Skip to Content

Invesco Floating Rate ESG Y AFRYX

Analyst rating as of
NAV / 1-Day Return
6.94  /  0.01 %
Total Assets
1.5 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.840%
Fee Level
Above Average
Longest Manager Tenure
14.67 years
Category
US Fund Bank Loan
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000
Status
Open
TTM Yield
5.32%
Effective Duration
years
Premium

Morningstar’s Analysis

Will AFRYX outperform in future?

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

Invesco Floating Rate Fund's Name and Mandate Goes Green; Ratings Maintained

Analyst Note

| |

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.

Unlock our full analysis with Morningstar Premium