Morningstar Fund Report  | 17/04/2025Print

Invesco Tactical Bond Fund (UK) (No Trail) (Inc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco Tactical Bond Fund (UK) (No Trail) (Inc)
Fund1.4-4.86.3-0.21.9
+/-Cat1.44.0-0.8-4.90.2
+/-B’mrk3.28.60.5-3.00.7
 
Category: Global Flexible Bond - GBP Hedged
Category Benchmark: Morningstar Gbl Core Bd GR ...
Key Stats
NAV
16/04/2025		 GBX 121.52
Day Change 0.16%
Morningstar Category™ Global Flexible Bond - GBP Hedged
IA (formerly IMA) Sector £ Strategic Bond
ISIN GB00B4V2HR84
Fund Size (Mil)
31/03/2025		 GBP 840.12
Share Class Size (Mil)
31/03/2025		 GBP 115.44
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.89%
Investment Objective: Invesco Tactical Bond Fund (UK) (No Trail) (Inc)
The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund has a flexible allocation to corporate and government debt securities (including investment grade, non-investment grade and unrated) and cash. Depending on market conditions the Fund may invest up to 100% of its net assets in cash, cash equivalents, short-term debt securities and money-market instruments. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities, collective investment schemes (including funds managed by the Invesco group) and deposits.
Returns
Trailing Returns (GBP)16/04/2025
YTD1.95
3 Years Annualised1.61
5 Years Annualised3.12
10 Years Annualised2.31
12 Month Yield 1.77
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Stuart Edwards
31/08/2020
Julien Eberhardt
31/08/2021
Inception Date
01/02/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
UK Treasury Bills 3M GBPMorningstar Gbl Core Bd GR Hdg GBP
Portfolio Profile for  Invesco Tactical Bond Fund (UK) (No Trail) (Inc)31/03/2025
Fixed Income
Effective Maturity8.88
Effective Duration7.31
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond115.432.27113.16
Property0.000.000.00
Cash54.1375.68-21.54
Other5.240.504.73
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco Tactical Bond Fund (UK) (No Trail) (Inc)
Category:  Global Flexible Bond - GBP Hedged
Category Index:  Morningstar Gbl Core Bd GR Hdg GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.044.4012.721.39-4.846.26-0.241.90
+/- Category0.81-3.727.491.374.03-0.83-4.850.22
+/- Category Index-2.26-1.927.533.218.620.49-3.050.68
% Rank in Category348852324689229
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.16   -0.150.10
1 Week0.47   0.370.48
1 Month0.91   1.350.25
3 Months1.96   0.710.35
6 Months-1.08   -1.72-1.77
YTD1.95   1.050.77
1 Year3.50   -2.04-2.14
3 Years Annualised1.61   -0.640.71
5 Years Annualised3.12   1.003.91
10 Years Annualised2.31   0.421.39
 
Category: Global Flexible Bond - GBP Hedged
Category Index: Morningstar Gbl Core Bd GR Hdg GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.90---
20240.11-0.493.31-3.07
20230.93-1.22-0.467.07
2022-1.33-4.92-2.914.48
20210.081.220.73-0.63
2020-2.798.792.394.10
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearAverageAverage3 star
10-YearAverageBelow Average3 star
OverallAverageAverage3 star
 
Category :  Global Flexible Bond - GBP HedgedClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.12 %
3-Yr Mean Return1.56 %
 
3-Yr Sharpe Ratio-0.40
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Core Bd GR Hdg GBP  Morningstar Gbl Corp Bd GR Hdg GBP
3-Yr Beta0.880.69
3-Yr Alpha0.73-0.54
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 841
Maturity Distribution %
1 to 310.90
3 to 59.86
5 to 78.80
7 to 1015.40
10 to 153.89
15 to 203.28
20 to 3012.87
Over 307.71
Effective Maturity8.88
Effective Duration7.31
Credit Quality Breakdown %     %
AAA10.53   BB15.86
AA26.06   B0.15
A18.03   Below B0.55
BBB28.23   Not Rated0.59
 
Category: Global Flexible Bond - GBP Hedged
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond115.432.27113.16
Property0.000.000.00
Cash54.1375.68-21.54
Other5.240.504.73
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings202
Assets in Top 10 Holdings49.40
NameSectorCountry% of Assets
5 Year Treasury Note Future June 25United States15.46
Euro Bund Future June 25Germany11.14
United Kingdom of Great Britain and N... United Kingdom4.67
Invesco Sterling Liqdty Port AgcyIreland3.80
United States Treasury Notes 4%United States3.36
Australia (Commonwealth of) 1.75%Australia2.91
Secretaria Do Tesouro Nacional 10%Brazil2.57
United States Treasury Notes 1.25%United States1.96
Spain (Kingdom of) 3.9%Spain1.88
United States Treasury Notes 3.375%United States1.65
 
Increase Decrease New since last portfolio
Category: Global Flexible Bond - GBP Hedged
 
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 Date01/02/2010
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerStuart Edwards
Manager Start Date31/08/2020
Fund ManagerJulien Eberhardt
Manager Start Date31/08/2021
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.89%
Ongoing Charge0.89%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes