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Invesco Tactical Bond Class Z - Accumulation (GBP)

Sell:286.70p Buy:286.70p Change: 0.74p (0.26%)
Prices as at 24 June 2024
Sell:286.70p
Buy:286.70p
Change: 0.74p (0.26%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 24 June 2024
Sell:286.70p
Buy:286.70p
Change: 0.74p (0.26%)
Prices as at 24 June 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.70%
Ongoing saving from HL: 0.25% i
Net ongoing charge: 0.45%
There are other unit types of this fund available:
Class Z - Income (GBP) (Net ongoing charge 0.45%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Multiple
Fund launch date: 1 February 2010
Sector: GBP Strategic Bond
Fund size: £975 million
Number of holdings: 281
Fund type: ICVC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citibank
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

24/06/19 to 24/06/20 24/06/20 to 24/06/21 24/06/21 to 24/06/22 24/06/22 to 24/06/23 24/06/23 to 24/06/24
Annual return 8.27% 8.24% -5.36% 1.04% 6.45%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

HL Research

The fund is co-managed by Stuart Edwards and Julien Eberhardt who took over running the fund in August 2020 and August 2021 respectively. Despite their relatively short tenure on this fund, both managers have been part of the fixed income team at Invesco for well over a decade and have...

Our latest article

Senior Investment Analyst Hal Cook shares our analysis on the manager, process, culture, ESG integration, cost and performance of the Invesco Tactical Bond fund.

Fund Objective

The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund has a flexible allocation to corporate and government debt securities (including investment grade, non-investment grade and unrated) and cash. Depending on market conditions the Fund may invest up to 100% of its net assets in cash, cash equivalents, short-term debt securities and money market instruments.In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities, collective investment schemes (including funds managed by the Invesco group) and deposits.

Income Details

Distribution yield : 4.21%
Underlying yield : 4.21%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 May 2024 1 November 2024
Payment date: 30 June 20244 31 December 20244

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 May 2024.

Security Weight
0¼% Treasury Gilt 2025 3.96%
AUSTRALIA(CMNWLTH) 1.750 NOV 21 32 3.33%
UNITED STATES TREAS 1.250 APR 15 28 3.25%
1 5/8% Treasury Gilt 2028 3.17%
3¼% Treasury Gilt 2033 2.93%
US (GOVT OF) 1.125 JAN 15 33 I/L 2.77%
0½% Treasury Gilt 2061 2.53%
FORD MOTOR CR LLC 2.748 JUN 14 24 2.04%
UNITED STATES TREAS 3.375 MAY 15 33 1.98%
GERMANY(FED REP) 2.500 AUG 15 54 REG 1.77%
Sector Weight
Bonds 95.66%
Non-Classified 4.15%
Alternative Trading Strategies 0.29%
Cash and Equiv. -0.09%
Country Weight
United Kingdom 28.72%
United States 21.53%
Non-Classified 9.60%
France 7.26%
Spain 5.88%
Australia 4.88%
Germany 4.51%
Netherlands 4.23%
Italy 3.73%
Mexico 1.99%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 24 June 2024. Data provided by Broadridge, correct as at 31 March 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & 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.