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Invesco USD Ultra-Short Term Debt Class A - Accumulation (USD)

Sell:6,593.82p Buy:6,593.82p Change: 0.94p (0.01%)
Prices as at 10 May 2021
Sell:6,593.82p
Buy:6,593.82p
Change: 0.94p (0.01%)
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 10 May 2021
Sell:6,593.82p
Buy:6,593.82p
Change: 0.94p (0.01%)
Prices as at 10 May 2021
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.

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): 0.39%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.39%

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: 2 January 1991
Sector: Offshore
Fund size: £96 million
Number of holdings: 76
Fund type: SICAV
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The Bank of New York Mellon (International) Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

10/05/16 to 10/05/17 10/05/17 to 10/05/18 10/05/18 to 10/05/19 10/05/19 to 10/05/20 10/05/20 to 10/05/21
Annual return 11.77% -3.49% 6.36% 8.28% -11.09%

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

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund seeks to achieve a positive gross return through a conservative allocation (low duration and high credit quality) to rates and credit as more fully described below. Due to the prevailing interest rate environment or other factors, it is possible that this may not be achieved. The Fund seeks to achieve its objective by investing in debt securities and cash. Debt securities may include government debt securities, fixed and floating rate corporate debt securities, ABS, Money Market Instruments and cash equivalents. The Fund will invest at least 70% of its NAV in debt securities denominated in USD. The Fund may invest up to 20% of its NAV in ABS. Such securities will have a minimum credit rating of AAA at the time of purchase. The average portfolio duration will not exceed 18 months. Portfolio Duration is a measure of the weighted average Duration of the individual debt securities of the portfolio. For the purposes of the Fund, debt securities will not have a residual maturity exceeding 3 years at the time of purchase. The Fund may invest up to 5% of its NAV in non-investment grade debt securities but will not invest in securities with a credit rating of below B- by Standard and Poors rating agency, or equivalent (or in the case of unrated debt securities, determined to be of an equivalent rating). The Fund may invest in derivatives on credit, rates and currencies which may be used to achieve both long and short positions. Non-USD investments are intended to be hedged back into USD on a discretionary basis.

Income Details

Running yield 0.50%
Gross redemption yield : 0.43%
Gross running yield : 0.89%
Income paid: n/a
Type of payment: Dividend
Ex-dividend date: 1 March 2022
Payment date: 21 March 20224

This data is provided by Funds Library. 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 March 2021.

Security Weight
US TREASURY T-BILL SEP 09 21 2.91%
CITIGROUP INC 2.750 APR 25 22 RGD 1.60%
MITSUBISHI UFJ FINAN FLTG JUL 25 22 1.57%
ROYAL BANK OF CANADA FLTG APR 29 22 1.57%
TORONTO DOMINION BAN FLTG 2.750 JUL 22 22 1.56%
MORGAN STANLEY FLTG APR 21 21 1.40%
CREDIT SUISSE AG NEW 3.000 OCT 29 21 1.29%
RELIANCE STD LIFE GL 2.150 JAN 21 23 144 1.28%
LLOYDS TSB GROUP PLC 3.000 JAN 11 22 1.23%
BANK OF CHINA SG FLTG APR 17 21 REGS 1.14%
Sector Weight
Bonds 59.08%
Alternative Trading Strategies 40.54%
Cash and Equiv. 0.38%
Country Weight
Non-Classified 40.54%
United States 36.27%
Canada 6.00%
Japan 4.59%
United Kingdom 2.91%
Switzerland 2.65%
China 1.79%
Denmark 1.06%
Singapore 1.04%
Netherlands 0.90%

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 10 May 2021. Data provided by Funds Library, correct as at 31 March 2021.

FundsLibrary
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.