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Is Invesco Corporate Bond A Fund (ACCBX) Worth Another Look?

ACCBX

Trades from $3

Invesco Corporate Bond A (ACCBX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in September 1971 and is managed by Van Kampen Asset Management. The objective of ACCBX is to seek current income with preservation of capital and to seek capital appreciation. ACCBX invests at least 80% of its net assets in corporate bonds at the time of investment. ACCBX may invest up to 20% of its total assets in convertible securities, which includes convertible bonds as well as convertible preferred stocks. ACCBX may also invest up to 10% of its total assets in preferred stocks.

Invesco Corporate Bond A, managed by Invesco, carries an expense ratio of 0.90%. Moreover, ACCBX requires a minimal initial investment of $1,000.

ACCBX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 10.09%, 3 year 6.12% and 5 year 5.86%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

ACCBX’s performance, as of the last filing, when compared to funds in its category was in the top 4% in 1 year, top 5% over the past 3 years, and in the 5% over the past 5 years.

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