Morningstar Fund Report  | 13/04/2025Print

Invesco European Focus Fund (UK) (Inc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco European Focus Fund (UK) (Inc)
Fund19.80.814.8-10.64.6
+/-Cat1.019.38.5-9.22.7
+/-B’mrk3.016.94.6-8.7-0.8
 
Category: Europe ex-UK Small/Mid-Cap Equity
Category Benchmark: MSCI Europe ex UK Small Cap...
Key Stats
NAV
11/04/2025		 GBX 117.79
Day Change -1.44%
Morningstar Category™ Europe ex-UK Small/Mid-Cap Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00B28J0P77
Fund Size (Mil)
31/03/2025		 GBP 79.87
Share Class Size (Mil)
31/03/2025		 GBP 0.01
Max Initial Charge 0.80%
Ongoing Charge
14/02/2025		  1.55%
Investment Objective: Invesco European Focus Fund (UK) (Inc)
The Fund aims to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled, listed or carrying out the main part of their economic activity in Europe, excluding the UK. The Fund typically holds a concentrated portfolio of 30-40 stocks. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non European companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)11/04/2025
YTD-0.83
3 Years Annualised2.37
5 Years Annualised11.15
10 Years Annualised4.65
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
James Rutland
30/06/2020
John Surplice
29/03/2019
Inception Date
12/12/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Europe Excluding UK SectorMSCI Europe ex UK Small Cap NR EUR
Portfolio Profile for  Invesco European Focus Fund (UK) (Inc)31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.600.0099.60
Bond0.000.000.00
Property0.000.000.00
Cash0.610.210.40
Other0.000.000.00
Top 5 Regions%
Eurozone88.69
Europe - ex Euro8.64
United Kingdom2.68
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services22.42
Industrials19.34
Technology12.13
Basic Materials11.87
Healthcare9.50
Top 5 HoldingsSector%
Banco Santander SAFinancial ServicesFinancial Services4.34
Smurfit WestRock PLCConsumer CyclicalConsumer Cyclical4.13
UniCredit SpAFinancial ServicesFinancial Services4.13
TotalEnergies SEEnergyEnergy4.10
Syensqo SABasic MaterialsBasic Materials3.68
Increase Decrease New since last portfolio
Invesco European Focus Fund (UK) (Inc)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco European Focus Fund (UK) (Inc)
Category:  Europe ex-UK Small/Mid-Cap Equity
Category Index:  MSCI Europe ex UK Small Cap NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-14.862.7017.9819.780.7614.78-10.604.56
+/- Category1.41-16.39-3.020.9719.348.49-9.172.65
+/- Category Index-0.02-18.58-0.062.9516.864.56-8.71-0.78
% Rank in Category44966532339327
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.44   -0.84-2.28
1 Week1.47   0.43-0.78
1 Month-10.21   -3.08-4.90
3 Months-2.96   1.93-3.05
6 Months-6.42   -0.36-3.27
YTD-0.83   2.25-2.11
1 Year-10.98   -5.67-9.32
3 Years Annualised2.37   2.481.73
5 Years Annualised11.15   2.521.81
10 Years Annualised4.65   -2.50-2.69
 
Category: Europe ex-UK Small/Mid-Cap Equity
Category Index: MSCI Europe ex UK Small Cap NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.56---
20240.07-3.05-1.38-6.55
20238.050.160.065.99
2022-2.35-8.43-1.2214.09
20217.684.502.663.69
2020-17.7823.870.6515.10
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearAbove AverageBelow Average4 star
10-YearBelow AverageLow2 star
OverallAverageBelow Average3 star
 
Category :  Europe ex-UK Small/Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.98 %
3-Yr Mean Return4.44 %
 
3-Yr Sharpe Ratio0.03
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI Europe ex UK Small Cap NR EUR  Morningstar Dev Ezn Sml TME NR EUR
3-Yr Beta0.820.87
3-Yr Alpha1.920.79
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 22615-
Market Capitalisation% of Equity
Giant27.44
Large38.24
Medium31.14
Small3.18
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.600.69
Price/Book1.410.65
Price/Sales0.830.67
Price/Cash Flow6.260.73
Dividend-Yield Factor4.401.60
 
Long-Term Projected Earnings Growth9.060.93
Historical Earnings Growth8.540.90
Sales Growth11.483.72
Cash-Flow Growth3.060.19
Book-Value Growth5.020.93
 
Category: Europe ex-UK Small/Mid-Cap Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock99.600.0099.60
Bond0.000.000.00
Property0.000.000.00
Cash0.610.210.40
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States0.000.00
Canada0.00-
Latin America0.00-
United Kingdom2.681.21
Eurozone88.691.37
Europe - ex Euro8.640.26
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.00-
Asia - Emerging0.00-
 
Category: Europe ex-UK Small/Mid-Cap Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials11.871.81
Consumer CyclicalConsumer Cyclical6.210.52
Financial ServicesFinancial Services22.421.67
Consumer DefensiveConsumer Defensive3.451.07
HealthcareHealthcare9.500.82
UtilitiesUtilities3.865.52
Communication ServicesCommunication Services2.810.56
EnergyEnergy8.422.88
IndustrialsIndustrials19.340.73
TechnologyTechnology12.130.76
 
Category: Europe ex-UK Small/Mid-Cap Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings40
Total Number of Bond Holdings0
Assets in Top 10 Holdings37.42
NameSectorCountry% of Assets
Banco Santander SA103Spain4.34
Smurfit WestRock PLC102Ireland4.13
UniCredit SpA103Italy4.13
TotalEnergies SE309France4.10
Syensqo SA101Belgium3.68
ASR Nederland NV103Netherlands3.55
Siemens AG310Germany3.50
Heineken NV205Netherlands3.43
AXA SA103France3.30
Veolia Environnement SA310France3.26
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Small/Mid-Cap Equity
 
Management
Name of CompanyInvesco Fund Managers Limited
Phone+44 (0) 1491 417000
Websitewww.invesco.com/uk
AddressPerpetual Park, Perpetual Park Drive, Henley-on-Thames,
 Oxfordshire   RG9 1HH,
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date12/12/2007
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerJames Rutland
Manager Start Date30/06/2020
Career Start Year2008
Education
University College–London, B.S.
 
Biography
James Rutland joined Invesco in June 2020 as a Fund Manager within the Henley Investment Centre’s European Equities team. James began his investment career in 2008 at Evercore Partners before joining Goldman Sachs as a Research Analyst within the European Industrials team in 2010. In November 2014, James joined Schroders as an Analyst in the European Business Cycle Team before becoming a Fund Manager in 2016. James holds a BSc in Economics from University College London and is a CFA Charterholder.
Fund ManagerJohn Surplice
Manager Start Date29/03/2019
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge0.80%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.55%
Ongoing Charge1.55%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes