Fact sheet: Invesco Perp High Yield

Fund information
Fund name
Invesco Perpetual High Yield Z Acc
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund managers
  • Asad Bhattisince 27/02/2015
  • Paul Causersince 31/05/2001
  • Paul Readsince 31/05/2001
Fund objective
The Invesco Perpetual High Yield Fund aims to achieve a high level of income together with capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in high yielding corporate and government debt securities (which may include unrated or sub-investment grade), and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates, credit and equities and can be used to achieve both long and short positions.
Benchmark
  • IA GBP High Yield
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
4.3%
1 Year rank in sector
19/23
Sector
UT Sterling High Yield
Yield
5.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.75%
Fund size
£133m (£135m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
33
Mid price
246.24
Top in this sector
Fund name1 Year
Fidelity Global High Yield11.7%
Newton Global Hi Yield Bd10.3%
L&G High Income Trust9.7%
Investec MonthlyHiInc9.4%
JPM Global High Yield Bond8.8%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK31.7%
    USA14.5%
    Italy13%
    Germany7.3%
    Money Market4%
  • Banks27.3%
    Government Bonds10.6%
    Foods8.6%
    Telecommunications5.3%
    Insurance5%
  • Global Corporate Fixed Interest74.3%
    Global Government Fixed Interest10.6%
    Global Fixed Interest8.4%
    Money Market4%
    International Equities2.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.2%3.2%4.3%8.3%63.8%
Sector-0.4%-0.2%4.2%6.5%10.3%40.7%
Rank within sector6 / 2311 / 2318 / 2319 / 2317 / 221 / 20
Quartile2nd2nd4th4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund5.6%-1.2%3.1%10%35.8%
Sector8%-0.3%1.8%6.2%18.4%
Rank within sector21 / 2314 / 238 / 221 / 211 / 20
Quartile4th3rd2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.88
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.45
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.24
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.13
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.76
Price movement
52 week high248.2
52 week low218.65
Current bid price-
Current offer price-
Current mid price246.24
Region
1UK31.7%
2USA14.46%
3Italy13.03%
4Germany7.28%
5Money Market4.04%
6France3.85%
7Greece3.51%
8Portugal3.49%
9Canada3.44%
Industry sector
1Banks27.28%
2Government Bonds10.56%
3Foods8.59%
4Telecommunications5.27%
5Insurance4.98%
6Utilities4.52%
7Money Market4.04%
8Industrials3.31%
9Services2.91%
Asset type
1Global Corporate Fixed Interest74.34%
2Global Government Fixed Interest10.56%
3Global Fixed Interest8.43%
4Money Market4.04%
5International Equities2.63%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES FXD RT NTS 15/05/26 USD1003.69%
2PORTUGUESE OT`S 4.35% BDS 16/10/17 EUR10003.54%
3DRESDNER FUND AND TRUST NO 1 8.151% BDS 30/6/2031 USD10003.02%
4UNITED STATES OF AMER TREAS NOTES 1.625% BDS 15/02/26 USD10002.46%
5TELECOM ITALIA SPA(NEW) 7.375% MTN 15/12/17 GBP500002.22%
6LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000002.01%
7UNICREDIT INLT BANK 8.5925% BDS 27/06/49 GBP10001.93%
8VIRGIN MONEY PLC 7.875% UNDATED BDS GBP2000001.73%
9HBOS CAPITAL FUNDING 6.461% BDS 12/12/2049 GBP10001.63%
Management
Fund manager group
Invesco
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund objective
The Invesco Perpetual High Yield Fund aims to achieve a high level of income together with capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in high yielding corporate and government debt securities (which may include unrated or sub-investment grade), and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates, credit and equities and can be used to achieve both long and short positions.
Benchmark
  • IA GBP High Yield
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Asad Bhatti27/02/2015Based in Henley-on-Thames, Asad is a Deputy Fund Manager and Senior Credit Analyst within Invesco Perpetual's Fixed Interest team. Asad started his investment career with Arthur Anderson and after 18 months joined Abbey National Treasury Services before joining our company in November 2002. He holds a BAcc (Honours) in Accounting from the University of Glasgow and is a CFA charterholder.
Paul Causer31/05/2001Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Paul Read31/05/2001Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Invesco Perpetual High Yield Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price109.83
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBR43
Invesco Perpetual High Yield Gr Acc
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price129.82
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGT74
Invesco Perpetual High Yield Gr Inc
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price41.41
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGT75
Invesco Perpetual High Yield Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price41.35
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIA48
Invesco Perpetual High Yield No Trail Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price228.81
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCU8
Invesco Perpetual High Yield No Trail Gr Acc
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price255.32
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUWC
Invesco Perpetual High Yield No Trail Gr Inc
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price206.67
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGUWD
Invesco Perpetual High Yield No Trail Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price160.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCU9
Invesco Perpetual High Yield Y Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price212.56
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK62T
Invesco Perpetual High Yield Y Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price188.88
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK62V
Invesco Perpetual High Yield Y Inst Gr Acc
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price218.76
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK62U
Invesco Perpetual High Yield Y Inst Gr Inc
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price188.73
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK62W
Invesco Perpetual High Yield Z Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price246.24
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUWE
Invesco Perpetual High Yield Z Gr Acc
Initial charge5%
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price257.12
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUWG
Invesco Perpetual High Yield Z Gr Inc
Initial charge5%
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price207.82
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGUWH
Invesco Perpetual High Yield Z Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price207.71
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGUWF
Data provided by

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