Uncovering income opportunities in the high yield bond market
The Company aims to obtain capital growth and high income from investment, predominantly in high-yielding fixed-interest securities.
Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Directors' Report contained within the Company’s Annual Financial Report.
Invesco Bond Income Plus has once again been recognised as the best investment trust in the ‘Bonds – Active’ category in AJ Bell’s annual investment awards. This is the second year in succession BIPS has claimed the award, after being nominated by financial advisors and receiving the most votes from private investors.
The Company has maintained a consistent level of dividend for several years. A simple maxim underpins this success: we will only invest when we think we are being adequately rewarded for doing so.
Today, the portfolio is invested across three broad areas of the high yield bond market. Income generators form the core of the fund, made up of bonds issued by non-financial companies that pay a high level of income to compensate for their leveraged balance sheets. Next, banks and subordinated financials - bonds in this area of the market continue to pay a premium over other areas of the market. Finally, credit intensive bonds, which are bonds that have come under price pressure, but that we believe have the right plans in place to turn around their business.
We believe holding bonds in an investment trust provides several unique characteristics that should be appealing to investors. One such characteristic is a trust’s ability to borrow (often referred to as ‘gearing’).
Find out what investment trusts are and how to invest in an investment trust with Invesco's introduction. Read more to get started today.
For more than 30 years Invesco has been associated with responsible investing, and today delivers this through equity, fixed income and multi-asset strategies.
| Launch date: | May 1991* | |
| ISIN: | JE00B6RMDP68 | |
| AIC sector: | Debt – Loans & Bonds | |
| Announcements | Dividends payable | Annual General Meeting |
| Annual financial report March/April | Interim dividends May, August, November, February | AGM 27 June 2023 |
| Half-yearly unaudited financial report August | ||
| Year End 31 December |
| 31.03.20 31.03.21 |
31.03.21 31.03.22 |
31.03.22 31.03.23 |
31.03.23 31.03.24 |
31.03.24 31.03.25 |
|
|---|---|---|---|---|---|
| Ordinary Share Price | 27.1 | 0.2 | -3.5 | 14.5 | 6.7 |
| Net Asset Value | 27.2 | 0.0 | -7.2 | 14.1 | 7.2 |
FundCalibre - BIPS / Elite Rated Funds (view on FundCalibre website)
2025 Proposed Articles of Association
2025 Proposed Articles of Association (showing proposed changes)
Audit & Risk Committee terms of reference
Nomination Remuneration Committee terms of reference
Management Engagement Committee terms of reference
Policy of provision of non-audit services
City Merchants High Yield Trust Limited - circular to shareholders (Feb 2012)
All directors are non-executive and, in the opinion of the Board, are independent of the Manager.
Should you wish to contact a member of the Board of Directors, please email the Company Secretary.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data.
