Invesco

Environmental Climate Opportunities Bond Fund

Data as at 30 June 2024

The investment concerns the acquisition of units in an actively managed fund and not in a given underlying asset. The fund is actively managed and does not track the benchmark index, which is only provided for performance comparison purposes. Costs may increase or decrease as result of currency and exchange rate fluctuations. For information on overall risks and further information on costs, please refer to the legal sales documents.



Investment risks

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. Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date. Changes in interest rates will result in fluctuations in the value of the fund. The fund uses derivatives (complex instruments) for investment purposes, which may result in the fund being significantly leveraged and may result in large fluctuations in the value of the fund. Investments in debt instruments which are of lower credit quality may result in large fluctuations in the value of the fund. The fund may invest in distressed securities which carry a significant risk of capital loss. The fund may invest in contingent convertible bonds which may result in significant risk of capital loss based on certain trigger events.

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. Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date. The fund uses derivatives (complex instruments) for investment purposes, which may result in the fund being significantly leveraged and may result in large fluctuations in the value of the fund. The fund may invest in distressed securities which carry a significant risk of capital loss. The fund may invest in contingent convertible bonds which may result in significant risk of capital loss based on certain trigger events. Investments in debt instruments which are of lower credit quality may result in large fluctuations in the value of the fund. The lack of common standards may result in different approaches to setting and achieving ESG objectives. In addition, the respect of the ESG criteria may cause the Fund to forego certain investment opportunities.

 

Overview

Fund objective

  • The objective of the fund is to generate income and achieve medium to long term capital growth and to support the transition to a low carbon economy over the medium to long term.
  • The Fund invests primarily in debt instruments issued by investment grade companies worldwide, which meet the Fund’s environmental, social and governance (ESG) criteria as further detailed below. The Fund is, however, permitted to invest in debt instruments issued by non-investment grade or unrated companies.
  • Screening will be employed to exclude issuers that do not meet the Fund’s criteria, including but not limited to, the level of involvement in certain activities such as fossil fuels as well as non-climate-related sectors such as unconventional weapons and tobacco.
  • Positive screening is used to identify corporate debt instruments where the issuers’ activities positively contribute to the transition to a low carbon economy, based on the investment manager’s proprietary methodology. The Fund also invests in bonds issued by companies that have committed to reduce their greenhouse gas (GHG) emissions to net zero by 2050 in line with the Paris Agreement on climate change and debt instruments with sustainable characteristics.
  • The Fund may use securities lending for efficient portfolio management purposes.
  • The Fund may invest in debt instruments which are in financial distress (distressed securities).
  • The Fund may invest in contingent convertibles.
  • 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 actively managed and is not constrained by its benchmark, the 85% ICE BofA Global Corporate Index USD-Hedged (Total Return) and 15% ICE BofA Global High Yield Index USD Hedged (Total Return), which is used for comparison purposes. However, as the benchmark is a suitable proxy for the investment strategy, it is likely that some of the issuers in the Fund are also components of the benchmark. As an actively managed fund, this overlap will change and this statement may be updated from time to time.
  • The Fund has broad discretion over portfolio construction and therefore it is expected that over time the risk return characteristics of the Fund may diverge materially to the benchmark.
  • The Fund promotes environmental, social and governance (ESG) criteria as covered under Article 8 of the Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector.

Redemption price and costs

Current NAV
5,553
Minimum investment 2
USD 1.500
Annual management charge
0,75%
Entry charge
Up to 5,00%

The amount you are charged will vary depending on how you will invest with us.

