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 Simmonsmanager
for
6 years
and 10 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.
Roman Gaisermanager
for
6 years
and 10 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.
Barrie Whitmanmanager
for
7 years
and 2 months
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
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
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
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
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
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.