Invesco ICVC Global Smaller Companies (UK) Class Z Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
31/03/25 to 31/03/26 |
|
|---|---|---|---|---|---|
| Fund | -0.8% | -4.3% | 12.4% | -2.9% | 14.8% |
| Sector | 8.4% | -2.6% | 16.7% | -0.3% | 13.4% |
| Rank | 380/437 | 257/471 | 394/498 | 404/529 | 242/568 |
| Quartile | 4 | 3 | 4 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | 7.8% | 3.5% | 9.0% | |
| Sector | 9.7% | 6.9% | 10.2% | |
| Rank | 332/498 | 327/437 | 181/266 | |
| Quartile | 3 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| CHROMA ATE INC | 2.76 |
| LEENO INDUSTRIAL INC | 1.64 |
| MACOM TECHNOLOGY SOLUTIONS | 1.53 |
| SIGMAROC | 1.40 |
| LION FINANCE GROUP | 1.38 |
| ATI | 1.36 |
| MKS | 1.31 |
| ASKER HEALTHCARE GROUP AB | 1.25 |
| BRIGHTSPRING HEALTH SERVICES | 1.23 |
| ADVANCED ENERGY INDUSTRIES | 1.18 |
| Total | 15.04 |
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 smaller 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
TBC
CIO Nick Mustoe, (lead ), Senior Investment Strategist Martin Weiss, Product Manager Arwel Green and specialist regional Fund Managers Jonathan Brown, Andy Tidby , Erik Esselink, Ian Hargreaves, Juan Hartsfield, Dean Newman.
Fund Overview
| Mid (10/04/2026) | 817.22p |
| Historic yield | 0.50% |
| Fund size (28/02/2026) | £579.57m |
| Number of holdings | 158 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
| Launch date | 11/12/2012 |
Asset Allocation
| International Equities | 86.91% | |
| UK Equities | 10.05% | |
| Cash and Equivalents | 1.15% | |
| Property | 0.53% | |
| Other Assets | 1.36% |
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 | 86.91% | |
| UK Equities | 10.05% | |
| Cash and Equivalents | 1.15% | |
| Property | 0.53% | |
| Other Assets | 1.36% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 31.63% | - | - | - | |
| Industrial Goods & Services | - | 25.08% | - | - | |
| Electronic & Electrical Equipment | - | - | 10.64% | - | |
| Electrical Components | - | - | - | 3.71% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 3.45% | |
| Electronic Equipment: Control & Filter | - | - | - | 2.34% | |
| Electronic Equipment: Other | - | - | - | 1.14% | |
| Industrial Support Services | - | - | 4.09% | - | |
| Industrial Suppliers | - | - | - | 3.10% | |
| Professional Business Support Services | - | - | - | 0.99% | |
| Industrial Engineering | - | - | 3.53% | - | |
| Machinery: Industrial | - | - | - | 1.73% | |
| Machinery: Construction & Handling | - | - | - | 0.91% | |
| Machinery: Tools | - | - | - | 0.52% | |
| Machinery: Specialty | - | - | - | 0.37% | |
| Industrial Transportation | - | - | 2.95% | - | |
| Trucking | - | - | - | 1.16% | |
| Commercial Vehicles & Parts | - | - | - | 0.89% | |
| Transportation Services | - | - | - | 0.49% | |
| Delivery Services | - | - | - | 0.41% | |
| General Industrials | - | - | 2.14% | - | |
| Diversified Industrials | - | - | - | 1.41% | |
| Containers & Packaging | - | - | - | 0.73% | |
| Aerospace & Defence | - | - | 1.73% | - | |
| Defense | - | - | - | 1.73% | |
| Construction & Materials | - | 6.54% | - | - | |
| Construction & Materials | - | - | 6.54% | - | |
| Engineering & Contracting Services | - | - | - | 2.60% | |
| Cement | - | - | - | 1.40% | |
| Building Materials: Other | - | - | - | 1.11% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.90% | |
| Building: Climate Control | - | - | - | 0.54% | |
| Financials | 15.92% | - | - | - | |
| Banks | - | 9.12% | - | - | |
| Banks | - | - | 9.12% | - | |
| Banks | - | - | - | 9.12% | |
| Financial Services | - | 4.69% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.28% | - | |
| Diversified Financial Services | - | - | - | 1.57% | |
| Investment Services | - | - | - | 1.49% | |
| Asset Managers & Custodians | - | - | - | 0.22% | |
| Finance & Credit Services | - | - | 1.40% | - | |
| Consumer Lending | - | - | - | 1.21% | |
| Mortgage Finance | - | - | - | 0.20% | |
| Insurance | - | 2.11% | - | - | |
| Non-life Insurance | - | - | 2.11% | - | |
| Property & Casualty Insurance | - | - | - | 1.67% | |
| Full Line Insurance | - | - | - | 0.45% | |
| Technology | 11.90% | - | - | - | |
| Technology | - | 11.90% | - | - | |
| Technology Hardware & Equipment | - | - | 10.52% | - | |
| Semiconductors | - | - | - | 5.22% | |
