Frequently asked questions

Find answers to our frequently asked questions



Are Invesco mFunds different from non-mFunds?

The only difference is in the way units are purchased and sold, which for mFunds is through the ASX mFund settlement service.

Can an Invesco Fund borrow?

Most Funds are permitted to borrow and to grant security over their assets. The offer document will advise if a Fund’s intention is to borrow for investment purposes or not. Most of our funds do not intend to borrow or raise money in connection with the Fund for investment purposes, but may from time to time borrow for administrative purposes such as to cover timing differences between settlement of sales and purchases of underlying securities, and funding withdrawals.

Can I make regular investments?

The Invesco Monthly Savings Plan is available for both Class R and Class A units. For further information please check the current PDS and the application form (direct debit request for Monthly Savings Plan). Monthly deductions will be made from your Australian bank, building society or credit union account. The minimum Monthly Savings Plan amount is $250.

Can I switch to other Invesco Funds?

You may switch to other Invesco funds provided you continue to meet the minimum investment and balance requirements. Switches will be treated as a withdrawal and reinvestment and are subject to the relevant fund’s minimum investment and balance requirements. Switches may attract a buy-sell spread. Your distribution preferences will carry over to the fund switched into.

Can I transfer my investment?

You can transfer your investment to another person (in whole or part), subject to meeting minimum balance requirements, and provided certain formal requirements relating to the form, execution and delivery of the transfer form and any legal requirements are met. At our discretion, we can refuse to register a transfer

Read more about how to transfer your investment

Can I view my account online?

You can view your account balance, transactions and distribution information through our secure internet facility – Accounts Online.  

Read more about how to view your account online

Can you describe Invesco's investment capabilities globally?

One of Invesco Ltd.'s greatest competitive advantages is the combined power of our distinctive worldwide investment management capabilities. We offer diversified investment strategies spanning all major equity, fixed income, asset allocation and alternative asset classes. These strategies are managed across various worldwide investment centres, each of which focuses on distinct asset classes, investment styles or regional expertise and adheres to clearly defined investment philosophies aligned with client expectations. Each team is able to operate independently, allowing them to follow and further their specific investment style and expertise.

Read more about Invesco's investment capabilities globally

Does Invesco have an over-arching investment philosophy?

Invesco’s purpose is to deliver an investment experience that helps people get more out of life.  The firm’s purpose is built on the following beliefs:

  • A pure focus on investing eliminates the distractions that compromise results
  • A passion to exceed improves client outcomes
  • Diversity of thought and a collaborative culture produce the best ideas
  • A comprehensive range of capabilities enables Invesco to meet the unique needs of clients
  • A high-conviction approach is more impactful
  • Patience leads to better results over time

Read more about Invesco's over-arching investment philosophy

How are income distribution payments made?

You may elect to have your distribution reinvested in the Fund or paid by direct credit to a nominated Australian bank, building society or credit union account.

How are the prices of units in an mFund product set?

As with all unlisted managed funds, the price of units is set by the fund manager.

How are unitholders taxed?

Each Fund will pay distributions to unitholders at least once per year. Distributions comprise interest, dividend, rent, capital gains, profits on shorting, etc. The intention of each Fund is to distribute all of its assessable income to unitholders each year.

Invesco will then provide a taxation statement to investors advising both the amounts and the components for tax reporting purposes. When you fully or partially withdraw units from the Fund, this is treated as a disposal of your investment and you may be subject to capital gains tax.

Income earned by the Fund from investments outside Australia may be subject to taxation in the country where the income is sourced. For their share of foreign tax paid an Australian resident investor may be able to claim a foreign tax offset against their Australian tax liability.

If you are a non-resident for tax purposes or do not quote your Tax File Number (‘TFN’) or Australian Business Number (‘ABN’) (and do not have a relevant exemption from quoting your TFN or ABN), withholding tax will be deducted from your distributions at the prescribed rates (including Medicare levy if applicable).

Investing in a registered managed investment scheme is likely to have tax consequences. We strongly recommend that you seek professional tax advice before investing in an Invesco Fund.

How do I find a financial planner?

We recommend that private investors use an experienced, qualified financial adviser to assist with their financial circumstances for the long term. More information can be found at, or

Read more about how to find a financial planner

How do I invest in an Invesco product?

In order to invest with Invesco we require completion of the application form, which can be found in the Literature & Forms section. Send the completed application form, client identification forms and any supporting documentation, together with your cheque, to: Invesco Australia, Reply Paid 87980, Rhodes NSW 2138. Please see the current PDS for information on cheques, including payee details and acceptable types of cheques. Information regarding minimum investment amounts is also detailed in the PDS. Please note the offer to which the PDS relates is only available to persons receiving a copy of the PDS within Australia.

