Effective Aug. 4, 2020, Invesco Floating Rate will be renamed Invesco Floating Rate ESG. As part of the name change, the strategy’s mandate will incorporate environmental, societal, and governance factors into the team’s decision-making process. Invesco’s portfolio management and research teams will apply proprietary tools to help identify and analyze issuers based on certain ESG metrics. Despite the mandate change, the impact to the portfolio’s composition is expected to be minimal. The strategy’s Process Pillar rating will remain at Average while all of its share classes retain their Morningstar Analyst Rating of Neutral.
Will AFRCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AFRCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AFRCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AFRCX’s parent organization’s priorities and whether they’re in line with investors’ interests.