Invesco Perp Income Acc
This factsheet should be viewed in conjunction with the Key Investor Information
Document (KIID) as both provide important information. The KIID is accessible from
the link on the right.
Factsheets contain information about the features of the fund such as the investment
objective, fund region and past performance.
Some funds offer income units, accumulation units or both. The unit type you choose
will affect the way income generated from the fund is treated. With income units,
income is paid into your nominated account. With accumulation units income is retained
within the fund, increasing the value of your holding.
All Investments carry an element of risk. In particular, the value of Investments
and any income from them can go down as well as up and you may not get back what
you originally invested.
In addition, investing in funds is subject to specific risks. Details
of these risks are contained in the Key Investor Information Document which is
designed to provide important information about funds as well as the risks involved.
Fund Objective
The Invesco Perpetual Income Fund aims to achieve a reasonable level of income, together with capital growth. The fund intends to invest primarily in companies listed in the UK, with the balance invested internationally. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.
Investment Information
Management Information
|
Manager name
|
Neil Woodford
|
|
Manager since
|
01/10/1990
|
Neil Woodford
Neil began his investment career at the Dominion Insurance Company in 1981, and has worked in both corporate finance and fund management. He became a fund manager with Eagle Star in 1987. Neil joined the Group in 1988 and is Head of UK Equities for Invesco Perpetual. Neil graduated in Economics and Agricultural Economics from Exeter University in 1981, and later studied finance at the London Business School.
About the fund provider
Fund provider
Invesco Perpetual is one of the largest independent investment managers in the UK. Their investment approach is rooted in the view that there are no short cuts to long-term investment success. Their fund managers have a wealth of expertise and are focused on achieving the objectives of the funds they manage. They form part of Invesco Ltd, a global independent investment management company with more than 600 dedicated investment professionals in over 20 countries. In the past two years they have won over 35 awards, including ‘Best Investment Fund Group’ at the Money Marketing Awards for five consecutive years (2008-2012) as at 30th June 2012.
Fund Codes
|
Citicode
|
PE59
|
|
SEDOL
|
3303126
|
At a glance
|
Fund Type
|
OEIC
|
Income Yield 
|
3.14%
|
|
Ongoing Charges (on 31/03/2013)
|
1.68%
|
Where is this fund primarily investing?
Income
|
Income Yield
|
3.14%
|
|
Income Frequency (per annum)
|
2
|
|
Income Payment Dates
|
May 31 2013
|
|
More dates
|
What Barclays gets paid
If you decide to invest, Barclays Investments will receive payment from the fund manager out of the annual management charge you pay. The amount we receive is based on the value of your holding but is not an additional cost to you. The information to the right shows the percentage and an example amount that Barclays would receive on an annual basis for as long as the fund is held.
|
Annual Rate
|
0.75%
|
What Barclays will receive based on
a £10,000 investment
|
£75
|
Risk and reward profile
| The risk category above is not a measure of capital loss or gains, but of how significant the rises and falls in the Share Class price have been historically. |
| For example a share class whose price has experienced significant rises and falls will be in a higher risk category, whereas, a share class whose price has experienced less significant rises and falls will be in a lower risk category. |
| As the Share Class risk category has been calculated using historical data, it may not be a reliable indication of the Share Class future risk profile. |
