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
  • Paul Causersince 01/06/2001
  • Thomas Mooresince 31/12/2016
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
11.1%
1 Year rank in sector
9/23
Sector
UT Sterling High Yield
Yield
5.9%
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
£138m (£126m 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.
34
Mid price
264.23
Top in this sector
Fund name1 Year
Fidelity Global High Yield14.4%
L&G High Income Trust14%
Schroder Hi Yield Opps13.7%
AXA Global High Income13.2%
Newton Global Hi Yield Bd12.3%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK33.9%
    USA17.1%
    Italy11.4%
    Germany7.9%
    France6.5%
  • Banks23.2%
    Foods9.6%
    Retail6.9%
    Media6.3%
    Insurance5.6%
  • Global Corporate Fixed Interest81.5%
    Global Fixed Interest9.1%
    Global Government Fixed Interest5.4%
    International Equities2.5%
    Money Market1.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%3.9%7.3%11.1%12.4%53%
Sector1.3%1.8%5.6%10.5%11.9%37%
Rank within sector1 / 231 / 231 / 239 / 2314 / 222 / 21
Quartile1st1st1st2nd3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund5.2%7.8%-1.2%3.1%10%
Sector3.6%9.9%-0.3%1.8%6.2%
Rank within sector2 / 2317 / 2314 / 238 / 221 / 21
Quartile1st3rd3rd2nd1st
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.
0.62
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.
0.92
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.
0.06
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%.
4.74
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.
2.29
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.
0.14
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.
0.77
Price movement
52 week high264.43
52 week low233.75
Current bid price-
Current offer price-
Current mid price264.23
Region
1UK33.88%
2USA17.09%
3Italy11.42%
4Germany7.91%
5France6.51%
6Greece3.81%
7Spain3.52%
8Netherlands3.44%
9Luxembourg3.13%
Industry sector
1Banks23.2%
2Foods9.57%
3Retail6.87%
4Media6.34%
5Insurance5.57%
6Government Bonds5.39%
7Utilities5.17%
8Telecommunications5%
9Services4.97%
Asset type
1Global Corporate Fixed Interest81.53%
2Global Fixed Interest9.06%
3Global Government Fixed Interest5.39%
4International Equities2.51%
5Money Market1.51%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.75% BDS 31/10/18 USD1004.51%
2TELECOM ITALIA SPA(NEW) 7.375% MTN 15/12/17 GBP500002.09%
3DRESDNER FUND AND TRUST NO 1 8.151% BDS 30/6/2031 USD10002.05%
4LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000002.04%
5UNICREDIT INLT BANK 8.5925% BDS 27/06/49 GBP10001.85%
6DEUTSCHE BANK AG 7.125% BDS 30/04/49 GBP1000001.76%
7HBOS CAPITAL FUNDING 6.461% BDS 12/12/2049 GBP10001.56%
8VIRGIN MEDIA SECURED FINANCE PLC 5% NTS 15/04/27 GBP1000001.51%
9SOCIETE GENERALE 8.875% NTS PERP GBP500001.38%
Management
Fund manager group
Invesco Perpetual
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
Paul Causer01/06/2001Based 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.
Thomas Moore31/12/2016Based in Henley-on-Thames, Thomas is a fund manager and senior credit analyst within Invesco Perpetual’s Fixed Interest team. Thomas began his career in New York in 1999 as a management consultant, with roles focused on US and international fixed income markets. In 2004 he joined Morgan Stanley where he held senior roles within the fixed income division. In 2011 he became Head of European Credit Analytics, subsequently becoming Managing Director in 2012. Thomas is a graduate of Harvard and Oxford Universities and holds an MBA from Columbia Business School. He is also a CFA charterholder.
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 price117.47
CurrencyGBX
Price updated23/05/2017
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 price139.12
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
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 price43.1
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
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 price43.08
CurrencyGBX
Price updated23/05/2017
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 price245.29
CurrencyGBX
Price updated23/05/2017
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 price274.27
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
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 price215.61
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
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 price167.59
CurrencyGBX
Price updated23/05/2017
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 price228.14
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
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 price197.45
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
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 price235.26
CurrencyGBX
Price updated23/05/2017
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 price197.13
CurrencyGBX
Price updated23/05/2017
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 price264.23
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
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 price276.45
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
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 price217.02
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
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)0.75%
Bid price-
Offer price-
Mid price217.08
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGUWF
Data provided by

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