Invesco ICVC Asian (UK) Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/01/21 to 31/01/22 |
31/01/22 to 31/01/23 |
31/01/23 to 31/01/24 |
31/01/24 to 31/01/25 |
31/01/25 to 31/01/26 |
|
|---|---|---|---|---|---|
| Fund | -2.0% | 8.2% | -9.2% | 24.3% | 29.3% |
| Sector | -4.9% | 2.1% | -10.8% | 16.9% | 23.9% |
| Rank | 47/107 | 18/110 | 56/113 | 7/114 | 50/116 |
| Quartile | 2 | 1 | 2 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/01/26 |
5 Years to 31/01/26 |
10 Years to 31/01/26 |
||
| Fund | 13.5% | 9.1% | 14.5% | |
| Sector | 8.9% | 4.6% | 10.4% | |
| Rank | 23/113 | 15/107 | 2/88 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.88 |
| TENCENT HOLDINGS LIMITED | 5.98 |
| SAMSUNG ELECTRONICS CO. LTD | 5.69 |
| HDFC BANK LIMITED | 3.58 |
| KASIKORNBANK PUBLIC COMPANY LIMITED | 3.44 |
| NETEASE INC | 2.95 |
| UNITED OVERSEAS BANK LIMITED | 2.74 |
| AIA GROUP LIMITED | 2.72 |
| ANGLO AMERICAN | 2.25 |
| ASTRA INTERNATIONAL | 2.14 |
| Total | 41.37 |
Fund Aims
The Fund aims to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in Asia and Australasia, excluding Japan. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non Asian or Australasian companies), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Fund Manager
Matthew is a fund manager within the Henley-based Asian & Emerging Market Equities team, with a focus on emerging market equity strategies.
He began his career in 2014 at The Bank of Tokyo-Mitsubishi as part of their graduate banking programme. He subsequently joined Jupiter Asset Management as an investment analyst in 2017, where he worked on various funds across emerging markets equities, before joining Invesco in July 2022.
He holds a BA (Hons) in Modern History from the University of Oxford and is a CFA charterholder.
Charles is a fund manager within the Henley-based Asian & Emerging Market Equities team, with a focus on managing emerging market equity strategies.
He started his investment career within the fund research team at Chelsea Financial Services in January 2011 and joined Invesco in April 2012.
Charles holds a BSc (Hons) in International Relations from the University of Manchester and the Investment Management Certificate from the CFA Society of the UK.
William is co-head of the Henley-based Asian & Emerging Market Equities team, managing and overseeing various Asian and emerging market equity portfolios.
William began his investment career in 2001 at Orbis Investment Advisory Limited as a global investment analyst, before joining the Henley-based Asian Equities team in May 2006.
He holds an MA in Psychology and Philosophy (first class) from Oxford University and MSc in Music Technology from York University. He qualified as a chartered accountant in 2001 and became a CFA charterholder in 2004.
Fund Overview
| Mid (11/02/2026) | 697.70p |
| Historic yield | 1.78% |
| Fund size (31/12/2025) | £2992.70m |
| Number of holdings | 198 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
| Launch date | 11/12/2012 |
Asset Allocation
| International Equities | 93.05% | |
| UK Equities | 3.53% | |
| Money Market | 3.40% | |
| International Bonds | 0.02% | |
| Cash and Equivalents | 0.00% |
Important Information
Source of portfolio data: Broadridge. 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.
