Download Invesco Short Term Bond Fund fact sheet

STB-PC-1_FactSheet 7/12/2017 5:06 PM Page 1
Mutual Fund Retail Share Classes
Data as of June 30, 2017
Invesco Short Term Bond Fund
Short-term taxable investment grade
An actively managed short-term bond strategy for investors seeking monthly
income, limited interest rate risk and total return opportunities.
Investment Objective
The fund seeks total return, comprised of current
income and capital appreciation.
Performance of a $10,000 Investment
Portfolio Management
Matthew Brill, Chuck Burge, Michael Hyman, Robert
Waldner
Class A shares at NAV (June 30, 2007 – June 30, 2017)
• Invesco Short Term Bond Fund - $11,794
$20,000
Fund Facts
Nasdaq
A: STBAX C: STBCX Y: STBYX
R: STBRX R6: ISTFX R5: ISTBX
Total Net Assets
$1,507,432,133
Total Number of Holdings
372
Annual Turnover (as of 02/28/17)
294%
Distribution Frequency
Monthly
Distribution Accrual
Daily
Expense Ratios
% Net
$10,000
0
6/07
6/08
6/09
6/10
6/11
6/12
6/13
Class A Shares
0.66
0.67
Investment Results
Class C Shares
Class Y Shares
1.01
0.51
1.17
0.52
Average Annual Total Returns (%) as of June 30, 2017
Class A Shares
Class C Shares
Inception:
Inception:
04/30/04
08/30/02
Per the current prospectus
Net = Total annual operating expenses less any contractual fee
waivers and/or expense reimbursements by the adviser in effect
through at least June 30, 2018. See current prospectus for
more information.
30-Day SEC Yields
Class A Shares
Class C Shares
Class Y Shares
1.69
1.39
1.89
Had fees not been waived and/or expenses reimbursed, the SEC
yields would have been 1.68% for Class A shares, 1.23% for
Class C shares and 1.88% for Class Y shares.
Investment Categories (%)
Government Bonds
US Treasuries
Corporate Bonds
US Investment Grade Bonds
US High Yield Bonds
Securitized Debt
US Residential Mortgages
US CMBS
US Asset-Backed Securities
Municipal Bonds
Non-US Debt
Non-US Investment Grade Bonds
Non-US High Yield Bonds
Emerging Markets Debt
Sovereign Debt
Cash
May not equal 100% due to rounding.
6/14
6/15
6/16
6/17
% Total
11.70
46.70
4.00
3.30
5.80
2.10
Period
Inception
10 Years
5 Years
3 Years
1 Year
Quarter
Max
Load
2.50% NAV
1.83 2.03
1.41 1.66
1.27 1.78
0.74 1.58
-0.82 1.71
-1.81 0.70
NAV
1.83
1.34
1.40
1.23
1.23
0.50
Class Y Shares
Inception:
10/03/08
Style-Specific
Index
NAV
1.79
1.94
1.73
1.86
0.74
Bloomberg
Barclays 1-3
Year
Government /
Credit Index
2.30
0.95
0.95
0.35
0.31
Performance quoted is past performance and cannot guarantee comparable future results; current performance
may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Performance
figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value
will vary, and you may have a gain or a loss when you sell shares. Performance shown at NAV does not include
applicable contingent deferred sales charges (CDSC) or front-end sales charges, which would have reduced the
performance. Class C shares are sold without initial sales charge and are not subject to a CDSC; however, they are
subject to other fees and expenses described in the fund prospectus. Because Class C shares have no sales
charge; performance is at NAV. Class Y shares have no sales charge; therefore, performance is at NAV.
Performance shown prior to the inception dates of Class Y shares is that of Class C shares and includes the 12b-1
fees applicable to Class C shares. Returns less than one year are cumulative; all others are annualized. Fund
performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees
and/or reimbursed expenses currently or in the past, returns would have been lower. See current prospectus for
more information. Index returns do not reflect any fees, expenses, or sales charges.
Index source: FactSet Research Systems Inc.
Calendar Year Total Returns (%)
8.80
3.40
7.80
1.80
4.60
Class A Shares at NAV
2007
2008
2009
3.98
-4.92
4.75
2010
3.18
2011
0.91
2012
4.21
2013
1.18
2014
1.00
2015
0.56
2016
2.85
YTD
1.41
Class Y shares are available only to certain investors. See the prospectus for more information.
The Bloomberg Barclays 1–3 Year Government/Credit Index is an unmanaged index that is considered representative of
performance of short-term U.S. corporate bonds and U.S. government bonds with maturities from one to three years. An
investment cannot be made directly in an index.
