Company: VBF
Filing Date: 2025-11-07
Form Type: N-CSRS
Source: 0001193125-25-271159
Chunk: 0

Company: Invesco Bond Fund
Filing Date: 2025-11-07
Form: N-CSRS
Chunk 0
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| The performance data quoted represent past performance and cannot guarantee future results; current performance may be lower or higher. Investment return, net asset value (NAV) and share market price will fluctuate so that you may have a gain or loss when you sell shares. Please visit invesco.com/us for the most recentmonth-endperformance. Performance figures reflect Fund expenses, the reinvestment of distributions (if any) and changes in NAV for performance based on NAV and changes in market price for performance based on market price. 
 Since the Fund is aclosed-endmanagement investment company, shares of the Fund may trade at a discount or premium from the NAV. This characteristic is separate and distinct from the risk that NAV could decrease as a result of investment activities and may be a greater risk to investors expecting to sell their shares after a short time. The Fund cannot predict whether shares will trade at, above or below NAV. The Fund should not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term investors.   
 TheBloomberg Baa U.S. Corporate Bond Indexmeasures theBaa-rated,fixed-rate, taxable corporate bond market.                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 The Fund is not managed to track the performance of any particular index, including the index(es) described here, and consequently, the performance of the Fund may deviate significantly from the performance of the index(es).                                                                                                                                                                                                                                                                                                                               
 A direct investment cannot be made in an index. Unless otherwise indicated, index results include reinvested dividends, and they do not reflect sales charges. Performance of the peer group, if applicable, reflects fund expenses; performance of a market index does not.                                                                                                                                                                                                                                                                                   |

Important Notice Regarding Share Repurchase Program In September 2025, the Board of Trustees of the Fund approved a share repurchase program that allows the Fund to repurchase up to 25% of the 20-dayaverage trading volume of the Fund’s common shares when the Fund is trading at a 10% or greater discount to its net asset value. The Fund will repurchase shares pursuant to this program if the Adviser reasonably believes that such repurchases may enhance shareholder value.

| 2 |     | Invesco Bond Fund |

Dividend Reinvestment Plan The dividend reinvestment plan (the Plan) offers you a prompt and simple way to reinvest your dividends and capital gains distributions (Distributions) into additional shares of your Invesco closed-endFund (the Fund). Under the Plan, the money you