Fixed Income Mutual Fund Performance

Investing in all mutual funds entails risk.

Fixed income mutual fund performance. The index consists of the u s. Universal index excluding mortgage backed securities effective august 24 2016. Public offering price pop is the price of one share of a fund including any sales charges. Performance including sales charge assumes the sales charge for the corresponding time period.

Our results are of great interest to retail investors who wish to invest in fixed income mutual funds. Fixed income mutual funds usually aren t going to perform like stock funds. Net asset value nav is the value of one share of the fund excluding any sales charges. The fund s name change from invesco oppenheimer intermediate income fund to invesco intermediate bond factor fund.

28 2020 reflect the performance of the fund s previous strategy. The fixed income fund performance benchmark is the bloomberg barclays u s. High yield corporate index the 144a index the eurodollar index the emerging markets index and the non erisa portion of the. Fixed income mutual funds do not seem to be the refuge investment vehicle that protects investors from the downside market during recessions.

We show that fund managers do not have any selection nor timing abilities. By their nature fixed income investments are relatively conservative and lower returns come with a conservative approach.