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
Tom Hemmantmanager
for
4 years
TBC
Michael Matthewsmanager
for
11 years
and 5 months
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 (30/08/2024)
194.70p
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
Asset Allocation
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%
Portfolio data accurate as at: 31/07/24
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
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%
Bond Sector Breakdown
Expand allCollapse all
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%
Regional Allocation
UK
42.45%
Developed Europe - Excl UK
22.10%
North America
17.21%
Non-Classified
17.83%
Cash and Equivalents
0.42%
Fixed Interest Currencies
Pound Sterling
85.89%
Non-Fixed Interest Assets
10.49%
US Dollar
3.20%
Cash
0.42%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
42.45%
-
United Kingdom
-
42.45%
Developed Europe - Excl UK
22.10%
-
France
-
7.44%
Netherlands
-
4.68%
Spain
-
2.72%
Germany
-
2.32%
Switzerland
-
1.75%
Italy
-
1.50%
Luxembourg
-
0.75%
Denmark
-
0.51%
Sweden
-
0.43%
North America
17.21%
-
United States
-
16.72%
Canada
-
0.49%
Non-Classified
17.83%
-
Cash and Equivalents
0.42%
-
Fixed Interest Maturity Profile
< 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%
Fixed Interest Quality Profile
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%
Top 10 Holdings
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
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
The 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.
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.