Invesco ICVC Corporate Bond (UK) Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
31/07/24 to 31/07/25 |
|
|---|---|---|---|---|---|
| Fund | 3.0% | -9.2% | -3.7% | 11.2% | 3.8% |
| Sector | 2.8% | -11.3% | -5.6% | 9.9% | 4.7% |
| Rank | 32/89 | 23/89 | 27/92 | 17/94 | 73/96 |
| Quartile | 2 | 1 | 2 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/25 |
5 Years to 31/07/25 |
10 Years to 31/07/25 |
||
| Fund | 3.6% | 0.8% | 2.6% | |
| Sector | 2.8% | -0.2% | 2.4% | |
| Rank | 29/92 | 29/89 | 21/69 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| LLOYDS BANKING GROUP FLTG 2.707 DEC 03 35 | 2.06 |
| ⅛% Index-linked Treasury Gilt 2051 | 1.96 |
| EDF 6.000 JAN 23 14 | 1.51 |
| 4⅜% Treasury Gilt 2054 | 1.47 |
| VODAFONE GROUP 3.000 AUG 12 56 REG | 1.43 |
| AT&T INC 4.375 SEP 14 29 | 1.34 |
| BNP PARIBAS FLTG 6.000 AUG 18 29 | 1.28 |
| BANK OF AMERICA CORP FLTG 1.667 JUN 02 29 | 1.25 |
| JPMORGAN CHASE &CO FLTG 1.875 APR 28 33 | 1.21 |
| GOLDMAN SACHS GRP FLTG 3.625 OCT 29 29 | 1.20 |
| Total | 14.71 |
Fund Aims
The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund invests at least 80% of its assets in investment grade corporate debt securities. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including government, unrated and non-investment grade corporate debt securities), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Fund Manager
TBC
Michael began his investment career in 1995, joining the co-heads of Invesco’s Fixed Interest team, Paul Read and Paul Causer, upon the team’s foundation. He initially specialised in the team’s money and foreign exchange market activities before predominantly focusing on government and investment grade credit markets.
Michael has passed the associate examinations of the Association for Investment Management and Research (AIMR).
Fund Overview
| Mid (01/08/2025) | 192.28p |
| Distribution yield | 4.37% |
| Underlying yield | 4.37% |
| Fund size (30/06/2025) | £1474.38m |
| Number of holdings | 301 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.50% |
| Launch date | 11/12/2012 |
Asset Allocation
| UK Corporate Bonds | 54.31% | |
| International Bonds | 38.86% | |
| UK Gilts | 4.61% | |
| Money Market | 1.88% | |
| Cash and Equivalents | 0.21% | |
| Other Assets | 0.13% |
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
| UK Corporate Bonds | 54.31% | |
| International Bonds | 38.86% | |
| UK Gilts | 4.61% | |
| Money Market | 1.88% | |
| Cash and Equivalents | 0.21% | |
| Other Assets | 0.13% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 97.78% | - | - | - | |
| Cash and Equivalents | 2.09% | - | - | - | |
| Non-Classified | 0.13% | - | - | - | |
Regional Allocation
| UK | 58.92% | |
| Developed Europe - Excl UK | 22.03% | |
| North America | 15.35% | |
| Cash and Equivalents | 2.09% | |
| Non-Classified | 0.94% | |
| Japan | 0.67% |
Fixed Interest Currencies
| Pound Sterling | 94.38% | |
| US Dollar | 3.40% | |
| Non-Fixed Interest Assets | 2.01% | |
| Cash | 0.21% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 58.92% | - | |
United Kingdom
|
- | 58.92% | |
| Developed Europe - Excl UK | 22.03% | - | |
France
|
- | 8.37% | |
Spain
|
- | 3.72% | |
Netherlands
|
- | 3.41% | |
Switzerland
|
- | 1.89% | |
Italy
|
- | 1.19% | |
Luxembourg
|
- | 0.95% | |
Sweden
|
- | 0.88% | |
Denmark
|
- | 0.85% | |
Germany
|
- | 0.78% | |
| North America | 15.35% | - | |
United States
|
- | 15.34% | |
Canada
|
- | 0.01% | |
| Cash and Equivalents | 2.09% | - | |
| Non-Classified | 0.94% | - | |
| Japan | 0.67% | - | |
Japan
|
- | 0.67% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
31.42% |
| 5Yr - 10Yr Maturity |
|
25.71% |
| 10Yr - 15Yr Maturity |
|
15.09% |
| > 15Yr Maturity |
|
25.56% |
| Cash And Equivalents |
|
2.09% |
| Unknown Maturity |
|
0.13% |
Fixed Interest Quality Profile
| AAA |
|
2.06% |
| AA |
|
7.98% |
| A |
|
27.24% |
| BBB |
|
43.37% |
| Sub-Investment Grade |
|
1.78% |
| Unknown Quality |
|
15.36% |
| Cash and Equivalents |
|
2.09% |
| Other Asset Types |
|
0.13% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LLOYDS BANKING GROUP FLTG 2.707 DEC 03 35 | 2.06% | Bonds | United Kingdom |
| 2 | ⅛% Index-linked Treasury Gilt 2051 | 1.96% | Bonds | United Kingdom |
| 3 | EDF 6.000 JAN 23 14 | 1.51% | Bonds | France |
| 4 | 4⅜% Treasury Gilt 2054 | 1.47% | Bonds | United Kingdom |
| 5 | VODAFONE GROUP 3.000 AUG 12 56 REG | 1.43% | Bonds | United Kingdom |
| 6 | AT&T INC 4.375 SEP 14 29 | 1.34% | Bonds | United States |
| 7 | BNP PARIBAS FLTG 6.000 AUG 18 29 | 1.28% | Bonds | France |
| 8 | BANK OF AMERICA CORP FLTG 1.667 JUN 02 29 | 1.25% | Bonds | United States |
| 9 | JPMORGAN CHASE &CO FLTG 1.875 APR 28 33 | 1.21% | Bonds | United States |
| 10 | GOLDMAN SACHS GRP FLTG 3.625 OCT 29 29 | 1.20% | Bonds | United States |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B8N4509 |
| Mex Code | BRGAAV |
| Isin Code | GB00B8N45097 |
| Citi Code | GUVR |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.50% |
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 invests at least 80% of its assets in investment grade corporate debt securities. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including government, unrated and non-investment grade corporate debt securities), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash. |
| Benchmark | IA Sterling Corporate Bond Sector |
| Benchmark Category | - |
| IA Sector | £ Corporate Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 May | 30 June |
| 01 November | 31 December |
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.