Invesco ICVC Distribution (UK) Class Z Inc

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/03/19
to
31/03/20		 31/03/20
to
31/03/21		 31/03/21
to
31/03/22		 31/03/22
to
31/03/23		 31/03/23
to
31/03/24
Fund -8.0% 22.1% 5.5% -4.0% 12.6%
Sector -7.2% 19.8% 2.7% -4.8% 7.7%
Rank 83/147 55/154 30/165 54/174 6/180
Quartile 3 2 1 2 1

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund 4.5% 5.1% 4.2%
Sector 1.7% 3.2% 3.8%
Rank 9/165 14/147 38/103
Quartile 1 1 2

Top 10 Holdings

Stock % Weight
UNITED STATES TREAS 3.875 AUG 15 33 2.05
NATIONWIDE BUILDING SOCIETY 1.97
US TREASURY 0.750 MAY 31 26 1.85
MEXICO(UTD MEX ST) 7.500 JUN 03 27 1.80
RELX 1.64
CO-OPERATIVE BK HLDS NPV 1.61
FORD MOTOR CR LLC 4.535 MAR 06 25 1.50
UNITED STATES TREAS 2.000 AUG 15 25 1.45
EXPERIAN 1.26
UNICREDIT SPA 8.000 PERPETUAL REG 1.25
Total 16.38

Fund Aims

The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund may invest up to 80% of its assets globally in corporate and government debt securities (including investment grade, non-investment grade and unrated) and up to 40% of its assets in shares or other equity related securities of companies globally. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities, money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash

Fund Manager

Edward Craven manager for 3 years and 7 months

Photo of Edward Craven TBC

Ciaran Mallon manager for 10 years and 6 months

Photo of Ciaran Mallon Ciaran joined the company in January 2005 and is part of the UK Equities team managing UK Equity portfolios. Ciaran began his investment career in 1994 joining HSBC where he worked as an investment analyst before moving to United Friendly Asset Management (UFAM) in 1999 as a fund manager. He holds a BA (Hons) Chemistry from Oxford University and has also gained the CFA and Securities Institute Diploma.

Fund Overview

Mid (26/04/2024) 215.89p
Distribution yield 4.79%
Underlying yield 4.02%
Fund size (29/02/2024) £1572.52m
Number of holdings 581
Entry Charge 0.00%
Ongoing Charges 0.77%
Launch date 11/12/2012

Asset Allocation

pie chart
  International Bonds 44.00%
  UK Equities 26.53%
  UK Corporate Bonds 15.97%
  International Equities 4.46%
  Money Market 2.56%
  Cash and Equivalents 2.30%
  UK Gilts 0.65%
  Alternative Trading Strategies 0.42%
  Investment Trusts 0.15%
  Other Assets 2.95%
Portfolio data accurate as at: 29/02/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.

This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 44.00%
  UK Equities 26.53%
  UK Corporate Bonds 15.97%
  International Equities 4.46%
  Money Market 2.56%
  Cash and Equivalents 2.30%
  UK Gilts 0.65%
  Alternative Trading Strategies 0.42%
  Investment Trusts 0.15%
  Other Assets 2.95%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 60.63% - - -
 
