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Invesco Senior Floating Rate Fund
mutual fund
OOSIX
Payout Change
Pending
Price as of:
$6.59
+0.0
+0.0%
primary theme
Bank Loan
share class
OOSIX (Mutual Fund)
Invesco Senior Floating Rate Fund
Payout Change
Pending
Price as of:
$6.59
+0.0
+0.0%
primary theme
Bank Loan
share class
OOSIX (Mutual Fund)
Invesco Senior Floating Rate Fund
Payout Change
Pending
Price as of:
$6.59
+0.0
+0.0%
primary theme
Bank Loan
share class
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.6%
1 yr return
9.4%
3 Yr Avg Return
6.5%
5 Yr Avg Return
4.9%
Net Assets
$3.16 B
Holdings in Top 10
9.5%
52 WEEK LOW AND HIGH
$6.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 86.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
OOSIX - Profile
Distributions
- YTD Total Return 8.6%
- 3 Yr Annualized Total Return 6.5%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.94%
- Dividend Yield 9.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco Senior Floating Rate Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateOct 26, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Lukkes
Fund Description
The Fund invests mainly in floating rate loans (sometimes referred to as “adjustable rate loans”) that hold (or in the judgment of the investment adviser, 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 (or at least as high as) other obligations of a borrower in the event of liquidation. These investments are referred to as “Senior Loans.” Senior Loans may be collateralized or uncollateralized. They typically pay interest at rates that float above, or are adjusted periodically based on, a benchmark that reflects current interest rates.
Under normal market conditions, the Fund 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. The Fund may invest in Senior Loans directly as an original lender, or by assignment from a lender, or it may invest indirectly through loan participation agreements. While most of these Senior Loans will be collateralized, the Fund can also invest up to 10% of its net assets (plus the amount of borrowings for investment purposes) in uncollateralized Senior Loans.
The Fund can invest up to 20% of its total assets in cash (whether U.S. dollars or a foreign currency) or cash equivalents, or in other loans, securities and other investments, including but not limited to: secured or unsecured fixed-rate loans, fixed or floating rate notes or bonds, securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, investment-grade short-term debt obligations, equity securities (including common stocks, preferred stocks, rights, warrants, and securities convertible into common stock) and derivatives. The Fund also may invest in Senior Loans made in connection with highly leveraged transactions, including but not limited to, operating loans, leveraged buyout loans, and leveraged capitalization loans. The Fund can invest 25% or more
of its total assets in securities of the group of industries in the financial securities sector.
The Fund can invest in investment-grade or below-investment-grade debt instruments (sometimes referred to as “high yield” or “junk” securities). The Fund can invest up to 100% of its assets in debt instruments rated below-investment-grade, and will normally invest a substantial portion of its assets in those securities. “Investment-grade” debt instruments are rated in one of the four highest rating categories by nationally recognized statistical rating organizations such as Moody’s or S&P Global Ratings (or, in the case of unrated securities, determined by the Adviser to be comparable to securities rated investment-grade). The Fund may also invest in unrated instruments, in which case the Fund’s Adviser may assign ratings to those instruments, after assessing their credit quality and other factors, in investment-grade or below-investment-grade categories similar to those of nationally recognized statistical rating organizations. The Fund may invest in defaulted or distressed loans and loans to bankrupt companies. There can be no assurance, nor is it intended, that the Adviser’s credit analysis is consistent or comparable with the credit analysis process used by a nationally recognized statistical rating organization.
The Fund may invest in securities of U.S. and foreign issuers. The Fund can invest in Senior Loans or other investments (such as subordinated debt and fixed-rate loans) issued by foreign entities.
The Fund has no requirements as to the range of maturities of the debt instruments it can buy or as to the market capitalization of the issuers of those instruments. The Fund can borrow up to one-third of the Fund’s assets (including the amount borrowed) and use other techniques to manage its cash flow, to redeem shares, or to purchase assets, a technique referred to as “leverage.” The Fund may also use certain types of derivative investments to try to enhance income or to try to manage (hedge) investment risks, including, but not limited to, options, futures contracts, swaps, and “structured” notes.
