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SRRCX Invesco Strategic Real Return C

  • Fund
  • SRRCX
  • Price as of: Jun 04, 2019
  • $9.52 - $0.00 - 0.00%
  • Category
  • Total Bond Market

SRRCX - Profile

Vitals

  • YTD Return 4.0%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $44.3 M
  • Holdings in Top 10 45.0%

52 WEEK LOW AND HIGH

$9.52
$9.12
$9.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.42%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 4.0%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Strategic Real Return Fund
  • Fund Family Name Invesco
  • Inception Date Apr 30, 2014
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Young

Fund Description

The fund seeks to achieve its investment objective by actively allocating assets across three debt-related asset classes: (i) U.S. Treasury Inflation-Protected Securities (TIPS Portfolio); (ii) bank loans (Bank Loan Portfolio); and (iii) high yield securities (High Yield Portfolio). It may hold long and short positions in derivatives.

SRRCX - Performance

Return Ranking - Trailing

Period SRRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -3.3% 10.0% 31.11%
1 Yr -0.2% -16.1% 6.8% 87.19%
3 Yr -0.2%* -4.3% 44.5% 57.83%
5 Yr -1.2%* -6.2% 23.5% 84.37%
10 Yr -3.7%* -7.3% 15.9% 99.88%

* Annualized


Return Ranking - Calendar

Period SRRCX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.4% -22.2% 3.1% 85.16%
2017 0.7% -5.1% 25.1% 58.17%
2016 4.1% -8.5% 192.8% 8.15%
2015 -5.1% -33.0% 3.0% 85.07%
2014 -29.8% -29.8% 32.1% 100.00%

Total Return Ranking - Trailing

Period SRRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -3.3% 10.5% 34.18%
1 Yr -0.2% -16.1% 9.6% 89.95%
3 Yr -0.2%* -4.3% 49.7% 70.39%
5 Yr -1.2%* -3.8% 28.8% 90.14%
10 Yr -3.7%* -7.3% 18.7% 99.88%

* Annualized


Total Return Ranking - Calendar

Period SRRCX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.4% -22.2% 7.9% 88.46%
2017 0.7% -4.6% 25.1% 66.21%
2016 4.1% -4.1% 204.3% 15.20%
2015 -5.1% -32.4% 4.2% 88.53%
2014 -29.8% -29.8% 32.1% 100.00%

NAV & Total Return History

SRRCX - Holdings

Concentration Analysis

SRRCX Category Low Category High SRRCX % Rank
Net Assets 44.3 M 337 K 218 B 94.54%
Number of Holdings 341 3 17333 65.76%
Net Assets in Top 10 20.5 M -1.98 B 29.3 B 88.01%
Weighting of Top 10 44.96% 4.0% 1535.2% 25.72%

Top 10 Holdings

  1. Invesco Floating Rate R6 30.96%

  2. United States Treasury Notes 0.12% 1.77%

  3. United States Treasury Notes 0.62% 1.58%

  4. United States Treasury Notes 0.12% 1.58%

  5. United States Treasury Notes 0.12% 1.53%

  6. United States Treasury Notes 0.62% 1.53%

  7. United States Treasury Notes 0.12% 1.51%

  8. United States Treasury Notes 0.62% 1.51%

  9. United States Treasury Notes 0.12% 1.51%

  10. United States Treasury Notes 0.12% 1.49%


Asset Allocation

Weighting Return Low Return High SRRCX % Rank
Bonds
95.86% -248.60% 340.77% 44.77%
Preferred Stocks
1.55% 0.00% 20.33% 3.66%
Convertible Bonds
0.77% 0.00% 18.42% 30.98%
Stocks
0.75% -0.99% 97.68% 8.53%
Other
0.54% -98.75% 57.15% 12.19%
Cash
0.53% -246.66% 358.29% 78.08%

Stock Sector Breakdown

Weighting Return Low Return High SRRCX % Rank
Utilities
0.25% -0.05% 8.49% 8.51%
Industrials
0.18% -0.14% 11.90% 12.27%
Energy
0.09% -0.07% 13.35% 20.66%
Basic Materials
0.06% -0.07% 7.31% 11.79%
Consumer Cyclical
0.05% -0.17% 9.93% 17.62%
Technology
0.00% -0.33% 12.59% 46.29%
Real Estate
0.00% -0.04% 11.09% 48.60%
Healthcare
0.00% -0.20% 10.12% 46.90%
Financial Services
0.00% -0.20% 19.84% 51.52%
Communication Services
0.00% -0.05% 4.13% 48.24%
Consumer Defense
0.00% -0.21% 11.75% 44.35%

