Invesco ICVC Global Targeted Returns (UK) (CLOSED) Class Z Acc

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

Performance

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Top 10 Holdings

Stock % Weight
MEXICO(UTD MEX ST) 7.750 MAY 29 31 8.15
BRAZIL (FED REP OF) 10.000 JAN 01 31 6.16
STH AFRICA(REP OF) 8.250 MAR 31 32 3.57
UNITED STATES TREAS 0.125 FEB 15 24 0.67
CAIXABANK SA FLTG 5.875 PERP REGS 0.27
AT&T INC 2.900 DEC 04 26 0.25
DEUTSCHE BANK A G FLTG 6.000 PERPETUAL 0.23
VERIZON COMMUNICATIO 4.400 NOV 01 34 0.20
PHOENIX GRP HLD PLC FLTG 5.750 PERP REGS 0.19
⅛% Index-linked Treasury Gilt 2026 0.18
Total 19.86

Fund Aims

The Fund aims to achieve a positive total return in all market conditions over a rolling 3 year period. The Fund targets a gross return of 5% per annum above 3 month SONIA. The Fund aims to achieve this with less than half the volatility of global equities, over the same rolling 3 year period.

Fund Manager

Georgina Taylor manager for 3 years and 10 months

Photo of Georgina Taylor Georgina is a Fund Manager within the Henley Investment Centre's Multi Asset team. Georgina joined our company in June 2013 as a Product Director and then went on to become Research Director in 2016. Georgina commenced her career with HSBC in 2001 as an Equity Strategist. She went on to join the Equity Strategy team at Goldman Sachs in 2004 where she wrote global equity and asset allocation research. Georgina gained asset management experience at Legal & General Investment Management, contributing to the overall asset allocation outlook for the firm and multi asset funds. Before joining Invesco Georgina was head of Equity Strategy, EMEA, at State Street Global Markets, producing and presenting on asset allocation and equity research. Georgina holds a BSc (Hons) in Economics from the University of Bath.

Sebastian Mackay manager for 5 years and 2 months

Photo of Sebastian Mackay Sebastian Mackay joined Invesco in August 2016 and serves as a fund manager for the Multi Asset team. He began his career at Scottish Widows Investment Partnership in 2000, where he was a senior economist for the Fixed Interest team prior to joining the Aggregate Bonds team as an investment director. In 2011, Sebastian moved to Standard Life Investments, where he was an investment director for the Fixed Income team, before joining the Multi-Asset Investing team in 2014. Sebastian holds an MA (Hons) in Economics from the University of Edinburgh and an MSc in Financial Economics from the University of London, School of Oriental and African Studies

Gwilym Satchell manager for 7 years and 1 months

Photo of Gwilym Satchell Gwilym Satchell joined the company in March 2013, and serves as a Fund Manager and a Risk Manager for the Multi Asset team. Prior to this, he commenced his career in 2008 at Standard Life Investments, where he was involved in Multi Asset risk management, in particular the development of scenario analysis techniques. In addition, he was responsible for managing a range of liability-driven investment (LDI) funds. He graduated from Warwick University in 2005 with a degree in Computer Science, and gained a Master’s degree at the University of Edinburgh Business School in 2008. Gwilym also holds the Professional Risk Manager (PRM) designation which is an independent validation of skills and commitment to the highest standard of professionalism, integrity, and best practices within the risk management profession.

Fund Overview

Mid (08/03/2024) 246.12p
Historic yield -
Fund size (31/01/2024) £187.91m
Number of holdings 547
Entry Charge 0.00%
Ongoing Charges 0.82%
Launch date 09/09/2013

Asset Allocation

pie chart
  Cash and Equivalents 54.68%
  UK Corporate Bonds 25.55%
  International Bonds 20.35%
  Money Market 8.01%
  Alternative Trading Strategies 3.09%
  UK Gilts 0.18%
  Other Assets -11.86%
Portfolio data accurate as at: 31/01/24

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  Cash and Equivalents 54.68%
  UK Corporate Bonds 25.55%
  International Bonds 20.35%
  Money Market 8.01%
  Alternative Trading Strategies 3.09%
  UK Gilts 0.18%
  Other Assets -11.86%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Cash and Equivalents 62.69% - - -
 
