ACPSX — Invesco Core Plus Bond Fund, Class A
Data updated: 2026-07-30
ACPSX — Invesco Core Plus Bond Fund, Class A. 0.79% expense ratio · 4.25% max sales load · since 2009. Holdings, fees, performance and SEC filings.
ACPSX Fund Overview
ACPSX — Invesco Core Plus Bond Fund, Class A is a US mutual fund managed by Aim Counselor Series Trust (invesco Counselor Series Trust), categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim Counselor Series Trust (invesco Counselor Series Trust)
- Category: Long Total / Aggregate Bond
- Assets under management: $5.08B
- 1-year return: 6.0%
- Ticker: ACPSX
- SEC CIK: 0001112996
- SEC series ID: S000025657
- Share class ID: C000076854
ACPSX Investment Objective and Strategy
Invesco Core Plus Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Counselor Series Trust (invesco Counselor Series Trust).
Investment objective
The Fund’s investment objective is total return, comprised of current income and capital appreciation.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in investment grade fixed-income securities generally represented by the Bloomberg Barclays U.S. Aggregate Bond Index (the benchmark index). The principal types of fixed-income securities in which the Fund invests are corporate bonds, U.S. Treasury and agency securities, and mortgage-backed and asset-backed securities. The Fund may invest up to 20% of its net assets in debt securities rated below investment grade. Below investment grade securities are commonly referred to as junk bonds. The Fund may invest up to 30% of its net assets in foreign debt securities, including debt securities of issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles.
The Fund may invest up to 20% of the Funds net assets in currencies and securities, including foreign currency derivatives, denominated in currencies other than the U.S. dollar. The Fund may purchase mortgage-backed and asset-backed securities such as collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs) and collateralized debt obligations (CDOs), which are counted toward the 80% investment requirement. The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended. The Fund may purchase municipal securities. The Funds investments may also include securities that do not produce immediate cash income, such as zero coupon securities and pay-in-kind securities.
The Fund may purchase and sell securities on a when-issued and delayed delivery basis, which means that the Fund buys or sells a security with payment and delivery taking place in the future. The Fund may also engage in to be announced (TBA) transactions, which are transactions in which a fund buys or sells mortgage-backed securities on a forward commitment basis. The Fund may engage in short sales of TBA mortgages, including short sales on TBA mortgages the Fund does not own. The Fund can invest in derivative instruments including swap contracts, options, futures contracts and forward foreign currency contracts. The Fund can use swap contracts, including interest rate swaps, to hedge or adjust its exposure to interest rates. The Fund can also use swap contracts, including credit default swaps, to create long or short exposure to corporate or sovereign debt securities.
The Fund can further use swap contracts, including: credit default index swaps, to hedge credit risk or take a position on a basket of credit entities; total return swaps, to gain exposure to a reference asset; and volatility swaps to adjust the volatility profile of the Fund. The Fund can use options, including currency options, to seek alpha (return on investments in excess of the benchmark index) or to mitigate risk and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund can also use credit default swap options to gain the right to enter into a credit default swap at a specified future date. The Fund can further use swaptions (options on swaps) to manage interest rate risk; and options on bond or rate futures to manage interest rate exposure.
The Fund can use futures contracts, including interest rate futures, to increase or reduce its exposure to interest rate changes. The Fund can also use currency futures to increase or decrease its exposure to foreign currencies. The Fund can engage in foreign currency transactions either on a spot basis (i.e., for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time) or through forward foreign currency contracts to gain or mitigate the risk of foreign currency exposure. The Fund utilizes active duration (i.e., making investments to reduce or increase the sensitivity of the Funds portfolio to interest rate changes) and yield curve positioning (i.e., making investments that allow the Fund to benefit from varying interest rates) for risk management and for generating alpha (return on investments in excess of the benchmark index).
Duration is a measure of volatility expressed in years and represents the anticipated percent change in a bonds price at a single point in time for a 1% change in yield. As duration increases, volatility increases as applicable interest rates change. The portfolio managers utilize the benchmark index as a reference in structuring the portfolio. The portfolio managers decide on appropriate risk factors such as sector and issuer weightings and duration relative to the benchmark index. The portfolio managers then determine appropriate position sizes to reflect desired risk positioning. In doing so, the portfolio managers consider recommendations from a globally interconnected team of specialist decision makers in positioning the Fund to generate alpha. The portfolio managers generally rely upon a team of market-specific specialists for trade execution and for assistance in determining efficient ways (in terms of cost-efficiency and security selection) to implement those recommendations.
Although a variety of specialists provide input in the management of the Fund, the portfolio managers retain responsibility for ensuring the Fund is positioned appropriately in terms of risk exposures and position sizes. Specialists employ a bottom-up approach to recommend larger or smaller exposure to specific risk factors. In general, specialists will look for attractive risk-reward opportunities and securities that best enable the Fund to pursue those opportunities. The portfolio managers consider the recommendations of these market-specific specialists in adjusting the Funds risk exposures and security selection on a real-time basis using proprietary communication technology. Decisions to purchase or sell securities are determined by the relative value considerations of the portfolio managers that factor in economic and credit-related fundamentals, market supply and demand, market dislocations and situation-specific opportunities.
The purchase or sale of securities may be related to a decision to alter the Funds macro risk exposure (such as duration, yield curve positioning and sector exposure), a need to limit or reduce the Funds exposure to a particular security or issuer, degradation of an issuers credit quality or general liquidity needs of the Fund. The Fund will attempt to maintain (i) a dollar-weighted average portfolio maturity of between three and 10 years; and (ii) a duration (the Funds price sensitivity to changes in interest rates) of within +/- two years of the benchmark index. The foregoing maturity and duration targets are not guaranteed and the Adviser may deviate from such targets in its discretion. In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.
ACPSX Holdings
Top 10 holdings of Invesco Core Plus Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Uniform Mortgage-Backed Securities | 4.47% |
| U.S. Treasury Notes/Bonds | 3.87% |
| Uniform Mortgage-Backed Securities | 3.54% |
| Invesco Private Prime Fund | 3.37% |
| Uniform Mortgage-Backed Securities | 3.04% |
| U.S. Treasury Notes/Bonds | 2.53% |
| Uniform Mortgage-Backed Securities | 2.51% |
| Uniform Mortgage-Backed Securities | 2.31% |
| U.S. Treasury Notes/Bonds | 1.72% |
| Invesco Treasury Portfolio | 1.56% |
ACPSX Portfolio Allocation
Asset-class allocation of Invesco Core Plus Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 63.8% |
| Fixed Income | 54.7% |
| Cash & Equivalents | 7.1% |
| Equity | 2.7% |
| Loans | 2.3% |
| Other | 0.7% |
| Derivatives | 0.1% |
| Real Estate | 0.1% |
ACPSX Performance
Total returns for ACPSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.70% |
| 1 year | 6.04% |
| 3 years (annualised) | 5.20% |
| 5 years (annualised) | 0.24% |
ACPSX Risk Information
Risk metrics for ACPSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.46%
ACPSX Costs and Fees
ACPSX costs about $79 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.79%
- Gross expense ratio: 0.82%
- Portfolio turnover: 531%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ACPSX Cashflows
Over the 12 months to 2026-05, Invesco Core Plus Bond Fund had net outflows of $271.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $6.66M |
| 2026-04 | −$56.56M |
| 2026-03 | −$140.97M |
| 2026-02 | −$194.79M |
| 2026-01 | $10.22M |
| 2025-12 | $25.42M |
ACPSX Debt Constituents
Largest debt holdings of Invesco Core Plus Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.S. Treasury Notes/Bonds | 3.87% |
| U.S. Treasury Notes/Bonds | 2.53% |
| U.S. Treasury Notes/Bonds | 1.72% |
| U.S. Treasury Notes/Bonds | 1.24% |
| U.S. Treasury Notes/Bonds | 1.21% |
| Eagle Funding LuxCo S.a.r.l. | 0.81% |
| Beignet Investor LLC | 0.74% |
| U.S. Treasury Notes/Bonds | 0.59% |
| Qts (project Thunder) | 0.58% |
| U.S. Treasury Notes/Bonds | 0.55% |
ACPSX Prospectus and SEC Filings
Official Invesco Core Plus Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-18
- Prospectus (485BPOS) — filed 2024-12-19
- Prospectus (485BPOS) — filed 2023-12-14
- Portfolio holdings (N-PORT) — filed 2026-07-30
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2025-11-14
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other Long Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.