Morningstar Fund Report  | 14/04/2025Print

Invesco Emerging Markets ex China Fund (UK) (Acc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco Emerging Markets ex China Fund (UK) (Acc)
Fund20.86.2-2.9
+/-Cat16.7-1.9-2.1
+/-B’mrk16.9-2.8-2.1
 
Morningstar Restructure Date: 31/03/2022
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Effective 31/03/2022, this fund's investment strategy changed to the extent that its record prior to that date is not relevant to its new format. Performance prior to that date is not shown.
Key Stats
NAV
11/04/2025		 GBX 182.92
Day Change -0.52%
Morningstar Category™ Global Emerging Markets Equity
IA (formerly IMA) Sector Global Emerging Markets
ISIN GB0033027706
Fund Size (Mil)
31/03/2025		 GBP 263.40
Share Class Size (Mil)
31/03/2025		 GBP 34.84
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.50%
Investment Objective: Invesco Emerging Markets ex China 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 companies incorporated, domiciled or carrying out the main part of their economic activity in Emerging Markets excluding China. The Fund typically holds a concentrated portfolio of 35-45 stocks. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non Emerging Market companies), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)11/04/2025
YTD-8.26
3 Years Annualised6.49
5 Years Annualised-
10 Years Annualised-
12 Month Yield 1.28
Management
Manager Name
Start Date
Charles Bond
31/03/2022
James McDermottroe
01/02/2024
Inception Date
18/11/1994

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM ex China 10/40 NR GBPMorningstar EM TME NR USD
Portfolio Profile for  Invesco Emerging Markets ex China Fund (UK) (Acc)31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.140.0099.14
Bond0.000.000.00
Property0.000.000.00
Cash0.520.310.21
Other0.650.000.65
Top 5 Regions%
Asia - Developed38.01
Asia - Emerging26.61
Latin America17.72
United States3.88
United Kingdom3.25
Top 5 Sectors%
Financial Services30.40
Technology29.61
Consumer Defensive9.63
Communication Services7.22
Basic Materials5.28
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology8.44
HDFC Bank Ltd ADRFinancial ServicesFinancial Services5.36
Samsung Electronics Co LtdTechnologyTechnology5.07
ICICI Bank Ltd ADRFinancial ServicesFinancial Services4.07
Kasikornbank Public Co LtdFinancial ServicesFinancial Services3.99
Increase Decrease New since last portfolio
Invesco Emerging Markets ex China Fund (UK) (Acc)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco Emerging Markets ex China Fund (UK) (Acc)
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Morningstar Restructure Date: 31/03/2022
Effective 31/03/2022, this fund's investment strategy changed to the extent that its record prior to that date is not relevant to its new format. Performance prior to that date is not shown.
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2023202431/03
Price Return20.846.20-2.93
+/- Category16.73-1.91-2.13
+/- Category Index16.86-2.82-2.06
% Rank in Category17084
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.52   -0.66-1.34
1 Week-2.01   1.532.81
1 Month-4.68   1.641.53
3 Months-10.01   -2.00-2.60
6 Months-9.78   -0.03-0.15
YTD-8.26   -1.03-1.44
1 Year-7.87   -2.83-4.09
3 Years Annualised6.49   6.555.85
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.93---
20244.254.87-2.07-0.81
20234.875.730.558.39
2022--5.963.593.61
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-Year - - -
10-Year - - -
OverallHighAverage5 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.06 %
3-Yr Mean Return8.69 %
 
3-Yr Sharpe Ratio0.36
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  Morningstar Korea TME NR USD
3-Yr Beta0.850.55
3-Yr Alpha5.148.41
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 21253-
Market Capitalisation% of Equity
Giant38.84
Large40.93
Medium10.85
Small9.39
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.350.87
Price/Book1.210.74
Price/Sales1.521.02
Price/Cash Flow5.780.90
Dividend-Yield Factor3.831.20
 
Long-Term Projected Earnings Growth11.511.10
Historical Earnings Growth5.861.06
Sales Growth11.442.49
Cash-Flow Growth6.131.31
Book-Value Growth7.840.90
 
Category: Global Emerging Markets Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.140.0099.14
Bond0.000.000.00
Property0.000.000.00
Cash0.520.310.21
Other0.650.000.65
World Regions31/03/2025
 % of EquityRelative to Category
United States3.884.63
Canada0.847.63
Latin America17.721.93
United Kingdom3.2510.72
Eurozone1.481.16
Europe - ex Euro0.000.00
Europe - Emerging2.451.11
Africa2.910.84
Middle East2.850.59
Japan0.000.00
Australasia0.00-
Asia - Developed38.011.31
Asia - Emerging26.610.55
 
Category: Global Emerging Markets Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.281.23
Consumer CyclicalConsumer Cyclical4.790.33
Financial ServicesFinancial Services30.401.26
Consumer DefensiveConsumer Defensive9.632.03
HealthcareHealthcare4.441.27
UtilitiesUtilities1.821.00
Communication ServicesCommunication Services7.220.70
EnergyEnergy3.701.18
IndustrialsIndustrials3.130.48
TechnologyTechnology29.611.19
 
Category: Global Emerging Markets Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings0
Assets in Top 10 Holdings40.38
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan8.44
HDFC Bank Ltd ADR103India5.36
Samsung Electronics Co Ltd311Korea, Republic Of5.07
ICICI Bank Ltd ADR103India4.07
Kasikornbank Public Co Ltd103Thailand3.99
Naspers Ltd Class N308South Africa2.88
MediaTek Inc311Taiwan2.83
Saudi National Bank103Saudi Arabia2.82
Fomento Economico Mexicano SAB de CV ADR205Mexico2.48
Chemical Works of Gedeon Richter PLC206Hungary2.43
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets 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 Date18/11/1994
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerCharles Bond
Manager Start Date31/03/2022
Fund ManagerJames McDermottroe
Manager Start Date01/02/2024
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.50%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes