Morningstar Fund Report  | 10/04/2025Print

Invesco UK Smaller Companies Equity Fund (UK) (Inc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco UK Smaller Companies Equity Fund (UK) (Inc)
Fund27.3-26.6-0.5-1.9-10.3
+/-Cat4.5-2.6-0.3-7.5-3.2
+/-B’mrk---7.4-6.6-6.7
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
10/04/2025		 GBX 821.31
Day Change 4.26%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK Smaller Companies
ISIN GB0033113019
Fund Size (Mil)
31/03/2025		 GBP 372.20
Share Class Size (Mil)
31/03/2025		 GBP 4.02
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.62%
Investment Objective: Invesco UK Smaller Companies Equity Fund (UK) (Inc)
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 incorporated, domiciled or carrying out the main part of their economic activity in the UK. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non UK companies), money-market instruments, cash, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)10/04/2025
YTD-14.00
3 Years Annualised-11.65
5 Years Annualised0.15
10 Years Annualised3.29
12 Month Yield 1.53
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Robin West
30/06/2023
Jonathan Brown
01/02/2011
Inception Date
11/03/1993

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK Smaller Companies SectorMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  Invesco UK Smaller Companies Equity Fund (UK) (Inc)31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.820.0098.82
Bond0.000.000.00
Property0.000.000.00
Cash0.820.570.25
Other0.940.000.94
Top 5 Regions%
United Kingdom98.10
Australasia1.06
Asia - Developed0.84
United States0.00
Canada0.00
Top 5 Sectors%
Industrials22.74
Consumer Cyclical20.59
Technology16.10
Financial Services14.26
Communication Services6.88
Top 5 HoldingsSector%
JTC PLC Ordinary SharesFinancial ServicesFinancial Services5.17
Alfa Financial Software Holdings... TechnologyTechnology4.19
4imprint Group PLCCommunication ServicesCommunication Services4.04
Chemring Group PLCIndustrialsIndustrials3.83
AJ Bell PLCFinancial ServicesFinancial Services3.82
Increase Decrease New since last portfolio
Invesco UK Smaller Companies Equity Fund (UK) (Inc)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco UK Smaller Companies Equity Fund (UK) (Inc)
Category:  UK Small-Cap Equity
Category Index:  Morningstar UK Small Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.9236.49-5.8827.31-26.59-0.49-1.90-10.32
+/- Category0.0511.24-13.174.46-2.56-0.26-7.53-3.22
+/- Category Index------7.40-6.57-6.66
% Rank in Category4312892364569693
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.26   5.590.22
1 Week-3.55   3.710.15
1 Month-8.33   1.19-2.36
3 Months-11.33   0.84-7.71
6 Months-18.79   -4.00-8.94
YTD-14.00   0.04-5.95
1 Year-13.37   -2.56-9.55
3 Years Annualised-11.65   -3.69-8.36
5 Years Annualised0.15   -3.58-3.11
10 Years Annualised3.29   -1.101.12
 
Category: UK Small-Cap Equity
Category Index: Morningstar UK Small Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-10.32---
2024-3.089.27-0.30-7.09
2023-0.79-3.96-1.686.22
2022-11.57-12.75-11.587.61
202110.788.996.31-0.82
2020-31.1111.182.3120.11
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowAbove Average1 star
5-YearLowAverage1 star
10-YearBelow AverageAverage2 star
OverallBelow AverageAverage2 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.78 %
3-Yr Mean Return-8.84 %
 
3-Yr Sharpe Ratio-0.79
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Small Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta0.900.90
3-Yr Alpha-9.43-9.43
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 635-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium1.10
Small65.76
Micro33.13
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.651.11
Price/Book1.731.14
Price/Sales0.830.97
Price/Cash Flow6.060.85
Dividend-Yield Factor3.681.03
 
Long-Term Projected Earnings Growth9.781.07
Historical Earnings Growth-1.42-0.66
Sales Growth3.390.84
Cash-Flow Growth10.052.19
Book-Value Growth1.050.80
 
Category: UK Small-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.820.0098.82
Bond0.000.000.00
Property0.000.000.00
Cash0.820.570.25
Other0.940.000.94
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom98.101.02
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.00-
Australasia1.065.72
Asia - Developed0.841.23
Asia - Emerging0.000.00
 
Category: UK Small-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.860.65
Consumer CyclicalConsumer Cyclical20.591.33
Financial ServicesFinancial Services14.260.86
Real EstateReal Estate3.590.91
Consumer DefensiveConsumer Defensive3.760.63
HealthcareHealthcare5.231.39
Communication ServicesCommunication Services6.880.85
EnergyEnergy3.001.09
IndustrialsIndustrials22.741.01
TechnologyTechnology16.101.16
 
Category: UK Small-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings60
Total Number of Bond Holdings0
Assets in Top 10 Holdings37.29
NameSectorCountry% of Assets
JTC PLC Ordinary Shares103United Kingdom5.17
Alfa Financial Software Holdings PLC311United Kingdom4.19
4imprint Group PLC308United Kingdom4.04
Chemring Group PLC310United Kingdom3.83
AJ Bell PLC103United Kingdom3.82
Hilton Food Group PLC205United Kingdom3.71
Advanced Medical Solutions Group PLC206United Kingdom3.44
Hill & Smith PLC310United Kingdom3.30
Hollywood Bowl Group PLC102United Kingdom3.16
Coats Group PLC102United Kingdom2.63
 
Increase Decrease New since last portfolio
Category: UK Small-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 Date11/03/1993
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerRobin West
Manager Start Date30/06/2023
 
Biography
Robin joined Morley in 2004 as a fund manager ion the UK Specialist and Smaller Cap Team. He joined from Oriel Securities where he worked as a small companies analyst. Previously he spent 8 years as a smaller companies fund manager at Invesco. Before that, he spent 5 years at KPMG working on audit and special assignments for a wide variety of clients. Robin has a MA in Natural Sciences from Cambridge University. He has the following professional qualifications: ACA, IMC and CFA
Fund ManagerJonathan Brown
Manager Start Date01/02/2011
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.62%
Ongoing Charge1.62%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes