Invesco Perpetual Corporate Bond Income Units 
Also available as accumulation units
Overview
| Fund manager's initial charge | 5.00% |
|---|---|
| HL initial saving | 5.00% |
| Net initial charge | 0.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.00% |
| Performance charges | No |
| Total Expense Ratio | 1.19% |
| HL annual saving | 0.15% 2 |
| Platform fee | Free |
| Launch date | 24-07-1995 |
| Launch price | £1.00 |
| Sector | GBP Corporate Bond |
| Fund size | £5,172 million |
| Number of holdings | 407 |
| Fund type | ICVC |
| Type of units | Income |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features and Simplified Prospectus/Key Investor Information Document for more details.
HL research - our view on this fund
The managers feel market volatility is likely to continue, and in this environment Paul Causer and Paul Read expect the majority of returns to come from income. However, one area they find attractive is the financial sector, particularly selective northern European banks. While these positions have hurt short-term performance, they remain confident these can deliver both attractive income and capital growth.
About the Fund Manager
Paul Read
Located in: Henley
Paul joined the company in 1995 and co-leads the Fixed Interest team with Paul Causer. Paul began his career with UBS (Securities) Ltd in 1984, and then moved to Merrill Lynch International in 1986. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993. He holds a BA, Economics and History from the University of Toronto and also has an MBA from INSEAD.
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Income details
| Distribution yield | 5.71% |
|---|---|
| Underlying yield | 5.71% |
| Income paid | Bi-annually |
| Type of payment | Interest |
| Yield calculation basis | Effective |
| Charges deducted from | Income |
All yields are variable and not guaranteed. Information as at 31-12-2011.
Distribution dates
| Ex-dividend date | 01 May 2012 |
|---|---|
| Payment date 4 | 30 June 2012 |
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Top 10 holdings
| Siemens 6.125% 2016 | 1.33% |
|---|---|
| GEN ELEC CAP CORP FLTG 6.500 SEP 15 67 | 1.33% |
| SANTANDER FIN PFD FLTG 11.300 PERP | 1.28% |
| BARCLAYS BANK PLC FLTG 14.000 PERP | 1.22% |
| RENTOKIL INIT PLC 5.750 MAR 31 16 | 1.21% |
| SCOT & STHN ENERGY 5.453 SEP 20 49 | 0.99% |
| LBG CAPITAL 1 PLC 11.040 MAR 19 20 | 0.98% |
| UBS CAPITAL SECS FLTG 8.836 PERPETUAL | 0.94% |
| BAA FUNDING FLTG 5.225 FEB 15 25 | 0.93% |
| SPD FINANCE UK 5.875 JUL 17 26 | 0.85% |
Top 10 sectors
| Bonds | 95.42% |
|---|---|
| Cash and Equiv. | 3.34% |
| Non-Classified | 0.84% |
| Banks | 0.40% |
Top 10 countries
| United Kingdom | 53.34% |
|---|---|
| United States | 11.93% |
| Netherlands | 5.99% |
| France | 5.63% |
| Non-Classified | 3.55% |
| Cash and Equiv. | 3.34% |
| Spain | 3.14% |
| Italy | 2.75% |
| Germany | 2.20% |
| Ireland | 2.11% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Prices as at 09-02-2012. Data as at 31/12/2011.
