FOCUS FUND
Invesco Global Equity Income Fund
A core global fund with a focus on dividends and capital growth.
Find Out More
Why Invesco Global Equity Income Fund?
A balanced portfolio with no excessive style or factor bias
A high conviction portfolio of around 45 holdings
Good performance - 1st quartile performance over 1 year, 3 year and 5 year^
Source: Invesco, as at 30 November 2024
^Source: Performance is sourced from ©2024 Morningstar, data as of 30 November 2024, based on A (USD) - Acc share class. Peer group: EAA Fund Global Equity Income. Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time.
A combination of income and growth
In the past year, there was a negative correlation between dividend yield and total return.* Therefore, pure focus on high dividend paying stocks could have a negative impact on total returns.
We believe that investing in both companies that have a history of growing dividends and companies that have a lower yield but can reinvest at attractive rates of return could potentially lead to higher total returns.
* Source: Invesco, as at 31 July 2024. Monthly total returns in USD (net of fees). Time period: 1 August 2023 to 31 July 2024. Calculation benchmark: MSCI World Index (Net Total Return).
We look for quality companies at attractive prices that can grow cashflows
Source: Invesco as at 30 November 2024. For illustrative purposes only.
A balanced portfolio with no significant style or factor bias
Dividend funds typically overweight dividend sectors such as communication services, financials, and utilities. The dividend-first approach creates a bias towards value.
Our fund adopts a balanced approach of taking both yields and growth potential into consideration.
Companies we look for…
Source: Invesco as at 30 November 2024. For illustrative purposes only.
Source: Invesco as at 30 November 2024. Geographical weightings, sector weightings and portfolio holdings are subject to change without notice. The weightings for each breakdown are rounded to the nearest tenth or hundredth of a percent; therefore, the aggregate weights for each breakdown may not equal 100%.
Portfolio characteristics
| Invesco Global Equity Income Fund | MSCI World index* | |
| Dividend Yield | 2.4% | 1.9% |
| Price to Earnings | 16.7x | 19x |
| Debt/EBITDA | 2.3x | 3x |
| Return on Equity | 16.5% | 14% |
Source: Bloomberg as at 31 December 2024. Trailing 12-month figures except dividend yield and price to earnings are 12-month forward figures.
*Benchmark index, subject to further change without notice. Past performance is not indicative of future performance.
Top 10 holdings
1. 3i 2. UnitedHealth 3. Microsoft 4. Rolls-Royce 5. Coca-Cola Europacific Partners
Total holdings: 46 |
5.4% 4.5% 4.3% 4.1% 3.9% |
6. Texas Instruments 7. Union Pacific 8. London Stock Exchange 9. Standard Chartered 10. AIA |
3.8% 3.6% 3.5% 3.1% 3.0% |
Source: Invesco as at 30 November 2024. Geographical weightings, sector weightings and portfolio holdings are subject to change without notice.
Source: Invesco as at 30 November 2024. Geographical weightings, sector weightings and portfolio holdings are subject to change without notice. The weightings for each breakdown are rounded to the nearest tenth or hundredth of a percent; therefore, the aggregate weights for each breakdown may not equal 100%.
Distribution information*
*Aims to pay dividend on monthly basis. Dividend is not guaranteed; For MD-1 shares, dividend may be paid out of capital. (Please refer to Note 1 and/or Note 2 of the "Important information")
| Intended frequency | Record date | Amount/Share | Annualized dividend (%) | |
| A (AUD Hgd)-MD1 Shares | Monthly | 29/11/24 | 0.0410 | 4.59% |
| A (USD)-MD1 Shares | Monthly | 29/11/24 | 0.0560 | 5.35% |
| A (HKD)-MD1 Shares | Monthly | 29/11/24 | 0.5100 | 5.37% |
| A (RMB Hgd)-MD1 Shares | Monthly | 29/11/24 | 0.2940 | 3.40% |
Source: Invesco as at 30 November 2024.
Annualized dividend (%) = (Amount/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the Fund's net asset value may fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions below USD 50/AUD 50/HKD 400/RMB 400 will be automatically applied in the purchase of further shares of the same class. Positive distribution yield does not imply a positive return.
