Summary

• Invesco Short Term Bond Fund Class A shares at net asset value (NAV) had a negative return for the quarter and underperformed its benchmark, the Bloomberg US 1-3 Yr Gov/Credit Index.
• Overweights in non-Agency mortgage-backed securities, ABS, collateralized loan obligations (CLOs) and CMBS positively affected relative performance.
• An overweight in the banking sub-sector and security selection in the capital goods sub-sector negatively affected relative performance.

Key takeaways

Potential to lock in yields

Bond yields, though down from their highs, are still at attractive levels compared to the last 10 years, in our view. Investors can lock in these yields for years to come by

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