Morningstar Fund Report  | 11/04/2025Print

Invesco Funds - Invesco Sterling Bond Fund Z Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco Funds - Invesco Sterling Bond Fund Z Accumulation GBP
Fund-0.9-11.311.02.00.5
+/-Cat1.77.41.30.0-0.2
+/-B’mrk2.99.41.21.00.4
 
Category: GBP Corporate Bond
Category Benchmark: Morningstar UK Corp Bd GR GBP
Key Stats
NAV
10/04/2025		 GBP 14.35
Day Change 0.38%
Morningstar Category™ GBP Corporate Bond
IA (formerly IMA) Sector £ Strategic Bond
ISIN LU1775981860
Fund Size (Mil)
09/04/2025		 USD 842.09
Share Class Size (Mil)
09/04/2025		 GBP 63.73
Max Initial Charge 5.00%
Ongoing Charge
15/11/2024		  0.60%
Morningstar Research
Analyst Report22/05/2024
Evangelia Gkeka, Senior Analyst
Morningstar, Inc

Invesco Sterling Bond benefits from an experienced manager supported by a strong and stable team and the effective long-term execution of its flexible and high-conviction approach, which drive our conviction here. The Morningstar Analyst Rating...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process25
Performance
Price
Investment Objective: Invesco Funds - Invesco Sterling Bond Fund Z Accumulation GBP
The Fund aims to generate income together with long term capital growth. The Fund seeks to achieve its objective by investing primarily in debt securities denominated in Pounds Sterling. The Fund may invest in debt securities (including convertibles) issued by corporations or issued/ guaranteed by any government, government agency, supranational or public international organisation globally. The Fund may also invest in securitised debt (such as ABS and MBS).
Returns
Trailing Returns (GBP)10/04/2025
YTD-0.45
3 Years Annualised1.50
5 Years Annualised1.72
10 Years Annualised*2.41
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael Matthews
08/10/2018
Tom Hemmant
31/10/2023
Inception Date
08/10/2018

Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA Sterling Corp TR GBPMorningstar UK Corp Bd GR GBP
Portfolio Profile for  Invesco Funds - Invesco Sterling Bond Fund Z Accumulation GBP31/03/2025
Fixed Income
Effective Maturity9.66
Effective Duration6.29
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond96.670.0096.67
Property0.000.000.00
Cash0.000.35-0.35
Other3.690.003.69
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco Funds - Invesco Sterling Bond Fund Z Accumulation GBP
Category:  GBP Corporate Bond
Category Index:  Morningstar UK Corp Bd GR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2018*20192020202120222023202431/03
Price Return-2.078.408.11-0.93-11.2910.982.000.55
+/- Category0.24-1.22-0.601.747.431.30-0.03-0.16
+/- Category Index-0.03-2.76-1.332.929.351.240.970.37
% Rank in Category723935132923670
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.38   1.011.28
1 Week-1.07   0.250.70
1 Month-1.44   -0.060.63
3 Months0.91   0.161.04
6 Months-0.40   0.251.04
YTD-0.45   0.090.93
1 Year1.28   -0.460.81
3 Years Annualised1.50   2.223.26
5 Years Annualised1.72   2.073.33
10 Years Annualised*2.41   0.831.20
 
Category: GBP Corporate Bond
Category Index: Morningstar UK Corp Bd GR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.55---
20240.54-0.072.27-0.73
20231.91-2.081.529.54
2022-3.89-7.68-8.228.93
2021-1.771.36-0.13-0.36
2020-3.236.661.742.94
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearHighBelow Average5 star
10-Year*HighLow5 star
Overall*HighBelow Average5 star
 
Category :  GBP Corporate BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev9.57 %
3-Yr Mean Return2.11 %
 
3-Yr Sharpe Ratio-0.20
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Corp Bd GR GBP  Morningstar UK Corp Bd GR GBP
3-Yr Beta0.860.86
3-Yr Alpha2.412.41
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 840
Maturity Distribution %
1 to 313.24
3 to 517.42
5 to 710.30
7 to 1013.90
10 to 1517.04
15 to 208.98
20 to 308.21
Over 306.78
Effective Maturity9.66
Effective Duration6.29
Credit Quality Breakdown %     %
AAA6.35   BB0.25
AA12.74   B0.00
A30.50   Below B0.87
BBB48.54   Not Rated0.75
 
Category: GBP Corporate Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond96.670.0096.67
Property0.000.000.00
Cash0.000.35-0.35
Other3.690.003.69
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings199
Assets in Top 10 Holdings17.88
NameSectorCountry% of Assets
Invesco Sterling Liqdty Port AgcyIreland3.69
JPMorgan Chase & Co. 0.991%United States2.37
Lloyds Banking Group PLC 2.707%United Kingdom2.06
BNP Paribas SA 6%France1.57
United Kingdom of Great Britain and N... United Kingdom1.56
JPMorgan Chase & Co. 1.875%United States1.45
BG Energy Capital PLC 5%United Kingdom1.38
The Sage Group PLC 5.625%United Kingdom1.37
Electricite de France SA 6%France1.24
United Kingdom of Great Britain and N... United Kingdom1.20
 
Increase Decrease New since last portfolio
Category: GBP Corporate Bond
 
Management
Name of CompanyInvesco Management S.A.
Phone(+353) 1 4398100
Websitewww.invescomanagementcompany.lu
Address37A Avenue JF Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date08/10/2018
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerMichael Matthews
Manager Start Date08/10/2018
Career Start Year1994
 
Biography
Michael is co-Head of the Invesco Fixed Income team in Europe. In this role, as well as management responsibilities for the team, he also manages a number of corporate bond portfolios.Michael began his investment career in 1994 and joined the team on its foundation in 1995. He initially specialized in the team’s money and foreign exchange market activities before focusing on government and investment grade credit markets. He has been a fund manager since 2006.Michael has passed the associate examinations of the Association for Investment Management and Research (AIMR).
Fund ManagerTom Hemmant
Manager Start Date31/10/2023
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.38%
Ongoing Charge0.60%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes