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FL INVESCO PERPETUAL CORPORATE BOND AP PF - Fund overview

Bestinvest rating 5 stars


Overview of FL INVESCO PERPETUAL CORPORATE BOND AP PF

Managed by the team of Paul Causer and Paul Read, this fund invests primarily in sterling denominated, investment grade, corporate bonds. The portfolio may also include some exposure to high yield bonds and non sterling issues to increase diversification and improve overall returns. Where their convictions are high, the managers are prepared to aggressively manage the interest rate sensitivity and credit exposure of the fund.

Standard Initial Charge

0.00% 

Fund summary

Sector  –
Product type  PENSION FUND
Launched  July, 2006
Size  £29m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 287.40p

Fund Charges

Standard Initial charge 0.00%
Initial charge via Bestinvest
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Total expense ratio 1.75%
Reduction in yield (10yr) 1.75%

Bestinvest says


The fund's co-manager structure is one of the longest running and most successful portfolio management partnerships in the industry. Historically where their convictions are high, the managers have been prepared to aggressively manage the interest rate sensitivity and the credit exposure of the fund. Whilst this has resulted in periods of under performance, subsequent returns have more than compensated for this.

Portfolio

fl invesco perpetual corporate bond ap pf asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 15%
Quality bonds 82%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 3%
fl invesco perpetual corporate bond ap pf equity geographic illustration
Allocation Proportion
UK 0%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
fl invesco perpetual corporate bond ap pf equity capitalisation illustration
Allocation Proportion
Large Caps 0%
Mid Caps 0%
Small Caps 0%

Investment process


The fund aims to achieve total returns with relative security of capital, by investing mainly in investment grade fixed interest securities, sometimes combined with some exposure to high yield issues. Generally more than half the portfolio is invested at the lower rated end of investment grade bonds which tend to offer more attractive yields. The managers also look to exploit interest rate anomalies by evaluating the macro economic and monetary environment. This is combined with in-depth analysis of the individual issuers and evaluation of external research. As the latter is an important source of information, the managers maintain close links with preferred City dealers. The managers are believers in duration management; historically they have successfully used financial derivatives to manage the interest rate sensitivity of the fund.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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