Morningstar Fund Report  | 10/04/2025Print

Invesco High Yield Fund (UK) Z (Acc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco High Yield Fund (UK) Z (Acc)
Fund9.8-11.012.511.51.3
+/-Cat6.61.70.33.60.1
+/-B’mrk5.7-0.2-3.70.4-0.8
 
Category: GBP High Yield Bond
Category Benchmark: Morningstar UK HY Bd GR GBP
Key Stats
NAV
09/04/2025		 GBX 364.79
Day Change -0.30%
Morningstar Category™ GBP High Yield Bond
IA (formerly IMA) Sector £ High Yield
ISIN GB00B8N45980
Fund Size (Mil)
31/03/2025		 GBP 407.17
Share Class Size (Mil)
31/03/2025		 GBP 196.98
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.55%
Investment Objective: Invesco High Yield Fund (UK) Z (Acc)
The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund invests at least 80% of its assets in corporate and government debt securities which are either non-investment grade or unrated and may include contingent convertible bonds. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including investment grade debt securities), equities, money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)09/04/2025
YTD-1.50
3 Years Annualised4.60
5 Years Annualised7.78
10 Years Annualised4.14
12 Month Yield 6.96
Management
Manager Name
Start Date
Thomas Moore
01/12/2016
Tom Hemmant
31/08/2020
Inception Date
12/11/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Sterling High Yield SectorMorningstar UK HY Bd GR GBP
Portfolio Profile for  Invesco High Yield Fund (UK) Z (Acc)31/03/2025
Fixed Income
Effective Maturity2.50
Effective Duration3.19
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.710.000.71
Bond95.110.0095.11
Property0.000.000.00
Cash61.5762.02-0.45
Other4.630.004.63
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco High Yield Fund (UK) Z (Acc)
Category:  GBP High Yield Bond
Category Index:  Morningstar UK HY Bd GR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.5614.870.309.78-11.0512.5111.511.26
+/- Category-0.674.11-3.346.591.680.323.610.14
+/- Category Index-2.661.91-4.405.71-0.16-3.700.42-0.82
% Rank in Category6239733345640
Trailing Returns (GBP)09/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.30   0.020.17
1 Week-2.65   0.08-0.76
1 Month-2.96   0.24-0.97
3 Months-1.35   0.42-1.63
6 Months0.94   1.17-0.91
YTD-1.50   0.23-1.61
1 Year6.47   1.79-1.73
3 Years Annualised4.60   1.48-1.43
5 Years Annualised7.78   2.270.54
10 Years Annualised4.14   0.75-0.96
 
Category: GBP High Yield Bond
Category Index: Morningstar UK HY Bd GR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.26---
20243.102.513.172.27
20230.072.782.356.88
2022-3.62-9.26-3.605.52
20212.724.341.680.73
2020-18.0111.623.206.20
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageBelow Average4 star
10-YearAbove AverageAbove Average4 star
Overall*Above AverageAverage4 star
 
Category :  GBP High Yield BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.46 %
3-Yr Mean Return5.74 %
 
3-Yr Sharpe Ratio0.22
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK HY Bd GR GBP  Morningstar UK HY Bd GR GBP
3-Yr Beta0.960.96
3-Yr Alpha-1.05-1.05
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 399
Maturity Distribution %
1 to 325.72
3 to 528.56
5 to 725.94
7 to 108.65
10 to 150.54
15 to 201.05
20 to 304.45
Over 302.04
Effective Maturity2.50
Effective Duration3.19
Credit Quality Breakdown %     %
AAA4.85   BB37.46
AA0.00   B31.34
A0.12   Below B7.51
BBB12.45   Not Rated6.27
 
Category: GBP High Yield Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.710.000.71
Bond95.110.0095.11
Property0.000.000.00
Cash61.5762.02-0.45
Other4.630.004.63
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings6
Total Number of Bond Holdings214
Assets in Top 10 Holdings13.66
NameSectorCountry% of Assets
Invesco Sterling Liqdty Port AgcyIreland2.45
Nationwide Building Society 5.75%United Kingdom1.46
The Very Group Funding PLC 6.5%United Kingdom1.45
Atom HoldCo PLC 11.5%United Kingdom1.30
TVL Finance PLC 10.25%United Kingdom1.27
Rac Bond Co PLC 5.25%United Kingdom1.21
Thames Water Utilities Finance PLC 7.75%United Kingdom1.19
Zenith Finco PLC 6.5%United Kingdom1.15
La Banque Postale 0%France1.10
INEOS Quattro Finance 2 PLC 8.5%United Kingdom1.08
 
Increase Decrease New since last portfolio
Category: GBP High Yield Bond
 
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 Date12/11/2012
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerThomas Moore
Manager Start Date01/12/2016
 
Biography
Moore is a vice president of the Morgan Stanley Investment Advisor Inc., his employer since August 1999.
Fund ManagerTom Hemmant
Manager Start Date31/08/2020
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.55%
Ongoing Charge0.55%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes