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Trending ETFs

Name

As of 12/19/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.67

$24.6 M

0.44%

$0.04

1.00%

Vitals

YTD Return

1.2%

1 yr return

0.6%

3 Yr Avg Return

-6.7%

5 Yr Avg Return

-0.3%

Net Assets

$24.6 M

Holdings in Top 10

26.7%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/19/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.67

$24.6 M

0.44%

$0.04

1.00%

AUBFX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -6.7%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco World Bond Factor Fund
  • Fund Family Name
    INVESCOFDS
  • Inception Date
    Sep 24, 2012
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Ong

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowing for investment purposes) in fixed income securities and in derivatives and other instruments that have economic characteristics similar to such securities. Fixed income securities that the Fund may invest in include U.S. and foreign government, corporate or agency securities of varying maturities, including securitized securities, such as asset-backed and mortgage-backed securities. The Fund’s debt investments may include certain restricted securities and securities exempt from registration under the Securities Act of 1933, as amended (Securities Act), including securities that are only eligible for resale pursuant to Rule 144A under the Securities Act of 1933, as amended (Securities Act) (such securities being referred to as “Rule 144A Securities”).
The Fund will invest in securities of U.S. and foreign issuers, including securities of issuers located in developing and emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles. Under normal circumstances, the Fund will provide exposure to investments that are economically tied to at least three countries, including the United States; but the Fund is permitted to invest substantially all of its assets in securities of foreign issuers, including securities of issuers located in developing and emerging markets countries.
The Fund may invest in below-investment grade securities (also referred to as “junk” bonds). Below-investment grade securities are those rated below “BBB-” or below “Baa3” by S&P Global Ratings (S&P) or Moody’s Investors Service (Moody’s), respectively, or that have comparable ratings from other nationally recognized statistical rating organizations (NRSROs). The Fund may also invest in unrated securities, in which case the Adviser may internally assign ratings to certain of those securities, after assessing their credit quality, in categories similar to those of NRSROs. There can be no assurance, nor is it intended, that the Adviser’s credit analysis is consistent or comparable with the credit analysis process used by an NRSRO.
The Fund is managed by Invesco’s Fixed Income Factor Team (FIF). In selecting securities for the portfolio, the Fund’s portfolio managers and FIF analysts utilize a factor-based strategy that involves systematically targeting securities exhibiting quantifiable issuer characteristics (or “factors”) that FIF believes will have higher returns than other fixed income securities with comparable characteristics over market cycles. Securities no longer exhibiting these factors will typically be sold. In practice, this means the Fund may have higher allocations to value bonds (bonds that have high spreads relative to other securities of similar credit quality and/or sector), low volatility bonds (bonds that have lower levels of price volatility), and high carry bonds (bonds with higher absolute yield or spread). The portfolio managers expect to include additional factors or modify the factors used to build the Fund’s portfolio as they deem appropriate. The portfolio managers will also seek to minimize some of the residual risks associated with the higher allocations to the types of bonds mentioned above (such as duration and sector concentration), including through the use of derivatives, as described below.
The Fund may purchase mortgage-backed and asset-backed securities, which may include privately issued and U.S. agency securities. The Fund may invest in U.S. and foreign agency mortgage pass-through securities and may seek to obtain such exposure primarily through the use of standardized agreements for forward or future delivery in which the actual mortgage pools to be delivered are not specified until shortly prior to settlement (to be announced (“TBA”) transactions).
Additionally, the Fund may invest up to 15% of its net assets in certain collateralized debt obligations (CDOs), including collateralized mortgage obligations (CMOs) and collateralized loan obligations (CLOs), of any rating.
The Fund’s investments may include securities that do not produce immediate cash income, such as zero coupon securities and payment-in-kind securities.
For purposes of the percentage investment limitations described above, the Adviser applies such rules to the Fund’s portfolio at the time of purchasing a security. Accordingly, the Fund’s portfolio may deviate from such limits due to market movement.
The Fund may invest in various derivative instruments for purposes of pursuing its investment goals, for risk management, portfolio management, earning income, managing target duration, gaining exposure to a particular asset class or hedging its exposure to particular investments or non-U.S. currencies. Such derivatives may include, among others, credit-related derivatives, such as credit default swaps, credit default index swaps, total return swaps and credit default swap options; interest rate-related derivatives, such as interest rate swaps and futures, options on bond or interest rate futures and swaptions (options on swaps); currency-related derivatives, such as currency futures, options and forward foreign currency contracts; and treasury futures. The Fund’s investments in derivatives may create leveraged exposure to certain fixed income markets. Leverage occurs when the investments in derivatives create greater economic exposure than the amount invested.
The Fund can engage in foreign currency transactions either on a spot basis (i.e., for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time) or through forward foreign currency contracts to gain or mitigate the risk of foreign currency exposure.
The Fund may invest in securities of any maturity or duration. The average maturity of securities in the Fund’s portfolio will fluctuate based on the factors used.
The Fund may purchase and sell securities on a when-issued and delayed delivery basis, which means that the Fund buys or sells a security with payment and delivery taking place in the future. The payment obligation and the interest rate are fixed at the time the Fund enters into the commitment. No income accrues on such securities until the date the Fund actually takes delivery of the securities.
In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund engages in active and frequent trading of portfolio securities.
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AUBFX - Performance

Return Ranking - Trailing

Period AUBFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -59.5% 0.9% 58.74%
1 Yr 0.6% -15.5% 19.7% 43.75%
3 Yr -6.7%* -4.3% 4.2% 17.41%
5 Yr -0.3%* -2.5% 4.1% 19.15%
10 Yr 0.0%* -3.0% 2.7% 37.71%

