Morningstar Fund Report  | 13/04/2025Print

Invesco Monthly Income Plus Fund (UK) Z (Inc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco Monthly Income Plus Fund (UK) Z (Inc)
Fund6.1-8.611.45.91.1
+/-Cat-2.01.93.9-0.91.2
+/-B’mrk-1.90.72.1-2.71.2
 
Category: GBP Allocation 40-60% Equity
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
11/04/2025		 GBX 191.02
Day Change -0.10%
Morningstar Category™ GBP Allocation 40-60% Equity
IA (formerly IMA) Sector £ Strategic Bond
ISIN GB00B8N45Q51
Fund Size (Mil)
31/03/2025		 GBP 2086.16
Share Class Size (Mil)
31/03/2025		 GBP 683.36
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.67%
Morningstar Research
Analyst Report07/06/2024
Tom Mills, Senior Analyst
Morningstar, Inc

Invesco Monthly Income Plus' longtime lead manager Paul Causer retired at the end of 2021, along with his co-head of fixed income Paul Read, handing over the reins to Rhys Davies, who was made a comanager on this fund only in August 2020. We...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process24
Performance
Price
Investment Objective: Invesco Monthly Income Plus Fund (UK) Z (Inc)
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 globally in corporate and government debt securities (including investment grade, non-investment grade and unrated) and shares or other equity related securities of companies. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities, money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)11/04/2025
YTD-0.63
3 Years Annualised3.33
5 Years Annualised6.13
10 Years Annualised3.74
12 Month Yield 6.14
Dividend Paying Frequency Monthly
Management
Manager Name
Start Date
Rhys Davies
31/08/2020
Ciaran Mallon
01/10/2013
Inception Date
12/11/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Sterling Strategic BondMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  Invesco Monthly Income Plus Fund (UK) Z (Inc)31/12/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock10.940.0010.94
Bond98.770.5198.26
Property0.000.000.00
Cash41.0253.90-12.88
Other3.760.083.68
Fixed Income
Effective Maturity6.60
Effective Duration5.88
Top 5 Regions%
United Kingdom91.96
Eurozone4.07
United States3.90
Africa0.07
Canada0.00
Top 5 Sectors%
Financial Services30.76
Industrials15.60
Utilities13.79
Consumer Cyclical13.29
Consumer Defensive10.37
Top 5 HoldingsSector%
Long Gilt Future Mar 27 2510.35
Lloyds Banking Group PLC 2.707%2.35
Us Long Bond (Cbt) Future Mar 20 252.22
Co-Operative Bk Hl1.77
Nationwide Building SocietyFinancial ServicesFinancial Services1.63
Increase Decrease New since last portfolio
Invesco Monthly Income Plus Fund (UK) Z (Inc)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco Monthly Income Plus Fund (UK) Z (Inc)
Category:  GBP Allocation 40-60% Equity
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.1110.677.496.08-8.5911.395.861.08
+/- Category1.37-1.743.41-1.981.863.86-0.871.22
+/- Category Index--2.20-1.910.662.13-2.691.19
% Rank in Category277621782996416
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.10   0.06-0.29
1 Week-1.96   -0.51-2.00
1 Month-1.67   1.951.01
3 Months0.35   3.913.70
6 Months0.02   3.332.48
YTD-0.63   2.762.56
1 Year4.53   3.682.31
3 Years Annualised3.33   2.140.37
5 Years Annualised6.13   1.571.25
10 Years Annualised3.74   0.75-0.62
 
Category: GBP Allocation 40-60% Equity
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.08---
20241.590.993.21-0.03
20231.020.601.158.37
2022-2.38-7.62-3.905.48
20210.803.601.570.02
2020-11.4111.822.056.33
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageBelow Average4 star
10-YearAbove AverageBelow Average4 star
OverallAbove AverageBelow Average4 star
 
Category :  GBP Allocation 40-60% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.45 %
3-Yr Mean Return4.01 %
 
3-Yr Sharpe Ratio-0.01
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar UK HY Bd GR GBP
3-Yr Beta0.860.93
3-Yr Alpha0.08-2.64
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 10831-
Market Capitalisation% of Equity
Giant16.58
Large33.54
Medium26.33
Small23.10
Micro0.46
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings4.680.28
Price/Book2.140.84
Price/Sales0.670.36
Price/Cash Flow8.740.77
Dividend-Yield Factor2.941.21
 
Long-Term Projected Earnings Growth8.920.92
Historical Earnings Growth13.011.88
Sales Growth13.222.13
Cash-Flow Growth4.570.96
Book-Value Growth1.110.20
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style31/12/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 2056
Maturity Distribution %
1 to 319.07
3 to 519.31
5 to 713.86
7 to 1012.76
10 to 155.93
15 to 205.24
20 to 3014.17
Over 307.09
Effective Maturity6.60
Effective Duration5.88
Credit Quality Breakdown %     %
AAA3.54   BB32.53
AA7.51   B11.31
A7.68   Below B3.55
BBB28.18   Not Rated5.70
 
Category: GBP Allocation 40-60% Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock10.940.0010.94
Bond98.770.5198.26
Property0.000.000.00
Cash41.0253.90-12.88
Other3.760.083.68
World Regions31/12/2024
 % of EquityRelative to Category
United States3.900.07
Canada0.000.00
Latin America0.000.00
United Kingdom91.964.40
Eurozone4.070.56
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.070.34
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: GBP Allocation 40-60% Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.461.06
Consumer CyclicalConsumer Cyclical13.291.30
Financial ServicesFinancial Services30.761.74
Consumer DefensiveConsumer Defensive10.371.43
HealthcareHealthcare6.630.62
UtilitiesUtilities13.794.39
Communication ServicesCommunication Services4.220.62
EnergyEnergy1.870.46
IndustrialsIndustrials15.601.28
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings46
Total Number of Bond Holdings370
Assets in Top 10 Holdings24.47
NameSectorCountry% of Assets
Long Gilt Future Mar 27 25-10.35
Lloyds Banking Group PLC 2.707%United Kingdom2.35
Us Long Bond (Cbt) Future Mar 20 25-2.22
Co-Operative Bk HlUnited Kingdom1.77
Nationwide Building Society103United Kingdom1.63
Intesa Sanpaolo S.p.A. 7.7%Italy1.42
Us Ultra Bond (Cbt) Future Mar 20 25-1.39
United Kingdom of Great Britain and N... United Kingdom1.20
Ford Motor Credit Company LLC 6.86%United States1.11
Invesco Bond Income Plus OrdJersey1.03
 
Increase Decrease New since last portfolio
Category: GBP Allocation 40-60% 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 Date12/11/2012
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerRhys Davies
Manager Start Date31/08/2020
Fund ManagerCiaran Mallon
Manager Start Date01/10/2013
 
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 Charge0.67%
Ongoing Charge0.67%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes