INVESCO PERPETUAL Corporate Bond Accumulation Units
Also available as income units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.19% |
| Launch date | 24-07-1995 |
| Launch price | £1.00 |
| Sector | UK Corporate Bond |
| Fund size | £2,496 million |
| Number of holdings | 265 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Some areas of the corporate bond market are looking extremely attractive according to the managers of the fund. They believe that market pessimism has pushed valuations out of line with good fundamentals in many companies. They have used the weakness as an opportunity to bargain hunt. Interestingly they think many of these opportunities are in the banking sector where yields are attractive and offer better value than the market believes.
Full research
About the Fund Manager
Paul Read
Located in: Henley
Paul joined Invesco Perpetual (formerly Perpetual) in 1995 and co-leads the Fixed Interest team with Paul Causer. Paul began his career with UBS (Securities) Ltd in 1984, and then moved to Merrill Lynch International in 1986. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993. He holds a BA, Economics and History from the University of Toronto and also has an MBA from INSEAD.
Income details
| Distribution yield | 5.64% |
|---|---|
| Underlying yield | 5.64% |
| Income paid | Bi-annually |
| Type of payment | Interest |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 May 2008 |
|---|---|
| Payment date ³ | 30 June 2008 |
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Top 10 holdings
| 4¼% Treasury Stock 2032 | 4.72% |
|---|---|
| NATIONAL GRID 5.250 JUN 02 11 | 1.72% |
| SIEMENS FINANCIER FLTG 6.125 SEP 14 66 | 1.51% |
| DEUTSCHE TELEKOM 5.625 JUL 19 13 | 1.36% |
| SAFEWAY 6.000 JAN 10 17 | 1.23% |
| GEN ELEC CAP CORP FLTG 6.500 SEP 15 67 | 1.22% |
| ALSTOM 6.250 MAR 03 10 REG | 1.16% |
| BAA PLC 5.125 FEB 15 23 | 1.14% |
| REXAM FLTG 6.750 JUN 29 67 | 1.09% |
| FRANCE TELECOM 8.125 JAN 28 33 | 1.05% |
Top 10 sectors
| Bonds | 89.01% |
|---|---|
| Cash and Equiv. | 7.78% |
| Non-Classified | 3.21% |
Top 10 countries
| United Kingdom | 50.24% |
|---|---|
| Netherlands | 9.31% |
| United States | 8.32% |
| Cash and Equiv. | 7.78% |
| France | 7.26% |
| Non-Classified | 4.77% |
| Canada | 2.04% |
| Spain | 1.78% |
| Ireland | 1.66% |
| Germany | 1.56% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-08-2008. Data accurate as at 30/06/2008.
