Invesco Perpetual Distribution Fund
Launch Date 26/01/2004 Initial Charge 5.00%
Fund Size £931M Discount 5.00%
ISIN Number GB0033947226 The total cost of investment after the discount is applied* 0%
Legal Structure OEIC (OEIC) Annual Management Charge 1.38%

*In addition 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. Charges rounded up to nearest 0.25%

This fund aims to achieve a balance of income and capital growth through a portfolio of primarily UK equity and fixed interest securities. 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. It is suitable for an investor who wishes to invest in equity and bond markets and may require income, but who wishes to take a lower level of risk than represented by a typical "balanced" managed fund.

This fund is co-managed by Paul Causer and Paul Read who make key decisions regarding the overall asset allocation of the fund. Paul Causer was head of the fixed income team at Invesco, originally joining the company in 1994. Paul Read was head of the fixed income team at Invesco, joining the company in 1995. Neil Woodford also plays an important role in providing his market & stock views on the fund's overall strategy.
Key Sector Weighting % of fund
   EQUITIES 31.1%
   BB 18.4%
   B 17%
   BBB 15%
   A 4.1%
   NON-RATED 3.6%
   NON-RATED INVESTMENT GRADE BONDS 3%
   MONEY MARKET 2.9%
   CCC 1.9%
   CONVERTIBLES 1%

The current asset allocation is shown above and the performance of the sector and index is shown 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 -2.92% 1.64% 22.76% 9.92% 31.53%
Sector -3.34% 0.01% 13.75% -3.12% 13.17%
Relative to sector 0.42% 1.63% 9.01% 13.04% 18.36%
Rank within sector 74/200 31/193 2/181 15/116 6/72

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.