Invesco Income Fund Q1 2026: Positive Return, Benchmark Miss

Invesco Income Fund (AGOVX) posted a positive absolute return in the first quarter of 2026 but fell short of its benchmark index, according to the fund's quarterly commentary.

The fund's performance gap relative to the benchmark was driven by sector allocation and security selection, the commentary said. Specific contributors and detractors were not detailed in the summary.

AGOVX is managed by Invesco, an independent investment management firm. The fund focuses on income generation through a diversified portfolio of fixed-income securities.

The underperformance in Q1 comes as fixed-income markets navigated shifting rate expectations and credit spread volatility. The fund's positioning heading into the quarter may have lagged as the benchmark benefited from certain sector exposures.

Investors reviewing the commentary will find the full breakdown of holdings, sector weights, and manager outlook in the official document. The fund's next quarterly update is expected in July.