CT European High Yield Bond - CLOSED Class Z Gross Acc

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

Performance

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Top 10 Holdings

Stock % Weight
SOFTBANK GROUP CORP 5.00 15/04/2028 1.27
ALTICE FRANCE SA 5.875 01/02/2027 1.04
TELEFONICA EUROPE BV 6.75 1.03
IQVIA INC 3.25 15/03/2025 1.00
CREDIT SUISSE 5.75 18/09/2025 0.99
ALTICE LUXEMBOURG SA 7.25 15/05/2022 0.91
ORIGIN ENERGY FINANCE 4.00 16/09/2074 0.91
FIAT CHRYSLER FINANCE EU 6.75 14/10/2019 0.90
TELEFONICA EUROPE BV 3.75 0.88
ARDAGH PKG FIN/HLDGS USA 6.75 15/05/2024 0.85
Total 9.78

Fund Aims

The Fund aims to achieve total return. Over time this will be predominantly by way of income. The Fund invests primarily in corporate fixed interest securities of corporates with higher risk (that is non-investment grade credit) issued predominantly in Euro or Sterling. Where securities are non-Euro denominated it is intended they will typically be hedged into Euro. The Fund will invest predominantly in issues issued by companies domiciled in Europe, or with significant European operations. If desirable, the Fund may further invest in other securities (including fixed interest securities, other equities and money market securities).

Fund Manager

Gareth Simmons manager for 6 years and 10 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.

Roman Gaiser manager for 6 years and 10 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.

Barrie Whitman manager for 7 years and 2 months

Photo of Barrie Whitman Barrie Whitman joined the company in 1999 and is currently Head of Corporate Credit, EMEA, with responsibility for our high yield and investment grade fixed income teams 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.

Fund Overview

Mid (05/10/2018) 155.52p
Distribution yield 3.78%
Underlying yield -
Fund size -
Number of holdings 436
Entry Charge 3.00%
Ongoing Charges 0.73%
Launch date 01/10/2012

Asset Allocation

pie chart
  International Bonds 77.09%
  UK Corporate Bonds 18.97%
  Cash and Equivalents 2.30%
  Other Assets 1.64%
Portfolio data accurate as at: 30/09/18

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 77.09%
  UK Corporate Bonds 18.97%
  Cash and Equivalents 2.30%
  Other Assets 1.64%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 96.06% - - -
 
Cash and Equivalents 2.29% - - -
 
Non-Classified 1.64% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 57.62%
  UK 19.63%
  North America 13.84%
  Non-Classified 3.40%
  Cash and Equivalents 2.29%
  Japan 1.63%
  Australia & New Zealand 0.91%
  South & Central America 0.67%

Fixed Interest Currencies

pie chart
  Euro 70.98%
  Pound Sterling 19.88%
  US Dollar 5.20%
  Cash 2.19%
  Non-Fixed Interest Assets 1.75%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 57.62% -
 
Netherlands - 13.95%
 
Luxembourg - 9.72%
 
France - 8.72%
 
Germany - 6.75%
 
Ireland - 6.05%
 
Italy - 5.55%
 
Switzerland - 3.56%
 
Sweden - 1.22%
 
Spain - 1.18%
 
Belgium - 0.55%
 
Portugal - 0.37%
 
UK 19.63% -
 
United Kingdom - 18.97%
 
Jersey - 0.66%
 
North America 13.84% -
 
United States - 11.91%
 
Canada - 1.93%
 
Non-Classified 3.40% -
 
Cash and Equivalents 2.29% -
 
Japan 1.63% -
 
Japan - 1.63%
 
Australia & New Zealand 0.91% -
 
Australia - 0.91%
 
South & Central America 0.67% -
 
Mexico - 0.67%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
58.79%
5Yr - 10Yr Maturity
 
 
30.70%
10Yr - 15Yr Maturity
 
 
1.91%
> 15Yr Maturity
 
 
4.66%
Cash And Equivalents
 
 
2.29%
Unknown Maturity
 
 
1.51%
Other Asset Types
 
 
0.13%

Fixed Interest Quality Profile

BBB
 
 
4.16%
Sub-Investment Grade
 
 
57.84%
Unknown Quality
 
 
34.06%
Cash and Equivalents
 
 
2.29%
Other Asset Types
 
 
1.64%

Top 10 Holdings

Stock % Weight Sector Country
1 SOFTBANK GROUP CORP 5.00 15/04/2028 1.27% Bonds Japan
2 ALTICE FRANCE SA 5.875 01/02/2027 1.04% Bonds France
3 TELEFONICA EUROPE BV 6.75 1.03% Fixed Line Telecommunications Netherlands
4 IQVIA INC 3.25 15/03/2025 1.00% Bonds United States
5 CREDIT SUISSE 5.75 18/09/2025 0.99% Banks Switzerland
6 ALTICE LUXEMBOURG SA 7.25 15/05/2022 0.91% Fixed Line Telecommunications Luxembourg
7 ORIGIN ENERGY FINANCE 4.00 16/09/2074 0.91% Gas, Water & Multiutilities Australia
8 FIAT CHRYSLER FINANCE EU 6.75 14/10/2019 0.90% Automobiles & Parts Ireland
9 TELEFONICA EUROPE BV 3.75 0.88% Fixed Line Telecommunications Netherlands
10 ARDAGH PKG FIN/HLDGS USA 6.75 15/05/2024 0.85% General Industrials Ireland

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 B6RRFW2
Mex Code ADSAAR
Isin Code GB00B6RRFW23
Citi Code G7CU

Fund Charges

Entry Charge 3.00%
Ongoing Charges 0.73%

Aims and Benchmark

Aims The Fund aims to achieve total return. Over time this will be predominantly by way of income. The Fund invests primarily in corporate fixed interest securities of corporates with higher risk (that is non-investment grade credit) issued predominantly in Euro or Sterling. Where securities are non-Euro denominated it is intended they will typically be hedged into Euro. The Fund will invest predominantly in issues issued by companies domiciled in Europe, or with significant European operations. If desirable, the Fund may further invest in other securities (including fixed interest securities, other equities and money market securities).
Benchmark Merrill Lynch European Currency High Yield (3%) Constrained Index ex Subordinated Financials (Hedged to EUR)
Benchmark Category -
IA Sector Global Bonds

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £0.50
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Annually
Distribution Type Interest
Distribution Payment Basis Gross

Distribution Dates

Ex dividend date(s) Income payment date(s)
08 March 07 May

Ratings

FE Crown Crown Rating of 3

Effect of Deductions

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

Fund Administration

Fund Trustee/Depository Citibank
Fund Administrator Citibank
Fund Registrar IFDS
Fund Custodian Citibank

Group Details

Group name Columbia Threadneedle Investment Funds (UK) ICVC
Group address Cannon Place 78 Cannon Street London EC4N 6AG
Group telephone 0800 068 4000
Dealing telephone 0800 068 4000
Email -
Homepage www.columbiathreadneedle.com
Fax number 0800 068 4001

Dealing

Minimum Investment £1000000
Minimum Top Up £50000
Minimum Regular Saving -
Settlement Period: Buy 4 days
Settlement Period: Sell 4 days
Pricing Basis Forward
Dealing Decimals 2

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.