Invesco UK Focus (UK)

Higher risk, unconstrained, focused portfolio.

  • 154.28p
    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.

  • 206.21p
    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?

  • 5.00% 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!

  • 1.50%
    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).

  • 1.67%
    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.

  • 3.20%
    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 18 September 2020, fund data last updated 29 November 2007

The fund follows an unrestricted approach to investing within UK equities, targeting opportunities wherever they arise. He combines a thorough understanding of the macroeconomic environment with strong stock selection skills. The emphasis is on value investing, as a result the fund may underperform in more momentum driven markets.

Fund summary

Sector UK All Companies
Structure OEIC
Launched July, 2001
Size £100m
Yield 3.20%
Charging basis
Dividends paid 28 Feb

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.67%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.62%
  • 16/17 0.40%
  • 17/18 -0.23%
  • 18/19 -0.60%
  • 19/20 0.01%

Bestinvest MRI

  • 3 years -0.27%
  • 5 years -0.21%
  • Career 0.09%
  • 3 years 14.50%
  • 5 years 21.20%
  • Career 97.90%

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

Martin Walker

Walker started his investment career at Rensburg Investment Management in 1997 as an investment analyst, before joining Invesco in September 1999. He is a Fund Manager within the UK Retail Equities Team. Walker has a BA (Hons) in Financial Economics from the University of Liverpool and is a Member of the Securities Institute (Diploma).

Track record

Martin Walker has 17.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from January 2014 - May 2020) there was a decline of 17% relative to the index. The worst absolute loss has been 40%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -40.00% (October 2007 - March 2009)
Relative -17.00% (January 2014 - May 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

5.66% Vodafone Group
5.37% Sse Plc
5.16% Glaxosmithkline
4.94% National Grid
4.54% Bp
4.3% Bae Systems
4.25% Rsa Insurance Group Plc
4.05% British American Tobacco
3.97% Royal Dutch Shell Plc
3.37% Anglo American
Source: Trustnet

Sector breakdown

Basic Materials 17.00%
Industrials 15.00%
Utilities 13.00%
Health Care 13.00%
Financials 13.00%
Consumer Services 9.00%
Oil & Gas 9.00%
Telecommunications 6.00%
Consumer Goods 4.00%
Money Market 2.00%

Constraints

There are no formal risk controls.

Key Investor Information - Income

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Key Investor Information - Accumulation

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