Invesco Global Liquidity capability

Invesco Global Liquidity

For 40 years, our global liquidity team has put investors first by offering a disciplined investment approach, high quality products, and distinguished client service and support.

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Key investor information, documents, factsheets, & prices

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Each portfolio is actively managed and is not managed in reference to a benchmark. The investment concerns the acquisition of units in a fund and not in a given underlying asset.

Shareholder Notice - Select share class deregistration - 9 October 2023

Notice of amendments to the Funds and the Prospectus - 24 April 2023

Sustainability-related disclosures

Invesco Euro Liquidity Portfolio - Sustainability related disclosure summary

Invesco Euro Liquidity Portfolio - Sustainability related full disclosure

Invesco Sterling Liquidity Portfolio - Sustainability related disclosure summary

Invesco Sterling Liquidity Portfolio - Sustainability related full disclosure

Invesco US Dollar Liquidity Portfolio - Sustainability related disclosure summary

Invesco US Dollar Liquidity Portfolio - Sustainability related full disclosure

Liquidity fund application materials

For more information on our global liquidity funds and the relevant risks, please refer to prospectus and financial statements.

Prospectus: Invesco Liquidity Funds Plc

Annual and Semi Annual Financial Reports

Condensed Financial Statements for the six month period ended 30 June 2023 (Unaudited)

Annual Report and Audited Financial Statements for the year ended 31 Dec 2022

Invesco Global Liquidity FAQs

As a specialist in liquidity management, Invesco is committed to providing the very highest quality Short-Term Money Market Funds to its clients. With a dedicated team, its sole business focus is to manage its funds and support its clients.

As a founding member of the  Institutional Money Market Fund Association (IMMFA) in the UK, Invesco actively supports the organisation’s work to promote the recognition of Short-Term Money Market Funds and to maintain high standards within the industry through the IMMFA Code of Practice.

Invesco Global Liquidity has evolved a very disciplined investment process over the years. This has been an essential part of ensuring the preservation of principal value of our clients' cash. At the centre of this is Invesco Global Liquidity's conservative philosophy and strong belief that credit should be managed separately from that of achieving performance.

Invesco Global Liquidity's in-house credit department researches, analyses, approves and continually monitors an Approved Credit list which feeds into the dedicated portfolio teams in both the UK and US which use it to maximise the yield and manage the liquidity of the funds.

Recognising that ease of access is essential; Invesco has established relationships with numerous banks, treasury systems, electronic trading platforms and money brokers to provide clients with an efficient and seamless interface with the funds. This can facilitate clients incorporating the funds into their treasury administration.

Invesco Liquidity Funds Plc is Invesco's range of Irish-Domiciled short-term Low Volatility Net Asset Value Money Market Funds - "LVNAV".

The Invesco Liquidity Funds Plc provide an alternative same-day settlement investment for short-term liquidity requirements. The primary objective of the portfolios is preservation of principal, followed by liquidity and then yield.

Typical investors include corporate treasurers, local government and institutional investors with large cash balances requiring diversification of risk, continuous credit management, immediate liquidity and a daily yield comparable with overnight bank rates.

It comprises three Portfolios: the Invesco US Dollar, Invesco Sterling and Invesco Euro Liquidity Portfolios, which were launched in 1995, 1997 and 1999 respectively. All of Invesco Liquidity Funds Plc carry a triple-A rating1 from at least one of the Nationally Recognised Statistical Rating Organisations and transact at a constant net asset value of $1, £1 or €1 per share subject to the provisions of a Short-Term Low Volatility Net Asset Value Money Market Fund.

Invesco Liquidity Funds Plc is structured as an open-ended investment company. It is authorised as a UCITS under European legislation and regulated by the Central Bank of Ireland.

The Invesco Liquidity Funds Plc Portfolios seek to preserve principal by managing each Portfolio with stringent credit, investment and operational guidelines.

  • All of the Invesco Liquidity Funds Plc Portfolios have one or more triple-A credit rating1 from either Standard & Poor's, Moody's or Fitch Ratings.
  • Subject to the provisions of a Short-Term Low Volatility Net Asset Value Money Market Fund, the Portfolios are transacted at a constant net asset value (CNAV) of $1, £1 or €1 per share.
  • An in-house credit department researches and analyses all issuers to establish their suitability, then monitors them to ensure they maintain their credit status
  • Systems are in place to ensure that no credits are purchased without compliance to the legal, regulatory and company self-imposed investment restrictions
  • The custody of the assets within the funds are separated from the asset management and undertaken by BNY Mellon Trust company (Ireland) Limited.

Invesco Global Liquidity offers easy to access and administer Portfolios.

  • The Portfolios are open daily and have some of the latest same-day settlement times:
    • 2:00 p.m. UK time for the Invesco Sterling Liquidity Portfolio
    • 2:30 p.m. CET for the Invesco Euro Liquidity Portfolio
    • 4:00 p.m. ET for the Invesco US Dollar Liquidity Portfolio
  • An account can be opened with a minimum of £1,000,000 for sterling, €1,000,000 for euros and $1,000,000 for US dollars. Thereafter, there are no further dealing restrictions on frequency or size of transaction or retained balances.
  • There are also no limitations on how often transactions can be placed. A minimum of 30% of each Portfolio is held in weekly maturing investments to satisfy liquidity requirements.
  • Administration is simple and once the account is opened, instructions need only be given directly by phone, fax, Swift, the transfer agents online transaction platform TA Online or through a number of third-party transaction platforms.

