Invesco Floating Rate ESG Fund (AFRAX)
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, senior secured floating rate debt instruments, and derivatives and other instruments that have economic characteristics similar to such securities. It may invest up to 100% of its net assets in floating rate loans and floating rate debt securities that are determined to be below investment grade.
Fund Info
| ISIN | US00141A8678 |
|---|---|
| CUSIP | 00141A867 |
| Issuer | Invesco |
| Inception Date | Apr 30, 1997 |
| Category | Bank Loan |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
AFRAX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: AFRAX vs. EIFAX, AFRAX vs. IUSG, AFRAX vs. FFRHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Floating Rate ESG Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Floating Rate ESG Fund had a return of 5.95% year-to-date (YTD) and 8.25% in the last 12 months. Over the past 10 years, Invesco Floating Rate ESG Fund had an annualized return of 4.03%, while the S&P 500 had an annualized return of 11.39%, indicating that Invesco Floating Rate ESG Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.95% | 25.48% |
| 1 month | 0.42% | 2.14% |
| 6 months | 3.15% | 12.76% |
| 1 year | 8.25% | 33.14% |
| 5 years (annualized) | 4.91% | 13.96% |
| 10 years (annualized) | 4.03% | 11.39% |
Monthly Returns
The table below presents the monthly returns of AFRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.49% | 1.08% | 0.64% | 0.18% | 0.92% | 0.48% | 0.60% | 0.57% | 0.57% | 0.27% | 5.95% | ||
| 2023 | 2.18% | 0.67% | -0.36% | 0.98% | 0.67% | 1.72% | 1.09% | 1.23% | 0.93% | -0.39% | 0.94% | 1.53% | 11.74% |
| 2022 | 0.15% | -0.40% | 0.02% | -0.12% | -2.77% | -2.57% | 1.85% | 1.62% | -2.25% | 0.88% | 1.02% | 0.30% | -2.40% |
| 2021 | 1.72% | 0.69% | 0.40% | 0.51% | 0.80% | 0.42% | -0.24% | 0.75% | 0.56% | -0.01% | -0.26% | 0.75% | 6.24% |
| 2020 | 0.40% | -1.57% | -10.99% | 2.57% | 3.10% | 1.21% | 1.95% | 1.19% | 0.30% | 0.17% | 2.60% | 1.40% | 1.53% |
| 2019 | 2.37% | 1.60% | -0.12% | 1.48% | -0.52% | 0.39% | 0.54% | -0.13% | 0.26% | -0.68% | 0.38% | 1.49% | 7.25% |
| 2018 | 1.02% | 0.07% | 0.24% | 0.37% | 0.24% | -0.04% | 0.64% | 0.36% | 0.75% | -0.29% | -1.08% | -2.40% | -0.18% |
| 2017 | 0.79% | 0.46% | -0.05% | 0.40% | 0.28% | -0.24% | 0.89% | -0.29% | 0.47% | 0.59% | 0.07% | 0.53% | 3.96% |
| 2016 | -1.40% | -0.74% | 3.60% | 2.35% | 0.80% | -0.03% | 1.73% | 0.75% | 1.05% | 0.78% | 0.36% | 1.48% | 11.17% |
| 2015 | 0.02% | 1.53% | 0.39% | 0.77% | 0.25% | -0.78% | -0.13% | -1.03% | -1.44% | 0.03% | -0.94% | -1.47% | -2.82% |
| 2014 | 0.62% | -0.06% | 0.35% | 0.08% | 0.45% | 0.59% | -0.14% | 0.38% | -0.77% | 0.38% | 0.37% | -1.37% | 0.87% |
| 2013 | 1.30% | 0.37% | 0.91% | 0.74% | 0.24% | -0.80% | 1.09% | -0.04% | 0.10% | 0.85% | 0.44% | 0.58% | 5.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AFRAX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Floating Rate ESG Fund (AFRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Floating Rate ESG Fund provided a 9.18% dividend yield over the last twelve months, with an annual payout of $0.62 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.59 | $0.46 | $0.28 | $0.30 | $0.41 | $0.33 | $0.30 | $0.34 | $0.37 | $0.34 | $0.34 |
Dividend yield | 9.18% | 8.62% | 6.89% | 3.84% | 4.13% | 5.52% | 4.59% | 4.02% | 4.43% | 5.24% | 4.40% | 4.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Floating Rate ESG Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.51 | |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.17 | $0.46 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.05 | $0.28 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.41 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Floating Rate ESG Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Floating Rate ESG Fund was 36.01%, occurring on Dec 17, 2008. Recovery took 322 trading sessions.
The current Invesco Floating Rate ESG Fund drawdown is 0.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.01% | Jul 2, 2007 | 369 | Dec 17, 2008 | 322 | Mar 31, 2010 | 691 |
| -18.91% | Jan 23, 2020 | 42 | Mar 23, 2020 | 179 | Dec 4, 2020 | 221 |
| -8.68% | Jun 1, 2015 | 179 | Feb 12, 2016 | 110 | Jul 21, 2016 | 289 |
| -6.29% | Feb 4, 2022 | 104 | Jul 6, 2022 | 163 | Feb 28, 2023 | 267 |
| -6.18% | May 5, 2011 | 79 | Aug 25, 2011 | 104 | Jan 25, 2012 | 183 |
Volatility
Volatility Chart
The current Invesco Floating Rate ESG Fund volatility is 0.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.