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Trending ETFs

Name

As of 04/11/2024

Price

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

$5.38

$97 M

6.58%

$0.35

1.11%

Vitals

YTD Return

-2.6%

1 yr return

4.3%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

0.5%

Net Assets

$97 M

Holdings in Top 10

39.3%

52 WEEK LOW AND HIGH

$5.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

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 04/11/2024

Price

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

$5.38

$97 M

6.58%

$0.35

1.11%

OEMIX - Profile

Distributions

  • YTD Total Return -2.6%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.70%
DIVIDENDS
  • Dividend Yield 6.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Emerging Markets Local Debt Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Sep 28, 2012
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Hemant Baijal

Fund Description

Under normal market conditions, determined by the Adviser in its discretion, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in debt securities that are economically tied to emerging market countries and denominated in local (non-U.S.) currencies, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund typically invests in at least three emerging market countries, i.e., those that are generally in the early stages of their industrial cycles. Debt securities that the Fund considers to be economically tied to emerging market countries include debt securities issued by sovereign entities of emerging market countries, or corporations that are organized, headquartered or domiciled, or whose principal activities or country of risk,as determined by a third party service provider, are in emerging market countries. The Fund can invest in various types of debt securities, generally referred to as “bonds,” including government bonds, corporate debt obligations, “structured” notes, participation interests in loans, “zero coupon” or “stripped” securities, certain mortgage-related securities or asset-backed securities and other debt obligations.
The Fund may buy securities of issued by companies of any size or market capitalization range and at times might emphasize securities of issuers in a particular capitalization range. It can invest in debt securities having short, intermediate or long maturities.
The Fund does not limit its investments to a particular credit quality or rating category and can invest without limit in securities rated or that are below investment grade (also referred to as “junk bonds”). “Investment grade” debt securities are rated in one of the top four categories by nationally recognized statistical rating organizations such as Moody’s Investors Service (Moody’s) or S&P Global Ratings (S&P). If two or more nationally recognized statistical rating organizations have assigned different
ratings to a security, the investment adviser uses the highest rating assigned. The Fund may also invest in unrated securities, in which case the Adviser may internally assign ratings to certain of those securities, after assessing their credit quality, in categories similar to those of nationally recognized statistical rating organizations.
The Fund also uses derivatives to seek increased returns or to try manage investment risks, including, for example, options, forward contracts, futures contracts, swaps and “structured” notes.
The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.
In selecting securities, the portfolio managers evaluate the overall investment opportunities and risks in individual national economies. The portfolio managers analyze the business cycle, political factors and exchange rates across countries. As part of the Fund’s investment process, to implement its investment strategy in pursuit of its investment objective, the Fund’s portfolio managers also consider both quantitative and qualitative environmental, social and governance (“ESG”) factors they believe to be material to understanding an issuers fundamentals and apply a scoring methodology designed to determine which securities are eligible to include in the Fund's portfolio. The Adviser generally seeks to exclude investments with low ESG scores. This analysis may involve the use of third-party research as well as proprietary research. Consideration of ESG factors is just one component of the portfolio managers’ assessment of issuers eligible for investment and not necessarily determinative of an investment decision. Therefore, the Fund’s portfolio managers may still invest in securities of issuers with a high ESG risk profile. The ESG factors considered by the Fund’s portfolio managers may change over time and one or more factors may not be relevant with respect to all issuers eligible for investment and ESG considerations may not be applied to each issuer or Fund investment.
The Fund currently focuses on investment opportunities for higher yields than are available in U.S. markets and opportunities in investments denominated in foreign currencies that compare favorably to the U.S. dollar. The portfolio managers seek to actively manage foreign currency exposure both to help reduce risk and to seek to enhance return. These factors may vary in particular cases and, along with the Fund’s investment focus, may change over time.
In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
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OEMIX - Performance

Return Ranking - Trailing

Period OEMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.6% -3.9% 9.4% 88.78%
1 Yr 4.3% -6.3% 21.7% 85.15%
3 Yr -1.0%* -13.8% 4.9% 38.36%
5 Yr 0.5%* -9.0% 6.4% 54.58%
10 Yr 0.7%* -5.8% 5.0% 59.20%

* Annualized

Return Ranking - Calendar

Period OEMIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -10.6% 17.8% 17.16%
2022 -13.6% -29.1% -2.4% 12.97%
2021 -14.0% -24.0% 2.7% 95.10%
2020 0.4% -14.0% 9.7% 54.51%
2019 7.5% -6.4% 13.0% 64.84%

Total Return Ranking - Trailing

Period OEMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.6% -3.9% 9.4% 88.78%
1 Yr 4.3% -6.3% 21.7% 85.15%
3 Yr -1.0%* -13.8% 4.9% 38.36%
5 Yr 0.5%* -9.0% 6.4% 54.58%
10 Yr 0.7%* -5.8% 5.0% 59.20%

* Annualized

Total Return Ranking - Calendar

Period OEMIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.8% -0.6% 20.0% 6.60%
2022 -8.4% -27.6% -1.7% 8.53%
2021 -9.8% -18.5% 7.4% 93.36%
2020 4.7% -7.8% 18.0% 59.21%
2019 14.5% -3.0% 23.0% 28.94%

