Fund Evaluator:
Invesco Core Bond A (OPIGX)
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Fund Details
Invesco Core Bond A Overview
Invesco Core Bond A (OPIGX) is an actively managed Taxable Bond Intermediate Core Bond fund. Invesco launched the fund in 1988.
The investment seeks total return. 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. The fund invests in securities that are rated investment-grade at the time of purchase.
About Invesco Core Bond A (OPIGX)
There are 3 members of the management team with an average tenure of 6.82 years: Michael Hyman (2019), Matthew Brill (2020), Todd Schomberg (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Credit TR USD index with a weighting of 100%. Invesco Core Bond A has 2092 securities in its portfolio. The top 10 holdings constitute 42.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Core Bond A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Invesco Core Bond A has 14.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 8.4%. There is -0.0% allocated to foreign stock, and 1.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 109.9% (95.7% domestic bond, 14.1% foreign bond and 0.5% convertible bond). Invesco Core Bond A has -20.2% of the portfolio in cash.
Assets Under Management
The fund has $623 million in total assets, which is below the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OPIGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Core Bond A expense ratio is above average compared to funds in the Intermediate Core Bond category. Invesco Core Bond A has an expense ratio of 0.74%, which is 31% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Core Bond A has a portfolio turnover rate of 627%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of August 2026, Invesco Core Bond A returned 0.3%, which earned it a grade of C, as the Intermediate Core Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Invesco Core Bond A has a trailing yield of 4.15%, which is above the 4.04% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Core Bond A Grades
Year to date, the fund has returned -0.3%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 1.6% over the past year (grade of C), 4.2% over the past three years (grade of B) and -0.6% per year over the past five years (grade of D) and 1.5% per year over the past 10 years (grade of C).
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OPIGX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OPIGX Return (NAV) | 0.3% | -0.8% | 1.6% | 4.2% | -0.6% | 1.5% |
| OPIGX Grade | C | C | C | B | D | C |
| +/- Category | 0.0% | -0.0% | -0.1% | 0.1% | -0.3% | 0.1% |
| Intermediate Core Bond Avg | 0.3% | -0.8% | 1.6% | 4.0% | -0.4% | 1.4% |
| OPIGX Tax Cost Ratio | na | na | 1.6% | 1.7% | 1.6% | 1.5% |
OPIGX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OPIGX Return (NAV) | -0.3% | 6.6% | 2.1% | 5.2% | -14.1% | -1.6% | 9.2% | 9.5% | -1.1% | 4.3% | 2.7% |
| OPIGX Grade | C | F | A | D | D | C | B | A | F | A | C |
| +/- Category | 0.1% | -0.5% | 0.6% | -0.4% | -0.9% | -0.1% | 1.1% | 1.0% | -0.7% | 0.7% | -0.0% |
| Intermediate Core Bond Avg | -0.4% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.7% |
| Total Risk Index: | 0.47 - Low |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (73% Rank) |
| Beta: | 1.01 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2829 Mil |
| Fund Total Assets: | $ 624 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 627% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.2 years | |||
| Average Tenure: 6.8 years | |||
| Managers (Year): Hyman Michael (2019), Brill Matthew (2020), Schomberg Todd (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 2092 |
| % in Top 10 Holdings: | 42.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.1% |
Portfolio Allocation |
|
| Domestic Stock: | 8.4% |
| Foreign Stock: | -0.0% |
| Preferred Stock: | 1.4% |
| Domestic Bond: | 95.7% |
| Foreign Bond: | 14.1% |
| Convertible Bond: | 0.5% |
| Other: | 0.0% |
| Cash: | -20.2% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com |
| Status: | Open |
| Inception Date: | April 15, 1988 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 4.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.74% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.56% |
| Share Class: | Invesco Core Bond A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