The Fund can engage in foreign currency transactions either on a spot basis (i.e. for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time) or through forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund can use currency futures and currency swaps to hedge its exposure to foreign currencies.
In selecting investments for the Fund, the portfolio managers evaluate overall investment opportunities and risks among the types of investments the Fund can hold. They analyze the credit standing and risks of borrowers whose loans or debt securities they are considering for the Fund’s portfolio. They evaluate information about borrowers from their own research or research supplied by rating organizations, agent banks or other sources and select only those loans that they believe are likely to pay the interest and repay the principal when it becomes due. The portfolio managers consider many factors, including, among others,
◾
the borrower’s past and expected future financial performance
◾
the experience and depth of the borrower’s management
◾
the status of the borrower’s industry and its position in that industry
◾
the collateral for the loan or other debt security
◾
the borrower’s assets and cash flows
◾
the credit quality of the debt obligations of the bank servicing the loan and other intermediaries imposed between the borrower and the Fund. The credit research process utilized by the Fund to implement its investment strategy in pursuit of its investment objective considers factors that may include, but are not limited to, an issuer’s operations, capital structure and environmental, social and governance (“ESG”) considerations. Credit quality analysis for certain issuers therefore may consider whether any ESG factors pose a material financial risk or opportunity to an issuer. The Adviser may determine that ESG considerations are not material to certain issuers or types of investments held by the Fund. In addition, not all issuers or Fund
investments may undergo a credit quality analysis that considers ESG factors, and not all investments held by the Fund will rate strongly on ESG criteria.
There can be no assurance that the portfolio managers’ analysis will identify all of the factors that may impair the value of a Senior Loan or other investment.
OOSIX - Performance
Return Ranking - Trailing
| Period | OOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -3.4% | 10.9% | 41.51% |
| 1 Yr | 9.4% | -3.2% | 13.1% | 43.02% |
| 3 Yr | 6.5%* | -6.8% | 8.2% | 15.56% |
| 5 Yr | 4.9%* | -6.1% | 38.3% | 36.93% |
| 10 Yr | 4.0%* | -2.0% | 19.9% | 46.15% |
* Annualized
Return Ranking - Calendar
| Period | OOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.3% | -12.0% | 11.1% | 76.23% |
| 2022 | -7.9% | -22.9% | 5.1% | 60.08% |
| 2021 | 4.1% | -12.2% | 11.1% | 3.17% |
| 2020 | -9.1% | -14.1% | 289.8% | 96.69% |
| 2019 | -2.7% | -8.1% | 7.5% | 98.30% |
Total Return Ranking - Trailing
| Period | OOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -3.4% | 10.9% | 41.51% |
| 1 Yr | 9.4% | -3.2% | 13.1% | 43.02% |
| 3 Yr | 6.5%* | -6.8% | 8.2% | 15.56% |
| 5 Yr | 4.9%* | -6.1% | 38.3% | 36.93% |
| 10 Yr | 4.0%* | -2.0% | 19.9% | 46.15% |
* Annualized
Total Return Ranking - Calendar
| Period | OOSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | -12.0% | 22.1% | 4.91% |
| 2022 | 0.7% | -22.9% | 5.1% | 1.94% |
| 2021 | 10.0% | -10.2% | 11.1% | 0.79% |
| 2020 | -3.7% | -14.1% | 306.9% | 88.84% |
| 2019 | 3.2% | -3.6% | 10.5% | 96.60% |
NAV & Total Return History
OOSIX - Holdings
Concentration Analysis
| OOSIX | Category Low | Category High | OOSIX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.16 B | 29.9 M | 13.5 B | 18.15% |
| Number of Holdings | 551 | 2 | 2051 | 14.40% |
| Net Assets in Top 10 | 287 M | -191 M | 2.37 B | 24.51% |
| Weighting of Top 10 | 9.51% | 5.2% | 100.7% | 81.25% |
Top 10 Holdings
- Invesco Government Agency Portfolio, Institutional Class 1.51%
- My Alarm Center, LLC, Class A 1.27%
- Invesco Treasury Portfolio, Institutional Class 1.01%
- Monitronics International, Inc., Term Loan 1.00%
- Murray Energy Corp. 0.90%
- Spin Holdco Inc., Term Loan 0.84%
- AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan 0.79%
- Sigma Holdco B.V., Term Loan 0.76%
- Carnival Corp., Term Loan 0.74%
- Restoration Forest Products Group, LLC 0.70%
Asset Allocation
| Weighting | Return Low | Return High | OOSIX % Rank | |
|---|---|---|---|---|
| Bonds | 92.86% | 0.00% | 161.82% | 71.98% |
| Stocks | 5.47% | 0.00% | 100.74% | 13.62% |
| Cash | 2.51% | -61.90% | 16.36% | 53.70% |
| Preferred Stocks | 0.50% | -3.99% | 7.54% | 9.73% |
| Other | 0.25% | -52.39% | 26.58% | 28.79% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 83.53% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OOSIX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 86.92% |
| Technology | 0.00% | 0.00% | 100.00% | 83.85% |
| Real Estate | 0.00% | 0.00% | 48.61% | 76.54% |
| Industrials | 0.00% | 0.00% | 100.00% | 90.38% |
| Healthcare | 0.00% | 0.00% | 100.00% | 77.31% |
| Financial Services | 0.00% | 0.00% | 89.61% | 82.69% |
| Energy | 0.00% | 0.00% | 100.00% | 25.77% |
| Communication Services | 0.00% | 0.00% | 100.00% | 23.46% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 87.31% |
| Consumer Cyclical | 0.00% | 0.00% | 97.66% | 91.92% |
| Basic Materials | 0.00% | 0.00% | 1.36% | 81.92% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OOSIX % Rank | |
|---|---|---|---|---|
| US | 5.46% | -0.01% | 100.74% | 10.89% |
| Non US | 0.01% | 0.00% | 0.68% | 18.68% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | OOSIX % Rank | |
|---|---|---|---|---|
| Corporate | 90.27% | 0.00% | 99.80% | 42.75% |
| Cash & Equivalents | 2.51% | 0.00% | 25.03% | 46.30% |
| Municipal | 0.47% | 0.00% | 0.47% | 1.18% |
| Derivative | 0.25% | -11.46% | 0.67% | 7.00% |
| Securitized | 0.23% | 0.00% | 91.68% | 45.49% |
| Government | 0.00% | 0.00% | 3.18% | 81.18% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | OOSIX % Rank | |
|---|---|---|---|---|
| US | 82.53% | 0.00% | 124.50% | 77.82% |
| Non US | 10.33% | 0.00% | 63.23% | 19.07% |
OOSIX - Expenses
Operational Fees
| OOSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.74% | 0.03% | 5.51% | 86.36% |
| Management Fee | 0.61% | 0.00% | 1.89% | 43.94% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| OOSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| OOSIX 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.
| OOSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 86.00% | 4.00% | 180.00% | 73.14% |
OOSIX - Distributions
Dividend Yield Analysis
| OOSIX | Category Low | Category High | OOSIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.00% | 0.00% | 11.13% | 9.06% |
Dividend Distribution Analysis
| OOSIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| OOSIX | Category Low | Category High | OOSIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.94% | 1.77% | 9.82% | 10.67% |
Capital Gain Distribution Analysis
| OOSIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.049 | OrdinaryDividend |
| Oct 31, 2024 | $0.049 | OrdinaryDividend |
| Sep 30, 2024 | $0.049 | OrdinaryDividend |
| Aug 30, 2024 | $0.049 | OrdinaryDividend |
| Jul 31, 2024 | $0.051 | OrdinaryDividend |
| Apr 30, 2024 | $0.051 | OrdinaryDividend |
| Mar 28, 2024 | $0.054 | OrdinaryDividend |
| Feb 29, 2024 | $0.054 | OrdinaryDividend |
| Jan 31, 2024 | $0.055 | OrdinaryDividend |
| Dec 29, 2023 | $0.055 | OrdinaryDividend |
| Nov 30, 2023 | $0.055 | OrdinaryDividend |
| Oct 31, 2023 | $0.055 | OrdinaryDividend |
| Sep 29, 2023 | $0.055 | OrdinaryDividend |
| Aug 31, 2023 | $0.054 | OrdinaryDividend |
| Jul 31, 2023 | $0.053 | OrdinaryDividend |
| Jun 30, 2023 | $0.044 | OrdinaryDividend |
| May 31, 2023 | $0.044 | OrdinaryDividend |
| Apr 28, 2023 | $0.044 | OrdinaryDividend |
| Mar 31, 2023 | $0.044 | OrdinaryDividend |
| Feb 28, 2023 | $0.044 | OrdinaryDividend |
| Jan 31, 2023 | $0.044 | OrdinaryDividend |
| Dec 30, 2022 | $0.207 | OrdinaryDividend |
| Nov 30, 2022 | $0.041 | OrdinaryDividend |
| Oct 31, 2022 | $0.039 | OrdinaryDividend |
| Sep 30, 2022 | $0.036 | OrdinaryDividend |
| Aug 31, 2022 | $0.034 | OrdinaryDividend |
| Jul 29, 2022 | $0.031 | OrdinaryDividend |
| Jun 30, 2022 | $0.031 | OrdinaryDividend |
| May 31, 2022 | $0.027 | OrdinaryDividend |
| Apr 29, 2022 | $0.027 | OrdinaryDividend |
| Mar 31, 2022 | $0.026 | OrdinaryDividend |
| Feb 28, 2022 | $0.026 | OrdinaryDividend |
| Jan 31, 2022 | $0.026 | OrdinaryDividend |
| Dec 31, 2021 | $0.058 | OrdinaryDividend |
| Nov 30, 2021 | $0.023 | OrdinaryDividend |
| Oct 29, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.030 | OrdinaryDividend |
| Aug 31, 2021 | $0.033 | OrdinaryDividend |
| Jul 30, 2021 | $0.024 | OrdinaryDividend |
| Jun 30, 2021 | $0.022 | OrdinaryDividend |
| May 28, 2021 | $0.021 | OrdinaryDividend |
| Apr 30, 2021 | $0.018 | OrdinaryDividend |
| Mar 31, 2021 | $0.021 | OrdinaryDividend |
| Feb 26, 2021 | $0.024 | OrdinaryDividend |
| Jan 29, 2021 | $0.033 | OrdinaryDividend |
| Dec 31, 2020 | $0.052 | OrdinaryDividend |
| Nov 30, 2020 | $0.032 | OrdinaryDividend |
| Oct 30, 2020 | $0.028 | OrdinaryDividend |
| Sep 30, 2020 | $0.024 | OrdinaryDividend |
| Aug 31, 2020 | $0.024 | OrdinaryDividend |
| Jul 31, 2020 | $0.025 | OrdinaryDividend |
| Jun 30, 2020 | $0.024 | OrdinaryDividend |
| May 29, 2020 | $0.027 | OrdinaryDividend |
| Apr 30, 2020 | $0.030 | OrdinaryDividend |
| Mar 31, 2020 | $0.029 | OrdinaryDividend |
| Feb 28, 2020 | $0.028 | OrdinaryDividend |
| Jan 31, 2020 | $0.030 | OrdinaryDividend |
| Dec 31, 2019 | $0.035 | OrdinaryDividend |
| Nov 29, 2019 | $0.026 | OrdinaryDividend |
| Oct 31, 2019 | $0.037 | OrdinaryDividend |
| Sep 30, 2019 | $0.033 | OrdinaryDividend |
| Aug 30, 2019 | $0.036 | OrdinaryDividend |
| Jul 31, 2019 | $0.038 | OrdinaryDividend |
OOSIX - Fund Manager Analysis
Managers
David Lukkes
Start Date
Tenure
Tenure Rank
Oct 28, 2015
6.59
6.6%
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.
Philip Yarrow
Start Date
Tenure
Tenure Rank
Oct 15, 2020
1.62
1.6%
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
Oct 15, 2020
1.62
1.6%
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
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.08 | 3.25 |
