14 important things you should know about Invesco ACCBX mutual fund

Updated: June 27, 2020
22

Before we start: if you’re looking for ACCBX “stock” price, you can quickly find it out by visiting Finny and typing "ACCBX quote". If you’re looking for a quick scoop on ACCBX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ACCBX". You’ll get all this info in one place.

Are you looking to buy or sell ACCBX? Or perhaps you’re looking for ACCBX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ACCBX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ACCBX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ACCBX buy or sell; the pros and cons of investing in ACCBX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ACCBX.

And here is the list of questions we’ll answer:

  1. Describe AIM Investment Securities Funds (Invesco Investment Securities Funds): Invesco Corporate Bond Fund; Cl A Shs (ACCBX).
  2. What are ACCBX holdings?
  3. What is ACCBX performance? What are ACCBX historical returns?
  4. How many up and down years did ACCBX have historically?
  5. What is ACCBX dividend yield?
  6. What is ACCBX minimum initial investment amount?
  7. What is ACCBX expense ratio?
  8. Does ACCBX have any sales loads or 12b-1 distribution expenses?
  9. What is ACCBX tax efficiency (tax-cost ratio)?
  10. What is ACCBX beta? How would you assess ACCBX risk?
  11. What is ACCBX Sharpe ratio?
  12. What is ACCBX Finny Score? ACCBX buy or sell?
  13. What are the pros of investing in ACCBX? What are ACCBX buy reasons?
  14. What are the cons of investing in ACCBX? What are ACCBX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AIM Investment Securities Funds (Invesco Investment Securities Funds): Invesco Corporate Bond Fund; Cl A Shs (ACCBX).

The Fund seeks current income with preservation of capital with capital appreciation as a secondary objective. The Fund invests in a diversified portfolio of corporate debt securities. The Fund may invest up to 20% of its total assets in convertible securities and up to 10% of its total assets in preferred stocks.

2. What are ACCBX top holdings?

ACCBX has 18 stock holdings and 645 bond holdings.

The top 8 holdings represent 10.67% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bonds 2.25% N/A 3.77%
Corning Incorporated 5.45% N/A 1.55%
United States Treasury Notes 1.75% N/A 1.08%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- WFCPL 1.06%
Continental Resources, Inc. 5% N/A 0.96%
Aviation Capital Group LLC 3.5% N/A 0.80%
Hyndai Capital America 4.3% N/A 0.77%
Plains All American Pipeline L.P./PAA Finance Corp. 3.55% N/A 0.68%

3. What is ACCBX performance? What are ACCBX historical returns?

ACCBX has generated the following returns:

  • 1-month return is 0.26%;
  • 3-month return is -5.37%;
  • 1-year return is 5.39%;
  • 3-year return is 3.91%;
  • 5-year return is 4.06%;
  • 10-year return is 5.14%;
  • 15-year return is 5.12%.

4. How many up and down years did ACCBX have historically?

In the last 10 years, ACCBX had 7 up years and 3 down years.

5. What is ACCBX dividend yield?

ACCBX yield is 3.67%.

6. What is ACCBX minimum initial investment amount?

ACCBX minimum initial investment amount is $1.00K.

7. What is ACCBX expense ratio?

ACCBX expense ratio is 0.83%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ACCBX have any sales loads or 12b-1 distribution expenses?

ACCBX 12b-1 distribution fee is 0.25. ACCBX front-end sales load is 4.25. ACCBX back-end sales load is 0.

9. What is ACCBX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.41%;
  • 3-year ax cost ratio is 1.6%.

10. What is ACCBX beta? How would you assess ACCBX risk?

  • 3-year beta is 1.15;
  • 5-year beta is 1.17;
  • 10-year beta is 1.20;
  • 15-year beta is 1.34.

11. What is ACCBX Sharpe ratio?

  • 3-year Sharpe ratio is 0.23;
  • 5-year Sharpe ratio is 0.34;
  • 10-year Sharpe ratio is 0.81.

Analysis

12. What is ACCBX Finny Score? ACCBX buy or sell?

ACCBX Finny Score is 22. Our quantitative analysis shows 2 reasons to buy ACCBX and 7 reasons to sell it, resulting in the Finny Score of 22.

13. What are the pros of investing in ACCBX? What are ACCBX buy reasons?

The following are ACCBX strengths from our perspective:

  • ACCBX 5-year return is 4.06%, which is in line with the 5-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 4.24%.
  • ACCBX 10-year return is 5.14%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 4.94%.

14. What are the cons of investing in ACCBX? What are ACCBX negatives?

The following are ACCBX weaknesses from our perspective:

  • ACCBX 3-year return is 3.91%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Credit TR USD), 5.12%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 4.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
  • ACCBX expense ratio is 0.83%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ACCBX 3-year Beta is 1.15, which is higher than the index (BBgBarc US Agg Bond TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • ACCBX 5-year Beta is 1.17, which is higher than the index (BBgBarc US Agg Bond TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • ACCBX 10-year Beta is 1.2, which is higher than the index (BBgBarc US Agg Bond TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
  • ACCBX 15-year Beta is 1.34, which is higher than the index (BBgBarc US Agg Bond TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the ACCBX review, we covered ACCBX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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