CT High Yield Bond Class Z (Gross) Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 3.7% | 2.9% | -9.2% | 8.4% | 11.5% |
| Sector | 3.7% | 4.5% | -9.1% | 7.8% | 11.5% |
| Rank | 15/26 | 21/28 | 15/29 | 12/29 | 17/29 |
| Quartile | 3 | 3 | 2 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.1% | 3.2% | 4.2% | |
| Sector | 3.0% | 3.4% | 3.7% | |
| Rank | 15/29 | 17/26 | 10/22 | |
| Quartile | 2 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| LORCA TELECOM BONDCO 4.00 18/09/2027 | 1.07 |
| MARKET BIDCO FINCO PLC 5.50 04/11/2027 | 0.96 |
| INPOST SA 2.25 15/07/2027 | 0.96 |
| BELLIS ACQUISITION CO PL 8.125 14/05/2030 | 0.93 |
| EMRLD BOR / EMRLD CO-ISS 6.375 15/12/2030 | 0.92 |
| INEOS FINANCE PLC 6.375 15/04/2029 | 0.87 |
| 888 ACQUISITIONS LTD 7.558 15/07/2027 | 0.81 |
| TELEFONICA EUROPE BV 3.875 | 0.78 |
| TELEFONICA EUROPE BV 5.752 | 0.75 |
| EDP SA 5.943 23/04/2083 | 0.74 |
| Total | 8.79 |
Fund Aims
The Fund aims to achieve a higher level of income. Income will be paid monthly. The Fund invests principally in higher risk UK and international fixed interest securities. It may also invest in equities.
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.
David Backhouse is a portfolio manager in the dedicated High Yield Bond team. He joined the company in 2003 as an investment analyst, specialising in non-investment grade credits. Before joining the company, David worked for Gartmore as a credit analyst. He has also worked for UBK Asset Management as a senior Telecommunications analyst and Ernst & Young as an auditor.He holds a BEng (Hons) degree in electrical and electronic engineering from UMIST and is a qualified chartered accountant. David is a member the Institute of Chartered Accountants in England and Wales.
Fund Overview
| Mid (20/12/2024) | 96.15p |
| Distribution yield | 5.23% |
| Underlying yield | - |
| Fund size (31/10/2024) | £345.96m |
| Number of holdings | 320 |
| Entry Charge | 3.00% |
| Ongoing Charges | 0.73% |
| Launch date | 24/09/2013 |
Asset Allocation
| International Bonds | 82.23% | |
| UK Corporate Bonds | 17.34% | |
| Other Assets | 0.43% |
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 | 82.23% | |
| UK Corporate Bonds | 17.34% | |
| Other Assets | 0.43% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 99.57% | - | - | - | |
| Non-Classified | 0.43% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 66.49% | |
| UK | 17.34% | |
| Non-Classified | 7.44% | |
| North America | 6.17% | |
| South & Central America | 0.98% | |
| Emerging Europe | 0.85% | |
| Japan | 0.74% |
Fixed Interest Currencies
| Euro | 85.47% | |
| Pound Sterling | 13.16% | |
| US Dollar | 0.94% | |
| Non-Fixed Interest Assets | 0.43% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 66.49% | - | |
France
|
- | 13.84% | |
Netherlands
|
- | 13.22% | |
Germany
|
- | 11.59% | |
Luxembourg
|
- | 9.83% | |
Italy
|
- | 6.03% | |
Sweden
|
- | 4.07% | |
Spain
|
- | 3.79% | |
Portugal
|
- | 2.58% | |
Belgium
|
- | 1.02% | |
Ireland
|
- | 0.29% | |
Denmark
|
- | 0.22% | |
| UK | 17.34% | - | |
United Kingdom
|
- | 17.34% | |
| Non-Classified | 7.44% | - | |
| North America | 6.17% | - | |
United States
|
- | 5.92% | |
Canada
|
- | 0.25% | |
| South & Central America | 0.98% | - | |
Mexico
|
- | 0.98% | |
| Emerging Europe | 0.85% | - | |
Poland
|
- | 0.49% | |
Greece
|
- | 0.35% | |
| Japan | 0.74% | - | |
Japan
|
- | 0.74% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
57.07% |
| 5Yr - 10Yr Maturity |
|
22.60% |
| 10Yr - 15Yr Maturity |
|
0.11% |
| > 15Yr Maturity |
|
19.79% |
| Unknown Maturity |
|
0.43% |
Fixed Interest Quality Profile
| A |
|
0.50% |
| BBB |
|
5.92% |
| Sub-Investment Grade |
|
39.21% |
| Unknown Quality |
|
53.95% |
| Other Asset Types |
|
0.43% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LORCA TELECOM BONDCO 4.00 18/09/2027 | 1.07% | Bonds | Spain |
| 2 | MARKET BIDCO FINCO PLC 5.50 04/11/2027 | 0.96% | Bonds | United Kingdom |
| 3 | INPOST SA 2.25 15/07/2027 | 0.96% | Bonds | Luxembourg |
| 4 | BELLIS ACQUISITION CO PL 8.125 14/05/2030 | 0.93% | Bonds | United Kingdom |
| 5 | EMRLD BOR / EMRLD CO-ISS 6.375 15/12/2030 | 0.92% | Bonds | United States |
| 6 | INEOS FINANCE PLC 6.375 15/04/2029 | 0.87% | Bonds | United Kingdom |
| 7 | 888 ACQUISITIONS LTD 7.558 15/07/2027 | 0.81% | Bonds | United Kingdom |
| 8 | TELEFONICA EUROPE BV 3.875 | 0.78% | Bonds | Netherlands |
| 9 | TELEFONICA EUROPE BV 5.752 | 0.75% | Bonds | Netherlands |
| 10 | EDP SA 5.943 23/04/2083 | 0.74% | Bonds | Portugal |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 | B99MVQ2 |
| Mex Code | DDTI24 |
| Isin Code | GB00B99MVQ21 |
| Citi Code | J6HD |
Fund Charges
| Entry Charge | 3.00% |
| Ongoing Charges | 0.73% |
Aims and Benchmark
| Aims | The Fund aims to achieve a higher level of income. Income will be paid monthly. The Fund invests principally in higher risk UK and international fixed interest securities. It may also invest in equities. |
| Benchmark | Merrill Lynch European Currency High Yield (3%) Constrained Index ex Subordinated Financials (Hedged to £) |
| Benchmark Category | - |
| IA Sector | £ High Yield |
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 | Monthly |
| Distribution Type | Interest |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 08 December | 04 January |
| 08 January | 04 February |
| 08 February | 04 March |
| 08 March | 04 April |
| 08 April | 04 May |
| 08 May | 04 June |
| 08 June | 04 July |
| 08 July | 04 August |
| 08 August | 04 September |
| 08 September | 04 October |
| 08 October | 04 November |
| 08 November | 04 December |
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 |
| Group address | Cannon Place 78 Cannon Street London EC4N 6AG |
| Group telephone | 0800 068 4000 |
| Dealing telephone | 0800 068 4000 |
| - | |
| 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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.