Asset Allocation
| International Equities | 93.05% | |
| UK Equities | 3.53% | |
| Money Market | 3.40% | |
| International Bonds | 0.02% | |
| Cash and Equivalents | 0.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 23.34% | - | - | - | |
| Technology | - | 23.34% | - | - | |
| Technology Hardware & Equipment | - | - | 14.52% | - | |
| Semiconductors | - | - | - | 11.29% | |
| Electronic Components | - | - | - | 3.23% | |
| Software & Computer Services | - | - | 8.83% | - | |
| Consumer Digital Services | - | - | - | 7.17% | |
| Computer Services | - | - | - | 1.66% | |
| Financials | 21.73% | - | - | - | |
| Banks | - | 15.14% | - | - | |
| Banks | - | - | 15.14% | - | |
| Banks | - | - | - | 15.14% | |
| Insurance | - | 5.15% | - | - | |
| Life Insurance | - | - | 2.72% | - | |
| Life Insurance | - | - | - | 2.72% | |
| Non-life Insurance | - | - | 2.43% | - | |
| Property & Casualty Insurance | - | - | - | 2.43% | |
| Financial Services | - | 1.44% | - | - | |
| Finance & Credit Services | - | - | 1.44% | - | |
| Consumer Lending | - | - | - | 1.44% | |
| Consumer Discretionary | 17.48% | - | - | - | |
| Consumer Products & Services | - | 5.84% | - | - | |
| Leisure Goods | - | - | 2.95% | - | |
| Electronic Entertainment | - | - | - | 2.95% | |
| Consumer Services | - | - | 2.39% | - | |
| Education Services | - | - | - | 1.28% | |
| Consumer Services: Misc. | - | - | - | 1.11% | |
| Household Goods & Home Construction | - | - | 0.50% | - | |
| Household Appliance | - | - | - | 0.50% | |
| Retail | - | 4.77% | - | - | |
| Retailers | - | - | 4.77% | - | |
| Diversified Retailers | - | - | - | 4.77% | |
| Automobiles & Parts | - | 3.95% | - | - | |
| Automobiles & Parts | - | - | 3.95% | - | |
| Automobiles | - | - | - | 2.73% | |
| Auto Parts | - | - | - | 1.22% | |
| Travel & Leisure | - | 2.92% | - | - | |
| Travel & Leisure | - | - | 2.92% | - | |
| Hotels & Motels | - | - | - | 2.38% | |
| Casinos & Gambling | - | - | - | 0.54% | |
| Telecommunications | 8.67% | - | - | - | |
| Telecommunications | - | 8.67% | - | - | |
| Telecommunications Equipment | - | - | 7.63% | - | |
| Telecommunications Equipment | - | - | - | 7.63% | |
| Telecommunications Service Providers | - | - | 1.05% | - | |
| Telecommunications Services | - | - | - | 1.05% | |
| Industrials | 7.48% | - | - | - | |
| Industrial Goods & Services | - | 5.81% | - | - | |
| General Industrials | - | - | 3.55% | - | |
| Diversified Industrials | - | - | - | 2.70% | |
| Containers & Packaging | - | - | - | 0.85% | |
| Industrial Transportation | - | - | 1.46% | - | |
| Transportation Services | - | - | - | 1.46% | |
| Industrial Engineering | - | - | 0.46% | - | |
| Machinery: Construction & Handling | - | - | - | 0.46% | |
| Electronic & Electrical Equipment | - | - | 0.35% | - | |
| Electrical Components | - | - | - | 0.35% | |
| Construction & Materials | - | 1.67% | - | - | |
| Construction & Materials | - | - | 1.67% | - | |
| Cement | - | - | - | 1.03% | |
| Construction | - | - | - | 0.64% | |
| Basic Materials | 6.40% | - | - | - | |
| Basic Resources | - | 5.38% | - | - | |
| Industrial Metals & Mining | - | - | 4.15% | - | |
| General Mining | - | - | - | 4.15% | |
| Precious Metals & Mining | - | - | 1.23% | - | |
| Gold Mining | - | - | - | 0.72% | |
| Platinum & Precious Metals | - | - | - | 0.51% | |
| Chemicals | - | 1.02% | - | - | |
| Chemicals | - | - | 1.02% | - | |
| Chemicals: Diversified | - | - | - | 1.02% | |
| Consumer Staples | 5.67% | - | - | - | |
| Food, Beverage & Tobacco | - | 5.04% | - | - | |
| Food Producers | - | - | 3.16% | - | |
| Food Products | - | - | - | 3.16% | |
| Beverages | - | - | 1.89% | - | |
| Brewers | - | - | - | 1.44% | |
| Distillers & Vintners | - | - | - | 0.44% | |
| Personal Care, Drug & Grocery Stores | - | 0.63% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.63% | - | |
| Personal Products | - | - | - | 0.63% | |
| Cash and Equivalents | 3.40% | - | - | - | |
| Energy | 2.17% | - | - | - | |
| Energy | - | 2.17% | - | - | |
| Non-Renewable Energy | - | - | 2.17% | - | |
| Oil: Crude Producers | - | - | - | 1.72% | |
| Oil Equipment & Services | - | - | - | 0.45% | |
| Real Estate | 1.46% | - | - | - | |
| Real Estate | - | 1.46% | - | - | |
| Real Estate Investment & Services | - | - | 1.46% | - | |
| Real Estate Holding and Development | - | - | - | 1.46% | |
| Health Care | 1.07% | - | - | - | |
| Health Care | - | 1.07% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.07% | - | |
