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Invesco International Bond Fund
mutual fund
OIBIX
Payout Change
Pending
Price as of:
$4.36
-0.01
-0.23%
primary theme
N/A
share class
OIBIX (Mutual Fund)
Invesco International Bond Fund
Payout Change
Pending
Price as of:
$4.36
-0.01
-0.23%
primary theme
N/A
share class
OIBIX (Mutual Fund)
Invesco International Bond Fund
Payout Change
Pending
Price as of:
$4.36
-0.01
-0.23%
primary theme
N/A
share class
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.4%
1 yr return
4.6%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
-0.6%
Net Assets
$1.25 B
Holdings in Top 10
40.8%
52 WEEK LOW AND HIGH
$4.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
OIBIX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return -0.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.10%
- Dividend Yield 5.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco International Bond Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateJan 27, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHemant Baijal
Fund Description
The Fund invests mainly in debt securities of foreign government and corporate issuers. The Fund can invest in various types of debt securities, generally referred to as “bonds,” including government bonds, corporate debt obligations, “structured” notes, participation interests in loans, “zero coupon” or “stripped” securities, certain mortgage-related securities or asset-backed securities and other debt obligations.
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in debt securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund typically invests in at least three countries other than the United States. The Fund invests in debt securities of issuers in both developed and emerging markets throughout the world.
The Fund may buy securities issued by companies of any size or market capitalization range and at times might emphasize securities of issuers in a particular capitalization range. It can invest in debt securities having short, intermediate or long 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 Moody’s Investors Service or S&P Global Ratings (S&P). If two or more nationally recognized statistical rating organizations have assigned different ratings to a security, the investment adviser uses the highest rating assigned. The Fund may also invest in unrated securities in which case the Fund’s 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 adviser’s credit analysis is consistent or comparable with the
credit analysis process used by a nationally recognized statistical rating organization. The Fund may also invest in certain restricted securities and securities exempt from registration under the Securities Act of 1933, as amended (Securities Act) including securities that are only eligible for resale pursuant to Rule 144A under the Securities Act (referred to as Rule 144A Securities).
The Fund may also use derivatives to seek increased returns or to try to manage investment risks, including, for example, options, forward contracts, futures contracts, swaps, and “structured” notes. The Fund actively manages foreign currency exposure, both to reduce risk and to seek to enhance return. To do so, the Fund may invest in foreign exchange derivatives, including forwards and options that reference foreign currencies, including currencies of developing and emerging market countries.
The Fund is non-diversified, which means that it can invest a greater percentage of its assets in a small group of issuers or in any one issuer than a diversified fund can.
In selecting securities, the portfolio managers evaluate the overall investment opportunities and risks in individual national economies. The portfolio managers analyze the business cycle, political and macroeconomic factors that affect exchange rates and interest rates in both emerging market and developing countries. The portfolio managers currently focus on investment opportunities for higher yields than are available in U.S. markets and opportunities in investments denominated in foreign currencies that compare favorably to the U.S. dollar. These factors may vary in particular cases and may change over time.
The Fund’s holdings may at times differ significantly from the weightings of the indices comprising its style-specific benchmark (the Custom Invesco International Bond Index). The Fund is not managed to be invested in the same percentages as those indices comprising the Custom Invesco International Bond Index.
The Fund may invest up to 25% of its total assets in a Cayman Islands exempted company that is wholly-owned and controlled by the Fund (the Subsidiary). The Subsidiary invests in Regulation S securities. Regulation S securities are securities of U.S. and non-U.S. issuers that are issued through private offerings without registration with the SEC pursuant to Regulation S under the Securities Act of 1933. The Fund applies its investment restrictions and compliance policies and procedures, on a look-through basis, to the Subsidiary. The Fund’s investment in the Subsidiary may vary based on the portfolio managers’ use of different types of foreign securities and other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary. Therefore, references in this prospectus to investments by the Fund also may be deemed to include the Fund’s indirect investments through the Subsidiary.
OIBIX - Performance
Return Ranking - Trailing
| Period | OIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.4% | -59.5% | 0.9% | 66.50% |
| 1 Yr | 4.6% | -15.5% | 19.7% | 79.81% |
| 3 Yr | -0.3%* | -4.3% | 4.2% | 77.11% |
| 5 Yr | -0.6%* | -2.5% | 4.1% | 72.34% |
| 10 Yr | 1.3%* | -3.0% | 2.7% | 34.86% |
* Annualized
Return Ranking - Calendar
| Period | OIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.3% | -15.2% | 0.9% | 98.50% |
| 2022 | -15.7% | -10.9% | 12.2% | 71.65% |
| 2021 | -12.7% | -10.8% | 14.8% | 61.46% |
| 2020 | 4.7% | -15.3% | 0.6% | 98.27% |
| 2019 | 4.3% | -44.4% | 14.4% | 41.72% |
Total Return Ranking - Trailing
| Period | OIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.4% | -59.5% | 0.9% | 64.56% |
| 1 Yr | 4.6% | -16.6% | 30.5% | 72.04% |
| 3 Yr | -0.3%* | -5.2% | 10.9% | 73.91% |
| 5 Yr | -0.6%* | -2.8% | 7.4% | 70.10% |
| 10 Yr | 1.3%* | -3.0% | 3.6% | 34.81% |
* Annualized
Total Return Ranking - Calendar
| Period | OIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.7% | -15.2% | 0.9% | 98.50% |
| 2022 | -12.3% | -10.9% | 12.2% | 71.65% |
| 2021 | -9.7% | -10.8% | 14.8% | 61.46% |
| 2020 | 8.9% | -15.3% | 3.8% | 98.27% |
| 2019 | 10.6% | -44.4% | 14.4% | 54.60% |
NAV & Total Return History
OIBIX - Holdings
Concentration Analysis
| OIBIX | Category Low | Category High | OIBIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.25 B | 74.5 K | 14.7 B | 26.47% |
| Number of Holdings | 445 | 4 | 4562 | 41.71% |
| Net Assets in Top 10 | 442 M | -112 M | 3.66 B | 26.07% |
| Weighting of Top 10 | 40.81% | 4.7% | 100.0% | 40.87% |
Top 10 Holdings
- U.S. Treasury Bills 6.34%
- Spain Government Bond 5.10%
- Australia Government Bond 5.08%
- United Kingdom Gilt 5.04%
- Peru Government Bond 4.33%
- Republic of South Africa Government Bond 3.87%
- Colombian TES, Series B 3.59%
- Republic of South Africa Government Bond, Series 2032 3.57%
- Province of Quebec 1.96%
- Brazil Notas do Tesouro Nacional 1.93%
Asset Allocation
| Weighting | Return Low | Return High | OIBIX % Rank | |
|---|---|---|---|---|
| Bonds | 86.59% | 0.00% | 220.33% | 86.73% |
| Cash | 12.56% | -130.07% | 95.62% | 20.85% |
| Stocks | 3.50% | 0.00% | 7.47% | 98.58% |
| Convertible Bonds | 2.58% | 0.00% | 11.19% | 27.49% |
| Preferred Stocks | 0.00% | 0.00% | 2.87% | 98.10% |
| Other | -2.65% | -9.71% | 100.00% | 5.21% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OIBIX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 91.33% | 29.03% |
| Technology | 0.00% | 0.00% | 21.64% | 11.83% |
| Real Estate | 0.00% | 0.00% | 3.17% | 8.60% |
| Industrials | 0.00% | 0.00% | 11.80% | 24.73% |
| Healthcare | 0.00% | 0.00% | 9.46% | 30.11% |
| Financial Services | 0.00% | 0.00% | 100.00% | 43.01% |
| Energy | 0.00% | 0.00% | 100.00% | 55.91% |
| Communication Services | 0.00% | 0.00% | 56.19% | 20.43% |
| Consumer Defense | 0.00% | 0.00% | 34.30% | 20.43% |
| Consumer Cyclical | 0.00% | 0.00% | 27.00% | 26.88% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 40.86% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OIBIX % Rank | |
|---|---|---|---|---|
| Non US | 3.37% | 0.00% | 1.77% | 98.58% |
| US | 0.13% | 0.00% | 6.55% | 98.58% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | OIBIX % Rank | |
|---|---|---|---|---|
| Government | 24.61% | 0.30% | 99.47% | 82.69% |
| Corporate | 8.98% | 0.00% | 98.62% | 75.48% |
| Securitized | 3.76% | 0.00% | 52.02% | 60.58% |
| Cash & Equivalents | 2.37% | 0.00% | 95.62% | 21.63% |
| Municipal | 0.00% | 0.00% | 7.95% | 99.52% |
| Derivative | -3.86% | 0.00% | 74.77% | 12.50% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | OIBIX % Rank | |
|---|---|---|---|---|
| Non US | 66.49% | 0.00% | 112.80% | 29.38% |
| US | 20.10% | -5.52% | 107.53% | 78.67% |
OIBIX - Expenses
Operational Fees
| OIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.02% | 3.65% | 65.07% |
| Management Fee | 0.62% | 0.00% | 2.08% | 62.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| OIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| OIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| OIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 6.00% | 354.00% | 2.97% |
OIBIX - Distributions
Dividend Yield Analysis
| OIBIX | Category Low | Category High | OIBIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.18% | 0.00% | 17.40% | 99.05% |
Dividend Distribution Analysis
| OIBIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| OIBIX | Category Low | Category High | OIBIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.10% | -1.08% | 5.77% | 10.29% |
Capital Gain Distribution Analysis
| OIBIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.019 | OrdinaryDividend |
| Oct 31, 2024 | $0.019 | OrdinaryDividend |
| Sep 30, 2024 | $0.019 | OrdinaryDividend |
| Aug 30, 2024 | $0.019 | OrdinaryDividend |
| Jul 31, 2024 | $0.019 | OrdinaryDividend |
| Apr 30, 2024 | $0.019 | OrdinaryDividend |
| Mar 28, 2024 | $0.019 | OrdinaryDividend |
| Feb 29, 2024 | $0.019 | OrdinaryDividend |
| Jan 31, 2024 | $0.019 | OrdinaryDividend |
| Dec 29, 2023 | $0.019 | OrdinaryDividend |
| Nov 30, 2023 | $0.019 | OrdinaryDividend |
| Oct 31, 2023 | $0.019 | OrdinaryDividend |
| Sep 29, 2023 | $0.019 | OrdinaryDividend |
| Aug 31, 2023 | $0.019 | OrdinaryDividend |
| Jul 31, 2023 | $0.019 | OrdinaryDividend |
| Jun 30, 2023 | $0.019 | OrdinaryDividend |
| May 31, 2023 | $0.018 | OrdinaryDividend |
| Apr 28, 2023 | $0.016 | OrdinaryDividend |
| Mar 31, 2023 | $0.015 | OrdinaryDividend |
| Feb 28, 2023 | $0.014 | OrdinaryDividend |
| Jan 31, 2023 | $0.014 | OrdinaryDividend |
| Dec 30, 2022 | $0.014 | OrdinaryDividend |
| Nov 30, 2022 | $0.014 | OrdinaryDividend |
| Oct 31, 2022 | $0.014 | ReturnOfCapital |
| Sep 30, 2022 | $0.014 | ReturnOfCapital |
| Aug 31, 2022 | $0.014 | ReturnOfCapital |
| Jul 29, 2022 | $0.014 | ReturnOfCapital |
| Jun 30, 2022 | $0.014 | ReturnOfCapital |
| May 31, 2022 | $0.014 | ReturnOfCapital |
| Apr 29, 2022 | $0.014 | ReturnOfCapital |
| Mar 31, 2022 | $0.013 | ReturnOfCapital |
| Feb 28, 2022 | $0.013 | ReturnOfCapital |
| Jan 31, 2022 | $0.013 | ReturnOfCapital |
| Dec 31, 2021 | $0.013 | OrdinaryDividend |
| Nov 30, 2021 | $0.013 | OrdinaryDividend |
| Oct 29, 2021 | $0.013 | ReturnOfCapital |
| Sep 30, 2021 | $0.014 | ReturnOfCapital |
| Aug 31, 2021 | $0.015 | ReturnOfCapital |
| Jul 30, 2021 | $0.015 | ReturnOfCapital |
| Jun 30, 2021 | $0.015 | ReturnOfCapital |
| May 28, 2021 | $0.015 | ReturnOfCapital |
| Apr 30, 2021 | $0.015 | ReturnOfCapital |
| Mar 31, 2021 | $0.015 | ReturnOfCapital |
| Feb 26, 2021 | $0.013 | ReturnOfCapital |
| Jan 29, 2021 | $0.013 | ReturnOfCapital |
| Dec 31, 2020 | $0.013 | OrdinaryDividend |
| Nov 30, 2020 | $0.013 | OrdinaryDividend |
| Oct 30, 2020 | $0.013 | OrdinaryDividend |
| Sep 30, 2020 | $0.012 | OrdinaryDividend |
| Aug 31, 2020 | $0.013 | OrdinaryDividend |
| Jul 31, 2020 | $0.013 | OrdinaryDividend |
| Jun 30, 2020 | $0.014 | OrdinaryDividend |
| May 29, 2020 | $0.014 | OrdinaryDividend |
| Apr 30, 2020 | $0.014 | OrdinaryDividend |
| Mar 31, 2020 | $0.026 | OrdinaryDividend |
| Feb 28, 2020 | $0.020 | OrdinaryDividend |
| Jan 31, 2020 | $0.023 | OrdinaryDividend |
| Dec 31, 2019 | $0.021 | OrdinaryDividend |
