Invesco Perpetual Children's Fund Factsheet

Children's Fund
December 2014
Covering the month of November 2014
Market commentary
The FTSE All-Share index generated a steady rise during November which marked a
return to a lower level of volatility. During November the latest industrial production
data was released which showed a gain of 0.6%. The retail sales volume, for October,
recorded a monthly rise of 0.8%. This followed a downward revision to the previous
month’s figure to a fall of 0.4%. A factor affecting these volumes has been the
warm autumn weather which has depressed clothing sales. Companies in the news
included Friends Life, Vodafone, BP and ESURE. Aviva announced that it was in talks
to buy Friends Life and these discussions did then lead to an agreement. Vodafone
announced interim results which showed a better sales performance than expected.
BP was in the news indirectly as it owns a stake in the Russian business TNK-BP
and this business has been affected by the weakness of the Russian rouble. ESURE
released an interim management statement in which it referred to tough market
conditions.
Fund Manager: Martin Walker
Fund strategy
Over the last three years the UK equity market has made a considerable recovery,
which we believe has allowed UK stock market valuations of companies to move
closer to fair value. Despite this we believe that corporate earnings can grow from
here, albeit at a modest pace and that through careful stock selection the fund
manager believes companies with good prospects can still be found for the portfolio.
Key facts
1
Martin Walker
Fund launch date
Fund size
Legal status
Yield (Accumulation
share class)
Historic yield²
20 April 1988
£219.28m
UK authorised
ICVC
1.54%
Income distribution date
n/a
Accounting period ends
31 December
30 June
Available within an ISA?
No
IMA Sector
Investment objective
The Invesco Perpetual Children's Fund aims to achieve longer term capital growth
through a portfolio of investments in UK companies. In pursuing this objective, the
fund managers may include investments that they consider appropriate which include
transferable securities, money market instruments, warrants, collective investment
schemes, deposits and other permitted investments and transactions as detailed in
Appendix 2 of the most recent Prospectus.
UK All
Companies
Performance
Fund (Accumulation share class)
IMA Sector
% growth
3 months 6 months
0.86
1.04
-0.54
-0.65
1 year
2.73
3.13
3 years
73.24
49.12
5 years
91.37
64.95
5 year
ACR* 10 years
13.86 154.15
10.53 108.45
10 year
ACR*
9.78
7.62
*ACR - Annual Compound Return
Standardised rolling 12-month performance
Fund (Accumulation share class)
% growth
30.9.09
30.9.10
6.07
30.9.10
30.9.11
-0.76
30.9.11
30.9.12
21.27
30.9.12
30.9.13
35.84
30.9.13
30.9.14
5.27
Past performance is not a guide to future returns. Fund performance figures are shown in sterling on a mid-to-mid basis, inclusive of net reinvested income
and net of the ongoing charge and portfolio transaction costs to 28 November 2014 unless otherwise stated. The figures do not reflect the entry charge paid by
individual investors. Sector average performance is calculated on an equivalent basis. The standardised past performance information is updated on a quarterly
basis. Source: Lipper
Five year performance
Invesco Perpetual Children's Fund (Accumulation share class)
IMA UK All Companies Sector
Children's Fund
December 2014
Top 10 holdings¹
%
HSBC
BP
Friends Life
Royal Dutch Shell 'A'
Legal & General
BAE Systems
BT
Rio Tinto
GKN
Schroders
Total Top 10 Holdings (%)
Total number of holdings
5.47
5.41
5.31
4.71
4.16
4.12
4.06
4.05
3.34
3.29
43.91
52
Industry breakdown1,3
%
28.56
14.49
12.41
11.86
10.58
7.57
5.84
5.56
1.61
1.26
0.26
100
Financials
Consumer Services
Industrials
Telecommunications
Oil & Gas
Consumer Goods
Basic Materials
Health Care
Utilities
Technology
Cash
Total
Country of investment
breakdown¹
United Kingdom
Cayman Islands
Cash
Total
%
99.26
0.48
0.26
100
100
90
80
70
60
50
40
30
20
10
0
Nov-09
Nov-10
Nov-11
Nov-12
Nov-13
Nov-14
Past performance is not a guide to future returns. The chart shown above should be viewed in
conjunction with the ‘Standardised rolling 12-month performance’ table overleaf.
1
2
3
All fund portfolio figures within this leaflet are
as at 28 November 2014 (source: Invesco
Perpetual).
The Historic Yield reflects distributions
declared over the past twelve months as
a percentage of the mid-market price of
the fund, as at the date shown. It does not
include any entry charge and investors may
be subject to tax on their distributions.
The Industry Classification Benchmark
is a joint product of FTSE International
Limited and Dow Jones & Company, Inc.
and has been licensed for use in our sector
breakdown.
Important information
Where Invesco Perpetual has expressed views
and opinions, these may change.
For more information on our funds and
available share classes, please refer to the
most up to date relevant fund and share classspecific Key Investor Information Documents,
the Supplementary Information Document, the
ICVC ISA Key Features and Terms & Conditions,
the latest Annual or Interim Short Reports
and the latest Prospectus. This information is
available using the contact details shown.
Telephone calls may be recorded.
Investment risks
The value of investments and any income
will fluctuate (this may partly be the result of
exchange rate fluctuations) and investors may
not get back the full amount invested.
The fund may use derivatives (complex
instruments) in an attempt to reduce the
overall risk of its investments, reduce the costs
of investing or generate additional capital or
income, although this may not be achieved.
The use of such complex instruments may
result in greater fluctuations of the value of the
fund. The Manager, however, will ensure that
the use of derivatives within the fund does not
materially alter the overall risk profile of the
fund.
Contact information
Broker Services
Telephone 0800 028 2121
[email protected]
Investor Services
Telephone 0800 085 8677
[email protected]
www.invescoperpetual.co.uk
Invesco Perpetual is a business name of
Invesco Fund Managers Limited and Invesco
Asset Management Limited
Perpetual Park, Perpetual Park Drive,
Henley-on-Thames, Oxfordshire RG9 1HH,UK
Authorised and regulated by the
Financial Conduct Authority.