Invesco Files Update on Beneficial Ownership

The asset manager has disclosed its large position in the Invesco Dynamic Credit Opportunity Fund, affirming control over its R6 common shares.

October 08, 2024

Invesco Ltd., a leading global investment management firm, has revealed its substantial holding in the Invesco Dynamic Credit Opportunity Fund. According to a regulatory disclosure filed with the U.S. Securities and Exchange Commission, the company controls 28.14% of the Fund’s Class R6 common shares, equating to more than 7.7 million shares.

The filing, submitted under Schedule 13G, outlines that Invesco exercises both sole voting and dispositive power over 7,784,686.353 shares of the Fund. Invesco Ltd. is classified as both an investment adviser and a parent holding company in the filing, with these shares managed through its subsidiary, Invesco Advisers, Inc. This control over 100% of the Class R6 shares reinforces Invesco’s strong position within this specific class of securities.

The Invesco Dynamic Credit Opportunity Fund specializes in investments within corporate debt and fixed income, making it a notable component of Invesco’s broader investment portfolio. The R6 class shares represent a major share of the Fund’s common stock, contributing to a total of over 27 million shares outstanding as of the filing date.

Invesco Maintains Influence Without Seeking Control

While the Schedule 13G filing outlines Invesco’s significant ownership, the company clarified that it does not hold these securities with the intent to influence the issuer’s control. Instead, the ownership is part of Invesco’s regular asset management strategy, managed within the firm’s investment advisory framework.

The Invesco Dynamic Credit Opportunity Fund, headquartered in Houston, Texas, is a key vehicle through which the firm pursues credit market opportunities. Invesco’s disclosure reinforces the firm’s role as a dominant force in fixed-income investments, particularly through its significant stake in one of its core credit-focused funds.

This filing highlights Invesco’s sustained focus on managing major holdings within the fixed-income sector, underscoring its continued commitment to long-term investment strategies across credit markets. The company's global headquarters are located in Atlanta, Georgia, further emphasizing its expansive reach and influence in asset management worldwide.