Invesco Corporate Bond Fund
AIM Investment Securities Funds (Invesco Investment Securities Funds) · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Invesco Corporate 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
Fund profile
As filed in the prospectus · 2026 Q2
The Funds primary investment objective is to seek to provide current income with preservation of capital.
The fund invests at least 80% of assets in corporate bonds, with at least 65% in investment-grade securities, U.S. government obligations, or cash; up to 35% may be in below-investment-grade bonds, subject to a 20% limit on securities rated B- or below. Portfolio managers use a bottom-up approach informed by market specialists to position the fund relative to the Bloomberg U.S. Credit Index, adjusting duration, yield curve positioning, and sector exposure to seek alpha rather than tracking the index. The fund may also hold convertible securities, preferred stocks, foreign debt, mortgage- and asset-backed securities, and derivatives including credit default swaps and interest rate swaps. Because the fund is not an index fund and portfolio managers make active decisions on risk factors and security selection, returns may diverge materially from the index.
| Share class | Expense ratio |
|---|---|
| ACCEX | 1.43% |
| ACCHX | 0.46% |
| ACCWX | 0.41% |
| ACCBX | 0.71% |
| ACCZX | 0.96% |
| ICBFX | 0.34% |
Portfolio turnover 219.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 90.89% |
| Cash & short-term | 13.09% |
| Securitized | 4.90% |
| Loans | 2.83% |
| 2 smaller | 1.43% |
Look-through blends 5 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 21.5% |
| Financials | 16.0% |
| International | 13.2% |
| Cash | 11.5% |
| 12 smaller | 37.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: CoreWeave Compute Acquisition Co. VIII, LLC, U.S. Treasury Notes/Bonds, QTS Fayetteville I Dc1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC, Qdoba Funding LLC, QTS (PROJECT THUNDER), Electricite de France ×2, Honeywell Aerospace Inc.
Largest exited: U.S. Treasury Bills, AP Grange Holdings, LLC, QTS Thunder Managing Issuer LLC, U.S. Treasury Notes/Bonds ×2, X Corp., U.S. Bancorp, Goldman Sachs Group, Inc. (The)
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.86% | +12.91% | -2.41% | 3.64% | -6.13% | |
| +5.86% | +16.26% | +2.56% | 3.66% | -5.52% | |
| +5.90% | +16.61% | +2.99% | 3.79% | -5.51% | |
| +5.59% | +15.58% | +1.38% | 3.67% | -5.67% | |
| +5.50% | +14.72% | +0.27% | 3.68% | -5.78% | |
| +5.98% | +16.68% | +3.20% | 3.66% | -5.47% |
These classes hold the same portfolio, so the 5.61pp spread over 5 years is the cost difference between them — roughly 1.12pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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 | 71.6% |
| Floating rate | 28.2% |
| Zero-coupon or unclassified | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.6% |
| 1-3y | 5.3% |
| 3-5y | 12.9% |
| 5-10y | 37.1% |
| 10y+ | 39.7% |
| Unknown | 4.5% |
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
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
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.
| Credit spreads | 51% |
| Interest rates | 49% |
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 | +6.46 yr |
| High yield | +0.39 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 | 0.64 yr | 10% |
| 5 yr | 1.85 yr | 28% |
| 10 yr | 2.62 yr | 40% |
| 30 yr | 1.47 yr | 22% |
3 mo is NEGATIVE (-0.03 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.36 yr | 5% |
| 5 yr | 1.79 yr | 26% |
| 10 yr | 2.91 yr | 43% |
| 30 yr | 1.76 yr | 26% |
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 | -0.03 | +0.02 | +0.00 | $8.1k | $572 |
| 1 yr | +0.64 | +0.30 | +0.06 | $121.1k | $24.9k |
| 5 yr | +1.85 | +1.58 | +0.21 | $631.8k | $85.3k |
| 10 yr | +2.62 | +2.82 | +0.09 | $1.13m | $35.2k |
| 30 yr | +1.47 | +1.73 | +0.03 | $692.7k | $10.6k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Invesco Private Prime Fund | 8.43% | $337.38M | — |
| — | Invesco Private Government Fund | 3.29% | $131.82M | — |
| — | CoreWeave Compute Acquisition Co. VIII, LLC5.87% floating · due 2032-03-31 | 1.40% | $56.08M | — |
| TRPXX | Invesco Treasury PortfolioTRPXX | 0.85% | $34.09M | — |
| — | U.S. Treasury Notes/Bonds4.38% · due 2036-05-15 | 0.78% | $31.19M | — |
| — | QTS Fayetteville I Dc1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC5.70% · due 2036-04-15 | 0.78% | $31.11M | — |
| — | Beignet Investor LLC6.58% · due 2049-05-30 | 0.76% | $30.53M | — |
| — | Eagle Funding LuxCo S.a.r.l.5.50% · due 2030-08-17 | 0.74% | $29.44M | — |
| — | Goldman Sachs Group, Inc. (The)5.39% floating · due 2041-02-02 | 0.58% | $23.22M | — |
| — | Qdoba Funding LLC6.70% · due 2056-06-14 | 0.57% | $22.70M | — |
Top 10 positions are 18.18% of net assets, top 25 24.30%, across 802 issuers.
See more of this fund's book
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