Invesco Global Equity Income (UK) Y

  • 312.75p
    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.

  • 397.96p
    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!

  • 0.87%
    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).

  • 0.87%
    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.

  • 2.00%
    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 22 October 2021

The fund targets a rising income as well as capital growth by investing in equities worldwide. The manager selects stocks principally from the best ideas of Invesco Perpetual's regional teams, comparing them across sectors to form the portfolio. There are few constraints on the fund's composition so the portfolio may differ substantially from the MSCI World index.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched
Size £566m
Yield 2.00%
Charging basis Capital
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.87%
Ongoing charges figure 0.87%

Allocation

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Investment process

The Fund aims to generate a rising level of income, together with long-term capital growth, by investing primarily in global equities. The process is purely bottom-up, with the manager taking the best ideas of Invesco Perpetual’s regional teams (around 550 stocks) then comparing them globally across sectors. The portfolio comprises two types of stocks: (1)those with returns above cost of capital that have defensive barriers enabling them to sustain these returns - the manager looks for sustainable free cashflow of over 5% (the average long bond rate); (2)deep value plays with sub-cost returns. There is a 4% yield target which applies to the portfolio as a whole, so individual holdings may yield less. Upside and downside price targets are set; average holding period is expected to be 3 years.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Allocation

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Sector breakdown

Financials 28.00%
Information Technology 16.00%
Consumer Staples 11.00%
Consumer Discretionary 10.00%
Industrials 10.00%
Communications 9.00%
Health Care 5.00%
Real Estate 4.00%
Energy 4.00%
Materials 3.00%

Portfolio

60-100 stocks

Key Investor Information - Income

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Key Investor Information - Accumulation

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