Objective & Strategy
The fund seeks total return, comprised of current income and capital appreciation by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in senior secured floating rate loans made by banks and other financial institutions and in senior secured floating rate debt instruments while integrating environmental, social and governance (“ESG”) criteria.
Morningstar Rating ™
Overall Rating - Bank Loan CategoryAs of 03/31/2021 the Fund had an overall rating of 4 stars out of 232 funds and was rated 3 stars out of 232 funds, 4 stars out of 209 funds and 4 stars out of 109 funds for the 3-, 5- and 10- year periods, respectively.
Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2021 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
Management team
Top Fixed-Income Holdings | View all
| Holding Name | Coupon % | Bond Maturity Date | % of Total Assets |
|---|---|---|---|
| 1011778 BC ULC | 1.860 | 11/19/2026 | 1.01 |
| Intelsat Jackson Holdings SA | 8.000 | 11/27/2023 | 0.95 |
| Monitronics International Inc | 7.750 | 03/29/2024 | 0.88 |
| Telesat LLC | 2.870 | 12/07/2026 | 0.84 |
| Spin Holdco Inc | 4.250 | 11/14/2022 | 0.79 |
| SkyMiles IP Ltd | 4.750 | 10/01/2027 | 0.78 |
| Quest Software US Holdings Inc | 4.460 | 05/16/2025 | 0.76 |
| Cengage Learning Inc | 5.250 | 06/07/2023 | 0.74 |
| LogMeIn Inc | 4.870 | 08/28/2027 | 0.73 |
| Berry Global Inc | 2.120 | 07/01/2026 | 0.73 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Average Annual Returns (%)
| Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
|---|---|---|---|---|---|---|---|---|
| NAV | 05/01/1997 | N/A | 4.06 | 2.43 | 5.22 | 3.25 | 5.60 | 3.85 |
| Load | 05/01/1997 | 2.50 | 3.95 | -0.09 | 2.66 | 2.41 | 5.06 | 3.59 |
| NAV | 05/01/1997 | N/A | 3.98 | 1.53 | 1.53 | 2.80 | 4.64 | 3.83 |
| Load | 05/01/1997 | 2.50 | 3.87 | -1.04 | -1.04 | 1.95 | 4.13 | 3.56 |
Annualized Benchmark Returns
| Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
|---|---|---|---|---|---|---|
| CS Leveraged Loan IX TR | 0.06 | 2.01 | 20.77 | 4.13 | 5.33 | 4.41 |
| Bloomberg Barclays US Aggregate Bond Index | -1.25 | -3.37 | 0.71 | 4.65 | 3.10 | 3.44 |
| CS Leveraged Loan IX TR | 0.06 | 2.01 | 20.77 | 4.13 | 5.33 | 4.41 |
| Bloomberg Barclays US Aggregate Bond Index | -1.25 | -3.37 | 0.71 | 4.65 | 3.10 | 3.44 |
Source: Bloomberg LP
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
| Management Fee | 0.61 |
| 12b-1 Fee | 0.25 |
| Other Expenses | 0.15 |
| Interest/Dividend Exp | 0.07 |
| Total Other Expenses | 0.22 |
| Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | 0.01 |
| Total Annual Fund Operating Expenses | 1.09 |
| Contractual Waivers/Reimbursements | -0.01 |
| Net Expenses - PER PROSPECTUS | 1.08 |
| Additional Waivers/Reimbursements | 0.00 |
| Net Expenses - With Additional Fee Reduction | 1.08 |
Historical Prices
| Date | Net Asset Value ($) | Public Offering Price ($) |
|---|---|---|
| {{histTableData.rateDate | date : 'MM/dd/yyyy'}} | {{histTableData.netAssetValue | numberValue}} | {{histTableData.offeringPrice | numberValue}} |
Distributions
| Capital Gains | Reinvestment Price ($) |
|||
|---|---|---|---|---|
| Ex-Date | Income | Short Term | Long Term | |
| {{distribution.rateDate | date : 'MM/dd/yyyy'}} | {{distribution.dividendFactor | numberValue:4:'N/A'}} | {{distribution.capGainsFactorShort | numberValue:4:'N/A'}} | {{distribution.capGainsFactorLong | numberValue:4:'N/A'}} | {{distribution.reinvestmentPrice | numberValue:3:'N/A'}} |
Fund Characteristics
| 3-Year Alpha | -0.65% |
| 3-Year Beta | 0.88 |
| 3-Year R-Squared | 0.98 |
| 3-Year Sharpe Ratio | 0.24 |
| 3-Year Standard Deviation | 7.81 |
| Number of Securities | 689 |
| Total Assets | $1,451,438,580.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Benchmark: CS Leveraged Loan IX TR
Top Fixed-Income Holdings | View all
| Holding Name | Coupon % | Bond Maturity Date | % of Total Assets |
|---|---|---|---|
| 1011778 BC ULC | 1.860 | 11/19/2026 | 1.01 |
| Intelsat Jackson Holdings SA | 8.000 | 11/27/2023 | 0.95 |
| Monitronics International Inc | 7.750 | 03/29/2024 | 0.88 |
| Telesat LLC | 2.870 | 12/07/2026 | 0.84 |
| Spin Holdco Inc | 4.250 | 11/14/2022 | 0.79 |
| SkyMiles IP Ltd | 4.750 | 10/01/2027 | 0.78 |
| Quest Software US Holdings Inc | 4.460 | 05/16/2025 | 0.76 |
| Cengage Learning Inc | 5.250 | 06/07/2023 | 0.74 |
| LogMeIn Inc | 4.870 | 08/28/2027 | 0.73 |
| Berry Global Inc | 2.120 | 07/01/2026 | 0.73 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Top Industries
| % of Total Assets | |
|---|---|
| Application Software | 2.11 |
| Casinos & Gaming | 1.00 |
| Integrated Telecommunication Services | 0.98 |
| Independent Power Producers & Energy Traders | 0.90 |
| Broadcasting | 0.90 |
| Advertising | 0.88 |
| Airlines | 0.79 |
| Technology Hardware, Storage & Peripherals | 0.76 |
| Diversified Support Services | 0.73 |
| Interactive Media & Services | 0.72 |
May not equal 100% due to rounding.
The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.
United States
Canada (English)
United Kingdom
Isle of Man
Jersey
Guernsey
Australia
China
Hong Kong
Japan
Taiwan
Europe
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Invesco Floating Rate ESG Fund commentary
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