Invesco Perpetual Income & Growth Fund
Launch Date 24/08/1973 Initial Charge 5.00%
Fund Size £440M Discount 5.00%
ISIN Number GB0033030742 The total cost of investment after the discount is applied* 0%
Legal Structure OEIC (OEIC) Annual Management Charge 1.50%

*Additionally the fund manager will incur stamp duty, bid/offer spreads in the market and stockbroking commission, which may be in part passed onto the investor. All charges rounded up to the nearest 0.25%

The Invesco Perpetual Income & Growth fund aims to provide an above average level of income and long term capital growth through investment in UK equities. It is suitable for an investor who requires exposure to the UK equity market, who may require income, and who is prepared to accept an average level of investment risk.

The fund is managed by Ciaran Mallon, who has a fair degree of autonomy in the running of the fund, but he must liaise with a risk management team who review each stock position taken and assess the extent to which its inclusion increases or reduces the overall risk profile of the fund. This approach places great emphasis on stock specific research, with portfolio construction being carried out on a bottom-up basis.
Key Sector % of fund
   SERVICES 21.7%
   FINANCIALS 15.5%
   INDUSTRIALS 13.8%
   UTILITIES 12.5%
   CONSUMER PRODUCTS 11.1%
   HEALTH CARE 10.4%
   OIL & GAS 7.1%
   TELECOM, MEDIA & TECHNOLOGY 5.6%
   BASIC MATERIALS 1.4%
   MONEY MARKET 0.9%

Up to 20% of the fund can be invested overseas, but the fund is likely to remain invested solely in UK companies, and will normally be fully invested, with cash only held for liquidity reasons.

The current sector allocation is shown above and the relative performance of the fund is given in the table below.
Please bear in mind that past performance is not a guide to the future, the value of the investments and any income can go down as well as up, and you may not get back the amount you invested.
Cumulative Performance
3 mth 6 mth 1 yr 3 yr 5 yr
Fund -6.87% -0.48% 20.67% -20.04% 12.61%
Sector -7.26% -2.08% 19.69% -18.05% 11.98%
Relative to sector 0.39% 1.6% 0.98% -1.99% 0.63%
Rank within sector 41/105 19/105 32/103 57/90 37/78

Data supplied by Financial Express as at July 2010, bid/bid, income reinvested. Our views are based upon our understanding of the current legislation. You should not act on any of the information without seeking professional advice. clarity is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate all types of Pensions, Mortgages or Taxation Advice.