current income while maintaining liquidity.

    Morningstar Ultrashort bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations of less than one year (or, if duration is unavailable, average effective maturities of less than one year). This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios.
  • 1

    Source: LSEG Lipper Fund Awards. © 2024 LSEG Lipper. All The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed. LSEG Lipper Inc. is a major independent mutual fund tracking organization.