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 | £5,644 million |
| Number of holdings | 464 |
| 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
Whilst Paul Read and Paul Causer believe 2009's strong gains are unlikely to be repeated, they still feel that underlying conditions are supportive of corporate bonds. Inflation is unlikely to persist, and interest rates could therefore remain low, keeping the yield on corporate bonds attractive relative to cash. In particular, they favour higher risk, higher yielding bonds in the insurance sector over the more defensive areas of the market.
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 | 5.32% |
|---|---|
| Underlying yield | 5.32% |
| Income paid | Bi-annually |
| Type of payment | Interest |
| Yield calculation basis | Effective |
| Charges deducted from | Income |
All yields are variable and not guaranteed. Information as at 31-05-2010.
Distribution dates
| Ex-dividend date | 01 May 2010 |
|---|---|
| Payment date ³ | 30 June 2010 |
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Top 10 holdings
| GEN ELEC CAP CORP FLTG 6.500 SEP 15 67 | 1.60% |
|---|---|
| Siemens 6.125% 2016 | 1.25% |
| SANTANDER FIN PFD FLTG 11.300 PERP | 1.18% |
| RENTOKIL INIT PLC 5.750 MAR 31 16 | 1.12% |
| JOHN LEWIS PLC 8.3750 APR 08 19 | 1.07% |
| HEINEKEN NV 7.250 MAR 10 15 | 1.02% |
| BARCLAYS BANK PLC FLTG 14.000 PERP | 1.00% |
| IMPERIAL TOBACCO F 9.000 FEB 17 22 | 0.95% |
| LBG CAPITAL NO 1 PLC 11.040 MAR 19 20 | 0.94% |
| LLOYDS TSB BANK 7.625 APR 22 25 | 0.93% |
Top 10 sectors
| Bonds | 95.23% |
|---|---|
| Cash and Equiv. | 2.74% |
| Non-Classified | 1.38% |
| Banks | 0.66% |
Top 10 countries
| United Kingdom | 50.42% |
|---|---|
| United States | 13.10% |
| Netherlands | 7.82% |
| France | 5.67% |
| Non-Classified | 3.46% |
| Italy | 2.94% |
| Cash and Equiv. | 2.74% |
| Spain | 2.67% |
| Belgium | 2.24% |
| Luxembourg | 2.12% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
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.
Prices as at 02-09-2010. Data as at 31/07/2010.