Effective duration is a modified duration calculation which incorporates the expected duration-shortening effect of an issuer's
embedded call provision. Weighted average effective maturity (WAM) is a measure, as estimated by the fund’s portfolio
managers, of the length of time the average security in a bond fund will mature or be redeemed by its issuer. It takes into account
mortgage prepayments, puts, adjustable coupons and potential call dates.
STB-PC-1_FactSheet 7/12/2017 5:06 PM Page 2
Overall Morningstar Rating™
(Class A shares as of
June 30, 2017)
AAA
Ratings are based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance, placing more emphasis on
downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population
for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of
three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. Had fees not been waived and/or
expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Class A shares received 3 stars for the overall, 4 stars
for the three years, 4 stars for the five years and 2 stars for the 10 years. The fund was rated among 450, 450, 376 and 261 funds within the
Morningstar Short-Term Bond Category for the overall period, three, five and 10 years, respectively.
Source: ©2017 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not
warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is
no guarantee of future results. Ratings are as of the most recent quarter end and are subject to change every month. The top 10% of funds in a category receive five stars, the next 22.5% four
stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings for other share classes may differ due to different performance characteristics.
Morningstar Rankings
Quality Breakdown (% Total)
Class A Shares vs. Morningstar Short-Term Bond
Category
1 Year
26% (131 of 514)
3 Years
21% (95 of 450)
5 Years
24% (90 of 376)
10 Years
79% (208 of 261)
Source: Morningstar Inc. Morningstar rankings are based on
total return, excluding sales charges and including fees and
expenses versus all funds in the Morningstar category. Openend mutual funds and exchange-traded funds are considered a
single population for comparison purposes. Had fees not been
waived and/or expenses reimbursed currently or in the past,
the ranking would have been lower.
Top 10 Holdings
(% of Total Net Assets)
U.S. Treasury Note (1.25) 05/31/19
U.S. Treasury Note (1.5) 06/15/20
U.S. Treasury Note (1.75) 05/31/22
Charter Comm Opt LLC Cap (3.579)
07/23/20
MPLX LP (5.5) 02/15/23
Costco Wholesale Corp. (2.15)
05/18/21
Anheuser-Busch InBev (6.875)
11/15/19
Kinder Morgan Ener Part (5.95)
02/15/18
Sprint Spectrum Spec I 144A (3.36)
03/20/23
Delta Air Lines Inc. (2.875) 03/13/20
8.29
1.77
1.67
1.36
1.35
1.33
1.20
1.13
1.10
1.07
Cash
AAA
AA
A
BBB
BB
3.90
22.90
3.60
19.80
39.70
6.20
B
Not Rated
3.40
0.50
Ratings source: Standard & Poor's, Moody's or Fitch, as applicable. A credit rating is an assessment provided by a nationally
recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including
specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA
(highest) to D (lowest); ratings are subject to change without notice. If securities are rated differently by the rating agencies, the
higher rating is applied. Not Rated indicates the debtor was not rated and should not be interpreted as indicating low quality. A
negative in Cash indicates fund activity that has accrued or is pending settlement. For more information on the rating
methodology, please visit www.standardandpoors.com and select 'Understanding Ratings' under Rating Resources on the
homepage; www.moodys.com and select 'Rating Methodologies' under Research and Ratings on the homepage;
www.fitchratings.com and select 'Ratings Definitions' on the homepage.
About Risk
An issuer may be unable to meet interest and/or
principal payments, thereby causing its instruments to
decrease in value and lowering the issuer’s credit
rating.
Derivatives may be more volatile and less liquid
than traditional investments and are subject to market,
interest rate, credit, leverage, counterparty and
management risks. An investment in a derivative could
lose more than the cash amount invested.
The risks of investing in securities of foreign
issuers, including emerging markets, can include
fluctuations in foreign currencies, political and
economic instability, and foreign taxation issues.
Junk bonds have greater risk of default or price
changes due to changes in the issuer’s credit quality.
Junk bond values fluctuate more than high quality
bonds and can decline significantly over a short time.
Interest rate risk refers to the risk that bond prices
generally fall as interest rates rise and vice versa.
Mortgage- and asset-backed securities are subject
to prepayment or call risk, which is the risk that the
borrower’s payments may be received earlier or later
than expected due to changes in prepayment rates on
underlying loans. Securities may be prepaid at a price
less than the original purchase value.
The fund is subject to certain other risks. Please
see the current prospectus for more information
regarding the risks associated with an investment in
the fund.
Holdings are subject to change and are not buy/sell
recommendations.
Bond Holding Statistics
Weighted Average Effective Maturity
(years)
Effective Duration
3.36
2.13
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses.
For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus.
Note: Not all products available at all firms. Advisors, please contact your home office.
All data provided by Invesco unless otherwise noted.
Invesco Short Term Bond Fund
52
STB-PC-1
07/17
invesco.com/us
Invesco Distributors, Inc.