Ticker: ACCBX (Class A)

Invesco Corporate Bond Fund

Invests primarily in investment-grade and high-yield corporate bonds.

Product detail Fact sheet

Reasons to invest

The Invesco Corporate Bond Fund is an active, total return strategy with an objective to provide current income with preservation of capital by investing primarily in corporate bonds.

★★★★
4-star Morningstar rating - Corporate Bond Category

As of 6/30/2025 the Fund had an overall rating, based on risk-adjusted returns, of 4 stars out of 171 funds and was rated 3 stars out of 171 funds, 3 stars out of 155 funds and 4 stars out of 103 funds for the 3-, 5- and 10-year periods, respectively.

Rigorous search for inefficiencies

We combine top-down macro analysis with bottom-up credit research to capitalize on opportunities across corporate bonds.

Long-term perspective

We manage intra-cycle volatility in pursuit of strong risk-adjusted performance over time.

Three-tier approach

We construct corporate bond portfolios based on diversification, relative value, and liquidity.

FAQ

Get timely answers to important questions regarding this product.

Corporate bonds are debt obligations issued by companies that typically pay investors periodic interest as well as the principal when the bond matures. Corporate bonds generally fall into two major categories: investment grade and high yield.

Corporate bonds have two main risks: credit (or default) risk is the risk the company won’t be able to make payments on interest and/or principal; and interest rate risk is the risk their prices may fall when rates rise.

Corporate bond credit ratings are determined by credit ratings agencies such as Standard & Poor’s, Fitch, and Moody’s. Bonds with investment-grade ratings (rated Aaa/AAA to A3/A-) are issued by companies seen as very creditworthy based on the strength of the business and the balance sheet. High-yield bonds (rated Baa1/BBB+ to C/C), on the other hand, pay investors higher yields to compensate for their higher credit risk

Investors can turn to Invesco for high-conviction bond strategies across the fixed income spectrum. Our team is empowered by a collaborative culture and extensive research capabilities across geographies, asset classes, and sectors. We bring the resources of a global asset management firm while remaining nimble enough to add value through security selection. Through a rigorous, repeatable process that constantly identifies new themes and opportunities, we aim to build best-idea portfolios that seek to deliver strong risk-adjusted performance over time.

The following share classes are offered for this fund: Class A, Class C, Class R, Class R5, Class R6, Class Y.

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  • The Fund’s primary investment objective is to seek to provide current income with preservation of capital. Capital appreciation is a secondary objective that is sought only when consistent with the Fund’s primary investment objective.

  • Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 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. 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. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.