LMTAX
Invesco Short Duration Inflation Protected Fund
Invests in short-duration, investment grade fixed income securities.
Recognized among large U.S. investment managers for outstanding overall performance1.
The Invesco Short Term Bond Fund seeks to provide enhanced current income and attractive total returns through an active portfolio that comprises primarily shorter-duration bonds.
Our diversified mix of investment grade securities focuses on short-duration assets, which may help hedge against rising rates.
We combine top-down macro analysis with bottom-up credit research to capitalize on opportunities across fixed income.
Our team's experience across fixed income sectors and collaborative culture help us unlock potential opportunities.
Get timely answers to important questions regarding this product.
Short term bond funds are fixed income strategies that are designed to limit interest rate risk by investing in bonds with short durations. Short term bond funds also predominantly hold investment grade bonds to help limit volatility while providing more yield potential than cash or money market funds.
The primary benefit of short-term bond funds is that due to their shorter duration, they typically fall less than other bond funds when interest rates are rising.
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. 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.
To learn more about our fixed income offerings, explore the funds below.
LMTAX
Invesco Short Duration Inflation Protected Fund
ORSTX
Invesco Short Term Municipal Fund
The Fund’s investment objective is total return, comprised of current income and capital appreciation.
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.
ABOUT RISK
NA3146727
Not all share classes are available to all investors. Please see the prospectus for more information.
Diversification does not guarantee a profit or eliminate the risk of loss.
An issuer 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.
Risks of collateralized loan obligations include 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 collateralized loan obligations may be subordinate to other classes, values may be volatile, and disputes with the issuer may produce unexpected investment results.
Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.
The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
Junk bonds have greater risk of default or price changes due to changes in the issuer’s credit quality. Junk bond values fluctuate more than high quality bonds and can decline significantly over a short time.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
Municipal securities are subject to the risk that legislative or economic conditions could affect an issuer’s ability to make payments of principal and/ or interest.
Mortgage- and asset-backed securities 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. Securities may be prepaid at a price less than the original purchase value.
Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.
The Fund invests in financial instruments that use the London Interbank Offered Rate (“LIBOR”) as a reference or benchmark rate for variable interest rate calculations. LIBOR will be phased out by the end of 2021, and it's anticipated that LIBOR will cease to be published after that time. To assist with the transition, US dollar LIBOR rates will continue to be published until June 2023. There is uncertainty on the effects of the LIBOR transition process, therefore any impact of the LIBOR transition on the Fund or its investments cannot yet be determined. There is no assurance an alternative rate will be similar to, produce the same value or economic equivalence or instruments using the rate will have the same volume or liquidity as LIBOR. Any effects of LIBOR transition and the adoption of alternative rates could result in losses to the Fund.
The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the Fund.
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