Bestinvest says
The fund is effectively a slightly more aggressive version of the Invesco Perpetual on shore Corporate Bond Fund, in that larger portfolio weightings might be given to gilts, high yield bonds, or sectors. The fund benefits from the input of an experienced team prepared to back their convictions - historically Invesco's Fixed Income desk has 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 and higher volatility, subsequent returns have more than compensated for this.
The fund aims to achieve a high level of overall return with relative security of capital, by holding mainly investment grade fixed interest securities, sometimes combined with a portion invested in high yielding non investment grade issues. The process includes an evaluation of the general economic and monetary conditions with a view to managing interest rate risk, combined with in-depth analysis of the individual issuers and evaluation of external research.