Fact sheet: Invesco Sterling Bond

Fund information
Fund name
Invesco Sterling Bond A
Fund manager company
Invesco Global Asset Mgmt Ltd
Fund type
Unit Trust
Fund managers
  • Michael Matthewssince 31/03/2006
Fund objective
The Fund aims to generate income together with long term capital growth in Pounds Sterling. The Fund seeks to achieve its objective by investing a minimum of 50% of its NAV in debt securities denominated in Pounds Sterling. The Fund may invest in debt securities (including convertibles) issued by corporations or issued/ guaranteed by any government, government agency, supranational or public international organisation globally.
Benchmark
  • Mstar GIF OS GBP Diversified Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.6%
1 Year rank in sector
14/19
Sector
FO Fixed Int - GBP
Yield
3.8%
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.
0.97%
Fund size
£755m (£713m 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.
19
Top in this sector
Fund name1 Year
Fidelity Flexible Bond8.2%
Lloyds High Income7.5%
Lloyds Sterling Bond7.5%
Royal London Stg ExYdBd7.3%
GS Sterling Cr Prtf7.3%
...more in FO Fixed Int - GBP

Performance snapshot

Holdings snapshot

  • UK67.6%
    USA8.7%
    Germany5.1%
    Money Market4.7%
    France3.5%
  • Banks28%
    Utilities12.4%
    Telecommunications11.7%
    Insurance8.2%
    Foods4.7%
  • Global Corporate Fixed Interest87.7%
    Global Fixed Interest6%
    Money Market4.7%
    Global Government Fixed Interest1.2%
    Alternative Investment Strategies0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-2.3%2.5%5.6%14.2%43.5%
Sector-1.4%-4.7%2.4%6.4%18.4%29%
Rank within sector9 / 228 / 227 / 2014 / 1916 / 203 / 19
Quartile2nd2nd2nd3rd4th1st
Calendar performance
 YTD - 20162015201420132012
Fund5.9%1.6%6.2%4.7%19%
Sector7.2%0.3%10.4%-0.4%6.9%
Rank within sector14 / 193 / 1916 / 193 / 182 / 18
Quartile3rd1st4th1st1st
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.
1.43
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.
0.53
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.
0.28
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%.
3.36
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.
3.09
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.
-0.36
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.
0.61
Price movement
52 week high4.63
52 week low4.18
Current bid price-
Current offer price-
Current mid price4.52
Region
1UK67.61%
2USA8.68%
3Germany5.08%
4Money Market4.66%
5France3.45%
6Netherlands2.55%
7Italy2.48%
8Switzerland2.04%
9Others1.96%
Industry sector
1Banks27.95%
2Utilities12.36%
3Telecommunications11.68%
4Insurance8.17%
5Foods4.7%
6Money Market4.66%
7Retail4.28%
8Oil & Gas4.08%
9Tobacco3.06%
Asset type
1Global Corporate Fixed Interest87.71%
2Global Fixed Interest5.99%
3Money Market4.66%
4Global Government Fixed Interest1.17%
5Alternative Investment Strategies0.4%
6International Equities0.07%
Individual holdings
1BARCLAYS5.37%
2RBS3.38%
3LLOYDS3.31%
4ABBEY NATIONAL2.89%
5TESCO2.35%
6NATIONWIDE2.28%
7CENTRICA2.24%
8CO-OP2.04%
9RWE2.02%
Management
Fund manager group
Invesco
Fund manager company
Invesco Global Asset Mgmt Ltd
Fund type
Unit Trust
Fund objective
The Fund aims to generate income together with long term capital growth in Pounds Sterling. The Fund seeks to achieve its objective by investing a minimum of 50% of its NAV in debt securities denominated in Pounds Sterling. The Fund may invest in debt securities (including convertibles) issued by corporations or issued/ guaranteed by any government, government agency, supranational or public international organisation globally.
Benchmark
  • Mstar GIF OS GBP Diversified Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Matthews31/03/2006Based in Henley-on-Thames, Michael is responsible for the management of a number of government and corporate investment grade portfolios. Michael began his investment career in 1995, joining the co-heads of Invesco Perpetuals 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).
Compliance
Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Spain, United Kingdom, Guernsey, Isle of Man, Ireland, Jersey, Malta, Offshore
Invesco Sterling Bond A
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price4.5232
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePI39
Invesco Sterling Bond A Hedged Quarterly Distribution EUR
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.3873
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMX2P
Invesco Sterling Bond AQD Inc
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price2.6357
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGV75
Invesco Sterling Bond C
Initial charge5.26%
Annual charge0.5%
Min single investment£600,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price4.6999
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGV13
Invesco Sterling Bond C Quart Dist GBP
Initial charge5.26%
Annual charge0.5%
Min single investment£600,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.405
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7EL
Invesco Sterling Bond S Acc
Initial charge-
Annual charge0.38%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.6862
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMTYT
Invesco Sterling Bond Z Acc GBP
Initial charge5.26%
Annual charge0.38%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.8128
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFASY
Invesco Sterling Bond Z Quartel Dis GBP
Initial charge5.26%
Annual charge0.38%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.3796
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFATA
Data provided by

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