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INVESCO PERPETUAL EUROPEAN HIGH YIELD GROSS - Fund overview

Bestinvest rating

Overview of INVESCO PERPETUAL EUROPEAN HIGH YIELD GROSS

The objective of the fund is to achieve a high level of income whilst maximising total return by investing primarily in high yield pan European corporate debt. The mandate also allows the managers to invest up to 30% of the fund in investment grade corporate bonds and government debt. Non sterling issues will be hedged back into sterling.

Standard Initial Charge

5.00% 0.00%

Fund summary

Sector	£ High Yield
Product type	OEIC
Launched	September, 2003
Size	£73m
Yield	6.5%
Charging basis	–
Dividends paid	–
Bid price(inc)	35.94p
Bid price(acc)	88.69p

Fund Charges

Standard Initial charge	5.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.25%
Total expense ratio	1.47%
Reduction in yield (10yr)	1.47%

Bestinvest says

This fund retains some flexibility to invest outside of the high yield bond market to enable the manager to maximise investment opportunities and reduce risk during market dislocations. The fund is managed by the established team of Paul Reed and Paul Causer.

Portfolio

invesco perpetual european high yield gross asset allocation illustration

Allocation		Proportion

	Equity	2%
	High yield bonds	76%
	Quality bonds	19%
	Property	0%
	Commodities	–
	Hedge	–
	Fund cash	3%

invesco perpetual european high yield gross equity geographic illustration

Allocation		Proportion

	UK	–
	Europe	100%
	Nth America	–
	Japan	–
	Pacific	–
	Other Equity	–

invesco perpetual european high yield gross equity capitalisation illustration

Allocation		Proportion

	Large Caps	80%
	Mid Caps	15%
	Small Caps	5%

View all performance data for INVESCO PERPETUAL EUROPEAN HIGH YIELD GROSS

Investment process

The managers undertake an active approach to portfolio management which incorporates market/sector views and research driven stock selection with the view to highlighting securities that are on attractive valuations relative to peers. Analysis generated outside the team is important and the managers maintain close links with preferred city brokers.

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.

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