31/07/19 to 31/07/20 |
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 |
|
---|---|---|---|---|---|
Fund | 5.9% | 3.0% | -9.2% | -3.7% | 11.2% |
Sector | 5.9% | 2.8% | -11.3% | -5.6% | 9.9% |
Rank | 44/88 | 32/92 | 23/92 | 27/95 | 17/97 |
Quartile | 2 | 2 | 1 | 2 | 1 |
Annualised | ||||
---|---|---|---|---|
3 Years to 31/07/24 |
5 Years to 31/07/24 |
10 Years to 31/07/24 |
||
Fund | -0.9% | 1.2% | 2.5% | |
Sector | -2.7% | 0.1% | 2.4% | |
Rank | 18/92 | 16/88 | 26/70 | |
Quartile | 1 | 1 | 2 |
Stock | % Weight |
---|---|
JPMORGAN CHASE &CO FLTG 0.991 APR 28 26 | 2.11 |
UNITED KINGDOM I/L 1.250 NOV 22 54 REGS | 1.71 |
3¾% Treasury Gilt 2053 | 1.62 |
LLOYDS BANKING GROUP FLTG 2.707 DEC 03 35 | 1.60 |
NESTLE CAPITAL CORP 4.500 MAR 22 29 REGS | 1.49 |
SPD FINANCE UK PLC 5.875 JUL 17 26 | 1.27 |
CREDIT SUISSE GP FLTG 2.125 SEP 12 25 | 1.24 |
AT&T INC 4.375 SEP 14 29 | 1.21 |
BNP PARIBAS FLTG 2.000 MAY 24 31 | 1.18 |
BRITISH LAND CO 5.357 MAR 31 28 | 1.17 |
Total | 14.60 |
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.
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).
Mid (23/08/2024) | 194.58p |
Distribution yield | 4.14% |
Underlying yield | 4.14% |
Fund size (31/07/2024) | £1607.79m |
Number of holdings | 182 |
Entry Charge | 0.00% |
Ongoing Charges | 0.50% |
Launch date | 11/12/2012 |
International Bonds | 46.64% | |
UK Corporate Bonds | 37.50% | |
UK Gilts | 4.94% | |
Cash and Equivalents | 0.42% | |
Alternative Trading Strategies | 0.04% | |
Other Assets | 10.45% |
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.
International Bonds | 46.64% | |
UK Corporate Bonds | 37.50% | |
UK Gilts | 4.94% | |
Cash and Equivalents | 0.42% | |
Alternative Trading Strategies | 0.04% | |
Other Assets | 10.45% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Bonds | 89.09% | - | - | - | |
Non-Classified | 10.45% | - | - | - | |
Non-Classified | - | 0.71% | - | - | |
Non-Classified | - | - | 0.71% | - | |
Non-Classified | - | - | - | 0.71% | |
Cash and Equivalents | 0.42% | - | - | - | |
Alternative Trading Strategies | 0.04% | - | - | - | |
Alternative Trading Strategies | - | 0.04% | - | - | |
Alternative Trading Strategies | - | - | 0.04% | - | |
Alternative Trading Strategies | - | - | - | 0.04% |
UK | 42.45% | |
Developed Europe - Excl UK | 22.10% | |
North America | 17.21% | |
Non-Classified | 17.83% | |
Cash and Equivalents | 0.42% |
Pound Sterling | 85.89% | |
Non-Fixed Interest Assets | 10.49% | |
US Dollar | 3.20% | |
Cash | 0.42% |
Region | Country | ||
---|---|---|---|
UK | 42.45% | - | |
![]() |
- | 42.45% | |
Developed Europe - Excl UK | 22.10% | - | |
![]() |
- | 7.44% | |
![]() |
- | 4.68% | |
![]() |
- | 2.72% | |
![]() |
- | 2.32% | |
![]() |
- | 1.75% | |
![]() |
- | 1.50% | |
![]() |
- | 0.75% | |
![]() |
- | 0.51% | |
![]() |
- | 0.43% | |
North America | 17.21% | - | |
![]() |
- | 16.72% | |
![]() |
- | 0.49% | |
Non-Classified | 17.83% | - | |
Cash and Equivalents | 0.42% | - |
< 5Yr Maturity |
|
29.73% |
5Yr - 10Yr Maturity |
|
25.52% |
10Yr - 15Yr Maturity |
|
10.75% |
> 15Yr Maturity |
|
23.08% |
Cash And Equivalents |
|
0.42% |
Unknown Maturity |
|
9.74% |
Other Asset Types |
|
0.75% |
AAA |
|
0.91% |
AA |
|
11.35% |
A |
|
25.86% |
BBB |
|
42.35% |
Sub-Investment Grade |
|
1.16% |
Unknown Quality |
|
7.47% |
Cash and Equivalents |
|
0.42% |
Other Asset Types |
|
10.49% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | JPMORGAN CHASE &CO FLTG 0.991 APR 28 26 | 2.11% | Bonds | United States |
2 | UNITED KINGDOM I/L 1.250 NOV 22 54 REGS | 1.71% | Non-Classified | Non-Classified |
3 | 3¾% Treasury Gilt 2053 | 1.62% | Bonds | United Kingdom |
4 | LLOYDS BANKING GROUP FLTG 2.707 DEC 03 35 | 1.60% | Bonds | United Kingdom |
5 | NESTLE CAPITAL CORP 4.500 MAR 22 29 REGS | 1.49% | Bonds | United States |
6 | SPD FINANCE UK PLC 5.875 JUL 17 26 | 1.27% | Bonds | United Kingdom |
7 | CREDIT SUISSE GP FLTG 2.125 SEP 12 25 | 1.24% | Bonds | Switzerland |
8 | AT&T INC 4.375 SEP 14 29 | 1.21% | Bonds | United States |
9 | BNP PARIBAS FLTG 2.000 MAY 24 31 | 1.18% | Bonds | France |
10 | BRITISH LAND CO 5.357 MAR 31 28 | 1.17% | Non-Classified | Non-Classified |
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.
Sedol Code | B8N4509 |
Mex Code | BRGAAV |
Isin Code | GB00B8N45097 |
Citi Code | GUVR |
Entry Charge | 0.00% |
Ongoing Charges | 0.50% |
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 |
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 |
Income frequency | Biannually |
Distribution Type | Interest |
Distribution Payment Basis | Net |
Ex dividend date(s) | Income payment date(s) |
---|---|
01 May | 30 June |
01 November | 31 December |
FE Crown | ![]() |
Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
---|---|
- | - |
Fund Trustee/Depository | Citibank |
Fund Administrator | Internal |
Fund Registrar | Internal |
Fund Custodian | The Bank of New York Mellon (International) Limited |
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 |
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 |
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.
Ratio | Value |
---|---|
Alpha | 2.23 |
Beta | 1.06 |
Sharpe | 0.00 |
Standard Deviation | 9.64 |
Info Ratio | 1.28 |
Risk Factor | Yes / No |
---|---|
Charges to Capital | No |
Emerging Markets | No |
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 | 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 |
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 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.
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.
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation will reduce the real value of your investments in future.
Levels of taxation and tax relief are subject to change.
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.
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.