Invesco Balanced Risk 10 (UK) Y

Invests in multiple asset classes via derivatives with a 10% target volatility.

  • 332.26p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.72%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.72%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.60%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 17 September 2021

The Fund aims to achieve long-term capital growth through different economic environments by investing in derivatives and other financially-linked instruments to gain exposure to three main asset classes: equities, bonds and commodities.

Fund summary

Sector Volatility Managed
Structure OEIC
Launched March, 2014
Size £100m
Yield 0.60%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.72%
Ongoing charges figure 0.72%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.02%
  • 18/19 -0.14%
  • 19/20 0.69%
  • 20/21 0.79%

Bestinvest MRI

  • 3 years 0.44%
  • 5 years 0.27%
  • Career -0.01%
  • 3 years 95.10%
  • 5 years 93.70%
  • Career 66.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Scott Wolle

Wolle serves as the CIO for the IGAA team, which serves clients through strategic and tactical asset allocation investment strategies. He joined Invesco in 1999 and the IGAA team in 2000. Wolle began his investment career in 1991 and was with Bank of America prior to joining Invesco. His career includes fundamental and quantitative research responsibilities covering the major asset classes with a focus on equity markets and commodities. Wolle received his BS in Finance from Virginia Tech, graduating Magna Cum Laude. He received his MBA from the Fuqua School of Business at Duke University where he earned the distinction of Fuqua Scholar. Wolle holds the Chartered Financial Analyst designation.

Track record

Scott Wolle has 9.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from March 2012 - April 2020) there was a decline of 20% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (December 2019 - March 2020)
Relative -20.00% (March 2012 - April 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

11.0804% Hm Treasury United Kingdom Dmo 0% Tsy Bill 03/08/20 Gbp1
7.7462% Invesco Liquidity Funds Plc Sterling Liquidity Ptf Agency
6.6489% Hm Treasury United Kingdom Dmo 0% Tsy Bill 12/10/20 Gbp1
6.2635% Hm Treasury United Kingdom Dmo 0% Tsy Bill 02/11/20 Gbp1
5.7819% Hm Treasury United Kingdom Dmo 0% Tsy Bill 04/01/21 Gbp1
5.7807% Hm Treasury United Kingdom Dmo 0% Tsy Bill 05/10/20 Gbp1
5.038% Invesco Physical Gold Etc Usd
4.8185% Hm Treasury United Kingdom Dmo 0% Tsy Bill 23/11/20 Gbp1
4.8181% Hm Treasury United Kingdom Dmo 0% Tsy Bill 09/11/20 Gbp1
4.8175% Hm Treasury United Kingdom Dmo 0% Tsy Bill 10/08/20 Gbp1
Source: Trustnet

Key Investor Information

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