Invesco Oppenheimer Ultra-Short Duration Fund

Data updated: 2020-06-29

C000209402 — Invesco Oppenheimer Ultra-Short Duration Fund. Leveraged · $39.24M AUM · 0.25% expense ratio. Holdings, fees, performance and SEC filings.

C000209402 Fund Overview

Invesco Oppenheimer Ultra-Short Duration Fund is a US mutual fund managed by Aim Investment Securities Funds (invesco Investment Securities Funds), categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

C000209402 Investment Objective and Strategy

Invesco Oppenheimer Ultra-Short Duration Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Investment Securities Funds (invesco Investment Securities Funds).

Investment objective

The Fund’s investment objective is to seek income.

Principal investment strategy

Under normal market conditions, the Fund invests in short-term, fixed and floating rate, U.S. dollar denominated, investment-grade debt securities. The portfolio managers look for debt securities in market sectors that they believe offer attractive relative values and seek to reduce volatility by maintaining a diversified portfolio with an effective portfolio duration of one year or less. Because of market events, the duration of the Funds portfolio might exceed that level at times. If a rise in interest rates caused the Fund to temporarily exceed a one year effective portfolio duration, it would not enter into any transactions that could lengthen its portfolio duration until after its duration had returned to less than one year. The term effective duration includes consideration of a securitys next interest reset date, whereas effective maturity does not.

In selecting securities, the portfolio managers seek investment income while attempting to maintain a low volatility of principal, although the Fund may also realize capital appreciation. The Funds investments mainly include: corporate bonds, asset-backed securities, and money market instruments such as commercial paper, certificates of deposit, time deposits and bank notes. The Fund may also invest in U.S. Government securities, dollar-denominated securities issued or guaranteed by supranational organizations or foreign governments, repurchase agreements, mortgage-related securities and other debt obligations. The Fund will invest more than 25% of its total assets in securities of issuers in the banking industry and in the financial securities group of industries. Investment grade debt securities are rated in one of the top four categories by nationally recognized statistical rating organizations such as Moodys or Standard & Poors.

The Fund may also invest in unrated securities. In that case, after assessing their credit quality, the Adviser may internally assign ratings to certain of those securities in categories similar to those of nationally recognized statistical rating organizations. The Fund only purchases investment-grade debt securities but is not required to dispose of debt securities that fall below investment grade after the Fund buys them. The Fund may also invest in certain restricted securities, including securities that are only eligible for resale pursuant to Rule 144A under the Securities Act of 1933 (the Securities Act) (referred to as Rule 144A Securities). The Fund may use derivative securities for hedging purposes to seek to manage investment risks. A derivative is an investment whose value depends on (or is derived from) the value of an underlying security, asset, interest rate, index or currency.

Interest rate futures contracts and interest rate swaps are types of derivatives the Fund may use. The Fund may sell securities that no longer meet the above criteria and may engage in active and frequent trading to try to achieve its investment objective.

C000209402 Costs and Fees

C000209402 costs about $25 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.25%
  • Gross expense ratio: 0.35%
  • Portfolio turnover: 51%
  • Brokerage commissions: 0.13 bps of average net assets (SEC N-CEN)

C000209402 Cashflows

Over the 12 months to 2020-04, Invesco Oppenheimer Ultra-Short Duration Fund had net outflows of $175.25M, from monthly SEC N-PORT filings.

MonthNet flow
2020-04−$25.01M
2020-03−$29.03M
2020-02$1.23M
2020-01−$10.66M
2019-12−$14.45M
2019-11$517.88K

C000209402 Debt Constituents

No individual debt constituents are reported in Invesco Oppenheimer Ultra-Short Duration Fund's latest SEC N-PORT filing.

C000209402 Prospectus and SEC Filings

Official Invesco Oppenheimer Ultra-Short Duration Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Leveraged funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.