Read more about how to invest in an Invesco product

How do I make changes to my investment account details?

Changes of address, financial adviser, Tax File Number, distribution method or distribution bank account details may be made in writing to Invesco Australia, Reply Paid 87980, Rhodes, NSW 2138. Requests for changes must be signed by the appropriate signatories. Name changes may need to be supported by the appropriate legal documentation. We will accept account detail changes via fax to Invesco Unit Registry on 02 9287-0323.

How do I order literature by post?

You can order literature by post from the Literature & forms section of this site. Simply click on the checkbox next to each item that you would either like to download from our site in PDF format, or items that you would like us to print and post to you.

Read more about how to order literature by post

How do I redeem my investment?

Please send Invesco a written instruction signed by the appropriate signatories, clearly stating the number of units or the dollar amount you wish to withdraw and account details of your nominated financial institution (original documentation may be required). Redemption payments will be made to a nominated Australian bank, building society or credit union account.

How do I register for Accounts Online?

You can view your account balance, transactions and distribution information through our secure internet facility – Accounts Online.

Read how you can register for our Accounts Online service

How frequently do the Invesco mFunds get valued?

Invesco mFunds are valued daily.

How long does the redemption process take?

Redemption payments will generally be made within ten business days of receipt of a redemption request.

How often do funds pay distributions?

The Fund may distribute income half yearly for the periods ending 30 June and 31 December and at other times as determined by us.

How will the Invesco Australia website recognise who you are?

When you access our site for the first time, read and accept the site Terms & Conditions, choose your audience type or register for our site services, we will place a 'cookie' on your computer. Cookies are a standard mechanism used by many websites to store information on their users' computers.

Read more about how the website recognises who you are

What are Invesco Ltd's strategic priorities?

Invesco Ltd. continues to execute the firm’s long-term strategy, which further improves the firm’s ability to serve clients. Invesco conducts an annual strategic planning process in which senior leaders assesses the macro environment and opportunities within the markets in which the firm operates, together with the growth, needs and budgets of the firm’s business operations around the world.  The firm takes a disciplined approach to managing the company, and allocates resources to the opportunities that will best benefit clients and its global business over the long term.  Long-term strategic priorities are outlined below, along with key steps Invesco is taking to achieve them. 

Read more about Invesco's Ltd's strategic priorities

What are Invesco's main strengths and competitive edge?

Invesco Ltd. is one of the world’s leading independent global investment management firms. With investment management as our only business, we differ from most of our competitors by the global depth and breadth in both our investment management cultures and distribution capabilities. We strongly believe that our independence and sole focus on investment management is key to working with our clients in a consultative manner and delivering high-quality products which aim to produce superior investment performance, whilst offering quality administration and high-quality client service to meet our clients’ needs.

We believe our key differentiators are as follows:

Commitment to investment excellence:

  • Investment-centric culture
  • Specialized investment teams with discrete investment perspectives
  • Disciplined, repeatable investment philosophy and processes with strong risk oversight

Depth of investment capabilities:

  • Wide range of traditional and alternative investment capabilities
  • Client-driven solutions
  • Diverse set of delivery vehicles

Organizational strength:

  • Independent firm solely focused on investment management
  • Global presence and deep resources
  • Client focus with experienced, consultative professionals

Read more about Invesco's main strengths and competitive edge

What are Invesco’s role, obligations and rights?

Invesco is the Responsible Entity of all Funds referred to in this PDS. Our duties and obligations to unitholders are imposed, and our functions and powers conferred, by the relevant Fund constitution, the Corporations Act 2001 and general law. We may create separate classes of units within a Fund to which different rights or obligations attach. If we do, we will treat unitholders of different classes fairly. We may retire as responsible entity of any Fund. Part of the procedure involves the calling of a meeting of unitholders to explain the reason for wanting to retire.

What are the management costs in relation to Invesco Funds?

Management costs comprise management fees Invesco charges for overseeing the operations of our Funds and managing each Fund's assets. We also receive fees for administration costs and duties we incur in the proper performance of our duties and in connection with the normal day to day operation of the Fund. These are represented by the Administration costs we charge. Management and administration costs are calculated and accrued daily on the value of a Fund and paid monthly in arrears from the Fund's assets. This fee is for Invesco's investment management services and administration costs and is reflected in the unit price of your investment.

What do we mean by 'acquisition and disposal of units'?