| Electronic Components | - | - | - | 2.81% | |
| Production Technology Equipment | - | - | - | 2.49% | |
| Software & Computer Services | - | - | 1.38% | - | |
| Software | - | - | - | 0.95% | |
| Consumer Digital Services | - | - | - | 0.42% | |
| Consumer Discretionary | 11.25% | - | - | - | |
| Consumer Products & Services | - | 3.67% | - | - | |
| Leisure Goods | - | - | 1.33% | - | |
| Toys | - | - | - | 0.67% | |
| Recreational Products | - | - | - | 0.66% | |
| Consumer Services | - | - | 1.13% | - | |
| Consumer Services: Misc. | - | - | - | 1.13% | |
| Household Goods & Home Construction | - | - | 0.74% | - | |
| Home Construction | - | - | - | 0.47% | |
| Household Appliance | - | - | - | 0.27% | |
| Personal Goods | - | - | 0.48% | - | |
| Clothing & Accessories | - | - | - | 0.48% | |
| Automobiles & Parts | - | 2.50% | - | - | |
| Automobiles & Parts | - | - | 2.50% | - | |
| Auto Parts | - | - | - | 1.97% | |
| Auto Services | - | - | - | 0.53% | |
| Travel & Leisure | - | 2.32% | - | - | |
| Travel & Leisure | - | - | 2.32% | - | |
| Restaurants & Bars | - | - | - | 1.16% | |
| Hotels & Motels | - | - | - | 0.93% | |
| Recreational Services | - | - | - | 0.24% | |
| Retail | - | 1.83% | - | - | |
| Retailers | - | - | 1.83% | - | |
| Diversified Retailers | - | - | - | 0.64% | |
| Specialty Retailers | - | - | - | 0.53% | |
| Home Improvement Retailers | - | - | - | 0.34% | |
| Apparel Retailers | - | - | - | 0.31% | |
| Media | - | 0.93% | - | - | |
| Media | - | - | 0.93% | - | |
| Entertainment | - | - | - | 0.54% | |
| Media Agencies | - | - | - | 0.38% | |
| Health Care | 10.08% | - | - | - | |
| Health Care | - | 10.08% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.34% | - | |
| Biotechnology | - | - | - | 3.04% | |
| Pharmaceuticals | - | - | - | 2.31% | |
| Medical Equipment & Services | - | - | 2.60% | - | |
| Medical Equipment | - | - | - | 1.70% | |
| Medical Supplies | - | - | - | 0.61% | |
| Medical Services | - | - | - | 0.29% | |
| Health Care Providers | - | - | 2.14% | - | |
| Health Care Services | - | - | - | 1.23% | |
| Health Care Facilities | - | - | - | 0.59% | |
| Health Care: Misc. | - | - | - | 0.32% | |
| Basic Materials | 3.88% | - | - | - | |
| Basic Resources | - | 2.53% | - | - | |
| Industrial Metals & Mining | - | - | 2.53% | - | |
| General Mining | - | - | - | 1.02% | |
| Iron & Steel | - | - | - | 0.64% | |
| Copper | - | - | - | 0.56% | |
| Metal Fabricating | - | - | - | 0.31% | |
| Chemicals | - | 1.35% | - | - | |
| Chemicals | - | - | 1.35% | - | |
| Specialty Chemicals | - | - | - | 0.85% | |
| Chemicals: Diversified | - | - | - | 0.50% | |
| Utilities | 3.30% | - | - | - | |
| Utilities | - | 3.30% | - | - | |
| Waste & Disposal Services | - | - | 1.92% | - | |
| Waste & Disposal Services | - | - | - | 1.92% | |
| Gas, Water & Multi-utilities | - | - | 0.78% | - | |
| Gas Distribution | - | - | - | 0.78% | |
| Electricity | - | - | 0.60% | - | |
| Conventional Electricity | - | - | - | 0.60% | |
| Energy | 2.75% | - | - | - | |
| Energy | - | 2.75% | - | - | |
| Non-Renewable Energy | - | - | 2.53% | - | |
| Oil Refining and Marketing | - | - | - | 0.73% | |
| Oil Equipment & Services | - | - | - | 0.67% | |
| Pipelines | - | - | - | 0.58% | |
| Oil: Crude Producers | - | - | - | 0.54% | |
| Renewable Energy | - | - | 0.22% | - | |
| Renewable Energy Equipment | - | - | - | 0.22% | |
| Consumer Staples | 2.47% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.67% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.67% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.67% | |
| Food, Beverage & Tobacco | - | 0.80% | - | - | |
| Beverages | - | - | 0.65% | - | |
| Soft Drinks | - | - | - | 0.65% | |
| Food Producers | - | - | 0.15% | - | |
| Food Products | - | - | - | 0.15% | |
| Real Estate | 2.20% | - | - | - | |
| Real Estate | - | 2.20% | - | - | |
| Real Estate Investment & Services | - | - | 1.67% | - | |
| Real Estate Holding and Development | - | - | - | 1.05% | |
| Real Estate Services | - | - | - | 0.62% | |
| Real Estate Investment Trusts | - | - | 0.53% | - | |
| Industrial REITs | - | - | - | 0.53% | |
| Telecommunications | 2.11% | - | - | - | |
| Telecommunications | - | 2.11% | - | - | |
| Telecommunications Service Providers | - | - | 1.15% | - | |
| Telecommunications Services | - | - | - | 1.15% | |
| Telecommunications Equipment | - | - | 0.96% | - | |
| Telecommunications Equipment | - | - | - | 0.96% | |
| Non-Classified | 1.36% | - | - | - | |
| Cash and Equivalents | 1.15% | - | - | - | |
Regional Allocation
| North America | 48.55% | |
| Developed Europe - Excl UK | 14.02% | |
| Emerging Asia | 11.00% | |
| UK | 10.05% | |
| Japan | 9.88% | |
| Australia & New Zealand | 2.44% | |
| Non-Classified | 1.36% | |
| Cash and Equivalents | 1.15% | |
| South & Central America | 1.03% | |
| Property | 0.53% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.77% | |
| Cash | 2.20% | |
| Pound Sterling | 0.03% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 48.55% | - | |
United States
|
- | 47.60% | |
Canada
|
- | 0.95% | |
| Developed Europe - Excl UK | 14.02% | - | |
Sweden
|
- | 4.18% | |
Germany
|
- | 2.34% | |
Austria
|
- | 1.73% | |
France
|
- | 1.51% | |
Denmark
|
- | 1.14% | |
Spain
|
- | 1.02% | |
Finland
|
- | 0.89% | |
Belgium
|
- | 0.53% | |
Switzerland
|
- | 0.37% | |
Ireland
|
- | 0.29% | |
| Emerging Asia | 11.00% | - | |
Taiwan
|
- | 4.76% | |
South Korea
|
- | 2.74% | |
India
|
- | 2.56% | |
China
|
- | 0.94% | |
| UK | 10.05% | - | |
United Kingdom
|
- | 10.05% | |
| Japan | 9.88% | - | |
Japan
|
- | 9.88% | |
| Australia & New Zealand | 2.44% | - | |
Australia
|
- | 2.44% | |
| Non-Classified | 1.36% | - | |
| Cash and Equivalents | 1.15% | - | |
| South & Central America | 1.03% | - | |
Chile
|
- | 0.65% | |
Mexico
|
- | 0.38% | |
| Property | 0.53% | - | |
Breakdown By Market Cap (%)
| Large |
|
7.58% |
| Medium |
|
53.14% |
| Small |
|
15.32% |
| Micro |
|
1.52% |
| Non-Classified |
|
21.29% |
| Cash |
|
1.15% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | CHROMA ATE INC | 2.76% | Electronic & Electrical Equipment | Taiwan |
| 2 | LEENO INDUSTRIAL INC | 1.64% | Technology Hardware & Equipment | South Korea |
| 3 | MACOM TECHNOLOGY SOLUTIONS | 1.53% | Technology Hardware & Equipment | United States |
| 4 | SIGMAROC | 1.40% | Construction & Materials | United Kingdom |
| 5 | LION FINANCE GROUP | 1.38% | Banks | United Kingdom |
| 6 | ATI | 1.36% | Aerospace & Defence | Non-Classified |
| 7 | MKS | 1.31% | Electronic & Electrical Equipment | United States |
| 8 | ASKER HEALTHCARE GROUP AB | 1.25% | Medical Equipment & Services | Sweden |
| 9 | BRIGHTSPRING HEALTH SERVICES | 1.23% | Health Care Providers | United States |
| 10 | ADVANCED ENERGY INDUSTRIES | 1.18% | Technology Hardware & Equipment | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.49% | 11.41% | - | - | - | - | - | - | 11.90% |
| Telecommunications | 1.15% | 0.96% | - | - | - | - | - | - | 2.11% |
| Financials | 1.93% | 13.99% | - | - | - | - | - | - | 15.92% |
| Real Estate | 0.17% | 1.51% | - | - | - | 0.53% | - | - | 2.20% |
| Consumer Discretionary | 1.22% | 10.03% | - | - | - | - | - | - | 11.25% |
| Consumer Staples | 0.15% | 2.32% | - | - | - | - | - | - | 2.47% |
| Energy | - | 2.75% | - | - | - | - | - | - | 2.75% |
| Utilities | - | 3.30% | - | - | - | - | - | - | 3.30% |
| Health Care | 0.57% | 9.51% | - | - | - | - | - | - | 10.08% |
| Industrials | 4.07% | 27.56% | - | - | - | - | 1.36% | - | 32.99% |
| Basic Materials | 0.31% | 3.58% | - | - | - | - | - | - | 3.88% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.15% | 1.15% |
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 | B8N46D9 |
| Mex Code | BRGLSM |
| Isin Code | GB00B8N46D97 |
| Citi Code | GUXU |
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 smaller 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 Global Smaller Companies |
| Benchmark Category | - |
| IA Sector | Global |
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 | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 August | 30 September |
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 | Citibank |
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 | -3.80 |
| Beta | 1.29 |
| Sharpe | 0.30 |
| Standard Deviation | 14.36 |
| Info Ratio | -0.23 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| 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
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can 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.