Morningstar Fund Report  | 07/04/2025Print

Invesco UK Equity High Income Fund (UK) (No Trail) Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco UK Equity High Income Fund (UK) (No Trail) Accumulation
Fund14.7-1.48.88.04.3
+/-Cat-3.12.02.1-0.13.4
+/-B’mrk--1.2-1.9-0.8
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
04/04/2025		 GBX 191.96
Day Change -2.98%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK All Companies
ISIN GB00B1W7HH10
Fund Size (Mil)
28/02/2025		 GBP 2341.75
Share Class Size (Mil)
28/02/2025		 GBP 894.99
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.12%
Investment Objective: Invesco UK Equity High Income Fund (UK) (No Trail) Accumulation
The Fund aims to achieve a high level of income (greater than the income return of the FTSE All Share Index over a rolling 5 year period) and capital growth over the long term (5 years plus). The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in the UK. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including private and unlisted equities and non UK companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)04/04/2025
YTD0.94
3 Years Annualised5.71
5 Years Annualised11.08
10 Years Annualised0.94
12 Month Yield 3.67
Management
Manager Name
Start Date
James Goldstone
15/05/2020
Ciaran Mallon
15/05/2020
Inception Date
31/05/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE All Share NR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Invesco UK Equity High Income Fund (UK) (No Trail) Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.400.0095.40
Bond0.000.000.00
Property0.000.000.00
Cash0.520.000.52
Other4.080.004.08
Top 5 Regions%
United Kingdom85.76
United States6.94
Eurozone4.30
Europe - ex Euro1.66
Canada1.34
Top 5 Sectors%
Financial Services22.77
Consumer Defensive15.82
Utilities12.92
Industrials11.44
Energy11.37
Top 5 HoldingsSector%
Barclays PLCFinancial ServicesFinancial Services6.75
Next PLCConsumer CyclicalConsumer Cyclical5.45
Lloyds Banking Group PLCFinancial ServicesFinancial Services4.76
RELX PLCIndustrialsIndustrials4.34
Tesco PLCConsumer DefensiveConsumer Defensive4.20
Increase Decrease New since last portfolio
Invesco UK Equity High Income Fund (UK) (No Trail) Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco UK Equity High Income Fund (UK) (No Trail) Accumulation
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.215.79-21.7414.73-1.408.837.964.32
+/- Category-0.65-13.15-9.18-3.082.042.07-0.123.45
+/- Category Index-----1.21-1.86-0.84
% Rank in Category5898968048325115
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-2.98   0.851.95
1 Week-4.40   1.712.54
1 Month-4.08   2.393.32
3 Months-0.01   4.391.66
6 Months-0.06   4.441.62
YTD0.94   4.842.10
1 Year4.25   3.03-0.42
3 Years Annualised5.71   2.800.59
5 Years Annualised11.08   0.58-0.67
10 Years Annualised0.94   -3.22-4.36
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.32---
20244.35-0.495.57-1.51
20230.810.511.915.39
2022-1.25-5.19-3.909.59
20213.372.014.893.73
2020-35.0510.87-4.5413.85
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAverageBelow Average3 star
10-YearLowAbove Average1 star
OverallBelow AverageAverage2 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.63 %
3-Yr Mean Return7.66 %
 
3-Yr Sharpe Ratio0.30
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta0.981.00
3-Yr Alpha-0.44-0.17
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 21724-
Market Capitalisation% of Equity
Giant21.30
Large43.28
Medium32.02
Small1.07
Micro2.32
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.541.00
Price/Book1.681.04
Price/Sales0.801.02
Price/Cash Flow7.260.99
Dividend-Yield Factor3.900.88
 
Long-Term Projected Earnings Growth10.581.18
Historical Earnings Growth2.29-0.48
Sales Growth7.571.49
Cash-Flow Growth5.326.63
Book-Value Growth1.790.95
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.400.0095.40
Bond0.000.000.00
Property0.000.000.00
Cash0.520.000.52
Other4.080.004.08
World Regions28/02/2025
 % of EquityRelative to Category
United States6.942.71
Canada1.3411.92
Latin America0.000.00
United Kingdom85.760.93
Eurozone4.301.24
Europe - ex Euro1.661.29
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials8.021.33
Consumer CyclicalConsumer Cyclical10.531.07
Financial ServicesFinancial Services22.770.91
Real EstateReal Estate1.320.38
Consumer DefensiveConsumer Defensive15.821.19
HealthcareHealthcare5.820.68
UtilitiesUtilities12.922.76
EnergyEnergy11.371.56
IndustrialsIndustrials11.440.86
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings43.72
NameSectorCountry% of Assets
Barclays PLC103United Kingdom6.75
Next PLC102United Kingdom5.45
Lloyds Banking Group PLC103United Kingdom4.76
RELX PLC310United Kingdom4.34
Tesco PLC205United Kingdom4.20
TotalEnergies SE309France4.10
National Grid PLC207United Kingdom3.85
BP PLC309United Kingdom3.52
British American Tobacco PLC205United Kingdom3.52
Shell PLC309United Kingdom3.23
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
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 Date31/05/2007
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerJames Goldstone
Manager Start Date15/05/2020
Fund ManagerCiaran Mallon
Manager Start Date15/05/2020
 
Biography
Ciaran has worked in equity markets since 1994. After completing his Chemistry degree at Oxford University he joined HSBC Private Clients where he worked as an Investment Analyst. He joined United Friendly Asset Management (UFAM) in 1999 where he worked as a Fund Manager. UFAM was acquired by Royal London Asset Management (RLAM) in 2000. Ciaran left RLAM in 2004 and joined Invesco Perpetual in January 2005.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.12%
Ongoing Charge1.12%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes