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Trending ETFs

Name

As of 04/22/2024

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

Invesco Core Bond Fund

OPBNX | Fund

$5.50

$1.84 B

0.00%

1.07%

Vitals

YTD Return

-2.4%

1 yr return

0.0%

3 Yr Avg Return

-4.3%

5 Yr Avg Return

-0.2%

Net Assets

$1.84 B

Holdings in Top 10

37.1%

52 WEEK LOW AND HIGH

$5.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

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

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/22/2024

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

Invesco Core Bond Fund

OPBNX | Fund

$5.50

$1.84 B

0.00%

1.07%

OPBNX - Profile

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -4.3%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Core Bond Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Mar 01, 2001
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Hyman

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in investment-grade debt securities (generally referred to as “bonds”), and in derivatives and other instruments that have economic characteristics similar to such securities. Debt securities can include:
■ 
Domestic and foreign corporate debt obligations;
■ 
Domestic and foreign government debt obligations, including U.S. Government securities;
■ 
Mortgage-related securities;
■ 
Asset-backed securities; and
■ 
Other debt obligations.
The portfolio managers’ overall strategy is to seek to build a diversified portfolio of corporate and government bonds. The Fund’s investments in U.S. Government securities may include securities issued or guaranteed by the U.S. Government or its agencies or federally-chartered entities referred to as “instrumentalities.” There is no required allocation of the Fund’s assets among the above classes of securities, but the Fund focuses mainly on U.S. Government securities and investment-grade corporate debt securities. Some of the U.S Government securities that are issued directly by the U.S. Treasury that the Fund may invest in are: Treasury bills (having maturities of one year or less when issued), Treasury notes (having maturities of one to ten years when issued), Treasury bonds (having maturities of more than ten years when issued) and Treasury Inflation-Protection Securities (TIPS). When market conditions change, the portfolio managers might change the Fund’s relative asset allocation.
The Fund invests in securities that are rated investment-grade at the time of purchase. Investment-grade securities are considered to be those instruments that are rated BBB- or higher by S&P Global Ratings (S&P), or
Baa3 or higher by Moody’s Investors Service (Moody’s), or the equivalent by another nationally recognized statistical rating organization (NRSRO). If two or more nationally recognized statistical rating organizations have assigned different ratings to a security, the investment adviser uses the highest rating assigned. The Fund may also invest in unrated securities, in which case the Fund’s investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), may internally assign ratings to certain of those securities, after assessing their credit quality, in investment-grade 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 a NRSRO. The Fund may also invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions and securities exempt from registration under the Securities Act of 1933, as amended (Securities Act), such as those contained in Rule 144A promulgated under the Securities Act.
The Fund has no limitations on the range of maturities of the debt securities in which it can invest and may hold securities with short-, medium- or long-term maturities. The maturity of a security differs from its effective duration, which attempts to measure the expected volatility of a security’s price to interest rate changes. For example, if a bond has an effective duration of three years, a 1% increase in general interest rates would be expected to cause the bond’s value to decrease about 3%. To try to decrease volatility, the Fund seeks to maintain a weighted average effective portfolio duration within +/- two years of the duration of the Bloomberg U.S. Aggregate Bond Index, measured on a dollar-weighted basis using the effective duration of the securities included in the portfolio and the amount invested in each of those securities. However, the duration of the portfolio might not meet that target at all times including due to market events or interest rate changes that cause debt securities to be repaid more rapidly or more slowly than expected.
The Fund may invest a portion of its assets in foreign debt securities, including securities issued by foreign governments or companies in both developed and emerging markets. The Fund may not invest more than 20% of its net assets in foreign debt securities.
The Fund may also use derivatives to seek increased returns or to increase or decrease its exposure to certain markets or to manage investment risks. The Fund is not required to use derivatives in seeking its investment objective or for hedging and might not do so. Futures, swaps, forward contracts, options, and “structured” notes are examples of some of the types of derivatives the Fund can use.
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 Fund may also engage in “to be announced” (TBA) transactions, which are transactions in which a fund buys or sells mortgage-backed securities on a forward commitment basis. The Fund may engage in short sales of TBA mortgages, including short sales on TBA mortgages the Fund does not own.
The Fund may hold a portion of its assets in cash and cash equivalent instruments, including affiliated money market funds, as margin or collateral for the Fund's obligations under the TBA transactions, or for cash management purposes.
In selecting investments for the Fund, the portfolio managers analyze the overall investment opportunities and risks in different sectors of the debt securities markets by focusing on business cycle analysis and relative values between the corporate and government sectors. The Fund mainly seeks income earnings on the Fund’s investments plus capital appreciation that may arise from decreases in interest rates, from improving credit fundamentals for a particular sector or security or from other investment techniques.
The Fund may sell securities that the portfolio managers believe no longer meet the above criteria.
In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
The Fund's credit research process considers factors that may include, but are not limited to, an issuer’s operations, capital structure and environmental, social and governance (ESG) considerations. Credit quality analysis for certain issuers therefore may consider whether any ESG factors pose a material financial risk or opportunity to an issuer. The Adviser may determine that ESG considerations are not material to certain issuers or types of investments held by the Fund. In addition, not all issuers or investments in the Fund may undergo a credit quality analysis that considers ESG factors, and not all investments held by the Fund will rate strongly on ESG criteria.
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OPBNX - Performance

Return Ranking - Trailing

Period OPBNX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -12.6% 2.8% 30.16%
1 Yr 0.0% -10.7% 10.2% 49.55%
3 Yr -4.3%* -11.1% 24.6% 79.14%
5 Yr -0.2%* -7.0% 190.4% 70.03%
10 Yr 1.2%* -2.6% 73.3% 47.76%

* Annualized

Return Ranking - Calendar

Period OPBNX Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -16.2% 8.1% 85.96%
2022 -16.6% -34.7% 131.9% 70.50%
2021 -3.1% -11.6% 4.4% 40.76%
2020 0.6% -10.1% 946.1% 95.61%
2019 6.1% -1.7% 16.9% 31.27%

Total Return Ranking - Trailing

Period OPBNX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -12.6% 2.8% 30.16%
1 Yr 0.0% -10.7% 10.2% 49.55%
3 Yr -4.3%* -11.1% 24.6% 79.14%
5 Yr -0.2%* -7.0% 190.4% 70.03%
10 Yr 1.2%* -2.6% 73.3% 47.76%

* Annualized

Total Return Ranking - Calendar

Period OPBNX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -11.3% 11.0% 58.96%
2022 -14.1% -32.2% 131.9% 68.16%
2021 -1.6% -9.4% 9.2% 71.97%
2020 8.9% -1.9% 1009.0% 36.33%
2019 9.5% 1.1% 21668.0% 32.65%

NAV & Total Return History


OPBNX - Holdings

Concentration Analysis

OPBNX Category Low Category High OPBNX % Rank
Net Assets 1.84 B 2.9 M 314 B 44.46%
Number of Holdings 947 1 17889 40.41%
Net Assets in Top 10 690 M -106 M 36.5 B 36.87%
Weighting of Top 10 37.06% 4.4% 134.1% 21.76%

Top 10 Holdings

  1. U.S. Treasury Notes/Bonds 5.10%
  2. Uniform Mortgage-Backed Securities, TBA 4.43%
  3. U.S. Treasury Notes/Bonds 4.42%
  4. Uniform Mortgage-Backed Securities, TBA 3.76%
  5. Uniform Mortgage-Backed Securities, TBA 3.62%
  6. U.S. Treasury Notes/Bonds 3.43%
  7. Government National Mortgage Association, TBA 3.23%
  8. Uniform Mortgage-Backed Securities 3.22%
  9. Uniform Mortgage-Backed Securities, TBA 2.93%
  10. Invesco Treasury Portfolio, Institutional Class 2.92%

Asset Allocation

Weighting Return Low Return High OPBNX % Rank
Bonds
116.24% 0.00% 215.98% 7.95%
Cash
7.19% -54.51% 79.52% 21.24%
Other
2.85% -13.23% 50.66% 60.67%
Convertible Bonds
1.75% 0.00% 7.93% 38.81%
Preferred Stocks
0.31% 0.00% 74.68% 12.98%
Stocks
0.00% 0.00% 99.93% 79.00%

Bond Sector Breakdown

Weighting Return Low Return High OPBNX % Rank
Securitized
40.09% 0.00% 98.40% 23.07%
Corporate
38.51% 0.00% 100.00% 26.14%
Government
12.74% 0.00% 86.23% 79.60%
Cash & Equivalents
7.19% 0.00% 76.23% 22.12%
Municipal
0.51% 0.00% 100.00% 46.04%
Derivative
-0.12% -3.37% 50.66% 92.23%

Bond Geographic Breakdown

Weighting Return Low Return High OPBNX % Rank
US
116.24% 0.00% 215.98% 6.59%
Non US
0.00% 0.00% 39.04% 80.24%

OPBNX - Expenses

Operational Fees

OPBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.01% 39.10% 23.49%
Management Fee 0.34% 0.00% 1.76% 43.20%
12b-1 Fee 0.50% 0.00% 1.00% 74.39%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

OPBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OPBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

OPBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 88.75%

OPBNX - Distributions

Dividend Yield Analysis

OPBNX Category Low Category High OPBNX % Rank
Dividend Yield 0.00% 0.00% 10.26% 32.78%

Dividend Distribution Analysis

OPBNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Annually Annually

Net Income Ratio Analysis

OPBNX Category Low Category High OPBNX % Rank
Net Income Ratio 0.97% -1.28% 4.79% 89.25%

Capital Gain Distribution Analysis

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

Distributions History

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OPBNX - Fund Manager Analysis

Managers

Michael Hyman


Start Date

Tenure

Tenure Rank

Jun 21, 2019

2.95

3.0%

Michael Hyman is Chief Investment Officer, Global Investment Grade & Emerging Markets for Invesco Fixed Income. He joined Invesco in 2013 and entered the industry in 1991. Previously, Mr. Hyman was with ING Investment Management and ING Institutional Markets for 12 years. At ING, he was the head of investment grade corporate credit, responsible for investment grade corporate credit as well as collaterized loan obligation and synthetic collateralized debt obligation investment portfolios. Mr. Hyman earned a BSE degree in finance from Pennsylvania State University and an MBA from NYU.

Matthew Brill


Start Date

Tenure

Tenure Rank

Jan 14, 2020

2.38

2.4%

Matt Brill is Head of North America Investment Grade for Invesco Fixed Income. Mr. Brill joined Invesco in 2013 as a senior portfolio manager. Prior to joining the firm, he was a portfolio manager and vice president at ING Investment Management, where he specialized in investment-grade credit and commercial mortgage-backed securities. Before that, he was a portfolio analyst at Wells Real Estate Funds. Mr. Brill has been in the industry since 2002. Mr. Brill earned a BA degree in economics at Washington and Lee University. He is a Chartered Financial Analyst® (CFA) charterholder

Todd Schomberg


Start Date

Tenure

Tenure Rank

Jan 14, 2020

2.38

2.4%

Todd Schomberg has been associated with Invesco and/or its affiliates since 2016. From 2008 to 2016, he served as a Portfolio Manager and Vice President at Voya Investment Management

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16