OEMCX

About OEMCX

Invesco Emerging Markets Local Debt Fund Class C is an open-end mutual fund focused on generating total return from local-currency debt issued by emerging-market governments and related entities. The strategy invests at least 80% of assets in bonds economically tied to developing countries, emphasizing sovereign and quasi-sovereign instruments while actively managing currency exposure through forward contracts and other derivatives. The portfolio targets the emerging-markets local-currency segment, aligning with the J.P. Morgan GBI-EM Global Diversified Total Return Index as a benchmark, and employs a top-down macro framework complemented by country-level analysis to allocate across rates and currencies. Key holdings span government bonds from markets such as Mexico, Poland, Malaysia, Indonesia, India, South Africa, Türkiye, and Colombia, reflecting diversified geographic exposure and intermediate duration characteristics. The fund distributes income monthly and sits within Morningstar’s Emerging-Markets Local-Currency Bond category, with a fee structure characteristic of level-load share classes. Its role in a portfolio is to provide access to local interest-rate cycles and currency movements in developing economies, offering diversification benefits relative to developed-market fixed income.