fund
Invesco US Equity (UK) Y
Targets capital growth through investment in North American equities.
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400.24p
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.
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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?
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0.00%
Initial chargeSome 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!
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0.86%
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).
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0.86%
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.
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0.80%
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…
The aim of the fund is to achieve capital growth in North America. The fund intends to primarily invest in shares of companies in the USA, but may also invest in Canada. In pursuing this objective, fund managers, SImon Laing and Simon Clinch, may include investments that they consider to be appropriate sich as transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.
Fund summary
| Sector | North America |
| Structure | OEIC |
| Launched | March, 2014 |
| Size | £368m |
| Yield | 0.80% |
| 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 | 0.86% |
| Ongoing charges figure | 0.86% |
Allocation
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Investment process
The fund aims to achieve capital growth in North America. The fund intends to invest primarily in shares of companies in the USA, but may also invest in Canada. It may include other North American related investments that the fund managers consider appropriate (which from 13th February 2004 may include units in collective investment schemes, warrants, deposits, derivatives and other permitted investments and transactions).
Manager research
Average monthly relative returns
- 16/17 0.91%
- 17/18 -0.43%
- 18/19 -0.65%
- 19/20 -0.84%
- 20/21 -0.17%
Bestinvest MRI
- 3 years -0.55%
- 5 years -0.24%
- Career -0.16%
- 3 years 7.50%
- 5 years 29.10%
- Career 39.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Simon Laing
Laing graduated from Oxford University in 1997 with a Masters degree in Engineering Science. He joined Newton straight from university as a Global Industrial Analyst in the Research Department, where he was responsible for the retail sector. He joined the American team in February 2000 as an assistant fund manager, becoming co-manager to the US funds in March 2001, and an associate director in October 2001. He was promoted to lead manager following the departure of Patricia Bridson in March 2003.
Track record
Simon Laing has 17.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.16%. During the worst period of relative performance (from June 2009 - December 2020) there was a decline of 40% relative to the index. The worst absolute loss has been 25%.
Periods of worst performance
| Absolute | -25.00% (December 2007 - October 2008) |
| Relative | -40.00% (June 2009 - December 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
| 9.22% | Microsoft Corp |
| 7.18% | Amazon.com Inc |
| 4.63% | United Healthcare Ltd |
| 3.28% | Facebook Inc |
| 3.26% | Prologis Inc |
| 3.14% | Verizon Communications Inc |
| 2.82% | Astrazeneca Plc |
| 2.7% | Qualcomm Inc |
| 2.69% | Mondelez International Inc A |
| 2.62% | Jpmorgan Chase & Co |
| Source: Trustnet |
Sector breakdown
| Information Technology | 23.00% |
| Health Care | 19.00% |
| Consumer Discretionary | 14.00% |
| Financials | 12.00% |
| Telecommunications Utilities | 10.00% |
| Consumer Staples | 8.00% |
| Industrials | 6.00% |
| Real Estate | 3.00% |
| Energy | 2.00% |
| Utilities | 1.00% |
Key Investor Information