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Invesco Dynamic Credit Opportunity Fund - Invesco Dynamic Credit Opportunity Fd USD Cls R6
mutual fund
XCRRX
Payout Change
Pending
Price as of:
$10.95
+0.0
+0.0%
primary theme
Bank Loan
share class
XCRRX (Mutual Fund)
Invesco Dynamic Credit Opportunity Fund - Invesco Dynamic Credit Opportunity Fd USD Cls R6
Payout Change
Pending
Price as of:
$10.95
+0.0
+0.0%
primary theme
Bank Loan
share class
XCRRX (Mutual Fund)
Invesco Dynamic Credit Opportunity Fund - Invesco Dynamic Credit Opportunity Fd USD Cls R6
Payout Change
Pending
Price as of:
$10.95
+0.0
+0.0%
primary theme
Bank Loan
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
Invesco Dynamic Credit Opportunity Fund - Invesco Dynamic Credit Opportunity Fd USD Cls R6
XCRRX | Fund
$10.95
$397 M
11.50%
$1.26
2.55%
Vitals
YTD Return
9.4%
1 yr return
9.6%
3 Yr Avg Return
5.5%
5 Yr Avg Return
N/A
Net Assets
$397 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
$11.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 96.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Closed-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
Invesco Dynamic Credit Opportunity Fund - Invesco Dynamic Credit Opportunity Fd USD Cls R6
XCRRX | Fund
$10.95
$397 M
11.50%
$1.26
2.55%
XCRRX - Profile
Distributions
- YTD Total Return 9.4%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.20%
- Dividend Yield 11.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Dynamic Credit Opportunity Fund - Invesco Dynamic Credit Opportunity Fd USD Cls R6
-
Fund Family NameInvesco
-
Inception DateNov 01, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott Baskind
Fund Description
XCRRX - Performance
Return Ranking - Trailing
| Period | XCRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -3.4% | 10.8% | 13.58% |
| 1 Yr | 9.6% | -3.2% | 12.9% | 15.91% |
| 3 Yr | 5.5%* | -6.8% | 7.9% | 53.31% |
| 5 Yr | N/A* | -6.1% | 38.3% | N/A |
| 10 Yr | N/A* | -1.9% | 20.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | XCRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.1% | -12.0% | 11.1% | 95.09% |
| 2022 | -10.0% | -22.9% | 5.1% | 81.78% |
| 2021 | N/A | -12.2% | 11.1% | N/A |
| 2020 | N/A | -14.1% | 289.8% | N/A |
| 2019 | N/A | -8.1% | 7.5% | N/A |
Total Return Ranking - Trailing
| Period | XCRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -3.4% | 10.8% | 13.58% |
| 1 Yr | 9.6% | -3.2% | 12.9% | 15.91% |
| 3 Yr | 5.5%* | -6.8% | 7.9% | 53.31% |
| 5 Yr | N/A* | -6.1% | 38.3% | N/A |
| 10 Yr | N/A* | -1.9% | 20.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | XCRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | -12.0% | 22.1% | 29.43% |
| 2022 | -0.6% | -22.9% | 5.1% | 12.79% |
| 2021 | N/A | -10.2% | 11.1% | N/A |
| 2020 | N/A | -14.1% | 306.9% | N/A |
| 2019 | N/A | -3.6% | 10.5% | N/A |
NAV & Total Return History
XCRRX - Holdings
Concentration Analysis
| XCRRX | Category Low | Category High | XCRRX % Rank | |
|---|---|---|---|---|
| Net Assets | 397 M | 29.9 M | 13.5 B | 62.16% |
| Number of Holdings | N/A | 2 | 2051 | N/A |
| Net Assets in Top 10 | N/A | -191 M | 2.37 B | N/A |
| Weighting of Top 10 | N/A | 5.2% | 100.7% | N/A |
Top 10 Holdings
Asset Allocation
| Weighting | Return Low | Return High | XCRRX % Rank | |
|---|---|---|---|---|
| Stocks | 0.00% | 0.00% | 100.74% | N/A |
| Preferred Stocks | 0.00% | -3.99% | 7.54% | N/A |
| Other | 0.00% | -52.39% | 26.58% | N/A |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | N/A |
| Cash | 0.00% | -61.90% | 16.36% | N/A |
| Bonds | 0.00% | 0.00% | 161.82% | N/A |
XCRRX - Expenses
Operational Fees
| XCRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.55% | 0.03% | 5.51% | 12.12% |
| Management Fee | 1.61% | 0.00% | 1.89% | 97.73% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.02% | 0.02% | 0.27% | 3.33% |
Sales Fees
| XCRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| XCRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| XCRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 96.00% | 4.00% | 180.00% | 84.71% |
XCRRX - Distributions
Dividend Yield Analysis
