INBQX: Invesco Oppenheimer International Bond Fund

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INBQX Invesco Oppenheimer International Bond Fund


Profile

INBQX - Profile

Vitals

  • YTD Return -10.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.78 B
  • Holdings in Top 10 46.0%

52 WEEK LOW AND HIGH

$5.00
$4.24
$5.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

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

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return -10.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.93%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer International Bond Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Hemant Baijal

Fund Description

The fund invests mainly in debt securities of foreign government and corporate issuers. Under normal market conditions, it invests at least 80% of its net assets (plus borrowings for investment purposes) in debt securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The fund typically invests in at least three countries other than the United States. It invests in debt securities of issuers in both developed and emerging markets throughout the world. It is non-diversified.


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Categories

Performance

INBQX - Performance

Return Ranking - Trailing

Period INBQX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.4% -37.1% 7.0% 81.33%
1 Yr N/A -40.0% 15.4% 76.23%
3 Yr N/A* -26.0% 2.7% 47.17%
5 Yr N/A* -18.8% 18.0% 24.51%
10 Yr N/A* -12.7% 10.9% 52.11%

* Annualized

Return Ranking - Calendar

Period INBQX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -21.7% 32.8% N/A
2018 N/A -35.5% 3.9% N/A
2017 N/A -15.9% 20.0% N/A
2016 N/A -13.3% 210.7% N/A
2015 N/A -29.9% 5.0% N/A

Total Return Ranking - Trailing

Period INBQX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.4% -37.1% 7.0% 81.33%
1 Yr N/A -40.0% 15.4% 69.67%
3 Yr N/A* -26.0% 4.1% 62.26%
5 Yr N/A* -18.8% 26.1% 50.98%
10 Yr N/A* -12.7% 13.4% 78.87%

* Annualized

Total Return Ranking - Calendar

Period INBQX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -21.7% 32.8% N/A
2018 N/A -35.5% 3.9% N/A
2017 N/A -15.9% 21.6% N/A
2016 N/A -13.3% 233.7% N/A
2015 N/A -29.9% 6.6% N/A

NAV & Total Return History


Holdings

INBQX - Holdings

Concentration Analysis

INBQX Category Low Category High INBQX % Rank
Net Assets 2.78 B 902 K 13.6 B 10.20%
Number of Holdings 618 4 3983 24.02%
Net Assets in Top 10 1.23 B -1.05 B 61.1 B 8.15%
Weighting of Top 10 45.96% 5.6% 288.6% 29.04%

Top 10 Holdings

  1. 10 Year Treasury Note Future June 20 14.69%
  2. Long-Term Euro BTP Future June 20 12.45%
  3. Euro OAT Future June 20 4.32%
  4. INDIA GOVERNMENT BOND IGB 8.24 02/15/27 2.67%
  5. COLOMBIAN TES COLTES 6 1/4 11/26/25 2.41%
  6. Russian Federation 7% 2.03%
  7. INDIA GOVERNMENT BOND IGB 8.2 09/24/25 2.00%
  8. MEXICAN BONOS MBONO 8 1/2 05/31/29 1.89%
  9. United Kingdom of Great Britain and Northern Ireland 1.75% 1.80%
  10. Greece (Republic Of) 1.88% 1.69%

Asset Allocation

Weighting Return Low Return High INBQX % Rank
Bonds
101.30% 80.03% 7956.53% 19.78%
Convertible Bonds
1.01% 0.00% 19.52% 29.78%
Stocks
0.00% -100.67% 110.51% 49.51%
Preferred Stocks
0.00% 0.00% 11.06% 25.00%
Other
0.00% -17.44% 51.06% 36.94%
Cash
-2.31% -7876.18% 78.90% 70.08%

Bond Sector Breakdown

Weighting Return Low Return High INBQX % Rank
Derivative
53.73% -0.31% 70.24% 2.39%
Government
31.55% -0.16% 263.38% 70.08%
Cash & Equivalents
7.31% -221.24% 43.57% 47.33%
Corporate
5.39% 0.00% 94.19% 78.65%
Securitized
2.02% 0.00% 90.58% 37.08%
Municipal
0.00% 0.00% 41.00% 25.56%

Bond Geographic Breakdown

Weighting Return Low Return High INBQX % Rank
Non US
101.01% -0.30% 329.40% 6.46%
US
0.29% -38.08% 7927.09% 75.42%

Expenses

INBQX - Expenses

Operational Fees

INBQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 38.91% 90.18%
Management Fee 0.54% 0.00% 2.50% 33.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

INBQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

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.

INBQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 451.00% 6.30%

Distributions

INBQX - Distributions

Dividend Yield Analysis

INBQX Category Low Category High INBQX % Rank
Dividend Yield 1.00% 0.00% 4.71% 3.21%

Dividend Distribution Analysis

INBQX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

INBQX Category Low Category High INBQX % Rank
Net Income Ratio 4.93% -2.28% 11.37% 26.06%

Capital Gain Distribution Analysis

INBQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Daily Daily

Dividend Payout History

View More +

Fund Manager Analysis

INBQX - Fund Manager Analysis

Managers

Hemant Baijal


Start Date

Tenure

Tenure Rank

Jan 28, 2013

7.26

7.3%

Hemant Baijal leads the Global Fixed Income team. He is the lead portfolio manager at Oppenheimer. Prior to joining the firm, Hemant co-founded Six Seasons Global Asset Management, where he served as partner and portfolio manager with a focus on fixed income macro strategies. Before his role at Six Seasons, he was a partner and portfolio manager at Aravali Partners, LLC., where he focused on absolute return and interest rate hedging strategies. Previously, Hemant was a partner and portfolio manager at Havell Capital Management, LLC., where he focused on fixed income macro and relative value strategies. Earlier in his career, Hemant was a senior portfolio manager for international, global and multi-sector fixed income portfolios at Neuberger Berman. He has also held positions at Banca Di Roma, The First Boston Corporation and Merrill Lynch and Co. Hemant holds a B.A. from the University of Delhi and his M.B.A. from Columbia University.

Christopher (Chris) Kelly


Start Date

Tenure

Tenure Rank

Mar 31, 2015

5.09

5.1%

Mr. Kelly has been a Senior Vice President of OppenheimerFunds, Inc. since January 2016 and a Portfolio Manager of the firm and Co-Head of the Global Debt Team since March 2015. He was a Vice President of the firm from March 2015 through January 2016. Prior to joining OppenheimerFunds, Mr. Kelly was at BlackRock Inc., where he was Deputy Head of Emerging Markets Fixed Income from June 2012 to January 2015. Mr. Kelly was also a portfolio manager and Deputy Chief Investment Officer of Emerging Markets at Fisher Francis Trees and Watts, a BNP Paribas Investment Partner, from February 2008 to April 2012. Chris holds a B.A. from Macalester College and a Masters in international affairs from Columbia University. He is also a CFA charterholder.

Wim Vandenhoeck


Start Date

Tenure

Tenure Rank

Jan 26, 2018

2.26

2.3%

Wim Vandenhoeck, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2019 . Prior to joining the firm, Mr. Vandenhoeck was an Portfolio Manager with the Global Debt team in OppenheimerFunds Inc. since 2015, principally conducting interest rate and foreign currency analysis in emerging markets. Prior to that, Wim was a partner at APQ Partners LLP, an emerging markets investment adviser based out of London. Prior to that, he was an asset manager at GLG Partners LP in London, where he focused on emerging market fixed income strategies. Before GLG, he was a partner at Six Seasons Global Asset Management LLC, Aravali Partners LLC and Havell Capital Management LLC, all in New York, mainly managing fixed income macro strategies, often with a focus on emerging markets. Earlier in his career, he has held positions at Bank Brussels Lambert and Paribas Bank. Wim is also a frequent speaker on the topics of uncovering emerging market fixed income opportunities and analyzing the risk within. Wim holds a B.A. from Katholiek Universiteit Leuven and his M.B.A. from Cornell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.11 5.85 10.67