Invesco Oppenheimer Global Unconstrained Bond Fund

Data updated: 2019-11-29

C000209597 — Invesco Oppenheimer Global Unconstrained Bond Fund. Money Market · $10.32M AUM. Holdings, fees, performance and SEC filings.

C000209597 Fund Overview

Invesco Oppenheimer Global Unconstrained Bond Fund is a US mutual fund managed by Aim Investment Funds (invesco Investment Funds), categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

C000209597 Investment Objective and Strategy

Invesco Oppenheimer Global Unconstrained Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Investment Funds (invesco Investment Funds).

Investment objective

The Fund’s investment objective is to seek total return.

Principal investment strategy

The Fund seeks to achieve its investment objective by employing a top-down, global macro-focused strategy that targets a fixed level of risk, as determined by volatility, across global interest rate and credit market regimes. As an unconstrained bond fund, the Fund has the flexibility to invest across all fixed-income asset classes in both domestic and foreign markets. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in debt securities, obligations or instruments, in investment companies that provide indirect investment exposure to such debt securities, obligations or instruments, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund may invest without limit in a variety of fixed income instruments such as, but not limited to, government and government related debt (of both developed and emerging markets nations), corporate debt (including corporate bonds, corporate notes, bank loans and convertible bonds), securitized debt (including agency and private issuer mortgaged backed securities and asset backed securities) and municipal debt (both taxable and tax exempt).

Under normal market conditions, the Fund will invest a significant portion of its assets in a number of different countries throughout the world, including the U.S. and at least three countries outside of the U.S. Although the Fund can invest up to 100% of its assets in countries outside of the U.S., under normal circumstances it generally expects (but is not required, as subsequently discussed) to invest at least 40% of its assets in such countries. However, if the investment adviser determines, in its sole discretion, that market conditions are not favorable, the Fund may invest less than 40% of its assets in such countries, but generally will not invest less than 30% of its assets in such countries. The Fund is not required to allocate its investments in any set percentages in any particular countries.

The Fund also may invest in cash and cash equivalents, including commercial paper, short-term variable rate and floating rate obligations, repurchase agreements, and money market funds. The Fund may buy securities issued by companies of any size or market capitalization range. It can invest in debt securities having short-, intermediate- or long-term maturities. The Fund does not limit its investments to a particular credit quality or rating category and can invest without limit in securities rated below investment grade (commonly called junk bonds). Investment grade debt securities are rated in one of the top four categories by nationally recognized statistical rating organizations such as Moodys Investors Service or S&P Global Ratings (S&P). The Fund may also invest in unrated securities, in which case the Funds investment adviser may internally assign ratings to certain of those securities, after assessing their credit quality, in investment-grade or below-investment-grade categories similar to those of nationally recognized statistical rating organizations.

There can be no assurance, nor is it intended, that the investment advisers credit analysis is consistent or comparable with the credit analysis process used by a nationally recognized statistical rating organization. The Fund may invest without limit in derivatives, including credit default swaps, interest rate swaps, total return swaps, volatility swaps, and currency swaps. The Fund may also use forward foreign currency exchange contracts, futures contracts on debt (including interest rate futures), commodities or indices, options on futures and other options, swaptions, structured notes and other structured investments, and various other derivatives. Derivatives are used to seek increased returns, manage investment risks or liquidity, or for hedging purposes. The Fund may implement short positions through derivatives.

The Funds exposure to derivatives will vary. The Fund may invest significantly in the securities of other investment companies, including exchange-traded funds (ETFs), open-end funds, closed-end funds, unit investment trusts, and business development companies, subject to any limitations imposed by the Investment Company Act of 1940 or any exemptive relief therefrom, in order to obtain exposure to the asset classes, investment strategies and types of securities it seeks to invest in. These include investment companies that are sponsored and/or advised by the Funds investment adviser or an affiliate, as well as non-affiliated investment companies. To select the fixed income sectors in which the Fund will invest, the portfolio manager will establish (and will periodically re-set) a targeted level of investment risk based on the expected volatility of the global bond market at that time.

Once established, the portfolio manager will invest in those fixed income sectors that are believed to provide the best opportunity for positive returns without exceeding the targeted level of investment risk.

C000209597 Costs and Fees

C000209597 costs about $75 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.75%
  • Gross expense ratio: 2.28%
  • Portfolio turnover: 227%

C000209597 Cashflows

Over the 12 months to 2019-09, Invesco Oppenheimer Global Unconstrained Bond Fund had net inflows of $53.02K, from monthly SEC N-PORT filings.

MonthNet flow
2019-09−$6.33K
2019-08$27.18K
2019-07$32.18K

C000209597 Debt Constituents

No individual debt constituents are reported in Invesco Oppenheimer Global Unconstrained Bond Fund's latest SEC N-PORT filing.

C000209597 Prospectus and SEC Filings

Official Invesco Oppenheimer Global Unconstrained Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.