Title: 242078259.pdf URL Source: https://documentscdn.financialexpress.net/Literature/C487A5FC8FD9834C64E6176DB8261B35/242078259.pdf Number of Pages: 2 Markdown Content: Why invest in this trust # 1Aims to provide a high level of income and capital growth to investors. # 2Access to the high yield bond market, diversified across countries and industries, provides the potential to create a diverse portfolio. # 3Expert credit analysis and careful selection provide opportunities for the fund managers to add value over the long term. > Portfolio Managers: Rhys Davies (pictured) and Edward Craven (Deputy Portfolio Manager) Key facts Launched May 1991 1 Ticker BIPS.L ISIN JE00B6RMDP68 Sedol B6RMDP6 AIC sector Debt - Loans and Bonds Number of holdings 394 Total assets £513.8m Ordinary shares Share price Cum-Income NAV (debt at fair value) 171.5p 168.9p Premium 1.6% Yield to maturity 5.58% Dividend yield 2 7.1% Gearing 3 8.4% Ongoing charge (incl AMF) 0.85% Shares in issue Ordinary shares 271,653,911 Borrowing The Company may use repurchase agreements. # Invesco Bond Income Plus Limited # As at 30 April 2026 www.invesco.co.uk/bips > Please note that on the 12th December 2024, the Board announced an increased 4th quarter dividend, and that the targeted dividend amount for 2025 would increase from 11.5p per share to 12.25p per share. Investment objective The Company’s investment objective is to seek to obtain capital growth and high income from investment, predominantly in high-yielding fixed-interest securities. Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Directors' Report contained within the Company’s Annual Financial Report. Ordinary share price and NAV cumulative performance % growth > 6 months 1 Year 3 Years 5 Years 10 Years Share price 1.8 8.9 32.2 23.5 74.0 Net Asset Value 2.1 8.9 31.7 21.5 74.8 Standardised rolling 12-month performance % growth > 31.03.21 31.03.22 31.03.22 31.03.23 31.03.23 31.03.24 31.03.24 31.03.25 31.03.25 31.03.26 Ordinary Share Price 0.2 -3.5 14.5 6.7 6.8 Net Asset Value 0.0 -7.2 14.1 7.2 6.9 Past performance is not a guide to future returns. Ordinary share price performance figures have been calculated using daily closing prices with dividends reinvested. NAV performance figures have been calculated using daily NAV with dividends reinvested. The NAV used includes current period revenue and values debt at fair. All performance figures are in sterling as at 30 April 2026 except where otherwise stated. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar. Manager biography Rhys is a fund manager for the IFI Europe. He began his investment career with Invesco in 2002, moving to the fixed income team in 2003. He became a fund manager in 2014. He manages high yield credit portfolios. Rhys holds a BSc (Honours) in Management Science from the University of Manchester Management School. He is a CFA Charterholder. Edward is a fund manager for the IFI Europe. He began his career with KPMG in 2003. In 2008 he moved to The Royal Bank of Scotland, where he worked in structured finance. He joined the fixed income team at Invesco in 2011 as a credit analyst and became a fund manager in 2020, managing multi-asset and high yield funds. Edward holds a Master’s degree in Physics from the University of Bath. He is an FCA qualified chartered accountant. > 1 The business of the Company was originally launched in 1991. It has been maintained through two corporate reconstructions, the most recent of which was in 2012 when the business was transferred to the current corporate entity in Jersey. > 2 The total declared and prospective dividends for the current financial year (12.25p), expressed as a percentage of the trust’s value calculated at the month end close price. The yield is indicative only and is not guaranteed. > 3 Reflects the amount of net borrowings invested, i.e. borrowings less cash. It is based on net borrowings as a percentage of shareholders’ funds. The level of borrowing may be varied from time to time in the light of prevailing circumstances subject to a maximum of 30% of the Company’s total assets at any time. Borrowings may be achieved through repurchase agreements to enhance income. Top 10 issuers % portfolio > UK Treasury Bill 3.75% 07 Mar 2027, 0.5% 22 Oct 2061 4.3 US Treasury Note 1.625% 15 Nov 2050, 4.75% 15 Feb 2056, 3.875% 15 Aug 2033 2.9 Lloyds Banking Group 7.875% FRN Perpetual, 8.5% Cnv FRN Perpetual, 8.5% Cnv FRN 27 Mar 2071 2.3 Nationwide 7.5% Cnv FRN Perpetual, 7.875% FRN Perpetual, 10.25% Perpetual (CCDS) 2.3 Aviva 6.875% Cnv FRN Perpetual, 7.75% FRN Perpetual 2.2 Barclays 8.875% Cnv FRN Perpetual, 9.25% Cnv FRN Perpetual, FRN 14 Nov 2032, 8.5% FRN Perpetual 2.1 Co-Operative Bank 11.75% 22 May 2034, 7.5% FRN 08 Jul 2026, 9.5% Cnv FRN 24 May 2028 (SNR) 2.1 Clariane 6.875% 15 Apr 2031 (SNR), 4.125% FRN Perpetual, 1.875% Cnv FRN Perpetual 1.7 ZF Group 6.125% 13 Mar 2029 (SNR), 7.125% 14 Apr 2030 (SNR), 7% 12 Jun 2030 (SNR), 5.5% 17 Feb 2032 (SNR) 1.7 Thames Water Finance 4.625% 19 May 2026 (SNR), 9.75% 10 Oct 2027, 0% 22 Mar 2027, 8.25% 25 Apr 2040 (SNR), 7.75% 30 Apr 2044 1.6 > Total 23.2 Credit rating breakdown % portfolio > AAA 0.2 CCC 4.4 AA 7.1 CDS -0.3 A1.0 Equity 0.7 BBB 22.0 Not Rated 11.9 BB 26.1 Cash 0.4 B26.5 > Total 100.0 Style Box LTD MOD EXT > HIGH MEDIUM LOW 10 year dividend payment history (pence/share) Dividend Pence/Share 0 5 10 15 10 10 10 10 10 10.75 11.25 11.5 11.68 12.25 16 17 18 19 20 21 22 23 24 25 Financial Years Ending 31 December Source: Morningstar. Please note that this chart may include dividends declared but not yet paid. Past performance is not a guide to future returns Financial calendar and dividend information > Year end 31 December Annual financial report published April Half-yearly financial report published August Dividend payment dates February, May, August and November Annual general meeting June General information > The ordinary shares of the Company are listed on the London Stock Exchange. On an annual basis, shareholder approval is sought to authorise the buy back and issue of shares. This enables the Company to respond to an excess of supply or demand for the Company’s shares in the market. Continuation vote > Annual continuation vote at AGM Fund ratings > - AJ Bell Investment Awards 2024: The AJ Bell Fund and Investment Trust Awards were launched in 2017 and were rebranded to The AJ Bell Investment Awards in 2023. For more information on the awards and the categories, please visit the website: http://investmentawards.ajbell.co.uk/ - RSMR Investment Trust Rating: Rayner Spencer Mills Research (RSMR) provide a wide set of recognised and respected ratings. For more information on RSMR’s ratings, please visit their website: https://www.rsmr.co.uk/our-research/ Further information Client services Telephone 0800 085 8677 Email enquiry@invesco.com Telephone calls may be recorded. www.invesco.co.uk/bips Issued by Invesco Fund Managers Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK Authorised and regulated by the Financial Conduct Authority # Invesco Bond Income Plus Limited # As at 30 April 2026 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. The portfolio has a significant proportion of high-yielding bonds, which are of lower credit quality and may result in large fluctuations in the NAV of the product. The product may invest in contingent convertible bonds which may result in significant risk of capital loss based on certain trigger events. The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall. The product uses derivatives for efficient portfolio management which may result in increased volatility in the NAV. Important information 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. Views and opinions are based on current market conditions and are subject to change. For more information, please refer to the following documents: the Key Information Document (KID), the Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. These documents are available upon request using the contact details shown and on the Company’s website. If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser. Invesco Bond Income Plus Limited has a registered office at JTC House, 28 Esplanade, St Helier, Jersey JE4 2QP, JTC Fund Solutions (Jersey) Limited acts as the administrator, and the Collective Investment Fund is regulated by the Jersey Financial Services Commission. Style box Morningstar classifies bond funds in its style box according to interest-rate sensitivity and average credit quality. The interest-rate sensitivity groups are limited, moderate, and extensive as measured by the average effective duration of a fund's holdings, and the credit-quality groups are high, medium, and low based on letter (or alphanumeric) credit ratings of bond holdings by third-party credit-rating agencies. For more information, please visit Morningstar website: https:// www.morningstar.co.uk/