Important information

  • The Fund invests primarily in debt securities whose issuers, guarantors and/or domiciled countries could or would directly or indirectly benefit from China’s Belt and Road vision of increasing land and sea paths to connect Asia, Europe, Middle East and Africa and their adjacent seas for closer economic co-operation.
  • Investors should note the general investment risk, risk of misalignment between the Fund’s investment theme and the Belt and Road vision, risks of investing in companies related to the Belt and Road Initiative, emerging markets risk, liquidity risk, sovereign debt risk, portfolio turnover risk, Eurozone risk, hedged unit classes risk, RMB class(es) related risk, counterparty risk, currency and foreign exchange risk, and investments in debt instruments with loss-absorption features including senior non-preferred debts, contingent convertible bonds which are subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger events and may result in a significant or total reduction in the value of such instruments.
  • Debt Securities is subject to (a) interest rate risk; (b) credit risk (including default risk, credit rating risk, credit rating downgrading risk and liquidity risk); (c) risks relating to below investment grade and unrated securities; and (d) valuation risk.
  • Financial derivative instruments may be used for hedging. The use of derivatives may become ineffective and the Fund may suffer significant losses.
  • For Monthly Distribution-1 unit class (MD1), (a) the Fund Manager may at discretion pay distributions out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per unit in respect of such unit class after the distribution date; (b) Investments in MD1 are not an alternative to a savings account or fixed-interest paying investment, investors may not be able to get back the original investment amount; and (c) The fixed amount of distributions per month is subject to risk of exchange rate fluctuations. (Note 1)
  • In addition, investors of MD-1 that are currency hedged (MD1 hedged) should be aware of the uncertainty of relative interest rates. The net asset value of the MD1 hedged may fluctuate and may significantly differ from other unit class due to fluctuation of the interest rate differential between the currency in which the MD1 hedged is denominated and the base currency of the Fund and may result in a greater erosion of capital than other non-hedged unit class. (Note 2)
  • The value of the Fund can be volatile and could go down substantially.
  • Investors should not base their investment decision on this material alone.
  • Invesco Belt and Road Bond Fund

NAV (03/07/2020)

8.9500 USD

12 months
Low High
7.6800 9.6200

Fund performance chart

Cumulative Performance

Last update date: 31/05/2020
  YTD 3M 6M 1Y 3Y 5Y Since Launch~
Share Class -6.94% -8.21% -6.15% -1.30% N/A N/A -1.62%
Index^ 0.47% 0.21% 0.61% 1.66% N/A N/A 4.36%

Calendar Year Performance*

Last update date: 31/12/2019
2019 2018 2017 2016 2015
Share Class 12.00% N/A N/A N/A N/A
Index^ 2.21% N/A N/A N/A N/A

Dividend Report+

  • Display as

Aims to pay dividend on monthly/ quarterly/ semi-annual/ annual basis. Dividend is not guaranteed. For Fixed Distribution Shares, Gross Income Shares and Monthly Distribution-1 Shares, dividend may be paid out of the capital. Please refer to Note 1 and/ or Note 2 of the "Important Information".

Record Date (DD/MM/YY) Rate / Share (USD) Price on Record Date (USD) Annualized Dividend (%)
29/05/2020 0.0500 8.72 6.88
29/04/2020 0.0500 8.35 7.19
31/03/2020 0.0500 7.99 7.51
28/02/2020 0.0500 9.48 6.33
31/01/2020 0.0500 9.53 6.30
31/12/2019 0.0500 9.45 6.35
29/11/2019 0.0500 9.42 6.37
31/10/2019 0.0500 9.40 6.38
30/09/2019 0.0500 9.34 6.42
30/08/2019 0.0500 9.31 6.44
30/07/2019 0.0500 9.46 6.34
28/06/2019 0.0500 9.39 6.39

* The calendar year performance of a share class in its year of launch is calculated from its launch date to the last day of that year, which is not a full year return. The calendar year performance of Index in the share class’s year of launch is not available. For launch date, please click Fund Details.

~For share class's launch date, please refer to Fund Details section.

Fund Objective

The Fund is a thematic product which aims to achieve long-term total returns in terms of both income and capital growth by investing primarily in debt securities whose issuers, guarantors and/or domiciled countries could or would directly or indirectly benefit from China’s Belt and Road vision of increasing land and sea paths to connect Asia, Europe, Middle East and Africa and their adjacent seas (the “Belt and Road Region”) for closer economic co-operation (the “Belt and Road Initiative”).

Key Facts

Launch Date 01/03/2018
Fund Size USD 28.12mn (as of 29/05/2020)
Management Fee 1.25%
Minimum investment USD 1,500
Initial Charge (up to) 5.00%
Fund Manager Jeff Feng, Yifei Ding
Bloomberg Code IBRBAUM HK
ISIN Code HK0000395910

Bulletin Board

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the above share classes increased or decreased in value during the calendar year being shown. Performance data of the share class has been calculated in the respective currency stated above including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance. 

How To Buy

Important information

Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Hong Kong Limited (景順投資管理有限公司). ©2020 Morningstar, Inc. 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 provided for reference purposes only. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Asset allocation data is derived by Morningstar using full holdings data provided by Invesco. Morningstar Licensed Tools and Content powered by Interactive Data Managed Solutions.

All data is as of the date of this document and sourced from Invesco unless otherwise stated.