NAV & Total Return History


OEMIX - Holdings

Concentration Analysis

OEMIX Category Low Category High OEMIX % Rank
Net Assets 97 M 565 K 14.4 B 62.50%
Number of Holdings 296 4 1833 41.78%
Net Assets in Top 10 38.4 M -134 M 1.25 B 54.28%
Weighting of Top 10 39.27% 5.1% 101.4% 11.96%

Top 10 Holdings

  1. Colombian TES 5.71%
  2. Invesco Treasury Portfolio, Institutional Class 5.26%
  3. Colombian TES, Series B 4.62%
  4. Invesco Government Agency Portfolio, Institutional Class 4.61%
  5. Republic of Poland Government Bond 4.08%
  6. Mexican Udibonos 3.56%
  7. Invesco Liquid Assets Portfolio 3.29%
  8. Indonesia Treasury Bond, Series FR96 3.00%
  9. Peru Government Bond 2.65%
  10. India Government Bond 2.48%

Asset Allocation

Weighting Return Low Return High OEMIX % Rank
Bonds
84.28% 0.91% 99.54% 94.41%
Cash
16.05% 0.00% 21.93% 4.28%
Stocks
0.00% -0.01% 93.55% 58.22%
Preferred Stocks
0.00% 0.00% 1.28% 42.11%
Convertible Bonds
0.00% 0.00% 8.47% 75.08%
Other
-0.33% -9.56% 88.17% 92.76%

Bond Sector Breakdown

Weighting Return Low Return High OEMIX % Rank
Government
41.10% 0.00% 99.79% 79.07%
Cash & Equivalents
13.16% 0.00% 23.23% 2.30%
Corporate
1.36% 0.00% 93.26% 91.03%
Securitized
0.07% 0.00% 2.41% 12.96%
Municipal
0.00% 0.00% 0.00% 38.87%
Derivative
-0.33% -1.03% 7.35% 91.78%

Bond Geographic Breakdown

Weighting Return Low Return High OEMIX % Rank
Non US
84.16% 0.00% 132.49% 11.84%
US
0.12% -42.31% 99.01% 92.76%

OEMIX - Expenses

Operational Fees

OEMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.02% 35.56% 58.75%
Management Fee 0.69% 0.00% 1.10% 45.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

OEMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% 30.51%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

OEMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

OEMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 218.00% 23.40%

OEMIX - Distributions

Dividend Yield Analysis

OEMIX Category Low Category High OEMIX % Rank
Dividend Yield 6.58% 0.00% 22.16% 83.22%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OEMIX Category Low Category High OEMIX % Rank
Net Income Ratio 4.70% -2.28% 8.00% 22.56%

Capital Gain Distribution Analysis

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

Distributions History

View More +

OEMIX - Fund Manager Analysis

Managers

Hemant Baijal


Start Date

Tenure

Tenure Rank

Mar 31, 2015

7.17

7.2%

Hemant Baijal (lead manager), Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Baijal managed the predecessor fund since 2018 and was associated with OppenheimerFunds, a global asset management firm, since 2011. Hemant Baijal leads the Global Fixed Income team. He is the lead portfolio manager at Oppenheimer. Prior to joining the firm, Hemant co-founded Six Seasons Global Asset Management, where he served as partner and portfolio manager with a focus on fixed income macro strategies. Before his role at Six Seasons, he was a partner and portfolio manager at Aravali Partners, LLC., where he focused on absolute return and interest rate hedging strategies. Previously, Hemant was a partner and portfolio manager at Havell Capital Management, LLC., where he focused on fixed income macro and relative value strategies. Earlier in his career, Hemant was a senior portfolio manager for international, global and multi-sector fixed income portfolios at Neuberger Berman. He has also held positions at Banca Di Roma, The First Boston Corporation and Merrill Lynch and Co. Hemant holds a B.A. from the University of Delhi and his M.B.A. from Columbia University.

Wim Vandenhoeck


Start Date

Tenure

Tenure Rank

Sep 28, 2016

5.67

5.7%

Wim Vandenhoeck, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2019 . Prior to joining the firm, Mr. Vandenhoeck was an Portfolio Manager with the Global Debt team in OppenheimerFunds Inc. since 2015, principally conducting interest rate and foreign currency analysis in emerging markets. Prior to that, Wim was a partner at APQ Partners LLP, an emerging markets investment adviser based out of London. Prior to that, he was an asset manager at GLG Partners LP in London, where he focused on emerging market fixed income strategies. Before GLG, he was a partner at Six Seasons Global Asset Management LLC, Aravali Partners LLC and Havell Capital Management LLC, all in New York, mainly managing fixed income macro strategies, often with a focus on emerging markets. Earlier in his career, he has held positions at Bank Brussels Lambert and Paribas Bank. Wim is also a frequent speaker on the topics of uncovering emerging market fixed income opportunities and analyzing the risk within. Wim holds a B.A. from Katholiek Universiteit Leuven and his M.B.A. from Cornell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.38 6.11