Invesco Fundamental IG Corporate Bond
ALTAR
Score™
2.0% info Median Credit
S&P/Moody's
BBB+/Baa1
 
Yield to
Maturity
2.4% Current
Yield
3.3%
Macaulay
Duration
4.6 yrs Modified
Duration
4.5%


  • Description
  • Performance
  • Fundamentals
  • Rate Sensitivity
  • Rating
Invesco Fundamental Investment Grade Corporate Bond Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the RAFIŽ Investment Grade Bond Index (the "Underlying Index").

FUND BASICS
Category Corporate
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Sep 15, 2011
Assets (mns) $91
Currency USD
Expense ratio 22 bp
Distributions Monthly

FUND STRUCTURE
Regulation Unknown
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Unknown

ISSUER TYPE BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents 612
No of distinct issuers 391
Inflation protected 0%
Variable/Fixed coupon 1% /99%
Non-standard maturity (callable, etc.) 66%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO. 3.0% 1/01/26 0.5 %
APPLE INC. 3.3% 2/23/26 0.5 %
JPMORGAN CHASE & CO. 4.5% 1/24/22 0.5 %
APPLE INC. 2.4% 5/03/23 0.5 %
EXXON MOBIL CORPORATI 2.2% 3/01/21 0.5 %
EXXON MOBIL CORPORATI 3.0% 3/01/26 0.5 %
WALMART INC. 3.4% 6/26/23 0.5 %
WELLS FARGO & COMPANY 3.0% 4/22/26 0.5 %
WALMART INC. 3.7% 6/26/28 0.5 %
WELLS FARGO & COMPANY 2.6% 7/22/22 0.5 %
   
TOTAL 5.2 %

TOP ISSUERS
EXXON MOBIL CORPORATION1.0%
WELLS FARGO & COMPANY1.0%
WALMART INC.0.9%
BERKSHIRE HATHAWAY INC.0.9%
CITIGROUP INC.0.9%

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
LUXEMBOURG 0.8 %
IRELAND 0.7 %
0.6 %
NETHERLANDS 0.4 %

 





HISTORICAL RETURNS info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.0% 7.9% 3.2% -- 3.2%

Market Correlations
versus... Beta R-squared
Barclays Agg. Bond 0.84 85%
S&P500 0.02 1%
MSCI EAFE 0.06 6%
MSCI Emg. Mkts. 0.06 10%

Technical Indicators
Recent close $26.19
30d moving avg. $26.01
Annualized volatility 2.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 61
Liquidity measures
Avg. volume (thou.) 158
Avg. daily value traded (mns) $4
Turnover 4.5%
Bid/Ask (% of price) 0.14

Distributions


Yield Comparison

*Fund Category: CORPORATE

CREDIT QUALITY: MOODY'S

DISTRIBUTION YIELD (TRAILING 12 MONTHS)
Macaulay Duration info
 
PFIG 4.6 yrs Category
Avg.*
4.7 yrs
 

Modified Duration info
 
PFIG 4.5% Category
Avg.*
4.6%

RATE SENSITIVITY ANALYSIS info
Change
in YTM
New
YTM
Est. Price
Change
Est. New
Price
+300 bp 5.44% -9.9% $23.59
+200 bp 4.44% -7.4% $24.25
+150 bp 3.94% -5.9% $24.65
+100 bp 3.44% -4.1% $25.11
+75 bp 3.19% -3.1% $25.36
+50 bp 2.94% -2.1% $25.62
+25 bp 2.69% -1.1% $25.90
0 bp 2.44% 0% $26.19
-25 bp 2.19% 1.1% $26.49
-50 bp 1.94% 2.3% $26.80
-75 bp 1.69% 3.6% $27.13
-100 bp 1.44% 4.9% $27.47
-150 bp 0.94% 7.6% $28.19
-200 bp 0.44% 10.6% $28.96
-300 bp -0.56% 17.1% $30.66

*Fund Category: CORPORATE

ALTAR Score™


Calculation of ALTAR Score™
Adj. Yield to Maturity info 244 bp
Less: Annual "default factor" info 20 bp
Less: Expense ratio 22 bp
Equals: ALTAR Score 2.02 %
 

Average ALTAR Score™ by Category
Aggregate 1.7%
Corporate 2.3%
Emerging Market 3.6%
Government 1.6%
Inflation Protected 1.7%
Mortgage 2.8%
Municipals 2.2%
 
*Note: The Invesco Fundamental IG Corporate Bond is classified as a Corporate fund.

 

Our estimate of the impact of potential defaults on investor returns, based on historical default and recovery rates for bonds of similar credit rating and maturities.
See RATING tab for calculations of ALTAR Score™
Estimate of fund sensitivity to interest rate changes based on modified duration and convexity adjustment applied to underlying bonds. Note: Less meaningful for inflation-indexed bonds.
Adds expected inflation to real YTM for inflation-linked bonds so that all instruments are compared on a nominal basis
Weighted-average term to maturity of the cash flows from a bond. All else being equal, bonds of longer duration are more sensitive to changes in interest rates than bonds of shorter duration.
Approximation of the change in bond prices given a 100 basis point shift in interest rates. A better estimate, particularly for larger moves in interest rates, is provided by the Rate Sensitivity Analysis below.