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Invesco Stable Value
Trust - Class I
Stable Value
A Bank Collective Trust Fund
Data as of Dec. 31, 2022
Available exclusively to qualified retirement plans
Key Facts
Category
Type of Management
Fund Inception Date
Performance Start Date
CUSIP
Tax ID (EIN)/Plan #
Share Class
Total Net Assets ($mil)
Share Price (NAV)
Annual Portfolio Turnover*
*As of 12/31/2022
Stable Value
Actively Managed
7/01/2020
7/31/2020
46X197XX3
84-1142974/001
Class I
$356.51
$1.00
0.00%
Fund management
Fund Trustee and Investment Manager
The trustee and investment manager for the Fund is
Invesco Trust Company, a Texas trust company (the
“Trustee” or “Investment Manager”).
Fund Sub-Advisor
The investment sub-adviser for the Fund is Invesco
Advisers, Inc. (the “Sub-Adviser”). Information
concerning the Sub-Adviser can be found in its Form
ADV filed with the U.S. Securities and Exchange
Commission (“SEC”), available at www.sec.gov.
Portfolio Management
Team Managed - Invesco Fixed Income
Investment objective
The primary investment objective of the Fund will be
to seek the preservation of principal and to provide
interest income reasonably obtained under prevailing
market conditions and rates, consistent with seeking
to maintain required liquidity.
Participant profile
The Fund may be appropriate for participating trusts
and the individual plan participants who seek little
fluctuation in the value of their invested principal, a
competitive interest rate, and a low level of overall
risk.
Fees and Expenses
Management Fee
Annual Fund Operating Expenses
Acquired Fund Expenses
Wrap Expenses
Total Annual Expense Ratio
0.19%
0.00%
0.04%
0.14%
0.37%
Contact your Plan Sponsor to obtain the names of any
third parties receiving Client Service Fees for this fund.
Fund Operating Expenses are unaudited and subject to
change. Operating expenses are borne directly by the
fund for operation and administration.
Acquired Fund Expenses are fees borne indirectly by
the fund when it invests in other funds which incur
their own fees and expenses including management
fees to affiliated or unaffiliated sub advisers. Acquired
Fund Expenses are unaudited and subject to change.
Wrap Expenses are fees assessed by the financial institution issuing the stable value investment contracts
(wrap contracts) in which the fund invests. Wrap
Expenses are unaudited and subject to change.
Performance as of 12/31/2022
Net of Fees
Gross of Fees
6
Bloomberg US Treasury Bellwethers 3 Month
Index-TR
4
2
0
QTR
YTD
1 Year
3 Year
QTR
0.52
Net of Fees
YTD
1.60
5 Year
1 Yr
1.60
3 Yr
1.65
10 Year
5 Yr
1.95
Since
Inception
Since
10 Yr Inception
4.33
1.78
Gross of Fees
0.57
1.79
1.79
1.84
2.14
1.97
4.53
Bloomberg US Treasury Bellwethers
3 Month Index-TR
0.90
1.51
1.51
0.74
1.28
0.78
2.97
Calendar year end gross returns (%)
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
YTD
1.64
1.51
1.83
1.95
2.11
2.50
2.68
2.25
1.50
1.79
1.79
Gross performance has been calculated before the deduction of investment management and client service
fees, but after the deduction of all other expenses applicable to the unit class. Gross performance shown
prior to the unit class inception date is that of Class C units. Net performance has been calculated after the
deduction of all fees and expenses applicable to the unit class. Net performance shown prior to the unit class
inception date is that of the Class C units adjusted to reflect the fees applicable to Class I units (0.19%).
Total return assumes reinvestment of dividends and capital gains for the periods indicated. Past performance
is no guarantee of future results. Investment return and principal value will vary and you may have a gain or
loss when you sell shares. Returns less that one year are cumulative; all others are annualized.
Visit InvescoTrustCompany.com for most recent month-end performance.
Word about risk
Some of the principal risks associated with investing in this Fund include:
The prices of Fund investments may be volatile and market movements are difficult to predict. In addition,
the amount and timing of purchases/withdrawals may a have a negative impact on the Fund’s return. There
can be no assurance that plan participants or the trust will not incur losses. Individual plan participants
should not subscribe to or invest in the Fund unless they can bear such losses. Active trading of portfolio
securities may result in added expenses and a lower return.
The crediting rate formula is used to determine the Fund's yield to amortize the gain/loss experience over
the duration of the contract, also known as "smoothing". The crediting rate provides a fixed return for a
period until the next rate reset. Crediting rates may be reduced in the event of large withdrawals from the
Fund, and the fund's yield may not reflect prevailing market interest rates.
Fixed-income investments are subject to credit risk of the issuer and the effects of changing interest rates.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. An
issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to
decrease in value and lowering the issuer’s credit rating.
Issuers of fixed income securities may be unable to meet the interest payments or repay the principal, which
can reduce returns and the Fund's crediting rate. Substantial defaults could cause the Fund's crediting rate to
fall below the 0% minimum. As a result, the trust or plan participants seeking to withdraw their units may
not receive back the full amount invested. Credit risk is managed through credit research on individual
securities and through diversification of portfolio’s holdings.
Investment contract are intended to reduce the volatility of investing in fixed-income securities; however
investment contracts have their own risks. Risks include, but are not limited to, the possibility of
default/deterioration of contract provider or be unable to replace a contract, if terminated; costs incurred by
the Fund may reduce the its return; securities owned by the Fund may become impaired and sold at a time
when its value is low, thus reducing the Fund's market value; the Fund's market value may have a negative
impact on its crediting rate, market value and book value ratio, as a result the contract issuer may exercise
certain rights to terminate the contract or direct the management of the Fund's investments, which could
impact the Fund's performance.
Affiliates of the Trustee and Sub-Adviser may trade in securities at the same time as the Fund, which may
affect the Fund’s prices or available opportunities.
Derivatives may be more volatile and less liquid than traditional investments and are subject to market,
interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose
more than the cash amount invested.
