Factsheet: Invesco Perpetual UK Smaller Ord

UK Smaller Companies

Rated Fund 2017-2018. Ideal for those who need an income

Named the Best UK Growth Trust in Money Observer's 2017 investment trust awards, Invesco Perpetual UK Smaller Companies aims to appeal to investors who are attracted to the growth potential of smaller companies but also need an income.In March 2015, its board decided to start paying a materially higher dividend to shareholders by taking a small contribution from capital profits if necessary, and also introduced quarterly income payments. At the end of 2017, it yielded 3.4 per cent. The move saw the trust's discount to net asset value narrow from low double digits to mid single digits.The investment strategy remains the same, which is to invest in a broad cross-section of small to medium-sized UK quoted companies, including those listed on Aim. Jonathan Brown, who has taken the trust from strength to strength since he took charge in June 2014, seeks to invest in well-managed, financially strong companies with unique propositions or clear, competitive advantages.

Brown runs a portfolio of around 80-100 stocks. He takes a stock-picking approach, looking for companies that either have great products or services, or are exposed to higher growth niches within the UK economy or overseas. They also need to be able to make strong profit margins and have a means of preventing them being competed away.In the current low-growth environment he favours stocks with 'self-help' characteristics � companies with the ability to grow profits independently of the wider economy. This can include restructuring stories or businesses that have scope to roll out a successful concept more widely.

He sees acquisitions and innovation as other avenues for growth.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Invesco Perpetual UK Smaller Ord
Manager
Invesco Fund Managers Limited
Type
Closed Ended Investment Company
ISIN
GB00B1FL3C76
Sector
UK Smaller Companies
Launched
01/03/1988
OCF
0.82 %
Risk Rating
3
3 Year Sharpe
1.25
3 Year Alpha
6.84
Yield
2 %
Benchmark
Numis SC Extended Ex Invt Com TR GBP
Fund Size
£ 170.17 million
NAV
541
Gearing
100
Discount Premium
-4
To achieve long-term total return for the shareholders via an investment vehicle which gives access to a broad cross section of small to medium sized UK quoted companies. With effect from its 2016 Financial Year, the Company aims to pay quarterly dividends targeting a yield of approximately 4%. The investment manager can invest in unquoted securities limited to a maximum of 5% of gross assets at the time of acquisition. The company will not invest more than 10% of gross assets at the time of acquisition in collective investment schemes or investment companies, and non-UK domiciled companies.
Holding %
Invesco STIC Sterling Liquidity Agcy MD 2.91 %
Dechra Pharmaceuticals PLC 2.89 %
Clinigen Group PLC 2.82 %
Johnson Service Group PLC 2.45 %
Consort Medical PLC 2.39 %
Equiniti Group PLC 2.25 %
Safestore Holdings PLC 2.21 %
4imprint Group PLC 2.15 %
Coats Group PLC 2.10 %
Robert Walters PLC 1.94 %
Region %
United Kingdom 100.00 %
Sector %
Consumer Cyclical 26.92 %
Industrials 23.57 %
Healthcare 11.77 %
Technology 9.74 %
Real Estate 9.10 %
Financial Services 5.99 %
Name
Invesco Fund Managers Limited
Address
RG9 1HH,, Oxfordshire, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Robin West
Joined 07/31/2014

Robin joined Morley in 2004 as a fund manager ion the UK Specialist and Smaller Cap Team. He joined from Oriel Securities where he worked as a small companies analyst. Previously he spent 8 years as a smaller companies fund manager at Invesco. Before that, he spent 5 years at KPMG working on audit and special assignments for a wide variety of clients. Robin has a MA in Natural Sciences from Cambridge University. He has the following professional qualifications: ACA, IMC and CFA

Robin West
Joined 07/31/2014

Robin joined Morley in 2004 as a fund manager ion the UK Specialist and Smaller Cap Team. He joined from Oriel Securities where he worked as a small companies analyst. Previously he spent 8 years as a smaller companies fund manager at Invesco. Before that, he spent 5 years at KPMG working on audit and special assignments for a wide variety of clients. Robin has a MA in Natural Sciences from Cambridge University. He has the following professional qualifications: ACA, IMC and CFA

Data provided by Morningstar.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.