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CUSTOM SMAS BY INVESCO
Fixed income SMAs
Build customized, tax-smart fixed income portfolios that align with your unique goals.
Customized portfolios
Utilize a thoughtful framework for clients to customize portfolios based on duration, tax situation, liquidity needs, and values.
Disciplined active management
Seek to enhance returns through active security selection and sector allocation and implement a passive approach to duration management.
Technology automation
Continuous technological improvements to drive scale and create efficient, seamless trade execution.
Fixed income for every possibility
Invesco employs a thoughtful framework for clients to customize portfolios based on duration, tax situation, liquidity needs, and values (select tax-fee, tax-aware, and taxable portfolios are available with value overlays). Click a tab below to explore customization options.
Tax-Free SMAs invest in tax-free municipal bonds and are structured for clients in the highest tax brackets to deliver tax-exempt benefits, with state-specific options available.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Tax-Free Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Tax-Free Short Term SMA | Short | 0-7 years | Sample portfolio | Fact sheet |
| Tax-Free Limited Term SMA | Limited | 0-12 years | Sample portfolio | Fact sheet |
| Tax-Free Limited Term Income Plus SMA | Limited | 0-12 years | Sample portfolio | Fact sheet |
| Tax-Free Intermediate Term SMA | Intermediate | Full curve | Sample portfolio | Fact sheet |
| Tax-Free Intermediate Term Income Plus SMA | Intermediate | Full curve | Sample portfolio | Fact sheet |
Tax-Aware SMAs focus on a minimum of 50% in tax-exempt municipal bonds and allocate the remaining to core fixed income asset classes such as corporate and government bonds. The asset class mix is based on after-tax relative value.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Tax-Aware Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Tax-Aware Short Term SMA | Short | 0-7 years | Sample portfolio | Fact sheet |
| Tax-Aware Limited Term SMA | Limited | 0-12 years | Sample portfolio | Fact sheet |
| Tax-Aware Limited Term Income Plus SMA | Limited | 0-12 years | Sample portfolio | Fact sheet |
| Tax-Aware Intermediate Term SMA | Intermediate | Full curve | Sample portfolio | Fact sheet |
| Tax-Aware Intermediate Term Income Plus SMA | Intermediate | Full curve | Sample portfolio | Fact sheet |
These SMAs are geared toward clients in tax-advantaged accounts seeking additional yield. They have low correlated allocation to core fixed income asset classes such as corporate and government bonds.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Investment Grade Govt-Credit Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Investment Grade Govt-Credit Short Term SMA | Short | 0-7 years | Sample portfolio | Fact sheet |
| Investment Grade Govt-Credit Intermediate Term SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Govt-Credit Intermediate Term Income Plus SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Investment Grade Govt-Credit Long Term SMA | Long | Full curve | Sample portfolio | Fact sheet |
| Govt-Credit Long Term Income Plus SMA | Long | Full curve | Sample portfolio | Fact sheet |
US government SMAs are geared towards clients seeking safety, tax-efficiency, and liquidity. They may be appropriate for clients in high tax states and are made up of shorter maturities.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Government Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| U.S. Treasury Ladder, 1-12 Month | Ultra short | 0-1 years | Sample portfolio | Fact sheet |
| U.S. Treasury Ladder, 1-24 Month | Ultra short | 0-2 years | Sample portfolio | Fact sheet |
| U.S. Treasury Ladder, 1-5 Year | Short | 0-5 years | Sample portfolio | Fact sheet |
These corporate bond SMAs have various maturity options ranging from floating rate to full curve. Full investment-grade to high-yield, and taxable municipal bond options are available.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Investment Grade Taxable Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Investment Grade Floating Rate Bond SMA | Ultra short | 0-5 years | Sample portfolio | Fact sheet |
| Intermediate Corporate Bond 100% SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Intermediate Corporate Bond 75% SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Intermediate Corporate Bond 50% SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Investment Grade Corporate Bond SMA | Long | Full curve | Sample portfolio | Fact sheet |
| US Corporate Bond SMA | Long | Full curve | Sample portfolio | Fact sheet |
| Corporate Bond 50% SMA | Long | Full curve | Sample portfolio | Fact sheet |
| Preferred Securities SMA | Short | Perpetual | Sample portfolio | Fact sheet |
Helping you serve your clients
Explore our SMA solutions
Whether you’re looking for active or passive, fixed income or equities, Custom SMAs by Invesco let you create customized, tax-smart portfolios for any goal.
CUSTOM SMAS BY INVESCO
Unlock the power of personalization
Custom SMAs by Invesco empower advisors to deliver the tailored solutions and tax-smart portfolios clients expect from their advisors.
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Equity SMAs
Bring customization to your equity portfolios
Bring the power of personalization to equity portfolios across investment styles, sectors, and regions.
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Start the conversation
Talk to our SMA specialists about how to bring Custom SMAs to your portfolio. Call us at (866) 769-2773 or provide your contact information and we'll reach out to you.
SMA value-oriented overlays
Our value overlays use a proprietary process for inclusion and monitoring of investments that provide a measurable positive social or environmental benefit along with income and financial return potential.
Overlay Environmental, Social, and Governance (ESG)
The ESG overlay is a broad-spectrum approach to ESG investing, where assets are allocated to investment opportunities with ESG potential. This can include environment, education, housing, health care, social improvement, energy efficiency, and infrastructure improvements, among other options.
Overlay Environmental Leadership
The Environmental Leadership overlay identifies investment opportunities with high potential to be environmentally beneficial in areas such as land, water, and energy conservation, while also seeking investment opportunities with better climate change profiles and lower negative environmental impact. This approach emphasizes low carbon investment opportunities and is, by design, free of significant fossil fuel reserve owners.
Overlay Gender Equity
The Gender Equity overlay identifies investment opportunities using governance criteria such as female representation in leadership and senior management roles, including an evaluation of the number of board seats held by women and whether the board chair is female. Additionally, investment opportunities providing dedicated capital access programs, healthcare services, affordable housing, and educational opportunities for women are preferred. The Gender Equity overlay may periodically emphasize particular industries, sectors, or regions as a way to leverage assets for increased ESG potential.
Overlay Faith-Driven
The Faith-Driven overlay is an extension of our overall approach to values-aligned investing where we seek to identify and direct funds to investment opportunities where the entity has strong policies and programs related to traditional family values, supports economically disadvantaged populations, and places an emphasis on environmental stewardship.