 Consumer Discretionary 6.84% - - -
 
 Media - 2.89% - -
 
 Media - - 2.89% -
 
 Publishing - - - 1.64%
 
 Media Agencies - - - 1.12%
 
 Radio & TV Broadcasters - - - 0.13%
 
 Travel & Leisure - 1.38% - -
 
 Travel & Leisure - - 1.38% -
 
 Hotels & Motels - - - 1.38%
 
 Consumer Products & Services - 1.31% - -
 
 Consumer Services - - 1.17% -
 
 Vending & Catering Service - - - 1.17%
 
 Personal Goods - - 0.14% -
 
 Clothing & Accessories - - - 0.14%
 
 Retail - 1.26% - -
 
 Retailers - - 1.26% -
 
 Diversified Retailers - - - 1.00%
 
 Specialty Retailers - - - 0.16%
 
 Home Improvement Retailers - - - 0.11%
 
 Industrials 5.49% - - -
 
 Industrial Goods & Services - 5.49% - -
 
 Industrial Support Services - - 3.00% -
 
 Industrial Suppliers - - - 1.51%
 
 Professional Business Support Services - - - 1.46%
 
 Transaction Processing Services - - - 0.04%
 
 General Industrials - - 1.34% -
 
 Diversified Industrials - - - 1.18%
 
 Containers & Packaging - - - 0.16%
 
 Industrial Transportation - - 0.77% -
 
 Commercial Vehicle-Equipment Leasing - - - 0.46%
 
 Railroads - - - 0.31%
 
 Aerospace & Defence - - 0.37% -
 
 Defense - - - 0.25%
 
 Aerospace - - - 0.12%
 
 Financials 5.34% - - -
 
 Banks - 2.69% - -
 
 Banks - - 2.69% -
 
 Banks - - - 2.69%
 
 Insurance - 1.55% - -
 
 Life Insurance - - 1.22% -
 
 Life Insurance - - - 1.22%
 
 Non-life Insurance - - 0.33% -
 
 Property & Casualty Insurance - - - 0.18%
 
 Full Line Insurance - - - 0.15%
 
 Financial Services - 1.10% - -
 
 Investment Banking & Brokerage Services - - 0.68% -
 
 Asset Managers & Custodians - - - 0.47%
 
 Investment Services - - - 0.22%
 
 Finance & Credit Services - - 0.27% -
 
 Financial Data & Systems - - - 0.27%
 
 Equity Investment Instruments - - 0.15% -
 
 Equity Investment Instruments - - - 0.15%
 
 Non-Classified 5.09% - - -
 
 Cash and Equivalents 4.86% - - -
 
 Utilities 3.67% - - -
 
 Utilities - 3.67% - -
 
 Gas, Water & Multi-utilities - - 2.50% -
 
 Water - - - 1.54%
 
 Multi-Utilities - - - 0.97%
 
 Electricity - - 1.17% -
 
 Conventional Electricity - - - 1.17%
 
 Health Care 2.54% - - -
 
 Health Care - 2.54% - -
 
 Pharmaceuticals & Biotechnology - - 1.42% -
 
 Pharmaceuticals - - - 1.42%
 
 Medical Equipment & Services - - 0.87% -
 
 Medical Equipment - - - 0.87%
 
 Health Care Providers - - 0.25% -
 
 Health Care Management Services - - - 0.25%
 
 Consumer Staples 2.11% - - -
 
 Food, Beverage & Tobacco - 1.26% - -
 
 Tobacco - - 0.68% -
 
 Tobacco - - - 0.68%
 
 Beverages - - 0.58% -
 
 Distillers & Vintners - - - 0.24%
 
 Soft Drinks - - - 0.21%
 
 Brewers - - - 0.13%
 
 Personal Care, Drug & Grocery Stores - 0.85% - -
 
 Personal Care, Drug & Grocery Stores - - 0.85% -
 
 Food Retailers & Wholesalers - - - 0.41%
 
 Nondurable Household Products - - - 0.36%
 
 Personal Products - - - 0.07%
 
 Basic Materials 1.01% - - -
 
 Chemicals - 0.86% - -
 
 Chemicals - - 0.86% -
 
 Chemicals: Diversified - - - 0.86%
 
 Basic Resources - 0.15% - -
 
 Industrial Metals & Mining - - 0.15% -
 
 General Mining - - - 0.15%
 
 Energy 0.79% - - -
 
 Energy - 0.79% - -
 
 Non-Renewable Energy - - 0.79% -
 
 Integrated Oil & Gas - - - 0.62%
 
 Oil: Crude Producers - - - 0.17%
 
 Technology 0.77% - - -
 
 Technology - 0.77% - -
 
 Technology Hardware & Equipment - - 0.54% -
 
 Semiconductors - - - 0.54%
 
 Software & Computer Services - - 0.22% -
 
 Software - - - 0.22%
 
 Alternative Trading Strategies 0.42% - - -
 
 Alternative Trading Strategies - 0.42% - -
 
 Alternative Trading Strategies - - 0.42% -
 
 Alternative Trading Strategies - - - 0.42%
 
 Telecommunications 0.24% - - -
 
 Telecommunications - 0.24% - -
 
 Telecommunications Service Providers - - 0.16% -
 
 Telecommunications Services - - - 0.16%
 
 Telecommunications Equipment - - 0.08% -
 
 Telecommunications Equipment - - - 0.08%
 
 Real Estate 0.22% - - -
 
 Real Estate - 0.22% - -
 
 Real Estate Investment Trusts - - 0.22% -
 
 Infrastructure REITs - - - 0.22%

Regional Allocation

pie chart
  UK 43.15%
  Developed Europe - Excl UK 23.48%
  North America 18.74%
  Non-Classified 6.62%
  Cash and Equivalents 4.86%
  South & Central America 2.03%
  Emerging Europe 0.30%
  Japan 0.28%
  Developed Asia 0.20%
  Other Regions 0.33%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 37.07%
  Pound Sterling 24.18%
  US Dollar 22.46%
  Euro 12.02%
  Cash 2.30%
  Mexican Peso 1.80%
  Rand 0.17%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 43.15% -
 
