Fact sheet: Invesco US Hg Yld Bd

Fund information
Fund name
Invesco US High Yield Bond C Annual Dis USD
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund managers
  • Andrew Geryolsince 12/10/2016
  • Joseph Porterasince 12/10/2016
  • Scott Robertssince 31/07/2012
Fund objective
The Fund aims to achieve high income and long-term capital growth. The Fund will invest at least 70% of its total assets in non-investment grade debt securities issued by US issuers. Non-USD investments are intended to be hedged back into USD at the discretion of the Investment Adviser.
Benchmark
  • Bloomberg Barclays US Corporate High Yield 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.1%
1 Year rank in sector
34/43
Sector
FO Fixed Int - USD 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.
1.08%
Fund size
£53m (£47m 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.
86
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd33%
Allianz US HiYd31.6%
Old Mutual MtyInc HiYdBd26.8%
Nomura US Hg Yld Bd12.9%
Morg Stnly US$ HiYd Bd10.2%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.8%3.1%6.1%6.9%-
Sector-0.2%0.8%5.4%8.4%8.6%33.9%
Rank within sector40 / 4540 / 4337 / 4334 / 4318 / 34-
Quartile4th4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund9.2%-4%1.5%7.9%-
Sector10.8%-3.1%0.7%6.2%14.1%
Rank within sector33 / 4322 / 3914 / 348 / 33-
Quartile4th3rd2nd1st
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.
-0.57
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.
1.12
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%.
5.71
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.
1.47
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.
-0.17
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.
0.94
Price movement
52 week high10.36
52 week low9.2
Current bid price-
Current offer price-
Current mid price10.15
Region
1USA94.9%
2Money Market5.1%
Industry sector
1Fixed Interest94.9%
2Money Market5.1%
Asset type
1US Fixed Interest94.9%
2Money Market5.1%
Individual holdings
1T-MOBILE US INC2.1%
2STARBURST I INC2%
3NEXT LP1.9%
4MICRON TECHNOLOGY INC1.7%
5AES CORP/VA1.6%
6HCA HLDGS INC1.6%
7CHENIERE ENERGY PARTNERS LP1.5%
8DISH DBS1.5%
9NEW OMAHA HOLDINGS LP1.5%
Management
Fund manager group
No data available.
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve high income and long-term capital growth. The Fund will invest at least 70% of its total assets in non-investment grade debt securities issued by US issuers. Non-USD investments are intended to be hedged back into USD at the discretion of the Investment Adviser.
Benchmark
  • Bloomberg Barclays US Corporate High Yield 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andrew Geryol12/10/2016Andrew Geryol is a Portfolio Manager for IFI, responsible for US-oriented high yield portfolios. Andrew began his investment career in 1991 and has had research experience in the high yield market since 1993. Prior to joining Invesco in 2011, he had high yield analyst positions with Allstate Investments, Zurich Scudder Investments and Van Kampen American Capital Investment Advisory Corp. Previously at Invesco, he was head of high yield credit research for IFI, as well as a high yield senior analyst with research responsibilities for the automotive, homebuilding, building materials and industrials construction sectors. Andrew earned a BS in business administration from Miami University in Oxford, Ohio. He is a CFA charterholder.
Joseph Portera12/10/2016Joseph serves as head of Global High Income and is a member of Invesco Fixed Income’s Investment Strategy Team, which oversees the development of Invesco Fixed Income’s macro investment views. He is responsible for the oversight of Invesco’s emerging market debt and high yield businesses. Prior to joining Invesco in 2012, Joseph spent three years at Hartford Investment Management as a managing director and lead portfolio manager on multi-sector credit funds. Prior to Hartford, he was a managing director and portfolio manager on several funds including core plus and emerging markets and a senior member of the Global Fixed Income investment platform at Mackay Shields. He entered the industry in 1981. Joseph earned a BA and MA in Soviet Studies and an MA in Internal Political Economy and Development from Fordham University.
Scott Roberts31/07/2012Scott Roberts is co-head of the High Yield team for Invesco Fixed Income. He is also a senior portfolio manager on the team and has analytical responsibilities for the chemicals, energy, utility, and paper/packaging areas. Mr. Roberts joined Invesco in 2000 as high yield analyst and was named portfolio manager in 2009. Previously, he was high yield analyst and trader with Van Kampen Investment Advisory Corp. He entered the investment industry in 1995. Mr. Roberts earned a BBA in fi nance from the University of Houston. He is a CFA charterholder and is a member of the CFA Institute.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Invesco US High Yield Bond A Acc USD
Initial charge5.26%
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price12.0317
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG53T
Invesco US High Yield Bond A Hedged Acc EUR
Initial charge5.26%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price11.7931
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG53W
Invesco US High Yield Bond A Hedged Annual Dis EUR
Initial charge5.26%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price9.8403
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53X
Invesco US High Yield Bond A Hedged Monthly Dis 1 AUD
Initial charge5.26%
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7186
CurrencyAUD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0UT
Invesco US High Yield Bond A Hedged Monthly Dis 1 CAD
Initial charge5.26%
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7023
CurrencyCAD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0UU
Invesco US High Yield Bond A Hedged Monthly Dis 1 NZD
Initial charge5.26%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7008
CurrencyNZD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0UV
Invesco US High Yield Bond A Monthly Dis 1 USD
Initial charge5.26%
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7415
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0UW
Invesco US High Yield Bond A Monthly Dis Fixed
Initial charge5.26%
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price9.3766
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53U
Invesco US High Yield Bond A Monthly Dis HKD
Initial charge5.26%
Annual charge1.25%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price96.8586
CurrencyHKD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53V
Invesco US High Yield Bond C Acc USD
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.1502
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCBG
Invesco US High Yield Bond C Annual Dis USD
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price10.1491
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG53Y
Invesco US High Yield Bond C Monthly Dis USD
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7558
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEA4N
Invesco US High Yield Bond E Acc EUR
Initial charge3.09%
Annual charge1.75%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price13.8401
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG53Z
Invesco US High Yield Bond R Acc USD
Initial charge-
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.33%
Total expense ratio (TER)2.47%
Bid price-
Offer price-
Mid price11.6634
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG54A
Invesco US High Yield Bond Z Annual Dis Gr EUR
Initial charge5.26%
Annual charge0.62%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8998
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTGQ
Data provided by

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