| Biotechnology | - | - | - | 1.07% | |
| Utilities | 1.03% | - | - | - | |
| Utilities | - | 1.03% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.03% | - | |
| Gas Distribution | - | - | - | 1.03% | |
| Non-Classified | 0.06% | - | - | - | |
| Bonds | 0.02% | - | - | - | |
Regional Allocation
| Emerging Asia | 64.22% | |
| Developed Asia | 11.60% | |
| North America | 10.10% | |
| Australia & New Zealand | 6.56% | |
| UK | 3.53% | |
| Cash and Equivalents | 3.40% | |
| Middle East & Africa | 0.51% | |
| Australia & New Zealand | 0.08% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.58% | |
| Cash | 0.32% | |
| Pound Sterling | 0.11% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 64.22% | - | |
China
|
- | 19.02% | |
Taiwan
|
- | 14.52% | |
South Korea
|
- | 13.49% | |
India
|
- | 6.41% | |
Indonesia
|
- | 5.70% | |
Thailand
|
- | 4.48% | |
Viet Nam
|
- | 0.61% | |
| Developed Asia | 11.60% | - | |
Hong Kong
|
- | 8.86% | |
Singapore
|
- | 2.74% | |
| North America | 10.10% | - | |
United States
|
- | 10.10% | |
| Australia & New Zealand | 6.56% | - | |
Australia
|
- | 6.64% | |
| UK | 3.53% | - | |
United Kingdom
|
- | 3.53% | |
| Cash and Equivalents | 3.40% | - | |
| Middle East & Africa | 0.51% | - | |
South Africa
|
- | 0.51% | |
| Australia & New Zealand | 0.08% | - | |
Breakdown By Market Cap (%)
| Mega |
|
46.55% |
| Large |
|
25.46% |
| Medium |
|
5.42% |
| Non-Classified |
|
19.15% |
| Bonds |
|
0.02% |
| Cash |
|
3.40% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.88% | Technology Hardware & Equipment | Taiwan |
| 2 | TENCENT HOLDINGS LIMITED | 5.98% | Software & Computer Services | China |
| 3 | SAMSUNG ELECTRONICS CO. LTD | 5.69% | Telecommunications Equipment | South Korea |
| 4 | HDFC BANK LIMITED | 3.58% | Banks | India |
| 5 | KASIKORNBANK PUBLIC COMPANY LIMITED | 3.44% | Banks | Thailand |
| 6 | NETEASE INC | 2.95% | Leisure Goods | China |
| 7 | UNITED OVERSEAS BANK LIMITED | 2.74% | Banks | Singapore |
| 8 | AIA GROUP LIMITED | 2.72% | Life Insurance | Hong Kong |
| 9 | ANGLO AMERICAN | 2.25% | Industrial Metals & Mining | United Kingdom |
| 10 | ASTRA INTERNATIONAL | 2.14% | Automobiles & Parts | Indonesia |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 23.34% | - | - | - | - | - | - | 23.34% |
| Telecommunications | - | 8.67% | - | - | - | - | - | - | 8.67% |
| Financials | - | 21.73% | - | - | - | - | - | - | 21.73% |
| Real Estate | - | 1.46% | - | - | - | - | - | - | 1.46% |
| Consumer Discretionary | - | 17.48% | - | - | - | - | - | - | 17.48% |
| Consumer Staples | - | 5.67% | - | - | - | - | - | - | 5.67% |
| Energy | - | 2.17% | - | - | - | - | - | - | 2.17% |
| Utilities | - | 1.03% | - | - | - | - | - | - | 1.03% |
| Health Care | - | 1.07% | - | - | - | - | - | - | 1.07% |
| Industrials | - | 7.48% | - | - | - | - | - | - | 7.48% |
| Basic Materials | 3.53% | 2.87% | - | - | - | - | - | - | 6.40% |
| Cash and Equivalents | - | - | - | - | - | - | - | - | - |
| Bonds | - | - | - | 0.02% | - | - | - | - | 0.02% |
| Non-Classified | - | 0.06% | - | - | - | - | - | 3.40% | 3.46% |
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 | B8N44R9 |
| Mex Code | BRGAAN |
| Isin Code | GB00B8N44R93 |
| Citi Code | GUVH |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
Aims and Benchmark
| Aims | The Fund aims to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in Asia and Australasia, excluding Japan. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non Asian or Australasian companies), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash. |
| Benchmark | IA Asia Pacific excluding Japan Sector |
| Benchmark Category | - |
| IA Sector | Asia Pacific Excluding Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
Ratings
| FE Crown |  |
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 | 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 |
| 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. 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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 3.18 |
| Beta | 1.01 |
| Sharpe | 0.84 |
| Standard Deviation | 11.79 |
| Info Ratio | 0.85 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| 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 | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | Yes |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
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.
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.