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.
Invesco Floating Rate ESG R AFRRX
NAV / 1-Day Return
7.32
/
0.01
%
Total Assets
2.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.260%
Expense Ratio
1.330%
Fee Level
Below Average
Longest Manager Tenure
15.19
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
0
Status
Open
TTM Yield
3.43%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AFRRX 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 AFRRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AFRRX 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 AFRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Invesco Floating Rate Fund's Name and Mandate Goes Green; Ratings Maintained