 United Kingdom - 43.15%
 
 Developed Europe - Excl UK 23.48% -
 
 France - 5.43%
 
 Italy - 4.49%
 
 Netherlands - 3.35%
 
 Germany - 3.23%
 
 Spain - 1.99%
 
 Luxembourg - 1.63%
 
 Ireland - 1.42%
 
 Switzerland - 0.83%
 
 Sweden - 0.32%
 
 Denmark - 0.30%
 
 Belgium - 0.25%
 
 Norway - 0.17%
 
 Portugal - 0.08%
 
 North America 18.74% -
 
 United States - 18.45%
 
 Canada - 0.29%
 
 Non-Classified 6.62% -
 
 Cash and Equivalents 4.86% -
 
 South & Central America 2.03% -
 
 Mexico - 2.03%
 
 Emerging Europe 0.30% -
 
 Greece - 0.30%
 
 Japan 0.28% -
 
 Japan - 0.28%
 
 Developed Asia 0.20% -
 
 Hong Kong - 0.20%
 
 Middle East & Africa 0.17% -
 
 South Africa - 0.17%
 
 Emerging Asia 0.08% -
 
 South Korea - 0.08%
 
 Australia & New Zealand 0.08% -
 
 Australia - 0.08%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
22.07%
5Yr - 10Yr Maturity
 
 
15.28%
10Yr - 15Yr Maturity
 
 
3.13%
> 15Yr Maturity
 
 
20.15%
Cash And Equivalents
 
 
4.86%
Unknown Maturity
 
 
2.95%
Other Asset Types
 
 
31.55%

Fixed Interest Quality Profile

AAA
 
 
8.68%
AA
 
 
1.26%
A
 
 
5.24%
BBB
 
 
14.81%
Sub-Investment Grade
 
 
15.03%
Unknown Quality
 
 
15.59%
Cash and Equivalents
 
 
4.86%
Other Asset Types
 
 
34.51%

Top 10 Holdings

Stock % Weight Sector Country
1 UNITED STATES TREAS 3.875 AUG 15 33 2.05% Bonds United States
2 NATIONWIDE BUILDING SOCIETY 1.97% Banks United Kingdom
3 US TREASURY 0.750 MAY 31 26 1.85% Bonds United States
4 MEXICO(UTD MEX ST) 7.500 JUN 03 27 1.80% Bonds Mexico
5 RELX 1.64% Media United Kingdom
6 CO-OPERATIVE BK HLDS NPV 1.61% Non-Classified United Kingdom
7 FORD MOTOR CR LLC 4.535 MAR 06 25 1.50% Bonds United States
8 UNITED STATES TREAS 2.000 AUG 15 25 1.45% Bonds United States
9 EXPERIAN 1.26% Industrial Support Services United Kingdom
10 UNICREDIT SPA 8.000 PERPETUAL REG 1.25% Bonds Italy

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B8N4543
Mex Code BRGAAZ
Isin Code GB00B8N45436
Citi Code GUVX

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.77%

Aims and Benchmark

Aims The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund may invest up to 80% of its assets globally in corporate and government debt securities (including investment grade, non-investment grade and unrated) and up to 40% of its assets in shares or other equity related securities of companies globally. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities, money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash
Benchmark IA Mixed Investment 20-60% Shares Sector
Benchmark Category -
IA Sector Mixed Investment 20-60% Shares

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type ICVC
Launch price £0.48
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Monthly
Distribution Type Interest
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 January 31 January
01 February 28 February
01 March 31 March
01 April 30 April
01 May 31 May
01 June 30 June
01 July 31 July
01 August 31 August
01 September 30 September
01 October 31 October
01 November 30 November
01 December 31 December

Ratings

FE Crown Crown Rating of 4

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository Citibank
Fund Administrator Internal
Fund Registrar Internal
Fund Custodian The Bank of New York Mellon (International) Limited

Group Details

Group name Invesco ICVC
Group address INVESCO Park Henley-on-Thames Oxfordshire RG9 1HH United Kingdom
Group telephone 0800 028 2121
Dealing telephone 0800 085 8571
Email Sally.Elsbury@Invesco.com
Homepage https://www.invesco.co.uk/uk
Fax number 01491 416000

Dealing

Minimum Investment £500
Minimum Top Up £100
Minimum Regular Saving £20
Settlement Period: Buy 3 days
Settlement Period: Sell 3 days
Pricing Basis Forward
Dealing Decimals 2

Important Information

Ongoing charges may vary in the future and may be higher than they are now.

This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha 2.37
Beta 1.10
Sharpe 0.13
Standard Deviation 7.98
Info Ratio 0.93

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate No
Higher Risk No
Performance Charges No
Derivative Exposure Yes
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
Ethical Restrictions Yes
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Derivative Exposure

The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.

Solvency of Bond Issuers

If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.

Ethical Restrictions

The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

Important Information

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.