Stock Geographic Breakdown

Weighting Return Low Return High SRRCX % Rank
US
0.71% -4.76% 57.02% 7.46%
Non US
0.04% -0.62% 92.84% 8.73%

Bond Sector Breakdown

Weighting Return Low Return High SRRCX % Rank
Corporate
52.40% 0.00% 128.48% 17.42%
Government
45.57% -91.96% 178.24% 12.62%
Cash & Equivalents
0.46% -547.52% 359.78% 76.23%
Securitized
0.08% 0.00% 102.58% 95.13%
Derivative
0.00% -207.30% 299.06% 45.99%
Municipal
0.00% 0.00% 102.07% 76.17%

Bond Geographic Breakdown

Weighting Return Low Return High SRRCX % Rank
US
89.52% -245.97% 218.41% 32.91%
Non US
6.34% -108.37% 122.36% 73.28%

SRRCX - Expenses

Operational Fees

SRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.42% 0.00% 38.42% 1.67%
Management Fee 0.40% 0.00% 2.15% 49.80%
12b-1 Fee 1.00% 0.00% 1.00% 87.51%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

SRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.15% 5.50% 41.70%

Trading Fees

SRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

SRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 2337.00% 5.13%

SRRCX - Distributions

Dividend Yield Analysis

SRRCX Category Low Category High SRRCX % Rank
Dividend Yield 0.03% 0.00% 6.64% 28.70%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

SRRCX Category Low Category High SRRCX % Rank
Net Income Ratio 2.93% -2.82% 7.22% 27.71%

Capital Gain Distribution Analysis

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

SRRCX - Managers

Robert Young

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2014

5.09

5.1%

Robert Young, Portfolio Manager, has been associated with Invesco Advisers and/or its affiliates since 2001. Robert Young is a Senior Portfolio Manager for Invesco Fixed Income. Mr. Young manages and trades for institutional investment grade and non-investment grade convertible portfolios. He is also responsible for Invesco's structured convertible security effort that focuses on customized risk-return solutions as stand-alone products or as a complement to existing portfolios. In addition, he co-manages two inflation-focused products. He entered the industry in 1993. Previously, Mr. Young worked at Oppenheimer Funds and T. Rowe Price Associates. Mr. Young earned a BA degree in economics from Cornell University and an MBA in finance and international business from Fordham University. He is a CFA charterholder.


Thomas Ewald

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2014

5.09

5.1%

Thomas Ewald, Portfolio Manager, has been associated with Invesco Senior Secured and/or its affiliates since 2000. Tom is a Senior Portfolio Manager in Invesco’s Senior Secured Bank Loan Group and a member of the Investment Committee. He is responsible for credit research and portfolio management with a focus on retail funds. Tom joined Invesco in 2000 as a Credit Analyst and was promoted to Portfolio Manager in 2001. Prior to joining Invesco, Tom was one of the initial members of First Union Institutional Debt Management and assisted in growing assets under management. Before joining IDM, Tom worked for several departments within First Union Securities, including par loan research, syndications and mergers and acquisitions. After graduating from college, Tom was with Barclays Bank PLC, where he worked in middle market lending, real estate and credit. Following Barclays, Tom was Deputy Head of International Lending for Al-Ahli Bank of Kuwait. Tom earned an A.B. from Harvard College and an M.B.A. from the Darden School at the University of Virginia.


Brian Schneider

Manager

Start Date

Tenure

Tenure Rank

Mar 14, 2016

3.21

3.2%

Brian Schneider is head of U.S. interest rates and a senior portfolio manager for Invesco Fixed Income (IFI). As head of U.S. interest rates, Mr. Schneider manages the trading desk through which these government- and derivative-related transactions flow. He has served as portfolio manager for IFI’s institutional intermediate government product since 2001. Mr. Schneider earned a Bachelor of Arts degree in economics and a Masters of Business Administration degree, both from Bellarmine College. He is a CFA charterholder and a member of the CFA Institute and the CFA Society of Louisville.


Scott Roberts

Manager

Start Date

Tenure

Tenure Rank

Oct 13, 2016

2.63

2.6%

Scott Roberts is Co-Head of the High Yield team for Invesco Fixed Income. He is also a Senior Portfolio Manager on the team and has analytical responsibilities for the chemicals, energy and utility areas. Mr. Roberts joined Invesco in 2000 as a high yield analyst and was named portfolio manager in 2009. Previously, he was a high yield analyst and trader with Van Kampen Investment Advisory Corp. He entered the industry in 1995. Mr. Roberts earned a BBA degree in finance from the University of Houston. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

30.43

Category Average

6.96

Category Mode

7.04