CT (Lux) European High Yield Bond Class 3GP Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/04/19
to
30/04/20		 30/04/20
to
30/04/21		 30/04/21
to
30/04/22		 30/04/22
to
30/04/23		 30/04/23
to
30/04/24
Fund -2.6% 13.3% -9.7% 2.2% 6.2%
Sector -4.5% 13.3% -8.6% 3.4% 6.5%
Rank 9/42 27/46 29/47 37/52 28/52
Quartile 1 3 3 3 3

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund -0.7% 1.6% 3.3%
Sector 0.2% 1.7% 2.8%
Rank 33/46 22/41 10/24
Quartile 3 3 2

Top 10 Holdings

Stock % Weight
BLACKROCK ICS EUR LIQ – ACC T0 1.43
BELLIS ACQUISITION CO PL 3.25 16/02/2026 1.16
LORCA TELECOM BONDCO 4.00 18/09/2027 1.15
FORVIA SE 2.375 15/06/2027 1.08
PINEWOOD FINANCE CO LTD 3.25 30/09/2025 1.03
INPOST SA 2.25 15/07/2027 0.95
TELEFONICA EUROPE BV 3.875 0.94
ELECTRICITE DE FRANCE SA 5.00 0.89
MAHLE GMBH 2.375 14/05/2028 0.86
TELECOM ITALIA SPA 7.875 31/07/2028 0.82
Total 10.30

Fund Aims

The European High Yield Bond Portfolio seeks to achieve a total return from income and capital appreciation by investing principally in Euro or Sterling denominated fixed income securities that are rated below Investment Grade. The Portfolio will principally invest in fixed income securities issued by companies domiciled in Europe, or with significant European operations. The Portfolio may invest in CoCos (not exceeding 10% of the Portfolio’s Net Asset Value). The Portfolio may use financial derivative instruments for hedging purposes. Typically, where securities are denominated in a currency other than Euro it is intended that they will typically be hedged back into Euro. The weighted average credit rating is expected to be BB- as rated by S&P or Fitch or the Moody’s equivalent of Ba3.

Fund Manager

Roman Gaiser manager for 5 years and 7 months

Photo of Roman Gaiser Roman Gaiser is the Head of Portfolio Management, High Yield, EMEA having re-joined Columbia Threadneedle Investments in 2018. Based in London, Roman is responsible for the performance of Columbia Threadneedle’s European high yield portfolios. He has over 20 years of experience of European corporate credit and more than 18 years of experience in running European high yield portfolios. Roman worked at the company before as a high yield portfolio manager between 2005 and 2011. Since 2011. he was Head of High Yield at Pictet Asset Management, in charge of its European high yield and European short-term high yield bond strategies. Previously, he has worked as a portfolio manager at F&C in London and as an analyst for Bankgesellschaft in Berlin.

Gareth Simmons manager for 5 years and 8 months

Photo of Gareth Simmons Gareth Simmons joined the company in 2011 and is currently a portfolio manager and investment analyst in the European High Yield Bond Team. His portfolio management responsibilities include the management of an enhanced ESG (Environmental, Social & Governance) high yield strategy. As a senior investment analyst he also has specific responsibility for the telecom, media and technology (TMT) sectors. Prior to joining the company, Gareth was a sell-side TMT credit analyst at Morgan Stanley. Gareth has a BSc (Hons) in Natural Sciences from the University of Durham and he also holds the Investment Management Certificate.

Fund Overview

Mid (02/05/2024) £8.42
Historic yield -
Fund size (29/02/2024) £287.68m
Number of holdings 314
Entry Charge 3.00%
Ongoing Charges 0.77%
Launch date 29/08/2018

Asset Allocation

pie chart
  International Bonds 81.08%
  UK Corporate Bonds 16.69%
  Cash and Equivalents -0.15%
  Other Assets 2.38%
Portfolio data accurate as at: 29/02/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 81.08%
  UK Corporate Bonds 16.69%
  Cash and Equivalents -0.15%
  Other Assets 2.38%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 97.77% - - -
 
 Non-Classified 2.38% - - -
 
 Cash and Equivalents -0.15% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 65.62%
  UK 16.69%
  Non-Classified 9.53%
  North America 5.89%
  Emerging Europe 2.42%
  Cash and Equivalents -0.15%

