Invesco Money

  • 91.17p
    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!

  • 0.50%
    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).

  • 0.50%
    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.

  • 0.20%
    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 24 November 2020

Fund summary

Sector Standard Money Market
Structure OEIC
Launched July, 1994
Size £231m
Yield 0.20%
Charging basis
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 0.50%
Ongoing charges figure 0.50%

Allocation

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Investment process

The fund aims to produce a high level of income return combined with a high degree of security. The fund intends to invest in Sterling based or related money market fund assets although the fund managers may include other investments that they consider appropriate (which from 13th February 2004 may include units in collective investment schemes, warrants, deposits, derivatives and other permitted investments and transactions). So that dealing in shares in the fund will not be subject to stamp duty or stamp duty reserve tax, the fund will hold only investments which are "exempt investments" within the meaning of s.99 (5B) Finance Act 1986. In particular, the fund will not hold any investment in respect of which a charge to ad valorem stamp duty or stamp duty reserve tax would arise on its transfer or on an agreement for its transfer to the fund.

Manager research

Average monthly relative returns

  • 15/16 -1.30%
  • 16/17 0.71%
  • 17/18 -0.25%
  • 18/19 -0.25%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years -0.17%
  • 5 years -0.22%
  • Career -0.10%
  • 3 years 38.20%
  • 5 years 29.80%
  • Career 42.50%

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

Stuart Edwards

Edwards joined Invesco in 2002 and was transferred internally to the UK fixed interest team in 2006. Edwards began his career in 1997 as economist. He has a BA (Hons) in Business Economics and Computing from the University of Surrey and an MSc in Finance from Birkbeck College, University of London.

Track record

Stuart Edwards has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from December 2013 - March 2020) there was a decline of 23% relative to the index. The worst absolute loss has been 7%.

Periods of worst performance

Absolute -7.00% (July 2019 - March 2020)
Relative -23.00% (December 2013 - March 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

7.85% Hm Treasury United Kingdom Dmo 1.5% Gilt 22/01/21 Gbp0.01
6.77% Daimler Ag 2.75% Bds 04/12/20 Gbp1000
5.8% Hm Treasury United Kingdom Dmo 0% Tsy Bill 30/11/20 Gbp1
5.64% Kfw 0.375 15/12/2020
5.29% Uk Treasury 07/09/2020
4.72% Nestle Holdings Inc 1% Bds 11/06/21 Gbp1000
4.37% Ubs Ag London Branch 1.25% Mtn 10/12/20 Gbp200000
4.36% European Investment Bank 0.875% Mtn 15/03/21 Gbp1000
4.15% Santander Uk Plc Fltg Rte Cvd Bds 13/04/21 Gbp100000
3.9% Euro Inv Bank 18/02/2022
Source: Trustnet

Sector breakdown

Corporate Bonds 32.00%
Time Deposits 22.00%
Floating Rate Notes 20.00%
Government Bonds 13.00%
Government Bills 11.00%
Money Market 2.00%

Key Investor Information

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