VSLCX - Snapshot
Vitals
- YTD Return 3.6%
- 3 Yr Annualized Return 2.9%
- 5 Yr Annualized Return 4.7%
- Net Assets $1.3 B
- Holdings in Top 10 9.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 2.80%
SALES FEES
- Front Load N/A
- Deferred Load 1.00%
BROKERAGE FEES
- Turnover 55.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA N/A
Fund Classification
-
Primary Theme
Bank Loan
- Fund Type Closed-end mutual fund
- Investment Style Bank Loan
VSLCX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.05%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco Senior Loan Fund
-
Fund Family NameInvesco
-
Inception DateFeb 18, 2005
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPhilip Yarrow
Fund Description
The fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in adjustable rate senior loans (“Senior Loans”). Senior Loans are loans made to borrowers that may be corporations, partnerships or other entities (“Borrowers”). It may invest up to 20% of its total assets, measured at the time of investment, in Senior Loans made to Borrowers that are organized or located in countries other than the U.S.
VSLCX - Performance
Return Ranking - Trailing
| Period | VSLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.0% | 10.5% | 12.15% |
| 1 Yr | 16.0% | 2.1% | 54.6% | 17.78% |
| 3 Yr | 2.9%* | -0.8% | 5.9% | 68.93% |
| 5 Yr | 4.7%* | 1.5% | 8.6% | 22.69% |
| 10 Yr | 4.2%* | 1.8% | 6.6% | 23.78% |
* Annualized
Return Ranking - Calendar
| Period | VSLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -3.4% | -16.5% | 289.8% | 67.13% |
| 2019 | 2.7% | -8.1% | 7.5% | 52.77% |
| 2018 | -4.9% | -12.2% | 5.5% | 58.91% |
| 2017 | 1.1% | -4.2% | 3.7% | 6.84% |
| 2016 | 8.9% | -65.0% | 12.9% | 5.00% |
Total Return Ranking - Trailing
| Period | VSLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.0% | 10.5% | 12.15% |
| 1 Yr | 15.0% | 1.1% | 54.6% | 22.82% |
| 3 Yr | 2.9%* | -1.3% | 10.2% | 62.78% |
| 5 Yr | 4.7%* | 1.5% | 8.6% | 29.63% |
| 10 Yr | 4.2%* | 1.8% | 6.6% | 21.88% |
* Annualized
Total Return Ranking - Calendar
| Period | VSLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -3.4% | -16.5% | 289.8% | 67.13% |
| 2019 | 2.7% | -8.1% | 7.5% | 53.87% |
| 2018 | -4.9% | -12.2% | 5.5% | 66.28% |
| 2017 | 1.1% | -4.2% | 7.2% | 15.81% |
| 2016 | 8.9% | -65.0% | 12.9% | 7.73% |
NAV & Total Return History
VSLCX - Holdings
Concentration Analysis
| VSLCX | Category Low | Category High | VSLCX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.3 B | 10 M | 9.05 B | 39.71% |
| Number of Holdings | 716 | 12 | 1358 | 6.63% |
| Net Assets in Top 10 | 57.8 M | -171 M | 2.09 B | 56.63% |
| Weighting of Top 10 | 9.35% | 5.2% | 94.1% | 75.83% |
Top 10 Holdings
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
- 1011778 B.C. Unlimited Liability Company Term Loan B4 1.93%
Asset Allocation
| Weighting | Return Low | Return High | VSLCX % Rank | |
|---|---|---|---|---|
| Bonds | 87.70% | 43.06% | 172.61% | 78.61% |
| Cash | 7.34% | -72.73% | 55.70% | 39.16% |
| Stocks | 2.76% | 0.00% | 15.04% | 2.11% |
| Other | 1.80% | -54.12% | 14.38% | 6.63% |
| Preferred Stocks | 0.37% | 0.00% | 26.72% | 13.25% |
| Convertible Bonds | 0.03% | 0.00% | 3.77% | 54.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VSLCX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 35.78% | 0.00% | 73.51% | 7.03% |
| Utilities | 26.41% | 0.00% | 100.00% | 5.86% |
| Energy | 16.76% | 0.00% | 100.00% | 53.91% |
| Communication Services | 16.51% | 0.00% | 99.96% | 48.83% |
| Industrials | 4.55% | 0.00% | 100.00% | 31.64% |
| Technology | 0.00% | 0.00% | 100.00% | 69.14% |
| Real Estate | 0.00% | 0.00% | 27.25% | 58.98% |
| Healthcare | 0.00% | 0.00% | 99.69% | 67.58% |
| Financial Services | 0.00% | 0.00% | 100.00% | 65.23% |
| Consumer Defense | 0.00% | 0.00% | 33.89% | 71.48% |
| Basic Materials | 0.00% | 0.00% | 27.85% | 64.06% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VSLCX % Rank | |
|---|---|---|---|---|
| US | 2.76% | -0.01% | 15.33% | 1.81% |
| Non US | 0.00% | -0.29% | 2.76% | 77.71% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VSLCX % Rank | |
|---|---|---|---|---|
| Corporate | 91.97% | 0.00% | 100.00% | 39.88% |
| Cash & Equivalents | 7.68% | 0.00% | 58.10% | 41.99% |
| Securitized | 0.30% | 0.00% | 100.00% | 48.94% |
| Municipal | 0.05% | 0.00% | 0.56% | 9.37% |
| Derivative | 0.00% | 0.00% | 8.76% | 69.18% |
| Government | 0.00% | 0.00% | 5.93% | 65.26% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VSLCX % Rank | |
|---|---|---|---|---|
| US | 57.97% | 3.54% | 128.54% | 91.57% |
| Non US | 29.73% | 0.00% | 128.52% | 14.76% |
VSLCX - Expenses
Operational Fees
| VSLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.80% | 0.02% | 7.50% | 13.62% |
| Management Fee | 0.90% | 0.00% | 2.40% | 88.62% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 91.03% |
| Administrative Fee | 0.25% | 0.03% | 0.40% | 92.38% |
Sales Fees
| VSLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 3.00% | 82.35% |
Trading Fees
| VSLCX 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.
| VSLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 55.00% | 8.00% | 412.00% | 48.75% |
VSLCX - Distributions
Dividend Yield Analysis
| VSLCX | Category Low | Category High | VSLCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.36% | 0.00% | 4.58% | 61.19% |
Dividend Distribution Analysis
| VSLCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| VSLCX | Category Low | Category High | VSLCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.05% | 1.57% | 10.93% | 91.61% |
Capital Gain Distribution Analysis
| VSLCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jul 31, 2019 | $0.022 |
| May 31, 2019 | $0.022 |
| Jan 31, 2019 | $0.020 |
| Dec 31, 2018 | $0.026 |
| Nov 30, 2018 | $0.026 |
| Aug 31, 2018 | $0.020 |
| Jun 29, 2018 | $0.018 |
| Apr 30, 2018 | $0.018 |
| Mar 29, 2018 | $0.018 |
| Jan 31, 2018 | $0.018 |
| Dec 29, 2017 | $0.018 |
| Sep 29, 2017 | $0.018 |
| Jun 30, 2017 | $0.018 |
| May 31, 2017 | $0.021 |
| Apr 28, 2017 | $0.021 |
| Mar 31, 2017 | $0.021 |
| Feb 28, 2017 | $0.021 |
| Jan 31, 2017 | $0.021 |
| Dec 30, 2016 | $0.021 |
| Nov 30, 2016 | $0.021 |
| Oct 31, 2016 | $0.023 |
| Sep 30, 2016 | $0.023 |
| Aug 31, 2016 | $0.023 |
| Jun 30, 2016 | $0.023 |
| May 31, 2016 | $0.024 |
| Apr 29, 2016 | $0.027 |
| Mar 31, 2016 | $0.029 |
| Feb 29, 2016 | $0.029 |
| Jan 29, 2016 | $0.029 |
| Nov 30, 2015 | $0.029 |
| Oct 30, 2015 | $0.027 |
| Mar 31, 2015 | $0.027 |
| Feb 27, 2015 | $0.027 |
| Dec 31, 2014 | $0.027 |
| Nov 28, 2014 | $0.027 |
| May 30, 2014 | $0.024 |
| Feb 28, 2014 | $0.024 |
| Dec 31, 2013 | $0.024 |
| Aug 30, 2013 | $0.032 |
| Jun 28, 2013 | $0.032 |
| May 31, 2013 | $0.032 |
| Mar 28, 2013 | $0.032 |
| Feb 28, 2013 | $0.032 |
| Jan 31, 2013 | $0.033 |
| Dec 31, 2012 | $0.065 |
| Nov 30, 2012 | $0.033 |
| Oct 31, 2012 | $0.027 |
| Sep 28, 2012 | $0.027 |
| Aug 31, 2012 | $0.027 |
| Jul 31, 2012 | $0.026 |
| Jun 29, 2012 | $0.026 |
| May 31, 2012 | $0.026 |
| Apr 30, 2012 | $0.026 |
| Mar 30, 2012 | $0.026 |
| Feb 29, 2012 | $0.023 |
| Jan 31, 2012 | $0.024 |
| Dec 30, 2011 | $0.024 |
| Nov 30, 2011 | $0.024 |
| Oct 31, 2011 | $0.024 |
| Sep 30, 2011 | $0.024 |
| Aug 31, 2011 | $0.023 |
| Jul 29, 2011 | $0.023 |
| Jun 30, 2011 | $0.023 |
| May 31, 2011 | $0.023 |
| Apr 29, 2011 | $0.023 |
| Mar 31, 2011 | $0.021 |
| Feb 28, 2011 | $0.021 |
| Jan 31, 2011 | $0.021 |
| Dec 31, 2010 | $0.021 |
| Nov 30, 2010 | $0.021 |
| Oct 29, 2010 | $0.021 |
| Sep 30, 2010 | $0.023 |
| Aug 31, 2010 | $0.023 |
| Jul 30, 2010 | $0.026 |
| Jun 30, 2010 | $0.029 |
VSLCX - Fund Manager Analysis
Managers
Philip Yarrow
Start Date
Tenure
Tenure Rank
Mar 31, 2007
14.26
14.3%
Philip Yarrow is a Portfolio Manager for Invesco Senior Secured Management, Inc. Mr. Yarrow entered the industry in 1995 and joined Invesco in 2010, when the firm combined with Van Kampen. He was previously a portfolio manager in the senior loan group and member of the group’s investment committee at Van Kampen, which he joined in 2005. Prior to joining Invesco Senior Secured, Mr. Yarrow was an Executive Director with Morgan Stanley. Prior to that, he served as a credit analyst and a portfolio manager at Bank One/JPMorgan. Mr. Yarrow earned a BS degree in mathematics and economics from the Uni
Thomas Ewald
Start Date
Tenure
Tenure Rank
Jun 25, 2010
11.02
11.0%
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, To
Scott Baskind
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.01
8.0%
Scott Baskind Head of Global Senior Loans and Chief Investment Officer Scott is the president and managing director of Invesco’s US$27.9 billion senior loan business and serves as the group’s chief investment officer. Scott is head of the senior loan Investment Committee and serves as the senior portfolio manager for several funds. Scott joined Invesco Senior Secured Management, Inc. in 1999 as a credit analyst, and has taken on progressively more senior roles including his current position in 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 22.68 | 5.96 | 2.33 |