SFRRX: Invesco Oppenheimer Senior Floating Rate Fund

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SFRRX Invesco Oppenheimer Senior Floating Rate Fund


Profile

SFRRX - Profile

Vitals

  • YTD Return -1.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $6.94 B
  • Holdings in Top 10 18.5%

52 WEEK LOW AND HIGH

$7.39
$7.38
$7.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.55%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Senior Floating Rate Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Lukkes

Fund Description

The fund invests mainly in floating rate loans that hold a senior position in the capital structure of U.S. and foreign corporations, partnerships or other business entities that, under normal circumstances, allow them to have priority of claim ahead of other obligations of a borrower in the event of liquidation. Under normal market conditions, it will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in Senior Loans, and in derivatives and other instruments that have economic characteristics similar to such securities.


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Categories

Performance

SFRRX - Performance

Return Ranking - Trailing

Period SFRRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -1.3% 2.4% 98.86%
1 Yr N/A -7.9% 2.3% 14.39%
3 Yr N/A* -3.4% 1.7% 14.59%
5 Yr N/A* -2.5% 3.0% 14.08%
10 Yr N/A* -9.0% 4.6% 9.90%

* Annualized

Return Ranking - Calendar

Period SFRRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -8.1% 5.7% N/A
2018 N/A -12.2% 0.1% N/A
2017 N/A -2.7% 2.5% N/A
2016 N/A -0.4% 12.9% N/A
2015 N/A -12.5% -0.8% N/A

Total Return Ranking - Trailing

Period SFRRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -1.3% 2.4% 98.86%
1 Yr N/A -7.9% 2.4% 13.64%
3 Yr N/A* -3.4% 3.6% 18.45%
5 Yr N/A* -2.5% 3.0% 14.08%
10 Yr N/A* -9.0% 4.2% 9.90%

* Annualized

Total Return Ranking - Calendar

Period SFRRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -8.1% 5.7% N/A
2018 N/A -12.2% 2.5% N/A
2017 N/A -2.5% 7.2% N/A
2016 N/A -0.1% 12.9% N/A
2015 N/A -12.5% 1.6% N/A

NAV & Total Return History


Holdings

SFRRX - Holdings

Concentration Analysis

SFRRX Category Low Category High SFRRX % Rank
Net Assets 6.94 B 11.5 M 9.98 B 11.07%
Number of Holdings 244 29 1111 70.30%
Net Assets in Top 10 1.19 B -116 M 1.38 B 4.51%
Weighting of Top 10 18.50% 6.2% 89.5% 18.80%

Top 10 Holdings

  1. Arch Coal Inc 3.35%
  2. Avaya Inc 2.27%
  3. Caesars Resort Collection LLC 2.07%
  4. Sprint Communications Inc 1.99%
  5. Western Express Inc 1.84%
  6. Regency Entertainment Sa 1.74%
  7. iHeartMedia Inc 1.38%
  8. Ziggo BV 1.34%
  9. Tesla Inc 5.3% 1.29%
  10. Serta Simmons Bedding LLC 1.24%

Asset Allocation

Weighting Return Low Return High SFRRX % Rank
Bonds
93.21% 85.83% 154.72% 78.95%
Stocks
6.18% 0.00% 6.18% 1.88%
Other
0.40% -56.50% 3.67% 18.05%
Cash
0.20% -49.35% 13.53% 92.86%
Preferred Stocks
0.00% 0.00% 0.73% 72.93%
Convertible Bonds
0.00% 0.00% 6.01% 73.31%

Stock Sector Breakdown

Weighting Return Low Return High SFRRX % Rank
Energy
54.54% 0.00% 100.00% 21.36%
Communication Services
30.40% 0.00% 100.00% 45.63%
Technology
15.06% 0.00% 100.00% 12.62%
Utilities
0.00% 0.00% 86.15% 72.82%
Real Estate
0.00% 0.00% 28.28% 67.48%
Industrials
0.00% 0.00% 100.00% 81.07%
Healthcare
0.00% 0.00% 55.88% 69.90%
Financial Services
0.00% 0.00% 100.00% 73.79%
Consumer Defense
0.00% 0.00% 1.56% 71.84%
Consumer Cyclical
0.00% 0.00% 100.00% 89.81%
Basic Materials
0.00% 0.00% 100.00% 78.64%

Stock Geographic Breakdown

Weighting Return Low Return High SFRRX % Rank
US
6.18% 0.00% 6.18% 1.88%
Non US
0.00% 0.00% 0.81% 77.44%

Bond Sector Breakdown

Weighting Return Low Return High SFRRX % Rank
Corporate
99.68% 0.00% 99.84% 6.77%
Derivative
0.26% -0.01% 2.18% 5.64%
Cash & Equivalents
0.06% 0.00% 52.88% 95.86%
Securitized
0.00% 0.00% 95.67% 82.33%
Municipal
0.00% 0.00% 98.85% 71.43%
Government
0.00% 0.00% 7.14% 68.80%

Bond Geographic Breakdown

Weighting Return Low Return High SFRRX % Rank
US
59.05% 44.12% 142.27% 82.71%
Non US
34.16% 0.00% 100.53% 17.29%

Expenses

SFRRX - Expenses

Operational Fees

SFRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 3.86% 73.86%
Management Fee 0.58% 0.00% 1.00% 42.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

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

Trading Fees

SFRRX 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.

SFRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 1.00% 209.00% 75.47%

Distributions

SFRRX - Distributions

Dividend Yield Analysis

SFRRX Category Low Category High SFRRX % Rank
Dividend Yield 1.06% 0.00% 6.28% 33.46%

Dividend Distribution Analysis

SFRRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SFRRX Category Low Category High SFRRX % Rank
Net Income Ratio 5.55% 1.49% 10.03% 13.91%

Capital Gain Distribution Analysis

SFRRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

SFRRX - Fund Manager Analysis

Managers

David Lukkes


Start Date

Tenure

Tenure Rank

Oct 28, 2015

4.26

4.3%

Mr. Lukkes has been a senior portfolio manager of the High Yield Corporate Debt Team since January 2015 and a Vice President of the OppenheimerFunds, Inc.since June 2013. He was a Senior Research Analyst for the High Yield Corporate Debt Team from September 2008 to January 2015. He was an Assistant Vice President of OppenheimerFunds, Inc.from January 2012 to May 2013. Mr. Lukkes is a portfolio manager and officer of other portfolios in the OppenheimerFunds complex. David has a Bachelor’s degree in finance and accounting from Colorado State University and an M.B.A. from the University of Arizona. He holds the Chartered Financial Analyst designation. David covers energy, financials and metals/mining industries.

Anthony Arnese


Start Date

Tenure

Tenure Rank

Nov 01, 2019

0.25

0.3%

Anthony Arnese has been associated with Invesco Senior Secured and/or its affiliates since 2019. Prior to join Invesco, Mr. Arnese was associated with OppenheimerFunds and was responsible for the team's investments in the consumer products, food & beverage and retail sectors. Anthony joined OppenheimerFunds in July 2009. Prior to that, he was a senior high yield credit analyst at Swiss Re Asset Management since 2001. He has been a credit analyst since 1993 at firms including Silver Oak Asset Management and Northstar Investment Management. Anthony received a B.S. degree in finance from the University of Scranton in 1992. He holds the Chartered Financial Analyst designation. Anthony covers food/beverage, gaming/leisure and retail industries.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.2 5.26 1.42