| Nov 29, 2019 | $0.025 | OrdinaryDividend |
| Oct 31, 2019 | $0.023 | OrdinaryDividend |
| Sep 30, 2019 | $0.021 | OrdinaryDividend |
| Aug 30, 2019 | $0.025 | OrdinaryDividend |
| Jul 31, 2019 | $0.023 | OrdinaryDividend |
| Dec 31, 2013 | $0.002 | CapitalGainLongTerm |
| Dec 31, 2012 | $0.040 | CapitalGainLongTerm |
OIBIX - Fund Manager Analysis
Managers
Hemant Baijal
Start Date
Tenure
Tenure Rank
Jan 28, 2013
9.34
9.3%
Hemant Baijal (lead manager), Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Baijal managed the predecessor fund since 2018 and was associated with OppenheimerFunds, a global asset management firm, since 2011. Hemant Baijal leads the Global Fixed Income team. He is the lead portfolio manager at Oppenheimer. Prior to joining the firm, Hemant co-founded Six Seasons Global Asset Management, where he served as partner and portfolio manager with a focus on fixed income macro strategies. Before his role at Six Seasons, he was a partner and portfolio manager at Aravali Partners, LLC., where he focused on absolute return and interest rate hedging strategies. Previously, Hemant was a partner and portfolio manager at Havell Capital Management, LLC., where he focused on fixed income macro and relative value strategies. Earlier in his career, Hemant was a senior portfolio manager for international, global and multi-sector fixed income portfolios at Neuberger Berman. He has also held positions at Banca Di Roma, The First Boston Corporation and Merrill Lynch and Co. Hemant holds a B.A. from the University of Delhi and his M.B.A. from Columbia University.
Christopher (Chris) Kelly
Start Date
Tenure
Tenure Rank
Mar 31, 2015
7.17
7.2%
Mr. Kelly has been a Senior Vice President of OppenheimerFunds, Inc. since January 2016 and a Portfolio Manager of the firm and Co-Head of the Global Debt Team since March 2015. He was a Vice President of the firm from March 2015 through January 2016. Prior to joining OppenheimerFunds, Mr. Kelly was at BlackRock Inc., where he was Deputy Head of Emerging Markets Fixed Income from June 2012 to January 2015. Mr. Kelly was also a portfolio manager and Deputy Chief Investment Officer of Emerging Markets at Fisher Francis Trees and Watts, a BNP Paribas Investment Partner, from February 2008 to April 2012. Chris holds a B.A. from Macalester College and a Masters in international affairs from Columbia University. He is also a CFA charterholder.
Wim Vandenhoeck
Start Date
Tenure
Tenure Rank
Jan 26, 2018
4.35
4.4%
Wim Vandenhoeck, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2019 . Prior to joining the firm, Mr. Vandenhoeck was an Portfolio Manager with the Global Debt team in OppenheimerFunds Inc. since 2015, principally conducting interest rate and foreign currency analysis in emerging markets. Prior to that, Wim was a partner at APQ Partners LLP, an emerging markets investment adviser based out of London. Prior to that, he was an asset manager at GLG Partners LP in London, where he focused on emerging market fixed income strategies. Before GLG, he was a partner at Six Seasons Global Asset Management LLC, Aravali Partners LLC and Havell Capital Management LLC, all in New York, mainly managing fixed income macro strategies, often with a focus on emerging markets. Earlier in his career, he has held positions at Bank Brussels Lambert and Paribas Bank. Wim is also a frequent speaker on the topics of uncovering emerging market fixed income opportunities and analyzing the risk within. Wim holds a B.A. from Katholiek Universiteit Leuven and his M.B.A. from Cornell University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 28.31 | 6.8 | 3.67 |
