BNY Mellon Global High Yield Bond W Net

Minimum two-thirds in high yield bonds to produce a high income.

  • 96.91p Price (Inc)
  • 138.69p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.50% Annual management charge
  • 0.58% Ongoing charges
  • 4.30% Yield

Fund data last updated 21 November 2019

A focused portfolio of predominantly high-yield, and higher risk, Pan-European bonds.

Fund summary

Sector £ High Yield
Structure OEIC
Launched September, 2012
Size £159m
Yield 4.30%
Charging basis Capital
Dividends paid Last day of each month

Charges

Initial charge 0.00%
Initial charge via Bestinvestt 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.58%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 -0.92%
  • 17/18 -0.75%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.66%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 15.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Parmeshwar Chadha

Chadha joined the Newton Fixed Income team in the autumn of 2006 and is a fund manager as well as a credit analyst concentrating on high yield rated bonds. Before this she worked at Citigroup and worked in the Global Portfolio Management group concentrating on highly leveraged transactions within the EMEA region. The analysis is based on a combination of the top-down industry analysis as well as bottoms up financial modelling to assess the risk of each issuer. He also uses the fixed income group's existing range of econometric models to model credit markets. Chadha has a BSc in Economics & Politics from London School of Economics.

Track record

Parmeshwar Chadha has 3.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.66%. During the worst period of relative performance (from November 2007 - November 2009) there was a decline of 29% relative to the index. The worst absolute loss has been 34%.

Periods of worst performance

Absolute -34.00% (November 2007 - March 2009)
Relative -29.00% (November 2007 - November 2009)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 31 August 2019

8.56% Ishares Usd H/Y Corp Bond
8.23% Us Treasury
4.99% Sprint Cap Corp
2.86% T-Mobile Us Inc
2.37% New South Wales
1.78% Petrobras Global Finance Bv
1.7% Jaguar Land Rover Automotive Plc
1.66% Unitymedia
1.55% Virgin Media Finance Plc
1.54% Altice Finco S.a.
Source: Trustnet

Sector breakdown

Others 30.00%
Telecommunications 18.00%
Financials 13.00%
Industrials 12.00%
Consumer Goods 11.00%
Media 8.00%
Government Agency Bonds 4.00%
Technology 2.00%
Utilities 1.00%
Asset/Mortgage-Backed Securities 1.00%

Constraints

More than 90% is invested in Sterling and European currency issues. The Gilt portion will be a max of 10% and typically above 5%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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