AGPXX: Using as part of Bond/Fixed income allocation

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Topic Author
annu
Posts: 590
Joined: Mon Nov 04, 2019 7:55 pm

AGPXX: Using as part of Bond/Fixed income allocation

Post by annu » Fri May 22, 2020 2:06 pm

I somehow missed this fund, and have ~5% of my fixed/bond holding in this fund.

Some more details below
AGPXX: https://www.invesco.com/us/financial-pr ... undId=2623
https://nb.fidelity.com/public/workplac ... ition/OOCJ

Objective
The investment seeks to provide current income consistent with preservation of capital and liquidity.
Strategy
The fund invests at least 99.5% of its total assets in cash, government securities, and repurchase agreements collateralized by cash or government securities. Government security generally means any security issued or guaranteed as to principal or interest by the U.S. government or certain of its agencies or instrumentalities;

Bonds part I have not made any changes at all, just focusing on Stocks for most part, have BND besides this for Bonds allocation.
Wondering if I should keep this or change, as I cant seem to find anything as accessible as many other options.

Seems to be based on mostly govt. holdings so should be safe, yields are like money market fund for sure.
Anyone here with some experience, inputs?

User avatar
anon_investor
Posts: 1897
Joined: Mon Jun 03, 2019 1:43 pm

Re: AGPXX: Using as part of Bond/Fixed income allocation

Post by anon_investor » Fri May 22, 2020 2:09 pm

annu wrote:
Fri May 22, 2020 2:06 pm
I somehow missed this fund, and have ~5% of my fixed/bond holding in this fund.

Some more details below
AGPXX: https://www.invesco.com/us/financial-pr ... undId=2623
https://nb.fidelity.com/public/workplac ... ition/OOCJ

Objective
The investment seeks to provide current income consistent with preservation of capital and liquidity.
Strategy
The fund invests at least 99.5% of its total assets in cash, government securities, and repurchase agreements collateralized by cash or government securities. Government security generally means any security issued or guaranteed as to principal or interest by the U.S. government or certain of its agencies or instrumentalities;

Bonds part I have not made any changes at all, just focusing on Stocks for most part, have BND besides this for Bonds allocation.
Wondering if I should keep this or change, as I cant seem to find anything as accessible as many other options.

Seems to be based on mostly govt. holdings so should be safe, yields are like money market fund for sure.
Anyone here with some experience, inputs?
That is a money market fund. Is this in your 401k?

Topic Author
annu
Posts: 590
Joined: Mon Nov 04, 2019 7:55 pm

Re: AGPXX: Using as part of Bond/Fixed income allocation

Post by annu » Fri May 22, 2020 2:12 pm

anon_investor wrote:
Fri May 22, 2020 2:09 pm
annu wrote:
Fri May 22, 2020 2:06 pm
I somehow missed this fund, and have ~5% of my fixed/bond holding in this fund.

Some more details below
AGPXX: https://www.invesco.com/us/financial-pr ... undId=2623
https://nb.fidelity.com/public/workplac ... ition/OOCJ

Objective
The investment seeks to provide current income consistent with preservation of capital and liquidity.
Strategy
The fund invests at least 99.5% of its total assets in cash, government securities, and repurchase agreements collateralized by cash or government securities. Government security generally means any security issued or guaranteed as to principal or interest by the U.S. government or certain of its agencies or instrumentalities;

Bonds part I have not made any changes at all, just focusing on Stocks for most part, have BND besides this for Bonds allocation.
Wondering if I should keep this or change, as I cant seem to find anything as accessible as many other options.

Seems to be based on mostly govt. holdings so should be safe, yields are like money market fund for sure.
Anyone here with some experience, inputs?
That is a money market fund. Is this in your 401k?
Yes it is in retirement account. So okay to keep it in same category as other money market funds? I will like to use this money to buy some stocks later in this year, but not sure if good idea to continue using it or convert to some bond fund before that and make the move later.

sycamore
Posts: 449
Joined: Tue May 08, 2018 12:06 pm

Re: AGPXX: Using as part of Bond/Fixed income allocation

Post by sycamore » Fri May 22, 2020 3:45 pm

if it's not something you want as part of your fixed income allocation, I'd sell/exchange it now into the desired bond fund holding. Why? You might otherwise forget about it :) and find yourself still holding much longer than you wanted.

It probably won't make too much difference performance wise if you do end up exchanging it to a stock fund in the next few months.

User avatar
anon_investor
Posts: 1897
Joined: Mon Jun 03, 2019 1:43 pm

Re: AGPXX: Using as part of Bond/Fixed income allocation

Post by anon_investor » Fri May 22, 2020 4:15 pm

annu wrote:
Fri May 22, 2020 2:12 pm
anon_investor wrote:
Fri May 22, 2020 2:09 pm
annu wrote:
Fri May 22, 2020 2:06 pm
I somehow missed this fund, and have ~5% of my fixed/bond holding in this fund.

Some more details below
AGPXX: https://www.invesco.com/us/financial-pr ... undId=2623
https://nb.fidelity.com/public/workplac ... ition/OOCJ

Objective
The investment seeks to provide current income consistent with preservation of capital and liquidity.
Strategy
The fund invests at least 99.5% of its total assets in cash, government securities, and repurchase agreements collateralized by cash or government securities. Government security generally means any security issued or guaranteed as to principal or interest by the U.S. government or certain of its agencies or instrumentalities;

Bonds part I have not made any changes at all, just focusing on Stocks for most part, have BND besides this for Bonds allocation.
Wondering if I should keep this or change, as I cant seem to find anything as accessible as many other options.

Seems to be based on mostly govt. holdings so should be safe, yields are like money market fund for sure.
Anyone here with some experience, inputs?
That is a money market fund. Is this in your 401k?
Yes it is in retirement account. So okay to keep it in same category as other money market funds? I will like to use this money to buy some stocks later in this year, but not sure if good idea to continue using it or convert to some bond fund before that and make the move later.
Yes it is a money market fund, you can count it as part of your cash allocation. Better question is why not buy equities with those funds now instead of waiting.

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