Fixed Interest Currencies

pie chart
  Euro 82.94%
  Pound Sterling 13.84%
  Non-Fixed Interest Assets 2.38%
  US Dollar 0.99%
  Cash -0.15%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Developed Europe - Excl UK 65.62% -
 
 France - 15.28%
 
 Netherlands - 12.78%
 
 Germany - 10.35%
 
 Luxembourg - 8.29%
 
 Spain - 6.30%
 
 Italy - 6.22%
 
 Sweden - 2.39%
 
 Portugal - 1.83%
 
 Ireland - 1.27%
 
 Belgium - 0.70%
 
 Denmark - 0.20%
 
 UK 16.69% -
 
 United Kingdom - 16.69%
 
 Non-Classified 9.53% -
 
 North America 5.89% -
 
 United States - 5.61%
 
 Canada - 0.28%
 
 Emerging Europe 2.42% -
 
 Greece - 1.24%
 
 Poland - 0.63%
 
 Romania - 0.55%
 
 Cash and Equivalents -0.15% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
63.28%
5Yr - 10Yr Maturity
 
 
16.21%
10Yr - 15Yr Maturity
 
 
0.10%
> 15Yr Maturity
 
 
18.18%
Cash And Equivalents
 
-0.15%
Unknown Maturity
 
 
2.38%

Fixed Interest Quality Profile

A
 
 
0.37%
BBB
 
 
7.90%
Sub-Investment Grade
 
 
40.72%
Unknown Quality
 
 
48.77%
Cash and Equivalents
 
-0.15%
Other Asset Types
 
 
2.38%

Top 10 Holdings

Stock % Weight Sector Country
1 BLACKROCK ICS EUR LIQ – ACC T0 1.43% Non-Classified Non-Classified
2 BELLIS ACQUISITION CO PL 3.25 16/02/2026 1.16% Bonds United Kingdom
3 LORCA TELECOM BONDCO 4.00 18/09/2027 1.15% Bonds Spain
4 FORVIA SE 2.375 15/06/2027 1.08% Bonds France
5 PINEWOOD FINANCE CO LTD 3.25 30/09/2025 1.03% Bonds United Kingdom
6 INPOST SA 2.25 15/07/2027 0.95% Bonds Luxembourg
7 TELEFONICA EUROPE BV 3.875 0.94% Bonds Netherlands
8 ELECTRICITE DE FRANCE SA 5.00 0.89% Bonds France
9 MAHLE GMBH 2.375 14/05/2028 0.86% Bonds Germany
10 TELECOM ITALIA SPA 7.875 31/07/2028 0.82% Bonds Italy

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code BF50Y74
Mex Code COHRD
Isin Code LU1829333845
Citi Code P4FD

Fund Charges

Entry Charge 3.00%
Ongoing Charges 0.77%

Aims and Benchmark

Aims The European High Yield Bond Portfolio seeks to achieve a total return from income and capital appreciation by investing principally in Euro or Sterling denominated fixed income securities that are rated below Investment Grade. The Portfolio will principally invest in fixed income securities issued by companies domiciled in Europe, or with significant European operations. The Portfolio may invest in CoCos (not exceeding 10% of the Portfolio’s Net Asset Value). The Portfolio may use financial derivative instruments for hedging purposes. Typically, where securities are denominated in a currency other than Euro it is intended that they will typically be hedged back into Euro. The weighted average credit rating is expected to be BB- as rated by S&P or Fitch or the Moody’s equivalent of Ba3.
Benchmark ML European Currency High Yield Constrained ex Sub Fin (Hedged to EUR)
Benchmark Category -
IA Sector Global Bonds

Fund Background

Valuation frequency Daily
Valuation point 15:00
Fund type SICAV
Launch price £10.00
Fund currency Pound Sterling
Fund domicile Luxembourg
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Annually
Distribution Type No income
Distribution Payment Basis Net

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository Other
Fund Administrator Other
Fund Registrar Other
Fund Custodian Other

Group Details

Group name Columbia Threadneedle (Lux) I
Group address Cannon Place 78 Cannon Street London EC4N 6AG
Group telephone 0800 068 4000
Dealing telephone -
Email questions@service.columbiathreadneedle.co.uk
Homepage www.columbiathreadneedle.com
Fax number -

Dealing

Minimum Investment -
Minimum Top Up -
Minimum Regular Saving -
Settlement Period: Buy -
Settlement Period: Sell -
Pricing Basis None
Dealing Decimals -

Important Information

Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.