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Invesco UK Equity High Income (UK) Y

Bestinvest LogoA core UK income portfolio with more defensive characteristics.

PRICE (INC)

155.94p

PRICE (ACC)

208.19p

INITIAL CHARGE

5%

ANNUAL MANAGEMENT CHARGE

0.87%

ONGOING CHARGE

0.87%

YIELD

3.6%

1 YEAR
6.39%

Prices as at 01 Jul 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets a high level of income together with capital growth from investment primarily in UK equities. The bulk of the portfolio consists of large cap stocks with some mid-cap exposure - manager Mark Barnett also takes advantage of the ability to invest up to 20% overseas. Barnett replaced the fund’s longstanding manager Neil Woodford in 2014 but adopts a similar quality-focused, unconstrained investment approach – historically this has led to the portfolio having significant skews to certain industries.

Fund summary

SectorUK All Companies
StructureOEIC
LaunchedMarch 2014
Size£3,020m
Yield3.6%
Charging BasisCapital
Dividends paid28 Feb, 31 Aug

Charges

Standard Initial Charge5%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.87%
Ongoing Charges Figure0.87%

Investment Process

The fund invests in companies of all sizes, but the bulk of the portfolio will consist of FTSE 100 and FTSE 250 stocks. Barnett also takes advantage of the IA rules that allow him to invest up to 20% of the fund overseas. He initially shapes his portfolio through a top down view which is combined with fundamental analysis at the stock level focusing on balance sheets and cash flows. There are no rigid yield criteria, though Barnett prefers companies on reasonable yields offering dividend growth. He also favours companies with visibility of earnings, often backed by barriers to entry, so the fund often has significant weights, relative to its peers, in more defensive sectors such as healthcare, tobacco and utilities. The portfolio includes around 5% in unquoted shares - these are generally sourced via technology transfer companies, which commercialise universities' intellectual property.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning