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Trending ETFs

Name

As of 04/10/2024

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

$6.66

$3.16 B

9.55%

$0.64

0.84%

Vitals

YTD Return

3.3%

1 yr return

12.3%

3 Yr Avg Return

6.6%

5 Yr Avg Return

3.3%

Net Assets

$3.16 B

Holdings in Top 10

14.2%

52 WEEK LOW AND HIGH

$6.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

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

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/10/2024

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

$6.66

$3.16 B

9.55%

$0.64

0.84%

OOSYX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.81%
DIVIDENDS
  • Dividend Yield 9.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Senior Floating Rate Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Nov 28, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David 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.
Read More

OOSYX - Performance

Return Ranking - Trailing

Period OOSYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.4% 5.3% 12.93%
1 Yr 12.3% -6.4% 25.7% 9.51%
3 Yr 6.6%* -5.7% 8.2% 3.61%
5 Yr 3.3%* -6.7% 37.3% 71.37%
10 Yr 3.4%* -1.8% 19.3% 46.33%

* Annualized

Return Ranking - Calendar

Period OOSYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -12.0% 17.3% 78.33%
2022 -7.9% -22.9% 5.1% 60.94%
2021 4.1% -12.2% 12.0% 3.20%
2020 -9.1% -14.1% 289.8% 97.91%
2019 -2.7% -8.1% 14.6% 97.84%

Total Return Ranking - Trailing

Period OOSYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.4% 5.3% 12.93%
1 Yr 12.3% -6.4% 25.7% 9.51%
3 Yr 6.6%* -5.7% 8.2% 3.61%
5 Yr 3.3%* -6.7% 37.3% 71.37%
10 Yr 3.4%* -1.8% 19.3% 46.33%

* Annualized

Total Return Ranking - Calendar

Period OOSYX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -12.0% 30.3% 5.32%
2022 0.6% -22.9% 5.1% 1.56%
2021 9.9% -10.2% 19.4% 2.00%
2020 -3.8% -14.1% 306.9% 91.63%
2019 3.1% -3.6% 23.8% 97.84%

NAV & Total Return History


OOSYX - Holdings

Concentration Analysis

OOSYX Category Low Category High OOSYX % Rank
Net Assets 3.16 B 29.9 M 13.5 B 16.79%
Number of Holdings 580 2 1605 11.81%
Net Assets in Top 10 452 M -191 M 2.48 B 18.82%
Weighting of Top 10 14.19% 5.2% 100.8% 53.70%

Top 10 Holdings

  1. Quarternorth Energy Holding Inc. 3.56%
  2. Invesco Government Agency Portfolio, Institutional Class 2.50%
  3. Invesco Treasury Portfolio, Institutional Class 1.65%
  4. My Alarm Center, LLC, Class A 1.23%
  5. Carnival Corp., Incremental Term Loan 1.03%
  6. American Consolidated Natural Resources, Inc., Pfd. 1.03%
  7. AAdvantage Loyalty IP Ltd. (American Airlines, Inc.), Term Loan 0.88%
  8. Monitronics International, Inc., Term Loan 0.87%
  9. Spin Holdco Inc., Term Loan 0.82%
  10. Keter Group B.V., Term Loan B-1 0.61%

Asset Allocation

Weighting Return Low Return High OOSYX % Rank
Bonds
89.69% 0.00% 161.82% 80.44%
Stocks
7.71% 0.00% 100.78% 7.38%
Cash
4.16% -61.90% 18.85% 59.04%
Preferred Stocks
0.60% -3.99% 6.42% 3.69%
Other
0.36% -52.39% 26.58% 29.89%
Convertible Bonds
0.00% 0.00% 5.51% 74.72%

Stock Sector Breakdown

Weighting Return Low Return High OOSYX % Rank
Utilities
0.00% 0.00% 100.00% 85.77%
Technology
0.00% 0.00% 100.00% 82.69%
Real Estate
0.00% 0.00% 48.61% 75.38%
Industrials
0.00% 0.00% 100.00% 89.23%
Healthcare
0.00% 0.00% 100.00% 76.15%
Financial Services
0.00% 0.00% 89.61% 81.54%
Energy
0.00% 0.00% 100.00% 24.62%
Communication Services
0.00% 0.00% 100.00% 22.31%
Consumer Defense
0.00% 0.00% 100.00% 86.15%
Consumer Cyclical
0.00% 0.00% 97.66% 90.77%
Basic Materials
0.00% 0.00% 1.36% 80.77%

Stock Geographic Breakdown

Weighting Return Low Return High OOSYX % Rank
US
7.70% -0.01% 100.78% 7.38%
Non US
0.01% 0.00% 0.68% 17.71%

Bond Sector Breakdown

Weighting Return Low Return High OOSYX % Rank
Corporate
90.27% 0.00% 141.23% 45.35%
Cash & Equivalents
4.16% 0.00% 25.03% 54.24%
Municipal
0.47% 0.00% 0.47% 0.74%
Derivative
0.36% -8.79% 1.12% 11.81%
Securitized
0.23% 0.00% 91.68% 45.35%
Government
0.00% 0.00% 3.18% 67.29%

Bond Geographic Breakdown

Weighting Return Low Return High OOSYX % Rank
US
78.85% 0.00% 144.71% 81.92%
Non US
10.85% 0.00% 63.23% 22.51%

OOSYX - Expenses

Operational Fees

OOSYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.03% 12.26% 71.43%
Management Fee 0.61% 0.00% 1.89% 43.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

OOSYX 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

OOSYX 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.

OOSYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 4.00% 180.00% 71.88%

OOSYX - Distributions

Dividend Yield Analysis

OOSYX Category Low Category High OOSYX % Rank
Dividend Yield 9.55% 0.00% 11.09% 15.05%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OOSYX Category Low Category High OOSYX % Rank
Net Income Ratio 4.81% 1.77% 9.82% 13.91%

Capital Gain Distribution Analysis

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

Distributions History

View More +

OOSYX - 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 6.01 3.25