* Annualized

Return Ranking - Calendar

Period AUBFX Return Category Return Low Category Return High Rank in Category (%)
2023 -17.9% -15.2% 0.9% 25.00%
2022 -6.0% -10.9% 12.2% 32.99%
2021 6.4% -10.8% 14.8% 2.60%
2020 7.9% -15.3% 0.6% 76.88%
2019 -6.7% -44.4% 14.4% 47.85%

Total Return Ranking - Trailing

Period AUBFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -59.5% 0.9% 56.80%
1 Yr 0.6% -16.6% 30.5% 38.86%
3 Yr -6.7%* -5.2% 10.9% 17.39%
5 Yr -0.3%* -2.8% 7.4% 19.07%
10 Yr 0.0%* -3.0% 3.6% 37.57%

* Annualized

Total Return Ranking - Calendar

Period AUBFX Return Category Return Low Category Return High Rank in Category (%)
2023 -16.7% -15.2% 0.9% 25.00%
2022 -4.0% -10.9% 12.2% 32.99%
2021 9.6% -10.8% 14.8% 2.60%
2020 10.3% -15.3% 3.8% 44.51%
2019 -3.9% -44.4% 14.4% 34.36%

NAV & Total Return History


AUBFX - Holdings

Concentration Analysis

AUBFX Category Low Category High AUBFX % Rank
Net Assets 24.6 M 74.5 K 14.7 B 87.25%
Number of Holdings 408 4 4562 46.45%
Net Assets in Top 10 6.94 M -112 M 3.66 B 65.88%
Weighting of Top 10 26.72% 4.7% 100.0% 57.21%

Top 10 Holdings

  1. U.S. Treasury Notes/Bonds 5.13%
  2. French Republic Government Bond OAT 3.44%
  3. New Zealand Government Bond 2.83%
  4. Bundesobligation 2.68%
  5. Bundesrepublik Deutschland Bundesanleihe 2.55%
  6. U.S. Treasury Notes/Bonds 2.32%
  7. Japan Government Bond 2.09%
  8. Japan Government Bond, Series 361 1.98%
  9. Japan Government Bond 1.87%
  10. Bundesschatzanweisungen 1.83%

Asset Allocation

Weighting Return Low Return High AUBFX % Rank
Bonds
97.34% 0.00% 220.33% 1.90%
Cash
3.12% -130.07% 95.62% 96.68%
Stocks
1.47% 0.00% 7.47% 46.92%
Convertible Bonds
1.19% 0.00% 11.19% 57.82%
Preferred Stocks
0.00% 0.00% 2.87% 27.49%
Other
-0.08% -9.71% 100.00% 29.38%

Stock Sector Breakdown

Weighting Return Low Return High AUBFX % Rank
Utilities
0.00% 0.00% 91.33% 67.88%
Technology
0.00% 0.00% 21.64% 67.24%
Real Estate
0.00% 0.00% 3.17% 66.81%
Industrials
0.00% 0.00% 11.80% 67.24%
Healthcare
0.00% 0.00% 9.46% 67.45%
Financial Services
0.00% 0.00% 100.00% 73.88%
Energy
0.00% 0.00% 100.00% 44.11%
Communication Services
0.00% 0.00% 56.19% 69.16%
Consumer Defense
0.00% 0.00% 34.30% 66.17%
Consumer Cyclical
0.00% 0.00% 27.00% 67.24%
Basic Materials
0.00% 0.00% 100.00% 71.52%

Stock Geographic Breakdown

Weighting Return Low Return High AUBFX % Rank
US
1.47% 0.00% 6.55% 41.23%
Non US
0.00% 0.00% 1.77% 25.59%

Bond Sector Breakdown

Weighting Return Low Return High AUBFX % Rank
Government
38.58% 0.30% 99.47% 55.77%
Corporate
25.51% 0.00% 98.62% 28.85%
Securitized
6.46% 0.00% 52.02% 35.10%
Cash & Equivalents
3.12% 0.00% 95.62% 89.90%
Municipal
0.41% 0.00% 7.95% 8.65%
Derivative
-0.08% 0.00% 74.77% 22.60%

Bond Geographic Breakdown

Weighting Return Low Return High AUBFX % Rank
Non US
54.19% 0.00% 112.80% 49.29%
US
43.15% -5.52% 107.53% 15.64%

AUBFX - Expenses

Operational Fees

AUBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.02% 3.65% 95.22%
Management Fee 0.27% 0.00% 2.08% 4.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

AUBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AUBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AUBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 6.00% 354.00% 72.96%

AUBFX - Distributions

Dividend Yield Analysis

AUBFX Category Low Category High AUBFX % Rank
Dividend Yield 0.44% 0.00% 17.40% 22.75%

Dividend Distribution Analysis

AUBFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

AUBFX Category Low Category High AUBFX % Rank
Net Income Ratio 0.74% -1.08% 5.77% 85.29%

Capital Gain Distribution Analysis

AUBFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AUBFX - Fund Manager Analysis

Managers

James Ong


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

James Ong is a Senior Macro Strategist and a Derivative Portfolio Manager for Invesco Fixed Income (IFI). Mr. Ong contributes economic and market analysis to the macro research platform, in addition to leading the IFI derivative strategy and overseeing derivatives held in IFI portfolios. Mr. Ong began his investment career in 2001. Prior to joining Invesco in 2014, he was a senior vice president, a senior portfolio manager and a senior trader at Hartford Investment Management Company. Mr. Ong earned his BA degree in economics from Middlebury College. He is a Chartered Financial Analyst® (CFA) charterholder.

Noelle Corum


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Noelle Corum, Portfolio Manager, has been associated with Invesco and/or its affiliates since 2010.

Jay Raol


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Jay Raol, Portfolio Manager, has been associated with Invesco and/or its affiliates since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67