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AFRIX Invesco Floating Rate R5

  • Fund
  • AFRIX
  • Price as of: Jun 24, 2019
  • $7.44 - $0.00 - 0.00%
  • Category
  • Bank Loan

AFRIX - Profile

Vitals

  • YTD Return 2.9%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $2.32 B
  • Holdings in Top 10 10.3%

52 WEEK LOW AND HIGH

$7.44
$7.22
$7.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$10,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.41%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Floating Rate Fund
  • Fund Family Name Invesco
  • Inception Date Apr 13, 2006
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Thomas Ewald

Fund Description

The fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities. It may use leverage in an effort to maximize its return through borrowing, generally from banks, in an amount of up to 33 1/3% of the fund's total assets after such borrowing.

AFRIX - Performance

Return Ranking - Trailing

Period AFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% 0.0% 4.8% 49.74%
1 Yr -1.7% -4.0% 1.2% 47.34%
3 Yr 0.7%* -1.3% 2.8% 17.68%
5 Yr -1.4%* -3.1% -0.4% 71.35%
10 Yr 1.0%* -0.6% 2.0% 31.65%

* Annualized


Return Ranking - Calendar

Period AFRIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -6.4% 0.0% 51.60%
2017 -0.1% -2.7% 2.8% 34.05%
2016 6.2% -0.4% 7.9% 27.22%
2015 -7.5% -10.4% -1.0% 85.96%
2014 -3.4% -6.9% -1.7% 55.11%

Total Return Ranking - Trailing

Period AFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% 0.0% 4.8% 52.85%
1 Yr -1.7% -3.9% 1.9% 59.04%
3 Yr 0.7%* -0.8% 5.9% 33.70%
5 Yr -1.4%* -2.4% 3.4% 81.46%
10 Yr 1.0%* -0.2% 4.6% 37.97%

* Annualized


Total Return Ranking - Calendar

Period AFRIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -6.4% 0.7% 58.51%
2017 -0.1% -1.6% 7.2% 44.86%
2016 6.2% 1.6% 11.5% 36.67%
2015 -7.5% -8.8% 1.6% 87.64%
2014 -3.4% -6.9% 2.4% 66.48%

NAV & Total Return History

AFRIX - Holdings

Concentration Analysis

AFRIX Category Low Category High AFRIX % Rank
Net Assets 2.32 B 63.9 M 12.7 B 30.57%
Number of Holdings 699 94 1843 13.47%
Net Assets in Top 10 228 M 11.4 M 1.74 B 37.31%
Weighting of Top 10 10.34% 5.3% 81.0% 51.30%

Top 10 Holdings

  1. Nrg Energy Inc Term Loan 1.29%

  2. Fieldwood Energy Llc Letter Of Credit 1.24%

  3. Jbs Usa Llc Term Loan B 1.02%

  4. Sprint Communications Inc Term Loan B 1.01%

  5. Starfruit Finco B V Term Loan B 1.00%

  6. Asurion Llc Second Lien 1.00%

  7. Centurylink Escrow Llc Term Loan B 0.98%

  8. Texas Competitive Elec Hldgs Term Loan B 0.97%

  9. Caesars Resort Collection Llc Term B Loans 0.94%

  10. Iheartcommunications Inc. Term Loan D 0.89%


Asset Allocation

Weighting Return Low Return High AFRIX % Rank
Bonds
95.02% 85.10% 99.25% 47.15%
Cash
2.11% -0.45% 10.91% 81.87%
Stocks
1.99% 0.00% 3.84% 6.74%
Other
0.80% -1.06% 9.21% 9.84%
Convertible Bonds
0.07% 0.00% 4.55% 21.24%
Preferred Stocks
0.02% 0.00% 0.31% 23.32%

Stock Sector Breakdown

Weighting Return Low Return High AFRIX % Rank
Utilities
0.48% 0.00% 0.48% 2.41%
Energy
0.32% 0.00% 0.53% 3.01%
Consumer Cyclical
0.17% 0.00% 0.73% 14.46%
Basic Materials
0.07% 0.00% 2.29% 21.08%
Communication Services
0.02% 0.00% 0.02% 2.41%
Technology
0.00% 0.00% 0.06% 87.95%
Real Estate
0.00% 0.00% 0.15% 87.95%
Industrials
0.00% 0.00% 0.54% 89.76%
Healthcare
0.00% 0.00% 0.09% 87.95%
Financial Services
0.00% 0.00% 0.33% 87.95%
Consumer Defense
0.00% 0.00% 0.05% 87.95%

Stock Geographic Breakdown

Weighting Return Low Return High AFRIX % Rank
US
1.99% 0.00% 3.84% 6.74%
Non US
0.00% 0.00% 0.41% 92.23%

Bond Sector Breakdown

Weighting Return Low Return High AFRIX % Rank
Corporate
93.98% 0.00% 99.62% 49.22%
Cash & Equivalents
2.11% -1.90% 70.33% 81.87%
Securitized
0.26% 0.00% 39.66% 33.68%
Derivative
0.00% -0.10% 9.07% 86.53%
Municipal
0.00% 0.00% 0.15% 89.12%
Government
0.00% 0.00% 8.58% 90.16%

Bond Geographic Breakdown

Weighting Return Low Return High AFRIX % Rank
US
64.68% 38.04% 97.95% 87.56%
Non US
30.34% 0.00% 59.30% 13.47%

AFRIX - Expenses

Operational Fees

AFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 2.99% 76.68%
Management Fee 0.61% 0.00% 1.00% 56.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

AFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 12.00% 163.00% 38.34%

AFRIX - Distributions

Dividend Yield Analysis

AFRIX Category Low Category High AFRIX % Rank
Dividend Yield 3.03% 0.00% 3.67% 6.22%

Dividend Distribution Analysis

AFRIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History