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Morningstar

Invesco Floating Rate ESG A AFRAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 6.84  /  0.08 %
  • Total Assets 2.8 Bil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.060%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 9.55%
  • Effective Duration 0.12 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:11 PM GMT+0

Morningstar’s Analysis AFRAX

Will AFRAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AFRAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AFRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of AFRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This unique approach is still looking to deliver an edge.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Invesco Floating Rate ESG’s team is solid, and while the investment process is unique for a bank-loan strategy, the approach has yet to provide an advantage over competitors. All share classes receive a Morningstar Analyst Rating of Neutral.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings AFRAX

More AFRAX Holdings
  • Current Portfolio Date
  • Equity Holdings 20
  • Bond Holdings 492
  • Other Holdings 41
  • % Assets in Top 10 Holdings 7.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PetSmart, Inc. 2021 Term Loan B

0.96
26,337,823
Corporate

Spin Holdco Inc. 2021 Term Loan

0.92
25,190,724
Corporate

Us Dollar

0.84
22,943,349
Cash and Equivalents

Crown Finance Us Inc 15.19634%

0.82
22,442,078
Cash and Equivalents

V Global Holdings Llc Term Loan

0.81
22,172,413
Corporate

Stit Treasury Portfolio Invesc

0.78
21,432,846
Cash and Equivalents

Carnival Corporation 2021 Incremental Term Loan B

0.77
21,151,230
Corporate

Quarternorth Energy Inc Common Stock

0.77
20,959,688
—

Virgin Media Bristol LLC 2020 USD Term Loan Q

0.75
20,669,426
Corporate

Cengage Learning, Inc. 2021 Term Loan B

0.74
20,385,744
Corporate