| Please note that the Share Class risk category may change in the future and is not guaranteed. The lowest risk category does not mean a risk free investment. |
| The Share Class is in risk category 6 as its price has experienced very significant rises and falls historically. |
| The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and you may not get back the full amount invested. Over time, inflation may erode the value of investments. |
| As one of the key objectives of the Fund is to provide income, the annual management charge is taken from capital rather than income. This can erode capital and reduce the potential for capital growth. |
| The Fund may use derivatives (complex instruments) in an attempt to reduce the overall risk of its investments, reduce the costs of investing or generate additional capital or income, although this may not be achieved. The use of such complex instruments may result in greater fluctuations of the value of the Fund. The Manager, however, will ensure that the use of derivatives within the Fund does not materially alter the overall risk profile of the Fund. |
| The Fund’s performance may be adversely affected by variations in the relative strength of world currencies or if Sterling strengthens against those currencies. |
| A more detailed description of risk factors that apply to this Fund is set out in Section 30 of the Prospectus. |
Past performance overview - fund vs. sector
|
A -
|
|
Invesco Perp Income Acc
|
|
B -
|
|
Sector: UT UK Equity Income
|
Past performance is not a guide to future performance
Cumulative Past Performance
|
|
3 mth |
6 mth |
1 yr |
3 yr |
5 yr |
|
Invesco Perp Income Acc
|
11.93% |
23.85% |
32.22% |
65.58% |
49.32% |
|
UT UK Equity Income
|
9.15% |
21.22% |
33.48% |
53.53% |
37.73% |
|
Relative to Sector
|
2.55% |
2.17% |
-0.94% |
7.85% |
8.42% |
|
Rank within sector
|
6/105 |
19/104 |
61/104 |
22/92 |
22/78 |
Discrete Past Performance
|
|
31/03/12 –31/03/13 |
31/03/11 –31/03/12 |
31/03/10 –31/03/11 |
31/03/09 –31/03/10 |
31/03/08 –31/03/09 |
|
Invesco Perp Income Acc
|
18.95% |
10.99% |
7.78% |
32.01% |
-19.80% |
|
UT UK Equity Income
|
18.02% |
2.27% |
9.80% |
44.69% |
-28.69% |
|
Relative to Sector
|
0.79% |
8.53% |
-1.84% |
-8.76% |
12.47% |
|
Rank within sector
|
43/103 |
2/97 |
70/92 |
70/92 |
8/78 |
Discrete Past Performance figures are calculated on a bid/mid (buying) price basis with net income (dividends) reinvested
Asset Allocation - as at April 30, 2013
| Rank |
Key |
Name |
%
Weighting |
| 1 |
|
UK Equities |
80.90% |
| 2 |
|
US Equities |
7.66% |
| 3 |
|
Swiss Equities |
7.45% |
| 4 |
|
French Equities |
1.95% |
| 5 |
|
Irish Equities |
1.61% |
| 6 |
|
Luxembourg Equities |
0.30% |
| 7 |
|
North American Equities |
0.16% |
| 8 |
|
Finnish Equities |
0.11% |
| 9 |
|
Dutch Equities |
0.08% |
| 10 |
|
OTHERS |
-0.22% |
Region Breakdown - as at April 30, 2013
| Rank |
Key |
Name |
%
Weighting |
| 1 |
|
UK |
80.90% |
| 2 |
|
USA |
7.66% |
| 3 |
|
Switzerland |
7.45% |
| 4 |
|
France |
1.95% |
| 5 |
|
Ireland |
1.61% |
| 6 |
|
Luxembourg |
0.30% |
| 7 |
|
Bermuda |
0.16% |
| 8 |
|
Finland |
0.11% |
| 9 |
|
Netherlands |
0.08% |
| 10 |
|
OTHERS |
-0.22% |
Sector Breakdown - as at April 30, 2013
| Rank |
Key |
Name |
%
Weighting |
| 1 |
|
Health Care |
35.20% |
| 2 |
|
Industrials |
20.43% |
| 3 |
|
Consumer Goods |
20.00% |
| 4 |
|
Financials |
8.30% |
| 5 |
|
Utilities |
7.65% |
| 6 |
|
Telecommunications |
6.16% |
| 7 |
|
Consumer Services |
1.75% |
| 8 |
|
Basic Materials |
0.39% |
| 9 |
|
Technology |
0.16% |
| 10 |
|
OTHERS |
-0.04% |
Top Holdings - as at April 30, 2013
| Rank |
Name |
%
Weighting |
Rank |
Name |
%
Weighting |
| 1 |
ASTRAZENECA PLC |
9.20% |
6 |
RECKITT BENCKISER GROUP PLC |
4.83% |
| 2 |
GLAXOSMITHKLINE |
9.05% |
7 |
BRITISH AMERICAN TOBACCO |
4.80% |
| 3 |
BT GROUP |
5.77% |
8 |
IMPERIAL TOBACCO GROUP |
4.53% |
| 4 |
ROCHE HLDG AG |
5.56% |
9 |
BAE SYSTEMS |
4.52% |
| 5 |
REYNOLDS AMERICAN INC |
5.26% |
10 |
ROLLS-ROYCE HLDGS PLC |
3.98% |