Fund code

ISIN
LU0082941435
Bloomberg-Code
INVPGBI LX
VALOR
833410

Key facts

Share class
July 1994
Launch date
July 1994
Legal status
Luxembourg SICAV with UCITS status
Estimated gross current yield*
3,99%
Reference index
85% ICE BofA Global Corp Bond Indx (USD Hdgd) / 15% ICE BofA Global High Yield Index (USD Hdgd) Indx
Redemption yield*
5,02%
Fund size
USD 60,02 Mil
Modified duration
N/A N/A

Fund manager

person

Michael Matthews

Co-Head of Invesco Fixed Income Europe

View profile
person

Tom Hemmant

Fund Manager

Fund details

Share class:
A-SD Shares
Share class currency
USD

Important information

All fund portfolio figures are as at date shown (source: Invesco).

The yield shown is expressed as a % per annum of the current NAV of the fund. It is an estimate for the next 12 months, assuming that the fund’s portfolio remains unchanged and there are no defaults or deferrals of coupon payments or capital repayments. The yield is not guaranteed. Nor does it reflect any charges. Investors may be subject to tax on distributions. This is marketing material and not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. Issued in Switzerland by Invesco Asset Management (Schweiz) AG, who act as representative for the funds distributed in Switzerland. Paying agent in Switzerland: BNP PARIBAS, Paris, Zurich Branch, Selnaustrasse 16 8002 Zürich. The Prospectus, Key Information Document, and financial reports may be obtained free of charge from the Representative. The funds are domiciled in Luxembourg. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without Invesco’s prior written consent.

© 2024 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Original Fund Launch date relates to the previous fund named: Invesco Global Bond Fund, which was renamed to Invesco Environmental Climate Opportunities Bond Fund on 14 October 2021 and the track record restarted on that date. The minimum investment amounts are: USD 1,500 / EUR 1,000 / GBP 1,000 / CHF 1,500 / SEK 10,000. Please contact us or refer to the most up to date Prospectus for details of minimum investment amounts in other currencies.

This marketing communication is for investors in Switzerland only. Investors should read the legal documents prior to investing. By accepting this material, you consent to communicate with us in English, unless you inform us otherwise. Data as at 31 May 2024, unless otherwise stated.

→Screening will be employed to exclude issuers that do not meet the Fund’s criteria, including but not limited to, the level of involvement in certain activities such as fossil fuels as well as non-climate-related sectors such as unconventional weapons and tobacco. Positive screening will be used to identify corporate and government debt instruments where the issuers’ activities positively contribute to the transition to a low carbon economy, based on the fund manager’s proprietary methodology. The Fund also invests in bonds issued by companies or governments that have committed to reduce their greenhouse gas (GHG) emissions to net zero by 2050 in line with the Paris Agreement on climate change. The Fund may also invest in debt instruments with sustainable characteristics, including, but not limited to, green bonds, sustainability-linked bonds and transition bonds (used to fund a company's transition towards reduced environmental impact or lower carbon emissions).

Views and opinions are based on current market conditions and are subject to change. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. This does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. As with all investments, there are associated risks. This document is by way of information only. Asset management services are provided by Invesco in accordance with appropriate local legislation and regulations. The fund is available only in jurisdictions where its promotion and sale is permitted. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. Fee structure and minimum investment levels may vary dependent on share class chosen. Please check the most recent version of the fund prospectus in relation to the criteria for the individual share classes and contact your local Invesco office for full details of the fund registration status in your jurisdiction. This is marketing material and not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Documents (local languages) and Prospectus (English, French, German, Spanish, Italian), and the financial reports, available from www.invesco.eu. A summary of investor rights is available in English from www.invescomanagementcompany.lu. The management company may terminate marketing arrangements. Any investment decision should take into account all the characteristics of the fund as described in the legal documents. For sustainability related aspects, please refer to: https://www.invescomanagementcompany.lu/lux-manco/literature.

© 2024 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Issued in Switzerland by Invesco Asset Management (Schweiz) AG, who act as representative for the funds distributed in Switzerland. Paying agent in Switzerland: BNP PARIBAS, Paris, Zurich Branch, Selnaustrasse 16 8002 Zürich. The Prospectus, Key Information Document, and financial reports may be obtained free of charge from the Representative. The funds are domiciled in Luxembourg.