Invesco Floating Rate Fund

Scorecard
3 / 5 Stars
Lipper
5 5 3 2 2
Zacks Investment Research
4 (Sell)
Standard & Poor's
---
TheStreet.com
C+ (Hold)

U.S. News evaluated 50 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Invesco funds

See full Bank Loan rankings

See more fund rankings

Performance

The fund has returned 4.74 percent over the past year, 5.21 percent over the past three years, 12.29 percent over the past five years, and 4.33 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 0.6%
1 Year 4.7%
3 Years (Annualized) 5.2%
5 Years (Annualized) 12.3%
10 Years (Annualized) 4.3%

See more AFRAX performance

Summary

The investment seeks total return, comprised of current income and capital appreciation. The fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities. It may use leverage in an effort to maximize its return through borrowing, generally from banks, in an amount of up to 33.3% of the fund's total assets after such borrowing.

Fees

Fees are Low compared to funds in the same category.
Invesco Floating Rate Fund has an expense ratio of 1.08 percent.

See more AFRAX fees

Risk

Risk is Average compared to funds in the same category according to Morningstar.

See more AFRAX risk