TRTMX: Invesco Oppenheimer Total Return Bond Fund

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TRTMX Invesco Oppenheimer Total Return Bond Fund


Profile

TRTMX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.71 B
  • Holdings in Top 10 82.7%

52 WEEK LOW AND HIGH

$7.10
$6.74
$7.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.41%

SALES FEES

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

BROKERAGE FEES

  • Turnover 64.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.29%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Total Return 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
    Michael Hyman

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in investment-grade debt securities (generally referred to as "bonds"), and in derivatives and other instruments that have economic characteristics similar to such securities. A debt security is a security representing money borrowed by the issuer that must be repaid. The fund invests in securities that are rated investment-grade at the time of purchase.


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Categories

Performance

TRTMX - Performance

Return Ranking - Trailing

Period TRTMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -31.9% 954.3% 48.12%
1 Yr 1.6% -28.2% 951.8% 54.36%
3 Yr N/A* -17.5% 120.9% 11.98%
5 Yr N/A* -8.5% 60.6% 12.20%
10 Yr N/A* -5.2% 14.4% 8.00%

* Annualized

Return Ranking - Calendar

Period TRTMX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -5.8% 20.3% N/A
2018 N/A -29.6% 4.6% N/A
2017 N/A -6.0% 15.8% N/A
2016 N/A -7.8% 15.0% N/A
2015 N/A -11.6% 3.0% N/A

Total Return Ranking - Trailing

Period TRTMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -31.9% 954.3% 48.12%
1 Yr 1.6% -28.2% 951.8% 54.32%
3 Yr N/A* -17.5% 120.9% 21.35%
5 Yr N/A* -8.5% 60.6% 14.63%
10 Yr N/A* -5.2% 16.2% 10.40%

* Annualized

Total Return Ranking - Calendar

Period TRTMX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -5.8% 20.3% N/A
2018 N/A -29.6% 4.6% N/A
2017 N/A -6.0% 15.8% N/A
2016 N/A -7.8% 15.0% N/A
2015 N/A -9.9% 3.0% N/A

NAV & Total Return History


Holdings

TRTMX - Holdings

Concentration Analysis

TRTMX Category Low Category High TRTMX % Rank
Net Assets 1.71 B 619 K 88.4 B 29.01%
Number of Holdings 674 1 10083 24.64%
Net Assets in Top 10 1.34 B -202 M 26.9 B 6.30%
Weighting of Top 10 82.68% 2.6% 100.0% 4.11%

Top 10 Holdings

  1. 2 Year Treasury Note Future Sept 20 33.91%
  2. Invesco Shrt-Trm Inv Treasury Instl 7.97%
  3. Invesco Shrt-Trm Inv Gov&Agcy Instl 6.98%
  4. Ultra US Treasury Bond Future Sept 20 6.46%
  5. Federal National Mortgage Association 3% 6.42%
  6. Federal National Mortgage Association 3.5% 5.27%
  7. Invesco Shrt-Trm Inv Liq Assets Instl 4.98%
  8. 10 Year Treasury Note Future Sept 20 3.97%
  9. Government National Mortgage Association 3.5% 3.76%
  10. Ultra 10 Year US Treasury Note Future Sept 20 2.95%

Asset Allocation

Weighting Return Low Return High TRTMX % Rank
Bonds
130.91% 78.92% 199.79% 1.93%
Convertible Bonds
0.49% 0.00% 9.45% 38.44%
Stocks
0.25% -4.99% 21.62% 3.86%
Preferred Stocks
0.00% -0.17% 22.02% 55.77%
Other
0.00% -9.40% 31.94% 49.15%
Cash
-31.65% -128.23% 19.68% 97.84%

Bond Sector Breakdown

Weighting Return Low Return High TRTMX % Rank
Government
32.72% -2.21% 99.96% 14.53%
Securitized
28.27% 0.00% 97.53% 25.10%
Corporate
25.50% 0.00% 99.00% 39.45%
Cash & Equivalents
13.10% -26.49% 93.17% 6.53%
Municipal
0.41% 0.00% 100.06% 65.38%
Derivative
0.00% 0.00% 39.43% 54.62%

Bond Geographic Breakdown

Weighting Return Low Return High TRTMX % Rank
US
119.24% 49.78% 199.79% 2.67%
Non US
11.67% -12.10% 39.65% 23.36%

Expenses

TRTMX - Expenses

Operational Fees

TRTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.41% 0.01% 34.57% 89.13%
Management Fee 0.34% 0.00% 1.60% 32.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

TRTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

TRTMX 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.

TRTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 0.00% 496.90% 62.37%

Distributions

TRTMX - Distributions

Dividend Yield Analysis

TRTMX Category Low Category High TRTMX % Rank
Dividend Yield 0.00% 0.00% 3.88% 47.86%

Dividend Distribution Analysis

TRTMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

TRTMX Category Low Category High TRTMX % Rank
Net Income Ratio 3.29% -0.81% 6.02% 8.82%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TRTMX - Fund Manager Analysis

Managers

Michael Hyman


Start Date

Tenure

Tenure Rank

Jun 21, 2019

1.2

1.2%

Michael Hyman is Chief Investment Officer, Global Investment Grade & Emerging Markets for Invesco Fixed Income. He joined Invesco in 2013 and entered the industry in 1991. Previously, Mr. Hyman was with ING Investment Management and ING Institutional Markets for 12 years. At ING, he was the head of investment grade corporate credit, responsible for investment grade corporate credit as well as collaterized loan obligation and synthetic collateralized debt obligation investment portfolios. Mr. Hyman earned a BSE degree in finance from Pennsylvania State University and an MBA from NYU.

Matthew Brill


Start Date

Tenure

Tenure Rank

Jan 14, 2020

0.63

0.6%

Matt Brill is a senior portfolio manager for Invesco Fixed Income. He is responsible for implementing investment grade credit strategies across the fixed income platform. Prior to joining Invesco in 2013, Mr. Brill was a portfolio manager and vice president at ING Investment Management and a portfolio analyst at Wells Real Estate Funds. He entered the industry in 2002. Mr. Brill earned a BA degree in economics at Washington and Lee University. He is also a CFA charterholder.

Todd Schomberg


Start Date

Tenure

Tenure Rank

Jan 14, 2020

0.63

0.6%

Todd Schomberg is a Portfolio Manager for ING U.S. Investment Management's investment grade team. Prior to joining ING U.S. Investment Management, Todd worked as a Senior Fixed Income Investment Analyst for Wells Capital Management. Todd received a B.S. degree in Finance and Economics from the University of Wisconsin-La Crosse and an M.B.A. from the University of Wisconsin-Madison. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 7.05 0.17