Morningstar Fund Report  | 10/04/2025Print

Invesco Global Smaller Companies Fund (UK) (Acc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco Global Smaller Companies Fund (UK) (Acc)
Fund15.0-12.97.09.8-7.4
+/-Cat-1.5-1.0-2.13.2-2.5
+/-B’mrk-2.4-5.7-2.7-2.1-2.7
 
Category: Global Small/Mid-Cap Equity
Category Benchmark: Morningstar Gbl SMID NR USD
Key Stats
NAV
10/04/2025		 GBX 3216.55
Day Change 4.94%
Morningstar Category™ Global Small/Mid-Cap Equity
IA (formerly IMA) Sector Global
ISIN GB0033030296
Fund Size (Mil)
31/03/2025		 GBP 500.12
Share Class Size (Mil)
31/03/2025		 GBP 134.39
Max Initial Charge 1.65%
Ongoing Charge
14/02/2025		  1.65%
Investment Objective: Invesco Global Smaller Companies Fund (UK) (Acc)
The Fund aims to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares or other equity related securities of smaller companies, globally. 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)10/04/2025
YTD-11.37
3 Years Annualised0.16
5 Years Annualised9.75
10 Years Annualised5.82
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael Oliveros
31/07/2023
Inception Date
22/09/1984

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA GlobalMorningstar Gbl SMID NR USD
Portfolio Profile for  Invesco Global Smaller Companies Fund (UK) (Acc)31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock100.150.00100.15
Bond0.000.000.00
Property0.000.000.00
Cash0.010.15-0.15
Other0.000.000.00
Top 5 Regions%
United States48.47
United Kingdom10.25
Japan9.62
Eurozone8.95
Europe - ex Euro7.51
Top 5 Sectors%
Industrials21.67
Financial Services17.57
Technology14.53
Healthcare14.03
Consumer Cyclical13.40
Top 5 HoldingsSector%
Asker Healthcare Group ABHealthcareHealthcare2.25
SigmaRoc PLCBasic MaterialsBasic Materials1.22
Planisware SATechnologyTechnology1.11
Applied Industrial Technologies IncIndustrialsIndustrials1.03
Castrol India LtdEnergyEnergy1.01
Increase Decrease New since last portfolio
Invesco Global Smaller Companies Fund (UK) (Acc)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco Global Smaller Companies Fund (UK) (Acc)
Category:  Global Small/Mid-Cap Equity
Category Index:  Morningstar Gbl SMID NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-14.4019.8017.0615.00-12.947.019.80-7.42
+/- Category-3.770.923.72-1.50-1.01-2.053.23-2.54
+/- Category Index--0.766.07-2.40-5.66-2.71-2.06-2.71
% Rank in Category7852327059693475
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.94   5.89-0.30
1 Week-2.98   4.932.50
1 Month-6.40   3.88-0.04
3 Months-12.44   2.31-1.56
6 Months-8.94   3.08-2.55
YTD-11.37   1.98-2.26
1 Year-7.07   4.05-3.19
3 Years Annualised0.16   2.63-2.16
5 Years Annualised9.75   2.70-0.66
10 Years Annualised5.82   0.51-1.63
 
Category: Global Small/Mid-Cap Equity
Category Index: Morningstar Gbl SMID NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-7.42---
20245.45-1.092.023.18
20231.150.45-0.876.24
2022-7.33-12.032.234.46
20218.295.300.150.71
2020-26.7727.304.6420.01
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageAverage3 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Global Small/Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.17 %
3-Yr Mean Return1.71 %
 
3-Yr Sharpe Ratio-0.16
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl SMID NR USD  Morningstar Gbl SMID NR USD
3-Yr Beta0.970.97
3-Yr Alpha-2.99-2.99
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 2842-
Market Capitalisation% of Equity
Giant0.00
Large4.24
Medium32.60
Small53.09
Micro10.07
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.541.03
Price/Book2.231.20
Price/Sales1.401.17
Price/Cash Flow9.421.03
Dividend-Yield Factor1.740.88
 
Long-Term Projected Earnings Growth12.831.58
Historical Earnings Growth12.091.10
Sales Growth7.431.45
Cash-Flow Growth20.472.98
Book-Value Growth9.731.55
 
Category: Global Small/Mid-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock100.150.00100.15
Bond0.000.000.00
Property0.000.000.00
Cash0.010.15-0.15
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States48.470.80
Canada1.540.52
Latin America2.103.48
United Kingdom10.251.66
Eurozone8.951.00
Europe - ex Euro7.511.51
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan9.620.96
Australasia2.450.92
Asia - Developed3.872.93
Asia - Emerging5.246.87
 
Category: Global Small/Mid-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.170.68
Consumer CyclicalConsumer Cyclical13.400.98
Financial ServicesFinancial Services17.571.19
Real EstateReal Estate3.310.55
Consumer DefensiveConsumer Defensive3.290.69
HealthcareHealthcare14.031.32
UtilitiesUtilities1.090.77
Communication ServicesCommunication Services2.610.88
EnergyEnergy4.341.22
IndustrialsIndustrials21.671.01
TechnologyTechnology14.531.00
 
Category: Global Small/Mid-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings187
Total Number of Bond Holdings0
Assets in Top 10 Holdings11.40
NameSectorCountry% of Assets
Asker Healthcare Group AB206Sweden2.25
SigmaRoc PLC101United Kingdom1.22
Planisware SA311France1.11
Applied Industrial Technologies Inc310United States1.03
Castrol India Ltd309India1.01
Piper Sandler Cos103United States1.00
Ollie's Bargain Outlet Holdings Inc205United States0.98
Mr. Cooper Group Inc103United States0.95
Pinnacle Financial Partners Inc103United States0.95
The Bancorp Inc103United States0.90
 
Increase Decrease New since last portfolio
Category: Global Small/Mid-Cap 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 Date22/09/1984
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerMichael Oliveros
Manager Start Date31/07/2023
 
Biography
Michael Oliveros joined M&G in June 2011 as an analyst and since 2013 has worked as a manager and deputy manager of various equity strategies, including the Pan European Select Smaller Companies strategy and the Global Select strategy. Michael previously worked at Credit Suisse for six years, three of these as the market strategist and head of custom solutions in the HOLT group. Prior to Credit Suisse, he worked as an investment banking associate at Valuemetrics Advisors and as a management consultant at SCA Consulting. Michael graduated from the University of Illinois at Urbana-Champaign in 1998 with a BS in finance, minoring in technology and management. He is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge1.65%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.65%
Ongoing Charge1.65%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes