Unlock the power of personalization for your bond investments
Tap into the resources and proprietary credit research of Invesco's global fixed income platform.
Enhance your after-tax returns with carefully monitored portfolios built using highly active, ongoing tax optimization.
Tailor your portfolio to express your views, values, tax situation, and liquidity needs.
Invesco employs a thoughtful framework for clients to customize portfolios based on duration, tax situation, liquidity needs, and values (select tax-fee, tax-aware, and taxable portfolios are available with value overlays). Click a tab below to explore customization options.
Tax-Free SMAs invest in tax-free municipal bonds and are structured for clients in the highest tax brackets to deliver tax-exempt benefits, with state-specific options available.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Tax-Free Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Tax-Free Short Term SMA | Short | 0-7 years | Sample portfolio | Fact sheet |
| Tax-Free Limited Term SMA | Limited | 0-12 years | Sample portfolio | Fact sheet |
| Tax-Free Limited Term Income Plus SMA | Limited | 0-12 years | Available April 2025 | Available April 2025 |
| Tax-Free Intermediate Term SMA | Intermediate | Full curve | Sample portfolio | Fact sheet |
| Tax-Free Intermediate Term Income Plus SMA | Intermediate | Full curve | Available April 2025 | Available April 2025 |
Tax-Aware SMAs focus on a minimum of 50% in tax-exempt municipal bonds and allocate the remaining to core fixed income asset classes such as corporate and government bonds. The asset class mix is based on after-tax relative value.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Tax-Aware Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Tax-Aware Short Term SMA | Short | 0-7 years | Sample portfolio | Fact sheet |
| Tax-Aware Limited Term SMA | Limited | 0-12 years | Sample portfolio | Fact sheet |
| Tax-Aware Limited Term Income Plus SMA | Limited | 0-12 years | Available April 2025 | Available April 2025 |
| Tax-Aware Intermediate Term SMA | Intermediate | Full curve | Sample portfolio | Fact sheet |
| Tax-Aware Intermediate Term Income Plus SMA | Intermediate | Full curve | Available April 2025 | Available April 2025 |
These SMAs are geared toward clients in tax-advantaged accounts seeking additional yield. They have low correlated allocation to core fixed income asset classes such as corporate and government bonds.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Investment Grade Govt-Credit Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Investment Grade Govt-Credit Short Term SMA | Short | 0-7 years | Sample portfolio | Fact sheet |
| Investment Grade Govt-Credit Intermediate Term SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Govt-Credit Intermediate Term Income Plus SMA | Intermediate | 0-12 years | Available April 2025 | Available April 2025 |
| Investment Grade Govt-Credit Long Term SMA | Long | Full curve | Sample portfolio | Fact sheet |
| Govt-Credit Long Term Income Plus SMA | Long | Full curve | Available April 2025 | Available April 2025 |
US government SMAs are geared towards clients seeking safety, tax-efficiency, and liquidity. They may be appropriate for clients in high tax states and are made up of shorter maturities.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Government Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| U.S. Treasury Ladder, 1-12 Month | Ultra short | 0-1 years | Sample portfolio | Fact sheet |
| U.S. Treasury Ladder, 1-24 Month | Ultra short | 0-2 years | Sample portfolio | Fact sheet |
| U.S. Treasury Ladder, 1-5 Year | Short | 0-5 years | Sample portfolio | Fact sheet |
These corporate bond SMAs have various maturity options ranging from floating rate to full curve. Full investment-grade to high-yield, and taxable municipal bond options are available.
| SMA | Duration | Maturity | Sample portfolio | Fact sheet |
|---|---|---|---|---|
| Investment Grade Taxable Enhanced Cash SMA | Ultra short | 0-3 years | Sample portfolio | Fact sheet |
| Investment Grade Floating Rate Bond SMA | Ultra short | 0-5 years | Sample portfolio | Fact sheet |
| Intermediate Corporate Bond 100% SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Intermediate Corporate Bond 75% SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Intermediate Corporate Bond 50% SMA | Intermediate | 0-12 years | Sample portfolio | Fact sheet |
| Investment Grade Corporate Bond SMA | Long | Full curve | Sample portfolio | Fact sheet |
| US Corporate Bond SMA | Long | Full curve | Sample portfolio | Fact sheet |
| Corporate Bond 50% SMA | Long | Full curve | Sample portfolio | Fact sheet |
| Preferred Securities SMA | Short | Perpetual | Sample portfolio | Fact sheet |
Whether you’re looking for active or passive, fixed income or equities, Custom SMAs by Invesco let you create customized, tax-smart portfolios for any goal.
Custom SMAs by Invesco empower advisors to deliver the tailored solutions and tax-smart portfolios clients expect from their advisors.
Bring the power of personalization to equity portfolios across investment styles, sectors, and regions.
Talk to our SMA specialists about how to bring Custom SMAs to your portfolio. Call us at (866) 769-2773 or provide your contact information and we'll reach out to you.
Our value overlays use a proprietary process for inclusion and monitoring of investments that provide a measurable positive social or environmental benefit along with income and financial return potential.
The ESG overlay is a broad-spectrum approach to ESG investing, where assets are allocated to investment opportunities with ESG potential. This can include environment, education, housing, health care, social improvement, energy efficiency, and infrastructure improvements, among other options.
The Environmental Leadership overlay identifies investment opportunities with high potential to be environmentally beneficial in areas such as land, water, and energy conservation, while also seeking investment opportunities with better climate change profiles and lower negative environmental impact. This approach emphasizes low carbon investment opportunities and is, by design, free of significant fossil fuel reserve owners.
The Gender Equity overlay identifies investment opportunities using governance criteria such as female representation in leadership and senior management roles, including an evaluation of the number of board seats held by women and whether the board chair is female. Additionally, investment opportunities providing dedicated capital access programs, healthcare services, affordable housing, and educational opportunities for women are preferred. The Gender Equity overlay may periodically emphasize particular industries, sectors, or regions as a way to leverage assets for increased ESG potential.
The Faith-Driven overlay is an extension of our overall approach to values-aligned investing where we seek to identify and direct funds to investment opportunities where the entity has strong policies and programs related to traditional family values, supports economically disadvantaged populations, and places an emphasis on environmental stewardship.
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