Invesco Oppenheimer Preferred Securities and Income Fund
Data updated: 2019-11-29
C000209609 — Invesco Oppenheimer Preferred Securities and Income Fund. Preferred / Convertible Bond. Holdings, fees, performance and SEC filings.
C000209609 Fund Overview
Invesco Oppenheimer Preferred Securities and Income Fund is a US mutual fund managed by Aim Investment Funds (invesco Investment Funds), categorised as Preferred / Convertible Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim Investment Funds (invesco Investment Funds)
- Category: Preferred / Convertible Bond
- Assets under management: $16.24M
- SEC CIK: 0000826644
- SEC series ID: S000064705
- Share class ID: C000209609
C000209609 Investment Objective and Strategy
Invesco Oppenheimer Preferred Securities and Income 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
Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in preferred and other income producing securities, and in derivatives and other instruments that have economic characteristics similar to such securities. These securities include traditional preferred securities, hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities, floating rate preferred securities, corporate debt securities, convertible securities and contingent capital securities (CoCos). 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) and securities of U.S.
and non-U.S. issuers that are issued through private offerings without registration with the Securities and Exchange Commission (the SEC) pursuant to Regulation S under the Securities Act. The Fund may invest in debt securities of any maturity or credit rating, including investment-grade securities, below investment grade securities and unrated securities. Although not required to do so, the Fund will generally invest in issuers whose senior debt is rated at least BBB- or higher, which the Fund considers to be investment grade. Although a companys senior debt rating may be BBB-, an underlying security issued by such company in which the Fund invests may have a lower rating than BBB-. The Fund also will invest at least 25% of its assets in the financials sector, generally comprised of the bank, diversified financials (which may include asset management, brokerage services, specialized finance, and mortgage real estate investment trusts) and insurance industries worldwide.
The Fund may invest without limit in derivatives, including any derivatives contract or option on a derivatives contract, transaction or instrument, such as various futures contracts, interest rate and currency swaps, options, and other similar strategic transactions. The Funds primary use of derivatives contracts will be to enter into interest rate and currency hedging transactions in order to manage the Funds interest rate risk and reduce foreign currency risk associated with certain of the Funds investments. The portfolio manager analyzes the overall investment opportunities and risks associated with building a portfolio of preferred and other income producing securities and identifies opportunities that may be mispriced by the market. Such opportunities will typically be identified through a rigorous analysis of an individual securitys structure, its sensitivity to interest rates as well as the fundamental characteristics of its company issuer.
Security selection and overall portfolio construction is further guided by the portfolio managers interest rate and sector outlook.
C000209609 Costs and Fees
C000209609 costs about $94 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.94%
- Gross expense ratio: 1.53%
- Portfolio turnover: 23%
C000209609 Cashflows
Over the 12 months to 2019-09, Invesco Oppenheimer Preferred Securities and Income Fund had net outflows of $4.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$92.63K |
| 2019-08 | $435.35K |
| 2019-07 | −$4.39M |
C000209609 Debt Constituents
No individual debt constituents are reported in Invesco Oppenheimer Preferred Securities and Income Fund's latest SEC N-PORT filing.
C000209609 Prospectus and SEC Filings
Official Invesco Oppenheimer Preferred Securities and Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Preferred / Convertible Bond 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.