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Invesco USD Reserve Fund
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Invesco USD Reserve Fund
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Ranking
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Sector:
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USA-Fixed Interest-Money Market |
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Size:
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(USD) 98 140 000 |
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Sector Rank:
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3 out of 9 |
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(lump sum over 3 years to 31 Jan 2008)
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Overall Rank:
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179 out of 215 |
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(lump sum over 3 years to 31 Jan 2008)
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| R20000 invested on 31 Jan 2005 was worth R28 080 at 31 Jan 2008 |
(11.98% annual compound return)
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| R5000 per month since 31 Jan 2005 was worth R214 146 at 31 Jan 2008 |
(11.02% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| David Taylor, B.Sc (Econ), London School of Ecnomics |
| David started his investment career in 1988 and joined INVESCO in 1996. He specialises in the management of fixed income portfolios. David holds a BSc (Econ) degree from the London School of Economics. |
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Focus and Objective
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The fund aims to provide the maximum return with a high degree of security from a portfolio of short-dated fixed interest securities, which have an initial or residual maturity not exceeding 12 months. The assets of the Fund may also comprise floating rate debt securities and debt securities with a maturity exceeding 12 months, provided as a result of the terms of issue or by the use of adequate instruments or techniques, the rate of interest thereof is adjusted at least once annually in the light of market conditions. The portfolio of the Fund may include cash and cash equivalents.
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Technical Overview
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| Benchmark: |
7-day LIBOR USD |
| Administration fee: |
0.10% |
Formation date: |
02 Jan 1991 |
| Allows debit orders? |
No |
Is this fund a roll-up fund? |
Yes |
| Base currency: |
USD |
Min further amounts: |
$500 |
| Broker comm payable? |
No |
Min lump sum: |
A Class: $2 500, C Class: $1 000 000 |
| Class A mngmnt fee (pa): |
0.50% |
Minimum lump sum: |
$2 500 |
| Class C mngmnt fee (pa): |
0.25% |
Number of holdings: |
15 |
| Compulsory charges: |
Nil |
Performance fee? |
No |
| Custodian fee: |
0.20% |
Pricing system: |
Forward |
| Domicile: |
Luxembourg |
Risk rating: |
Low |
| Exit fee? |
No |
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