Under the Capital Gains Tax ('CGT') provisions, when a unitholder disposes of their units, whether by withdrawal, switching or transferring units, they may be liable to pay tax on any gain. Certain unitholders may be liable to pay tax on any such gains as ordinary income.

Read more about acquisition and disposal of units

What environmental, ethical and social considerations does Invesco take into account when investing?

Invesco believes that the firm’s reputation as an ethical, trustworthy provider of investment services is essential to the firm’s core purpose of helping investors worldwide achieve their financial objectives. Every Invesco employee is bound by the code of conduct that sets forth the shared values and operating principles that guide the firm’s actions in the global marketplace.

Investing In Communities

Invesco encourages employees to play active roles in the growth and development of the communities in which they live and work. It’s the firm’s way of giving back. Through the Invesco Cares and Green Teams, local Invesco offices identify areas of community involvement based on the unique needs of the local community. Employees and senior leaders volunteer raise funds and participate in programs to give back to the communities the firm serves.

Supporting the Environment

As a global investment management firm, Invesco has a responsibility to help sustain a healthy, clean environment for future generations. Invesco is committed to continuous improvement in environmental management as an important part of the way the firm does business. These efforts around the globe and the firm’s Environmental Management Policy demonstrate that Invesco is committed to continuous improvement in environmental management as an important part of the way it does business.

In offices around the globe, Invesco has programs that recycle paper and other waste, limit contributions to landfills, reduce consumption of natural resources and conserve energy.  The firm also encourages employees to use alternative forms of transportation and support programs that encourage conservation in their communities.

  • Invesco has also made significant progress in reducing the firm’s impact on the environment at a number of global locations. The firm’s Atlanta, Dallas, Downers Grove, Dublin, Frankfurt, Henley, Houston, Hyderabad, London, New York, Charlottetown and Toronto locations – which comprise approximately 80% of Invesco’s employees around the world – are ISO 14001 registered. This internationally recognized standard is a world-class environmental management system that certifies Invesco has the framework in place to effectively manage our environmental responsibilities. In 2016, Invesco was globally recertified as an ISO 14001 firm.
  • Due in part to Due in part to Invesco’s strong track record regarding ESG issues, Invesco is ranked #1 in U.S. Capital Markets Industry, #9 in Financials sector, and #77 in US across all industries and sectors by the 2016 Newsweek Green Rankings.
  • In 2016, Invesco was recertified by the Carbon Trust Standard in the UK.
  • Invesco’s efforts to be leaders in sustainability and continuous, significant progress in reducing the firm’s impact on the environment have seen Invesco achieve LEED (Leadership in Energy & Environmental Design).  LEED Certification is recognized across the globe as the premier mark of achievement in green building, with LEED-certified buildings using resources more efficiently when compared to conventional buildings. There are four levels of LEED Certification and the number of points earned determines the level of certification, with platinum being the highest available achievement. Invesco monitor not only energy usage, but also water and waste consumption to ensure the firm can take the relevant steps required operationally to reduce its impact.

In addition, Invesco has a global network of Green Teams who focus on improving the environment. These groups, made up of employee representatives, constantly search for new ways to improve workplace efficiencies. The global Green Teams have participated in environmental events such as Earth Hour, Earth Day, World Environment Day and the Clean Air Commute.

Invesco is also a constituent of the FTSE4Good Index Series According to FTSE Russell; this index measures the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. It includes transparent management and clearly defined ESG criteria.

What fees does Invesco pay to financial advisers and other persons?

If you have a financial adviser, we may pay commissions to them and other persons approved by us (for example adviser dealer groups) from the fees we receive and at no additional cost to you. If applicable, upfront commission is paid on your initial and any additional investments you make (excluding re-invested distributions) and is calculated on the amount invested. Upfront commission is paid from the Contribution fee we receive. You may negotiate with your adviser to rebate all or part of the commission to you.

Read more about fees

What happens after an investor has bought units in an mFund?

Once the unit's have been purchased via a broker they will receive a welcome letter or pack from the issuer. This will confirm the details of their investment, including the number of units purchased, the price paid and other details specific to the mFund product, such as whether there is an option to reinvest distributions.

What information will I receive while I hold mFund products?

Once the mFund Settlement Service is operational, you will be able to see the current price of units in an mFund product at any time at Stockbrokers are also expected to make pricing information available through their own portfolio management systems.

What Invesco Funds participate in the mFund Service?

You can find our full listing of participating mFunds here as well as the offer documents and other product information.

What is a buy/sell spread?