The Invesco Liquidity Funds Plc Portfolios pay a rate comparable to the overnight market rate through strategic investment in both overnight and longer-term money market instruments.

  • At the end of the day, a rate is declared for each Portfolio. The rate achieved for the day is paid without any tiering and irrespective of account balances
  • Accumulating and distributing classes are available in each of the Sterling, Euro and US Dollar Portfolios

For the Distributing shares:

  • The resulting income is accrued daily and paid as a dividend at the end of each month. This can be either distributed in cash or automatically reinvested in the relevant Portfolio for the equivalent additional shares
  • The dividend is paid net of fees without any Irish withholding tax, with the exception of chargeable Irish investors

For Accumulating shares

  • income is rolled into the daily price
  • no dividends are paid

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future

It's easy to open an account in the Invesco Liquidity Funds Plc Portfolios.

There is no obligation to fund the account immediately, nor any contractual requirement to use it or keep a minimum balance. Multiple accounts can be opened and individually designated to provide a segregated yet pooled cash investment arrangement.

Simply complete an application form and return it to our transfer agency team along with any necessary identifying documentation. Contact us or your relationship manager to acquire an account application.

Once account details are confirmed, investment and withdrawal instructions can be placed by phone, fax, Swift, the transfer agent’s online transaction platform, TA Online, or through a number of third-party transaction platforms without restriction, other than the minimum initial investment.

For investments, clients need to arrange the cash transfer. For withdrawals, the cash will automatically be returned to the client's predesignated bank account.

Every trade is confirmed by post, email or fax. At the end of each month, a statement is issued detailing all transactions and the final dividend payment for the month.

Meet the team

Led by Laurie Brignac, CIO and Head of Global Liquidity, our dedicated team delivers high-quality short-term money market portfolios to meet our clients’ evolving liquidity needs.

As part of Invesco Fixed Income, we draw on the insights and expertise of over 175 fixed income professionals in key markets worldwide.

Our vision is grounded in our rigorous investment philosophy, high-quality products and tradition of excellent client service.

We provide high-quality short-term money market portfolios and separately managed accounts to meet the evolving liquidity needs of clients and the market.

We are committed to providing you with the information you need to make informed investment decisions, and we support those decisions through responsive operational services.

  • * Source Invesco, as at 31 March 2023.

     

    1 Fund ratings are provided to indicate the creditworthiness of the underlying holdings in the portfolio and offer a forward-looking opinion about fixed income funds' capacity to maintain stable principal (net asset value). The ratings will generally range from AAA (highest) to D (lowest). For more information on rating methodologies, please visit the following Nationally Recognized Statistical Ratings Organization websites: www.standardandpoors.com and select `Understanding Ratings' under Rating Resources on the homepage; www.moodys.com and select `Rating Methodologies' under Research and Ratings on the homepage; www.fitchratings.com and select `Ratings Definitions' on the homepage. Fund credit ratings are not an indication of fund performance. Fund ratings are solicited and financed by Invesco.

  • For complete information on risks, refer to the legal documents.

     

    The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

     

    An investment in a money market fund (MMF) is not guaranteed.

     

    An investment in a MMF is different from an investment in deposits and is capable of fluctuation; as a result, investors may not get back the full amount invested. 

     

    A MMF does not rely on external support for guaranteeing the liquidity of the fund or stabilising the net asset value (NAV) per unit or share.

     

    The risk of loss of the principal is to be borne by the investor

  • The fund(s) may invest up to 100% of its/their assets in different money market instruments issued or guaranteed separately or jointly by the Union, the national, regional and local administrations of the Member States or their central banks, the European Central Bank, the European Investment Bank, the European Investment Fund, the European Stability Mechanism, the European Financial Stability Facility, a central authority or central bank of a third country (including the United States and the following central authorities / central banks: The Inter American Development Bank, Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Government National Mortgage Association (Ginnie Mae), Student Loan Marketing Association (Sallie Mae), Federal Home Loan Bank, Federal Farm Credit Bank, Tennessee Valley Authority and Straight-A Funding LLC), the International Monetary Fund, the International Bank for Reconstruction and Development, the Council of Europe Development Bank, the European Bank for Reconstruction and Development, the Bank for International Settlements, or any other relevant international financial institution or organisation to which one or more Member States belong.

     

    For more information on our funds and the relevant risks, please refer to the share class-specific Key Investor Information Documents (available in local language), the Annual or Interim Reports, the Prospectus, and constituent documents, available from www.invescoglobalcash.com. A summary of investor rights is available in English from www.invescomanagementcompany.ie. The management company may terminate marketing arrangements.

     

    The distribution and the offer of this/these fund(s) in certain jurisdictions may be restricted by law. Persons into whose possession this document may come are required to inform themselves about and to comply with any relevant restrictions. Persons interested in investing in the fund(s) should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls and (iii) any relevant tax consequences.

     

    The fund(s) is/are available only in jurisdictions where its/their promotion and sale is permitted. The fund(s) is/are not offered for sale in any jurisdictions in which the fund(s) is/are not authorised to be publicly sold.

     

    As with all investments, there are associated risks. Asset management services are provided by Invesco in accordance with appropriate local legislation and regulations.

     

    Not all share classes of this/these fund(s) may be available for sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. With regards to the share classes, there are variations in relation to the characteristics such as the fee structures and minimum investment amounts.