Invesco Dynamic Credit Opportunities Fund (XAXCX) is a closed-end interval fund that seeks a high level of current income, with a secondary objective of capital appreciation, by dynamically allocating across private credit strategies including direct lending, opportunistic credit, broadly syndicated loans, and structured credit such as collateralized loan obligations and collateralized bond obligations. The fund invests primarily in fixed income securities like senior secured floating rate loans, fixed rate loans, and collateralized debt across diversified sectors in the United States and global markets, employing fundamental analysis with bottom-up security selection and benchmarking against the Credit Suisse Leveraged Loan Index. It offers shares through continuous offerings with quarterly repurchases, targeting institutional and retail investors seeking enhanced yields relative to public markets, and maintains total assets of approximately $243 million with a TTM yield of 11.82% and an adjusted expense ratio of 4.000%.
Launched on June 26, 2007, and domiciled in the United States with its principal executive offices at 11 Greenway Plaza, Suite 1000, Houston, Texas, the fund was formerly known as Invesco Van Kampen Dynamic Credit Opportunities Fund and is managed by Invesco Advisers, Inc., along with affiliates including Invesco Senior Secured Management, Inc. Invesco Ltd., the parent investment manager headquartered in Atlanta, Georgia, backs the fund with over 35 years of institutional expertise and a private credit platform exceeding $47 billion in assets under management as of March 31, 2025.
In October 2025, Invesco completed the first phase of a strategic partnership with Barings, launching a jointly managed iteration of the Dynamic Credit Opportunity Fund as a closed-end interval fund focused on the full spectrum of private corporate credit, with co-management led by Invesco's Scott Baskind, CIO and Head of Global Private Credit, and supported by MassMutual's intended $650 million commitment including $150 million directly into the fund. This alliance enhances the fund's access to Barings' resources amid growing demand for private credit solutions for U.S. wealth clients and leverages Invesco's $131 billion private markets business. The partnership reflects Invesco's intensified focus on private markets innovation and dynamic allocation strategies.