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Invesco Floating Rate Income Fund Series A

Floating Rate Loan

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$7.92
Change
$0.00 (-0.04%)

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Invesco Floating Rate Income Fund Series A

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Fund Returns

Inception Return (January 25, 2005): 2.75%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.04% 2.15% 3.53% 2.15% 12.05% 5.53% 4.85% 8.23% 3.90% 3.39% 3.25% 3.49% 3.00% 3.16%
Benchmark 0.28% 3.13% 7.91% 3.13% 11.86% 10.27% 5.84% 8.20% 4.26% 3.19% 4.10% 4.75% 4.77% 4.11%
Category Average 0.44% 4.48% 4.48% 2.04% 9.05% 4.11% 3.29% 6.38% 2.78% 2.73% 2.93% 3.64% 2.85% 3.05%
Category Rank 14 / 80 60 / 80 69 / 79 60 / 80 7 / 79 32 / 78 27 / 78 17 / 78 28 / 72 31 / 70 28 / 61 42 / 58 33 / 57 19 / 35
Quartile Ranking 1 3 4 3 1 2 2 1 2 2 2 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.84% 0.00% 2.31% 1.46% 1.18% 2.19% -0.53% 0.89% 0.99% 0.39% 0.71% 1.04%
Benchmark 2.66% -2.20% 0.47% 1.38% 2.55% -1.17% 2.29% 2.51% -0.20% 1.33% 1.50% 0.28%

Best Monthly Return Since Inception

5.93% (June 2009)

Worst Monthly Return Since Inception

-16.98% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.40% 2.18% 5.22% 1.90% -1.44% 6.60% -0.32% 5.97% -2.70% 11.97%
Benchmark 1.85% 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42%
Category Average 3.44% -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97%
Quartile Ranking 4 1 4 4 4 2 2 1 2 1
Category Rank 27/ 31 14/ 57 52/ 58 52/ 61 62/ 70 24/ 72 36/ 78 12/ 78 33/ 78 8/ 79

Best Calendar Return (Last 10 years)

11.97% (2023)

Worst Calendar Return (Last 10 years)

-2.70% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 91.07
Cash and Equivalents 7.60
International Equity 0.97
Foreign Government Bonds 0.24
US Equity 0.12

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.31
Cash and Cash Equivalent 7.60
Energy 0.97
Telecommunications 0.10
Real Estate 0.01
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.42
Europe 11.61
Latin America 0.97

Top Holdings

Top Holdings
Name Percent
QuarterNorth Energy, Inc (fka Field 3.49
CAD Cash and Cash Equivalents 2.43
SECURE HOME HOLDINGS LLC 2.01
MONITRONICS INTERNATIONA, Term Loan 0.00% 30-Jun-2028 1.30
HotelBedsTerm Loan D 0.00% 12-Sep-2027 1.22
XellaTerm Loan B-4 0.00% 12-Apr-2028 1.16
Carnival Corp.2021 Incr Term 0.00% 18-Oct-2028 1.07
USD Cash and Cash Equivalents 1.06
Spin Holdco Inc.Initial Term Loan 0.00% 04-Mar-2028 1.05
Seadrill Ltd 0.97

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Invesco Floating Rate Income Fund Series A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 4.01% 7.44% 5.54%
Beta 0.21% 0.64% 0.42%
Alpha 0.04% 0.01% 0.01%
Rsquared 0.15% 0.53% 0.33%
Sharpe 0.55% 0.29% 0.34%
Sortino 0.62% 0.17% 0.06%
Treynor 0.11% 0.03% 0.04%
Tax Efficiency 52.05% 49.77% 52.74%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.80% 4.01% 7.44% 5.54%
Beta -0.09% 0.21% 0.64% 0.42%
Alpha 0.12% 0.04% 0.01% 0.01%
Rsquared 0.03% 0.15% 0.53% 0.33%
Sharpe 2.40% 0.55% 0.29% 0.34%
Sortino 10.38% 0.62% 0.17% 0.06%
Treynor -0.75% 0.11% 0.03% 0.04%
Tax Efficiency 71.36% 52.05% 49.77% 52.74%

Fund Details

Start Date January 25, 2005
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $118

Fund Codes

FundServ Code Load Code Sales Status
AIM1231
AIM1233
AIM1235
AIM1239

Investment Objectives

Invesco Floating Rate Income Fund seeks to generate a high level of current income. The Fund invests primarily in floating rate debt instruments of issuers located anywhere in the world. The investment objectives of the Fund cannot be changed without the approval of a majority of the investors at a meeting called to consider the change.

Investment Strategy

To achieve these objectives, the portfolio management team invests primarily in floating rate debt instruments, which are also known as senior loans. The rate of interest payable on floating rate debt instruments is established as a base lending rate, generally used by commercial banks or lenders, plus a fixed percentage rate. As the applicable base lending rates are reset periodically, floating rate debt instruments usually exhibit less price sensitivity to interest rate changes.

Portfolio Manager(s)

Name Start Date
Scott Baskind 11-21-2016
Philip Yarrow 11-21-2016
Thomas Ewald 11-21-2016
Invesco Advisers Inc. 12-07-2020
Invesco Senior Secured Management, Inc. 12-07-2020

Management and Organization

Fund Manager Invesco Canada Ltd.
Advisor Invesco Canada Ltd.
Custodian CIBC Mellon Trust Company
Registrar Invesco Canada Ltd.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.65%
Management Fee 1.25%
Load Choice of Front or Back
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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