Threadneedle European High Yield Bo
Latest (Mid) Price:
CHF 1.67
Day Change:
-0.16%
| Shares Class | Inc. |
|---|---|
| Yield | 3.80 |
| Total Expense Ratio | 0.00 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 667,053,900.77 | Launch Date | 07/03/2000 | Standard Initial Charge (%) | 5.00 |
|---|---|---|---|---|---|
| Currency | CHF | ISA Eligible | Yes | Annual Management Charge (%) | 0.60 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,500,000.00 | Total Expense Ratio (%) | 0.00 |
| ISIN | GB00BYNBTS84 | Min Topup (£) | 75,000.00 | Ongoing Charge (%) | 0.7300 (on 07/03/2018) |
Fund Objective
The aim of the Fund is to provide income with the potential to grow the amount you invested.The Fund invests at least two-thirds of its assets in high income paying Euro or British Pound bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in Europe or companies that have significant operations there.High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income.Where the Fund invests in bonds that are not priced in Euro, the Fund may take measures that aim to mitigate the risk of currency movements against the Euro.The Fund may also invest in asset classes and instruments different from those stated above.
Fund Managers
Barrie Whitman
Barrie Whitman joined the company in 1999 and is currently Head of High Yield, EMEA, with responsibility for our high yield fixed income team in London. He manages the Threadneedle High Yield Bond, European High Yield Bond and Strategic Bond Funds as well as a number of institutional mandates. He is also co-manager of the Threadneedle Credit Opportunities Fund.Barrie began his investment career in 1987 at United Bank of Kuwait as a credit analyst specialising in high yield bond investment. In 1990 he became a high yield fund manager and, in 1996, CIO for High Yield Investments. He then moved to Standard Bank London in 1997 as Head of European High Yield and Distressed Debt.Barrie graduated in 1982 with a BSc in Economics and Accounting from Hull University and qualified as a Chartered Accountant in 1986. He is also a member of the Institute of Chartered Accounts in England and Wales.
Asset Breakdown
| Name | Weight |
|---|---|
| Cash & Cash Equivalents | 1.30% |
| Cash Derivatives | 2.80% |
| European Fixed Interest | 90.10% |
| Money Market | 5.80% |
Region Breakdown
Sector Breakdown
| Name | Weight |
|---|---|
| Automotive | 5.70% |
| Banks | 7.70% |
| Basic Industries | 6.60% |
| Capital Goods | 6.30% |
| Financial Services | 5.30% |
| Health Care | 7.30% |
| Leisure | 4.10% |
| Media | 10.50% |
| Money Market | 9.90% |
| Others | 11.80% |
| Retail | 5.80% |
| Services | 6.80% |
| Telecommunications | 12.20% |
Top 10 Holdings
| Name | Weight |
|---|---|
| TELECOM ITALIA SPA(NEW) | 3.00% |
| TELEFONICA EUROPE BV | 1.80% |
| SOFTBANK GROUP CORP | 1.60% |
| TEVA PHARMACEUTICAL FINANCE NE | 1.60% |
| ARDAGH | 1.50% |
| IHO VERWALTUNGS GMBH | 1.40% |
| TESCO | 1.30% |
| VIRGIN MEDIA INC | 1.30% |
| FIAT SPA | 1.20% |
| ALTICE SA | 1.10% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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