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Invesco Perpetual Monthly Income Plus

Ranked 28 out of 57 in - Sterling Strategic Bond over 12 months
All calculations are in GBP

Managed by

Paul Causer

Paul Causer has clocked up more than 20 years' fund management experience. He started out as a research and credit analyst with Japanese bank Asahi Bank and moved on to the group's treasury department before he was given responsibility for the bank's multi-currency investment portfolio. Along with his co-manager Paul Read, Causer signed a new contract with Invesco Perpetual in 2002 after turning down an approach from New Star. The 'two Ps' also co-manage the Invesco Global Bond fund, and the Invesco Leveraged High Yield investment trust. In January 2004 they began co-managing the newly launched Invesco Perpetual Distribution fund alongside colleague Neil Woodford.

Paul Read

Although Paul Read cites Neil Woodford as the investor he admires most, he has tremendous respect for Paul Causer, the man with whom he has established a highly successful partnership during the past seven years at Invesco Perpetual. The pair head fixed interest retail investment at the group and jointly oversee about £1 billion in a diverse range of unit trusts, pension funds, offshore funds and investment trusts. Within this range is their key portfolio, the Invesco Perpetual Corporate Bond fund, which they have managed since July 1995. Born in November 1961, Read graduated in Economics and History from the University of Toronto.

Ciaran Mallon

Ciaran Mallon studied at Oxford University where he obtained his degree in Chemistry. He is also a CFA charterholder, and has the Securities Institute Diploma. He started his career at HSBC Private Clients where he worked as an investment analyst. In 1999, he joined United Friendly Asset Management (acquired by Royal London Asset Management). Ciaran joined Invesco Perpetual in January 2005 and is part of the UK equities team managing UK equity portfolios. His investment style is pragmatic, active and valuation-orientated.

Objective

The fund aims to achieve a high level of income with capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in corporate and government high yielding debt securities globally (which may be unrated or sub-investment grade), and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities Financial derivative instruments can be used for investment purposes and for efficient portfolio management.

Performance

Sterling Strategic Bond over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 4.7% 1.8% 2.1% 0.8%
2013 11.0% 4.6% 0.5% 2.7% 2.8%
2012 21.9% 9.1% -0.2% 6.6% 5.1%
2011 -2.2% 3.7% 0.6% -8.7% 2.6%
2010 13.8% 7.9% -2.9% 7.9% 0.7%
2009 44.6% -5.3% 22.6% 17.8% 5.7%
2008 -21.8% -5.5% 1.5% -8.1% -11.4%
2007 2.7% 1.9% -0.3% 0.9% 0.1%
2006 10.9% 3.4% 0.5% 3.7% 2.9%
2005 10.9% 1.3% 3.2% 3.7% 2.4%
2004 16.4% 4.0% 1.4% 4.0% 6.2%
2003 33.8% 4.7% 15.6% 4.0% 6.3%
2002 -5.6% -2.6% -3.9% -4.9% 6.0%
2001 -0.7% 4.5% -1.2% -10.6% 7.6%
2000 6.2% 5.2% 1.7% -0.9% 0.1%
1999 9.9% 1.9% 3.2% 0.5% 3.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2014

Top 10 Holdings

Stock Size
GBP Forward Contract 31.83
Future General Security 6.92
US Treasury 2.625% 31-Dec-2014 3.21
United Kingdom 2.750% 22-Jan-2015 3.06
US Treasury 0.250% 31-Jan-2015 2.39
US Treasury 0.375% 30-Apr-2016 2.09
Lloyds Bank PLC PERP 1.29
Spain 5.150% 31-Oct-2028 1.22
Co-Operative Bank PLC ORD 1.16
GBP Cash 1.15
31/07/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date06/02/1999
  • Share Class size3,969Mn
  • Base currencyGBP
  • ISIN GB0033051334

Purchase Info

  • Min. initial investment500
  • Min. additional investment0

Charges

  • Initial investment5

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).