 Bonds 46.07% - - -
 
 Alternative Trading Strategies 3.09% - - -
 
 Alternative Trading Strategies - 3.09% - -
 
 Alternative Trading Strategies - - 3.09% -
 
 Alternative Trading Strategies - - - 3.09%
 
 Non-Classified -11.86% - - -

Regional Allocation

pie chart
  Cash and Equivalents 62.69%
  UK 25.73%
  North America 17.22%
  South & Central America 14.31%
  Japan 13.49%
  Middle East & Africa 3.64%
  South & Central America 3.35%
  Australia & New Zealand 0.24%
  Developed Asia 0.09%
  Other Regions -40.78%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 53.88%
  Unrecognised 13.82%
  US Dollar 9.07%
  Mexican Peso 8.15%
  Brazilian Real 6.16%
  Rand 3.64%
  Other Currencies 5.28%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Cash and Equivalents 62.69% -
 
 UK 25.73% -
 
 United Kingdom - 25.73%
 
 North America 17.22% -
 
 United States - 16.69%
 
 Canada - 0.53%
 
 South & Central America 14.31% -
 
 Brazil - 9.51%
 
 Mexico - 8.15%
 
 Japan 13.49% -
 
 Japan - 13.49%
 
 Middle East & Africa 3.64% -
 
 South Africa - 3.64%
 
 South & Central America 3.35% -
 
 Australia & New Zealand 0.24% -
 
 Australia - -3.87%
 
 Developed Asia 0.09% -
 
 Hong Kong - 0.09%
 
 Emerging Europe 0.06% -
 
 Greece - 0.06%
 
 Australia & New Zealand -4.11% -
 
 Non-Classified -8.36% -
 
 Developed Europe - Excl UK -11.84% -
 
 France - 0.87%
 
 Spain - 0.75%
 
 Netherlands - 0.66%
 
 Luxembourg - 0.26%
 
 Italy - 0.22%
 
 Denmark - 0.15%
 
 Austria - 0.08%
 
 Germany - -14.82%
 
 Emerging Asia -16.53% -
 
 China - -16.53%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
6.29%
5Yr - 10Yr Maturity
 
 
22.51%
10Yr - 15Yr Maturity
 
 
0.47%
> 15Yr Maturity
 
 
16.81%
Cash And Equivalents
 
 
62.69%
Unknown Maturity
 
-11.86%
Other Asset Types
 
 
3.09%

Fixed Interest Quality Profile

AAA
 
 
10.01%
AA
 
 
0.47%
A
 
 
0.75%
BBB
 
 
10.47%
Sub-Investment Grade
 
 
11.10%
Unknown Quality
 
 
13.28%
Cash and Equivalents
 
 
62.69%
Other Asset Types
 
-8.77%

Top 10 Holdings

Stock % Weight Sector Country
1 MEXICO(UTD MEX ST) 7.750 MAY 29 31 8.15% Bonds Mexico
2 BRAZIL (FED REP OF) 10.000 JAN 01 31 6.16% Bonds Brazil
3 STH AFRICA(REP OF) 8.250 MAR 31 32 3.57% Bonds South Africa
4 UNITED STATES TREAS 0.125 FEB 15 24 0.67% Bonds United States
5 CAIXABANK SA FLTG 5.875 PERP REGS 0.27% Bonds Spain
6 AT&T INC 2.900 DEC 04 26 0.25% Bonds United States
7 DEUTSCHE BANK A G FLTG 6.000 PERPETUAL 0.23% Bonds Germany
8 VERIZON COMMUNICATIO 4.400 NOV 01 34 0.20% Bonds United States
9 PHOENIX GRP HLD PLC FLTG 5.750 PERP REGS 0.19% Bonds United Kingdom
10 ⅛% Index-linked Treasury Gilt 2026 0.18% Bonds United Kingdom

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 B8CHD61
Mex Code BRETGL
Isin Code GB00B8CHD613
Citi Code JF3E

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.82%

Aims and Benchmark

Aims The Fund aims to achieve a positive total return in all market conditions over a rolling 3 year period. The Fund targets a gross return of 5% per annum above 3 month SONIA. The Fund aims to achieve this with less than half the volatility of global equities, over the same rolling 3 year period.
Benchmark The Fund targets a gross return of 5% per annum above 3 month SONIA (ICE 3 month Term Sterling Overnight Index Average Reference Rate) over a rolling 3 year period.
Benchmark Category -
IA Sector Targeted Absolute Return

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 No income
Distribution Payment Basis Net

Ratings

FE Crown Crown Rating of 2

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
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 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.