CT (Lux) European High Yield Bond Class 3G Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
31/07/24 to 31/07/25 |
|
|---|---|---|---|---|---|
| Fund | 2.3% | -12.0% | 5.1% | 8.2% | 10.3% |
| Sector | 2.3% | -11.3% | 7.3% | 7.9% | 9.8% |
| Rank | 18/39 | 25/43 | 38/43 | 18/43 | 15/49 |
| Quartile | 2 | 3 | 4 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/25 |
5 Years to 31/07/25 |
10 Years to 31/07/25 |
||
| Fund | 7.9% | 2.5% | 5.6% | |
| Sector | 8.3% | 2.9% | 5.2% | |
| Rank | 29/44 | 29/39 | 9/23 | |
| Quartile | 3 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| LORCA TELECOM BONDCO 4.00 18/09/2027 | 1.20 |
| IQVIA INC 2.25 15/01/2028 | 0.89 |
| TELEFONICA EUROPE BV 3.875 | 0.89 |
| EMRLD BOR / EMRLD CO-ISS 6.375 15/12/2030 | 0.87 |
| CALIFORNIA BUYER/ATLANTI 5.625 15/02/2032 | 0.83 |
| VODAFONE GROUP PLC 4.20 03/10/2078 | 0.79 |
| INEOS FINANCE PLC 6.375 15/04/2029 | 0.78 |
| ZF EUROPE FINANCE BV 6.125 13/03/2029 | 0.77 |
| FORVIA SE 2.75 15/02/2027 | 0.76 |
| BEACH ACQUISITION BIDCO 5.25 15/07/2032 | 0.76 |
| Total | 8.52 |
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 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 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 (21/08/2025) | £11.95 |
| Historic yield | - |
| Fund size (31/07/2025) | €253.58m |
| Number of holdings | 306 |
| Entry Charge | 3.00% |
| Ongoing Charges | 0.77% |
| Launch date | 29/08/2018 |
Asset Allocation
| International Bonds | 77.77% | |
| UK Corporate Bonds | 18.54% | |
| Cash and Equivalents | 3.69% |
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.
Asset Allocation
| International Bonds | 77.77% | |
| UK Corporate Bonds | 18.54% | |
| Cash and Equivalents | 3.69% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 96.31% | - | - | - | |
| Cash and Equivalents | 3.69% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 66.29% | |
| UK | 18.54% | |
| North America | 9.22% | |
| Cash and Equivalents | 3.69% | |
| Emerging Europe | 1.02% | |
| Non-Classified | 0.95% | |
| Japan | 0.29% |
Fixed Interest Currencies
| Euro | 83.61% | |
| Pound Sterling | 11.35% | |
| Cash | 3.69% | |
| US Dollar | 1.35% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 66.29% | - | |
France
|
- | 15.71% | |
Germany
|
- | 10.87% | |
Luxembourg
|
- | 10.51% | |
Netherlands
|
- | 10.28% | |
Italy
|
- | 6.35% | |
Sweden
|
- | 4.41% | |
Spain
|
- | 3.46% | |
Portugal
|
- | 2.43% | |
Ireland
|
- | 0.89% | |
Belgium
|
- | 0.84% | |
Austria
|
- | 0.31% | |
Denmark
|
- | 0.21% | |
| UK | 18.54% | - | |
United Kingdom
|
- | 18.54% | |
| North America | 9.22% | - | |
United States
|
- | 9.22% | |
| Cash and Equivalents | 3.69% | - | |
| Emerging Europe | 1.02% | - | |
Poland
|
- | 0.68% | |
Greece
|
- | 0.33% | |
| Non-Classified | 0.95% | - | |
| Japan | 0.29% | - | |
Japan
|
- | 0.29% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
53.85% |
| 5Yr - 10Yr Maturity |
|
23.07% |
| 10Yr - 15Yr Maturity |
|
0.21% |
| > 15Yr Maturity |
|
19.17% |
| Cash And Equivalents |
|
3.69% |
Fixed Interest Quality Profile
| BBB |
|
6.19% |
| Sub-Investment Grade |
|
37.64% |
| Unknown Quality |
|
52.49% |
| Cash and Equivalents |
|
3.69% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LORCA TELECOM BONDCO 4.00 18/09/2027 | 1.20% | Bonds | Spain |
| 2 | IQVIA INC 2.25 15/01/2028 | 0.89% | Bonds | United States |
| 3 | TELEFONICA EUROPE BV 3.875 | 0.89% | Bonds | Netherlands |
| 4 | EMRLD BOR / EMRLD CO-ISS 6.375 15/12/2030 | 0.87% | Bonds | United States |
| 5 | CALIFORNIA BUYER/ATLANTI 5.625 15/02/2032 | 0.83% | Bonds | United Kingdom |
| 6 | VODAFONE GROUP PLC 4.20 03/10/2078 | 0.79% | Bonds | United Kingdom |
| 7 | INEOS FINANCE PLC 6.375 15/04/2029 | 0.78% | Bonds | United Kingdom |
| 8 | ZF EUROPE FINANCE BV 6.125 13/03/2029 | 0.77% | Bonds | Netherlands |
| 9 | FORVIA SE 2.75 15/02/2027 | 0.76% | Bonds | France |
| 10 | BEACH ACQUISITION BIDCO 5.25 15/07/2032 | 0.76% | Bonds | United States |
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 | BF50YH4 |
| Mex Code | COHRL |
| Isin Code | LU1829334736 |
| Citi Code | P4FC |
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 | - |
| - | |
| 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.