Invesco Perpetual Corporate Bond Accumulation Units 
Also available as income units
Overview
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Performance charges | No |
| Total Expense Ratio | 1.19% |
| Launch date | 24-07-1995 |
| Launch price | £1.00 |
| Sector | GBP Corporate Bond |
| Fund size | £5,641 million |
| Number of holdings | 476 |
| Fund type | ICVC |
| Type of units | Accumulation |
Please read the Simplified Prospectus in addition to the information above.
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Paul Read and Paul Causer believe the conditions for corporate bonds remain supportive, given low interest rates and inflation. They do not, however, expect the higher quality investment grade bonds to repeat their strong gains of 2009. They are currently seeing attractive opportunities in insurance and financial bonds, but feel that the more defensive sectors like utilities are less attractive than they were six months ago.
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 | 5.38% |
|---|---|
| Underlying yield | 5.38% |
| Income paid | Bi-annually |
| Type of payment | Interest |
| Yield calculation basis | Effective |
| Charges deducted from | Income |
All yields are variable and not guaranteed. The information is correct as at 31-01-2010.
Distribution dates
| Ex-dividend date | 01 May 2010 |
|---|---|
| Payment date ³ | 30 June 2010 |
1 of 2 
Top 10 holdings
| UNITED STATES TREAS 4.500 AUG 15 39 | 1.63% |
|---|---|
| GEN ELEC CAP CORP FLTG 6.500 SEP 15 67 | 1.50% |
| SANTANDER FIN PFD FLTG 11.300 PERP | 1.22% |
| Siemens 6.125% 2016 | 1.21% |
| RENTOKIL INIT PLC 5.750 MAR 31 16 | 1.07% |
| JOHN LEWIS PLC 8.3750 APR 08 19 | 1.04% |
| HEINEKEN NV 7.250 MAR 10 15 | 1.00% |
| BARCLAYS BANK PLC FLTG 14.000 PERP | 0.98% |
| 0 5/8% Index-linked Treasury Gilt 2040 | 0.94% |
| IMPERIAL TOBACCO F 9.000 FEB 17 22 | 0.93% |
Top 10 sectors
| Bonds | 98.03% |
|---|---|
| Non-Classified | 2.21% |
| Cash and Equiv. | -0.25% |
Top 10 countries
| United Kingdom | 50.01% |
|---|---|
| United States | 13.58% |
| Netherlands | 8.05% |
| France | 6.54% |
| Non-Classified | 4.08% |
| Italy | 2.78% |
| Spain | 2.41% |
| Luxembourg | 2.33% |
| Belgium | 2.32% |
| Ireland | 1.41% |
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 18-03-2010. Data accurate as at 31/01/2010.
