INVESCO PERPETUAL SELECT TRUST PLC: Interim Management Statement

Invesco Perpetual Select Trust plc 


                     Global Equity Income Share Portfolio                      
                               (`the Portfolio')                               
                         Interim Management Statement                          
                   for the Three Months Ended 31 August 2013                    


Material Events

No material events, specifically in relation to the Portfolio, occurred during
the period. The Annual General Meeting of the Company was held on 26 September
2013. All resolutions put to members at the meeting were passed.

.

Dividends

On 18 July 2013 the Directors declared a dividend of 0.80p per Global Equity
Income Share, which was paid on 16 August 2013 to shareholders on the register
on 26 July 2013. The shares were marked ex-dividend on 24 July 2013.

.

Performance - Total Return
                             3 Months     1 Year      3 Year    5 Years


                                                                   
Share Price                      2.3%      38.1%       53.4%      63.0% 
                                                                   
Net Asset Value                 -0.9%      24.1%       42.3%      52.4% 
                                                                   
MSCI World Index (in            -1.5%      20.8%       44.6%      44.3%
sterling)                                                               
Source: Thomson Reuters Datastream 
. 
Share Price and Discount 


                                          As at   For the Three Months Ended   
                                                                               
                                    31 Aug 2013           31 Aug 2013          
                                                                               
                                                     High       Low     Average


                                                                           
Global Equity Income Shares              142.40    145.00    135.30      141.20
mid-market price (pence)                                                        
                                                                           
Discount/(Premium)                       (2.5)%                                 
Source: Thomson Reuters Datastream 
. 
Assets and Gearing 
                                      31 Aug 2013 
                                                 
Total Gross Assets (£m)                          43.1 
                                                 
of which Cash (£m)                                  - 
                                                 
Borrowings (£m)                                     - 
                                                 
Cum Income Net Asset Value (pence)              138.9 
                                                 
Gross Gearing                                     nil 
                                                 
Net Cash                                         0.1% 
`Gross Gearing' reflects the amount of gross borrowings in use by the Portfolio
and takes no account of any cash balances. It is based on gross borrowings as a
percentage of shareholders' funds. `Net Cash' reflects the Portfolio's net
exposure to cash and cash equivalents expressed as a percentage of
shareholders' funds after offsetting any borrowings. A 0% (or nil) gearing
percentage shows the Portfolio is ungeared. 
. 
Geographical Breakdown of Portfolio 


                                             31 Aug 2013
                                                        
                                                       %


                                                    
Americas                                            39.7 
                                                    
Europe - ex United Kingdom                          30.5 
                                                    
United Kingdom                                      18.5 
                                                    
Pacific Rim - ex Japan                               6.6 
                                                    
Japan                                                4.7 
. 
Top 10 Holdings 
Ranking   Investments            Country                    % of 
                                                   Portfolio 
                                                            
1         Novartis               Switzerland                 5.0 
                                                            
2         Roche                  Switzerland                 4.2 
                                                            
3         BT                     United Kingdom              3.6 
                                                            
4         Microsoft              United States               3.5 
                                                            
5         Reed Elsevier          Netherlands                 3.4 
                                                            
6         Pfizer                 United States               3.3 
                                                            
7         HSBC                   United Kingdom              3.3 
                                                            
8         United Technologies    United States               3.0 
                                                            
9         Pearson                United Kingdom              2.8 
                                                            
10        British American       United Kingdom              2.7 


          Tobacco                                               

.

Changes to Share Capital in the three months ended 31 August 2013:
                                       Global Equity Income Shares of 1p each
                                                     Issued          Treasury


                                                                         
As at 31 May 2013                                30,952,286         4,488,000 
                                                                         
Global Equity Income shares bought                        0                 0
back                                                                          
                                                                         
Global Equity Income shares issued                        0                 0 
                                                                         
Global Equity Income net conversions                109,165                 0 
                                                                         
Global Equity Income shares cancelled                     0                 0 
                                                                         
As at 31 August 2013                             31,061,451         4,488,000 
There have been no changes to Global Equity Income Share Capital since 31
August 2013. 
. 
Price and Performance 
The Company's Global Equity Income Shares are listed on the London Stock
Exchange and the price is published in the Financial Times under `Investment
Companies' and in the Daily Telegraph under `Investment Trusts'. 
The Portfolio's net asset value is calculated on a daily basis and can be
viewed on the London Stock Exchange website at www.londonstockexchange.com. 
Further information can be obtained from Invesco Perpetual as follows: 
Free Investor Helpline: 0800 085 8677 
Internet address: www.invescoperpetual.co.uk/investmenttrusts 
The information provided in this statement should not be considered as a
financial promotion. 
For and on behalf of
Invesco Asset Management Limited
Corporate Company Secretary 
26 September 2013 
Registered Office
30 Finsbury Square, London, EC2A 1AG
Telephone: 020 7065 4000
Facsimile: 020 7065 3166
Registered in England No 5916642
An Investment Company under Section 833
of the Companies Act 2006 
END 
-0- Sep/26/2013 14:34 GMT
 
 
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