Invesco Wholesale Global Opportunities Fund - hedged - Class R

As at 30 June 2025

Fund goals

The Fund aims to provide long-term capital growth through a portfolio of global equities.

Fund strategy

The underlying Fund is managed by Andrew Hall and the Global Equities team in the Henley Investment Centre in the United Kingdom. The team uses a fundamental, bottom-up approach, driven by valuation, building a concentrated, 'best ideas', high conviction global equity portfolio. The team builds a 40-65 stock portfolio selected from global equity securities listed in developed or developing markets that generally have a minimum market capitalisation of US$1 billion.

Key facts
  • Asset class
    Global equities
  • Benchmark
    MSCI All Country World Net TR Index - hedged in A$
  • Name of investment team
    Invesco Global Equities
  • Location of investment team
    Henley-on-Thames, UK
  • Fund inception
    Mar 2013
  • Fund size
    $37 million
  • Investment approach
    Fundamental, bottom-up
  • Time Horizon
    7 years
Key details
  • Account period ends
    June
  • APIR code
    GTU0098AU
  • Distribution frequency
    Half-yearly
  • MER/ICR
    0.95%
  • Minimum investment
    $2,000
  • Unit prices updated
    Daily
Fund managers
Andrew Hall

Fund Manager (Lead)

Investment experience: 24 Years

Investment responsibility: Fund Manager

Emily Roberts

Deputy Fund Manager

Investment experience: 14 Years

Investment responsibility: Deputy Fund Manager

Growth of $10,000 invested

Performance

Period Fund % Benchmark* % Value added %
1 month 3.12 3.85 -0.73
3 months 8.38 9.29 -0.91
1 year 11.33 13.31 -1.98
3 years p.a. 17.75 15.76 1.99
5 years p.a. 15.24 12.64 2.60
10 years p.a. 9.10 9.81 -0.71
Since inception p.a. 10.46 11.01 -0.55

Calendar year performance

Period - calendar year Fund % Benchmark* % Value added %
2024 18.04 19.57 -1.54
2023 27.57 19.88 7.70
2022 -18.25 -17.71 -0.54
2021 27.17 20.24 6.93
2020 2.55 11.01 -8.47

Distribution/growth splits

Period Distribution return % Growth return % Total return %
3 months 0.00 8.38 8.38
1 year 0.00 11.33 11.33
3 years p.a. 0.00 17.75 17.75
5 years p.a. 0.00 15.24 15.24

The Fund returns in the tables above are shown after ongoing fees and assume reinvestment of income. Past returns are not a reliable indicator of future returns. Future returns may be affected by a range of factors including economic and market influences.

* Benchmark history is as follows:

  • From inception to 4/5/16 = MSCI World Index (net dividends reinvested) - hedged in A$
  • From 5/5/16 = MSCI All Country World Net TR Index - hedged in A$

10 largest holdings

Stock name Fund % Benchmark* % Active weight %
Microsoft Corporation 6.91 4.18 2.74
Amazon.com, Inc. 3.84 2.49 1.35
3i Group plc 3.49 0.07 3.43
Meta Platforms Inc Class A 3.47 1.92 1.55
NVIDIA Corporation 3.47 4.58 -1.11
Constellation Software Inc. 2.98 0.09 2.89
Apple Inc. 2.65 3.67 -1.01
Canadian Pacific Kansas City Limited 2.59 0.09 2.50
Taiwan Semiconductor Manufacturing Co., Ltd. 2.42 1.06 1.36
Mastercard Incorporated Class A 2.13 0.54 1.58

Five largest overweight positions

Stock name Fund % Benchmark* % Active weight %
3i Group plc 3.49 0.07 3.43
Constellation Software Inc. 2.98 0.09 2.89
Microsoft Corporation 6.91 4.18 2.74
Canadian Pacific Kansas City Limited 2.59 0.09 2.50
Texas Instruments Incorporated 2.00 0.22 1.78

Five largest underweight positions

Stock name Fund % Benchmark* % Active weight %
Alphabet Inc. Class A 0.00 1.22 -1.22
NVIDIA Corporation 3.47 4.58 -1.11
Tesla, Inc. 0.00 1.09 -1.09
Apple Inc. 2.65 3.67 -1.01
Eli Lilly and Company 0.00 0.75 -0.75

Asset class allocation

Chart | Table

Asset class Fund %
Global equities 95.51
Cash [net of payables] 4.49

Sector allocation

Chart | Table

Sector name Fund %
Communication Services 6.83
Consumer Discretionary 9.45
Consumer Staples 2.51
Energy 2.00
Financials 17.98
Health Care 5.49
Industrials 19.38
Information Technology 26.74
Materials 3.40
Other 1.74
Real Estate 0.00
Utilities 0.00
Cash [net of payables] 4.49

Country allocation

Chart | Table

*Benchmark = MSCI All Country World Net TR Index - hedged in A$ 

Note: Security selection will change. You should not rely on this statement in making an investment decision about any security, but should make your own independent enquiries. Portfolio data for hedged products will show the data for the underlying unhedged portfolio in which it invests.