| XCRRX | Category Low | Category High | XCRRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 11.50% | 0.00% | 11.13% | 65.28% |
Dividend Distribution Analysis
| XCRRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| XCRRX | Category Low | Category High | XCRRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.20% | 1.77% | 9.82% | 9.09% |
Capital Gain Distribution Analysis
| XCRRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.315 | OrdinaryDividend |
| Dec 29, 2023 | $0.314 | OrdinaryDividend |
| Sep 29, 2023 | $0.301 | OrdinaryDividend |
| Jun 30, 2023 | $0.274 | OrdinaryDividend |
| Mar 31, 2023 | $0.270 | OrdinaryDividend |
| Dec 30, 2022 | $0.250 | OrdinaryDividend |
| Sep 30, 2022 | $0.236 | OrdinaryDividend |
| Jun 30, 2022 | $0.225 | OrdinaryDividend |
| Mar 31, 2022 | $0.227 | OrdinaryDividend |
| Jan 31, 2022 | $0.073 | OrdinaryDividend |
| Dec 31, 2021 | $0.150 | OrdinaryDividend |
XCRRX - Fund Manager Analysis
Managers
Scott Baskind
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Scott Baskind Head of Global Senior Loans and Chief Investment Officer Scott is the president and managing director of Invesco’s US$27.9 billion senior loan business and serves as the group’s chief investment officer. Scott is head of the senior loan Investment Committee and serves as the senior portfolio manager for several funds. Scott joined Invesco Senior Secured Management, Inc. in 1999 as a credit analyst, and has taken on progressively more senior roles including his current position in 2014.
Philip Yarrow
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Philip Yarrow is a Portfolio Manager for Invesco Senior Secured Management, Inc. Mr. Yarrow entered the industry in 1995 and joined Invesco in 2010, when the firm combined with Van Kampen. He was previously a portfolio manager in the senior loan group and member of the group’s investment committee at Van Kampen, which he joined in 2005. Prior to joining Invesco Senior Secured, Mr. Yarrow was an Executive Director with Morgan Stanley. Prior to that, he served as a credit analyst and a portfolio manager at Bank One/JPMorgan. Mr. Yarrow earned a BS degree in mathematics and economics from the Uni
Nuno Caetano
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Nuno Caetano is a Senior Credit Analyst and Portfolio Manager for Invesco Fixed Income's Senior Secured Bank Loan group. Prior to joining Invesco in 2010, Mr. Caetano was a vice president and portfolio manager with Morgan Stanley, a position he held since late 2006. Previously, he was a vice president in the Leveraged Finance Portfolio group at Citigroup. While at Citigroup, Mr. Caetano also held positions including senior associate in the European Deal Structuring and Origination team, associate banker in the firm's Global Banking franchise, and warrants trader in its Corporate and Investment Bank. Mr. Caetano earned a BS degree in business administration and an MS degree in corporate finance from Universidade Catolica Portuguesa. He is a CFA charterholder.
Ron Kantowitz
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Portfolio Manager, who has been responsible for the Fund since 2021 and has been associated with Invesco Senior Secured and/or its affiliates since 2018. From 2013 to 2018, he was employed with Benefit Street Partners, an alternative credit asset manager, where he served as managing director.
Thomas Ewald
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Thomas Ewald, Portfolio Manager, has been associated with Invesco Senior Secured and/or its affiliates since 2000. Tom is a Senior Portfolio Manager in Invesco’s Senior Secured Bank Loan Group and a member of the Investment Committee. He is responsible for credit research and portfolio management with a focus on retail funds. Tom joined Invesco in 2000 as a Credit Analyst and was promoted to Portfolio Manager in 2001. Prior to joining Invesco, Tom was one of the initial members of First Union Institutional Debt Management and assisted in growing assets under management. Before joining IDM, To
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.08 | 3.25 |
