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 Gaisermanager
for
5 years
and 7 months
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 Simmonsmanager
for
5 years
and 8 months
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
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
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
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
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.