Invesco Core Plus Bond Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, Invesco Core Plus Bond Fund held 2,294 positions with $5.08B in net assets. Its ten largest holdings made up 28.9% of the fund. The ACPSX share class costs 0.79% a year. Over the 12 months to May 2026, ACPSX returned 6.0%, with dividends reinvested. In 2026 Q2 it added 359 new positions and exited 176.
The Funds investment objective is total return, comprised of current income and capital appreciation.
The fund invests primarily in investment-grade fixed-income securities tracked to the Bloomberg U.S. Aggregate Bond Index, including corporate bonds, U.S. Treasuries, and mortgage-backed securities, while maintaining a dollar-weighted average maturity of three to ten years and duration within two years of the benchmark. The fund may allocate up to 20% to below-investment-grade debt, 30% to foreign debt including emerging markets, and employs active duration and yield curve positioning to generate returns above the benchmark. Because the fund's security selection and risk positioning relative to the benchmark depend on portfolio manager judgment and specialist recommendations rather than mechanical index tracking, performance may diverge from the benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Uniform Mortgage-Backed Securities 5.00% · due 2056-06-01 | 4.47% | $227.16M | — |
U.S. Treasury Notes/Bonds 3.88% · due 2031-04-30 | 3.87% | $196.87M | — |
Uniform Mortgage-Backed Securities 2.50% · due 2056-06-01 | 3.54% | $179.86M | — |
Invesco Private Prime Fund | 3.37% | $171.47M | — |
Uniform Mortgage-Backed Securities 2.00% · due 2056-06-01 | 3.04% | $154.71M | — |
U.S. Treasury Notes/Bonds 3.88% · due 2029-05-15 | 2.53% | $128.51M | — |
Uniform Mortgage-Backed Securities 3.00% · due 2056-06-01 | 2.51% | $127.77M | — |
Uniform Mortgage-Backed Securities 4.50% · due 2056-06-01 | 2.31% | $117.46M | — |
U.S. Treasury Notes/Bonds 4.38% · due 2036-05-15 | 1.72% | $87.48M | — |
TRPXXInvesco Treasury Portfolio | 1.55% | $79.03M | — |
The 200 largest of 2,294 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 64.89% |
| Bonds | 55.65% |
| Cash & short-term | 7.18% |
| Loans | 2.33% |
| 2 smaller | 1.54% |
Look-through blends 5 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Securitized
- 48.5%
- Government
- 12.2%
- Other
- 11.5%
- International
- 7.8%
- 12 other sectors
- 19.9%
- Securitized
- 48.5%
- Government
- 12.2%
- Other
- 11.5%
- International
- 7.8%
- Financials
- 6.2%
- Cash
- 5.4%
- Utilities
- 2.3%
- Industrials
- 1.5%
- Information Technology
- 1.2%
- Communication Services
- 1.1%
- Health Care
- 1.0%
- Consumer Discretionary
- 0.5%
- Energy
- 0.3%
- Real Estate
- 0.2%
- Materials
- 0.1%
- Consumer Staples
- 0.1%
How it has done
ACPSX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.46%. Past returns are a record, not a forecast.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.79% | +6.04% | +16.43% | +1.21% | -5.05% | |
| 1.54% | +5.26% | +13.86% | -2.43% | -5.24% | |
| 1.04% | +5.78% | +15.57% | +0.04% | -5.12% | |
| 0.54% | +6.31% | +17.43% | +2.50% | -4.99% | |
| 0.51% | +6.32% | +17.44% | +2.58% | -4.99% | |
| 0.44% | +6.49% | +17.60% | +2.83% | -4.88% |
These classes hold the same portfolio, so the 5.26pp spread over 5 years is the cost difference between them — roughly 1.05pp a year — not a difference in what they own.
Fees & fund details
Invesco Core Plus Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.44% – 1.54%· ACPSX 0.79%
- Portfolio turnover
- 531.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
359 new· the largest 2
176 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 67.5% |
| Floating rate | 32.2% |
| Zero-coupon or unclassified | 0.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.5% |
| 1-3y | 10.0% |
| 3-5y | 13.1% |
| 5-10y | 18.8% |
| 10y+ | 54.8% |
| Unknown | 2.7% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 54% |
| Credit spreads | 46% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +4.65 yr |
| High yield | +0.37 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.79 yr | 13% |
| 5 yr | 1.66 yr | 28% |
| 10 yr | 2.29 yr | 39% |
| 30 yr | 1.13 yr | 19% |
3 mo is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.69 yr | 14% |
| 5 yr | 1.84 yr | 37% |
| 10 yr | 1.83 yr | 36% |
| 30 yr | 0.62 yr | 12% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.00 | +0.03 | +0.01 | $17.3k | $3.5k |
| 1 yr | +0.79 | +0.63 | +0.06 | $320.2k | $28.7k |
| 5 yr | +1.66 | +1.65 | +0.19 | $837.0k | $98.4k |
| 10 yr | +2.29 | +1.75 | +0.08 | $889.7k | $42.6k |
| 30 yr | +1.13 | +0.59 | +0.03 | $300.2k | $17.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — ACPSX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”