fund

CT HIGH YIELD BOND C1 GROSS

Invests primarily in pan European high yield corporate bonds. Euro exposure is hedged to sterling.

PRICE (INC)

37.32p

PRICE (ACC)

-

INITIAL CHARGE

3.75%

0%

ANNUAL MANAGEMENT CHARGE

1.25%

ONGOING CHARGE

1.34%

YIELD

4.9%

1 YEAR

8.83%

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Prices as at 01 Dec 2023.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The Fund aims to provide income. It looks to outperform the ICE BofA European Currency High Yield Excluding Subordinated Financials Constrained (Hedged to Sterling) Index over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least two-thirds of its assets in bonds issued by companies worldwide that are denominated in euros (EUR) or sterling (GBP) and rated below investment grade. The Fund may invest to a lesser extent in bonds denominated in currencies other than euro and sterling, bonds of other credit quality (as well as unrated bonds) and bonds issued by governments and quasi-government entities. Non-sterling bonds are typically hedged into sterling.

Fund summary

Sector	£ High Yield
Structure	OEIC
Launched	December 2003
Size	£532m
Yield	4.9%
Dividends paid	4th day of each month

Charges

Standard Initial Charge	3.75%
Initial Charge Via BestInvest	0%
Additional Bid/Offer Spread	0%
Annual Management Charge	1.25%
Ongoing Charges Figure	1.34%

Investment Process

A plain vanilla high yield corporate bond fund, investing mainly in euro and sterling denominated issues, although other currencies can be included. Quasi equity securities are not considered. The essential driver of fund performance is bottom up credit analysis, which includes covenant structure, company valuation, financial analysis and business analysis. Credit analysis is subsequently combined with a top-down sector/industry overlay to finalise the company specific credit opinion. This work enables the team to assess relative value and is combined with portfolio risk management to determine the final stock selection. The reference benchmark is the Merrill Lynch European High Yield ex Subordinated Financials, 3% constrained, hedged into sterling.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning