Invesco Funds - Invesco Pan European High Income Fund A Accumulation EUR
Sub-fund of Invesco Funds SICAV (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV www.beama.be
KEY INFORMATION
LEGAL DOCUMENTS
PERFORMANCE
ANALYSIS

Fund Profile

Category: SICAV

The objective of the Fund is to achieve a high level of income together with long-term capital growth. - The Fund intends to invest primarily in debt instruments (including contingent convertibles) and shares of companies in Europe. - The Fund may invest in debt instruments which are in financial distress (distressed securities). - The Fund may make significant use of derivatives (complex instruments) in order to (i) reduce the risk and/or generate additional capital or income and/or (ii) meet the Fund’s investment objectives by generating varying amounts of leverage (i.e. where the Fund gains market exposure in excess of the net asset value of the Fund). - The Fund is an actively managed mixed asset fund with flexible exposure to both shares of companies and debt instruments, where the benchmark, the 45% ICE BAML Euro High Yield Index (Total Return), 35% Bloomberg Barclays Pan-European Aggregate Index EUR-Hedged (Total Return) & 20% MSCI Europe ex UK Index (Net Total Return), is used for comparison purposes. As the benchmark is a suitable proxy for the investment strategy, it is likely that some of the holdings/issuers of the Fund are also represented in the benchmark. - The Fund has broad discretion to deviate materially from the weightings and therefore it is expected that over time the risk and return characteristics of the Fund may diverge materially to the benchmark . - Please refer to the Past Performance section below where a benchmark will be displayed if relevant. - You can buy and sell shares in the Fund on any Dealing Day (as defined in the Prospectus). - Any income from your investment will be reinvested.

Risk Profile
Significant risks that are not adequately reflected in the profile:

Credit risk
The fund can invest in bonds and/or shares. The issuers of these bonds and/or shares may become insolvent, thus the value of the bonds and/or shares may be lost in full or in part.
Liquidity risk
The fund may invest in securities that are not easily tradable on a stock exchange or similar market.
Derivatives risk
The fund can enter into derivative transactions. The increased profit opportunities that arise, could also involve greater risks of loss.
Interest Rate Risk
The value of the fund is likely to fall when interest rates rise.
Risk of the Specific Underlying Assets
The fund may suffer losses from the performance of the underlying assets like equities, bonds or mortgages, and can be very volatile.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Neutral
Neutral
Risk and reward profile
1
2
3
4
5
6
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible higher
Returns
Key Information
Closing Price 15/06/2021 24.45
Morningstar category EUR Cautious Allocation
Currency EUR
Distribution status Capitalizing
ISIN LU0243957239
Inception Date 31/03/2006
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 100.00 EUR
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
Yes, 30% on fixed income part of the fund
Tax on dividend N/A
Exit fee None
Tax on exit 1.32 (max. 4,000.00 EUR per fund)
Ongoing charge 1.62% of which 0.63% is paid to MeDirect
Fund management company
Address Invesco Management S.A. 37A Avenue JF Kennedy Luxembourg L-1855 Luxembourg
Manager Name Paul Causer
Manager Start Date 31/03/2006
Website www.invescomanagementcompany.lu
Total Net Assets (mil) 7,957.21 EUR (31/05/2021)
UCITS Yes
Administrator Bank of New York Mellon S.A./N.V.

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via [email protected] or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via [email protected]

Performance

Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year12.36%15/06/2021
3 years4.04%15/06/2021
5 years4.51%15/06/2021
10 years6.14%15/06/2021
Since launch6.05%15/06/2021
Cumulative performance in EUR
Performance
YTD 01/01/20214.13
1 month1.37
3 months2.64
6 months4.71
Quarterly Returns
Q 1Q 2Q 3Q 4
20211.96%---
2020-13.56%10.36%1.78%5.10%
20195.56%2.22%2.08%1.95%
2018-1.55%-0.65%0.33%-4.74%
20172.66%1.84%0.88%0.41%

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock18.72%0.00%18.72%
Bond56.93%0.00%56.93%
Cash42.91%35.73%7.18%
Other17.18%0.00%17.18%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
5.799.337.63
Sharpe Ratio
2.190.510.62
Sortino Ratio
10.540.680.84
Positive Months9.0024.0038.00
Negative Months3.0012.0022.00
Worst Month-0.94-11.52-11.52
World Regions
Region%
Eurozone13.20
Europe - ex Euro4.37
United Kingdom0.72
United States0.42
Stock Sector Weighting
Sector% of Equity
Financial Services3.23
Industrials2.77
Healthcare2.58
Consumer Defensive
2.34
Communication Services1.68
Basic Materials1.56
Technology1.28
Utilities1.23
Consumer Cyclical
1.19
Energy0.84
Top 10 Holdings
HoldingSectorCountry% of Assets
Invesco Euro Liquidity Port Agcy Acc Ireland2.21
UniCredit S.p.A. 5.38% Italy1.36
Germany (Federal Republic Of) 0% 11/03/2022Germany1.02
Banco Santander, S.A. 4.75% Spain0.99
Sanofi SA HealthcareFrance0.86
Roche Holding AG HealthcareSwitzerland0.75
Telecom Italia S.p.A. 1.12% 26/03/2022Italy0.74
Novartis AG HealthcareSwitzerland0.67
United States Treasury Bonds 2.5% 15/02/2046United States0.65
Italy (Republic Of) 0.95% 15/03/2023Italy0.65
It is possible that some UCI presented in the portfolio are not offered in Belgium, please verify with our client service
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
All key information and documents must be reviewed before being able to Invest.