Important information

  • The Fund invests primarily in non-investment grade debt securities (including convertible debt or unrated debt securities) issued by US issuers.
  • Investors should note the contingent convertibles risk, risk of investing convertibles/convertible bonds/convertible debts, concentration risk of investing in debt securities issued by US issuers, currency exchange risk, credit rating risk, volatility risk, and general investment risk.
  • Investment in bonds or other fixed income securities is subject to (a) interest rate risk (b) credit risk (including default risk, downgrading risk and liquidity risk) and (c) risks relating to high yield bonds/non-investment grade bonds and/or un-rated bonds .
  • Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments.  Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.
  • For certain share class(es), the Fund may at discretion pay dividend out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. (Note 1)
  • In addition, investors of Monthly Distribution-1 share class that are currency hedged (MD-1 hedged) should be aware of the uncertainty of relative interest rates. The net asset value of the MD-1 hedged may fluctuate and may significantly differ from other share class due to fluctuation of the interest rate differential between the currency in which the MD-1 hedged is denominated and the base currency of the Fund and may result in a greater erosion of capital than other non-hedged share class. (Note 2)
  • The value of the Fund can be volatile and could go down substantially.
  • Investors should not base their investment decision on this material alone.
  • Invesco US High Yield Bond Fund

NAV (18/10/2019)

13.5967 USD

12 months
Low High
12.3448 13.6486

Fund performance chart

Cumulative Performance

Last update date: 31/08/2019
  YTD 3M 6M 1Y 3Y 5Y Since Launch~
Share Class 9.09% 1.77% 2.54% 4.24% 11.55% 13.79% 35.46%
Index^ 11.00% 3.27% 4.46% 6.56% 19.68% 26.77% 56.21%

Calendar Year Performance

Last update date: 31/12/2018
2018 2017 2016 2015 2014
Share Class -3.72% 5.44% 10.48% -4.51% 0.91%
Index^ -2.08% 7.50% 17.13% -4.43% 2.46%

+ Annualized dividend (%) = (Rate/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the fund's net asset value may fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions below USD 50 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. Positive distribution yield does not imply a positive return.

^ Reference Index: Barclays US Corporate HY 2% Issuer Cap TR USD

~For share class's launch date, please refer to Fund Details section.

Fund Objective

Aims at achieving high income and long-term capital growth by investing in non-investment grade debt securities from US issuers. Non-USD investments are intended to be hedged back into USD at the Investment Adviser’s discretion.

Key Facts

Launch Date 27/06/2012
Fund Size USD 45.04mn (as of 31/08/2019)
Management Fee 1.25%
Minimum investment USD 1,500
Initial Charge (up to) 5.00%
Fund Manager Andrew Geryol, Scott Roberts, Joseph Portera
Bloomberg Code INUHAAU LX
ISIN Code LU0794787761

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How To Buy

Important information

Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Asset Management Asia Limited (景順投資管理亞洲有限公司). 

All data (including fund and reference index performances) is sourced from Invesco unless otherwise stated.

Performance of the share class is calculated based on NAV to NAV, gross income re-invested in share class currency.