When investors make investments in or withdrawals from a Fund, the Fund may need to buy or sell assets. Such transactions incur costs such as brokerage and government taxes, and differ between different asset types and in different countries. A buy (or sell) spread is our estimate of the costs associated with the purchase (or sale) of Fund assets in connection with the purchase or withdrawal of units.

Read more about buy/sell spreads

What is a Financial Adviser?

A financial adviser provides financial advice or guidance to customers, which may include investment management, income tax preparation and estate planning.

What is a Fund constitution?

Each Fund constitution sets out the terms and conditions under which it operates, as well as many of the rights, liabilities, duties and obligations of unitholders and Invesco. It also sets out the manner in which unitholder meetings are convened and conducted. We may vary or amend the constitutions without the approval of unitholders where we reasonably consider the change will not adversely affect unitholders' rights. Amendments to the law governing managed investments and relevant ASIC relief can also affect the provisions of each constitution.

What is a researcher?

A researcher may be either an independent firm that researches fund managers' investment products and makes a recommendation and rating on each product (e.g. 'Recommended', 'Investment Grade', etc). Adviser groups (dealer groups and IDPS platforms) may also employ researchers to research and rate manager funds for inclusion on to their Approved Product Lists.

What is an institutional investor?

An institutional investor is an organisation whose primary purpose is to invest its own assets or those it holds in trust for others. Institutional investors may include fund managers, superannuation/pension funds (industry, government or corporate), life companies, universities, banks, etc.

Read more about institutional investors

What is an mFund Product?

It is an unlisted managed fund that is admitted for settlement under the ASX Operating Rules and available to investors through the mFund Settlement Service.

What Is Invesco Ltd's credit rating/financial positioning?

Invesco remains financially strong and is in a distinctive position to take advantage of opportunities in the market, as detailed in its annual report. The firm maintains a strong capital position, significant access to liquidity facilities and a substantial cash position on its balance sheet. Operating results, investment performance and sales remain strong on a relative basis.

Please see below for the most recent credit ratings as they relate to Invesco Ltd.:

Moody’s:  A2 Stable

Standard & Poor’s: A Stable

Fitch: A- Stable

Please refer to the following link for updated ratings information:

What is Invesco Ltd's mission statement?

Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. 

The firm is privileged to manage more than US$930 billion (A$1.1 trillion) as of December 31, 2017 in assets on behalf of retail and institutional clients around the world by providing a comprehensive range of high conviction investment capabilities designed to help clients achieve their investment objectives.

Operating in over 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at

What is Invesco's approach to product development, globally?

We regularly review our existing product line and work to bring quality investments to clients in different regions or channels. Invesco Ltd. offers a comprehensive product line by investment asset class, geography and investment vehicle. From time-to-time, there exist opportunities to expand our product offering.

Read more about Invesco's approach to product development, globally

What is Invesco's organisation culture in terms of its business principles?

Each of Invesco Ltd.’s investment centres has a distinctive culture that reflects the centre’s investment focus, history, location and people. At the same time, employees across our organisation are united in a common mission of helping investors worldwide achieve their financial objectives.

Working together, we are creating a unified culture across our company by acting on a set of shared business principles.

Read more about Invesco's organizational culture

What is Invesco's policy in terms of business continuity and disaster recovery?

Invesco Ltd. and its subsidiaries maintain comprehensive disaster recovery and business continuity plans. The cornerstones upon which Invesco Ltd.’s disaster recovery and business continuity risk management practices rest are communications, business planning, back-up technology and facilities and testing.

Invesco Ltd. has built an extensive infrastructure to facilitate communications in the event it experiences a business interruption incident, which is constructed using several key technologies. They include a toll-free disaster recovery hot line, business recovery website, automated alert telecasting and a teleconferencing facility.

Read more about Invesco's business continuity and disaster recovery policy

What is Invesco's policy in terms of outsourcing?

Invesco Ltd. is a global investment management firm with offices around the world. As such, we leverage the resources of affiliates, as well as sub-contractors and/or other external service providers. The majority of service providers are in-house affiliates. We periodically use third party providers in certain areas for scale, skill, or risk reasons. For example, fund accounting services for certain fund groups are provided by Bank of New York Mellon and State Street Bank.

Read more about our outsourcing policy

What is my "audience type"?

Some pages on our site are created specifically for certain audiences. By selecting your type - Investment Professional or Self-Directed Investor – you can access the pages that are tailored to you.

Read more about identifying your audience type

What is the application settlement date of the Invesco mFunds?

If we accept an investor's valid instruction before the 11.15 a.m. AEST cut-off time on a Melbourne Business Day, units will generally be issued (or withdrawn) at the entry (or exit) unit price applicable for that day. If we accept a valid instruction at or after the cut-off time, or on a day that is not a Business Day, units will generally be issued (or withdrawn) at the applicable entry (or exit) price for the following Business Day.

What is the application settlement date of the Invesco mFunds?

If we accept an investor's valid instruction before the 11.15 a.m. EST cut-off time on a Melbourne Business Day, units will generally be issued (or withdrawn) at the entry (or exit) unit price applicable for that day. If we accept a valid instruction at or after the cut-off time, or on a day that is not a Business Day, units will generally be issued (or withdrawn) at the applicable entry (or exit) price for the following Business Day.

What is the ASX's role in regard to mFunds?

The role of ASX is to provide a settlement service only.

What is the difference between an mFund, an ETF and a share?

They key difference between mFunds and ETFs and shares is that mFunds allow investors to trade unlisted managed funds while ETFs and shares involve the trading of listed funds and stocks via brokers.

What is the difference between Class R and Class A units?

Class R units are structured to accept investments from individuals and typically have a minimum investment amount of A$2,000.

Class A Funds are structured to accept investments from both individuals and corporations, and typically have a minimum investment amount of A$20,000.

What is the mFund Settlement Service?

It is a service which allows investors to buy and sell managed funds directly with the fund managers via brokers.

What is the redemption settlement date of the Invesco mFunds?

If we accept an investor's valid instruction before the 11.15 a.m. AEST cut-off time on a Melbourne Business Day, units will generally be issued (or withdrawn) at the entry (or exit) unit price applicable for that day. If we accept a valid instruction at or after the cut-off time, or on a day that is not a Business Day, units will generally be issued (or withdrawn) at the applicable entry (or exit) price for the following Business Day. 

What is the tax position of Invesco Funds?

An Invesco Fund should not pay tax on the basis that all of its taxable income will be distributed to investors. Investors will be assessed for tax based on their share of the taxable income and any capital gains generated by the Fund. The taxable sum of these components may differ to the amount of cash distribution an investor receives.

Distributions from the Fund may entitle unitholders to franking credits and/or foreign tax credits. Distributions may also include tax deferred amounts or return of capital amounts which may reduce the cost base of your investment for CGT purposes.

What level of security is there on the website?

Any areas of our site that involve personal or investment details being submitted from your computer back to us are protected by a Secure Sockets Layer (SSL). Through this SSL, we automatically encrypt these details before they are sent between your computer and our systems. Therefore, if anyone intercepted these details they would not be able to understand them.

In addition, we store your personal and account information on highly secure servers. To ensure our security levels are maintained, please keep any usernames and passwords you set up for our site in a safe place and do not pass them onto anyone else.

What unit price does my application or redemption receive when transacting with Invesco?

If we accept your valid instruction before 2.30 p.m. on a business day units will generally be issued (or redeemed) at the entry (or exit) unit price applicable for that day. If we accept your valid instruction at or after 2.30 p.m. on a business day, it will generally be issued (or redeemed) at the entry (or exit) unit price applicable for the following business day. The cut off time is by reference to Melbourne time.

(Note: the cut off time on a business day before a Melbourne public holiday is 11 a.m.)

When are withdrawal (redemption) payments paid to investors?

Withdrawal requests are normally paid within 10 days of receipt of the request. Subject to our right to suspend withdrawals or where a Fund is not liquid, we must honour a valid withdrawal request within 30 days of receipt.

Read more about withdrawal payments

When does an Invesco Fund terminate?

Most of our Funds terminate after 80 years from their respective start date. However, they may be terminated earlier either by Invesco notifying investors of the date of termination or by extraordinary resolution at a duly convened meeting of Fund unitholders. On termination of a Fund, we must sell the property of that Fund and distribute the proceeds of sale, less all proper expenses and any tax liability, among unitholders of that Fund on a pro rata basis.

Will you collect any further information and what will you do with it?

If you are not logged into the site, whenever you visit a page we will identify this as a 'hit'. However, this will not be personally identifiable as you, and we will only use it to ascertain the number of hits our site has received.

If you are logged into our site, we may collect information about the pages you visit and the services you use. This information will be used to provide you with a personalised view of our site on future visits, giving you easy access to the pages and services in which you are most interested.

Read more about information collected

Will you share or sell my details to other companies?

Any information you provide will be shared by companies who form part of Invesco Ltd. These companies will not use your information for any purpose other than those set out in the Privacy statement.

We will not sell or share any personal or financial information that you provide to us with any other third party. We will also not purchase or otherwise obtain any further personal information about you from any third parties.

Read more about sharing or selling your details to other companies