Description

Asset class
Fixed Income
Investment objective
The fund seeks to provide, over the long term, a high level of total return, of which a large component is current income by investing in emerging market government bonds and corporate high yield bonds from around the world.
Share class explanation
Available for individual investors investing either with the assistance of Distributors or directly. No initial investment and minimum amount is required to invest. A sales charge up to 5.25% may be withheld by Distributors and other Intermediaries or by the Management Company, from any amount to be invested in Shares (a switch from one Fund to another is deemed a sale for this purpose).
Countries registered
Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, United Kingdom
Domicile
Luxembourg

As at 30 June 2021 (updated monthly)
Number of Issuers339
Gross income yieldThe return on an investment before the deduction of taxes and expenses.
5.31 %
Total expense ratioA measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and additional operating expenses, such as custody, fund administration, legal, fund registration, regulatory services and auditor fees, and other related operational expenses. Data is likely to evolve over time and does not constitute a commitment from the management company. Past results are not a guarantee of future results.
1.65 %


Fund Facts

Fund launch date07 May 1999
Share class launch date15 January 2001
Fund size$ 1,577.89m
in base currency
Base currencyUSD
Dealing frequencyDaily
Dealing cut off time1:00pm CET on every Valuation Date
Distribution policyAny income generated from a fund is automatically invested back into it and reflected by an increase in the share price.
Accumulating
IndexThe information in relation to the index is provided for context and illustration only. This fund is an actively managed UCITS. It is not managed in reference to a benchmark index.
50% Bloomberg Barclays US Corporate High Yield 2% Issuer Capped Total Return / 20% JPMorgan EMBI Global Total Return / 20% JPM GBI-EM Global Diversified Total Return / 10% JPM CEMBI Broad Diversified Total Return
Index History
Previously 50% JPMorgan EMBI Global / 50% Bloomberg Barclays US High Yield 2% Issuer Cap Index from 31 Jan 2010 to 31 Dec 2012, 50% JPMorgan EMBI Global / 50% JPMorgan Global High Yield Index from 31 Oct 2009 to 31 Jan 2010, 50% JPMorgan EMBI Global Diversified / 50% JPMorgan Global High Yield Index from 31 Jul 2004 to 31 Oct 2009, 100% Bloomberg Barclays Global High Yield Bond Index from 31 Aug 2000 to 31 Jul 2004, 50% CSFB High Yield / 50% JPMorgan EMBI from 31 Dec 1999 to 31 Aug 2000 and 50% CSFB High Yield / 50% JPMorgan EMBI+ from inception to 31 Dec 1999.
Management fee (pa.)The charges that are collected by the management company in order to compensate the Investment Advisers for their investment advisory services, as well as, where applicable, Distributors and other intermediaries, for services to investors or similar services in relation to investments made with their assistance. Additionally, entry charges may apply according to provisions described in the Prospectus.
1.500 %
VehicleSICAV Part 1 (UCITS V)
ISA eligibilityYes
ISINLU0110450813
CUSIPL1409B115
SEDOL7220760
BloombergCAPIGB1 LX
Lipper60077375
WKN940125


Investment team

David Daigle

New York26 years with Capital

Robert Neithart

Los Angeles33 years with Capital

Kirstie Spence

London25 years with Capital

Shannon Ward

Los Angeles4 years with Capital


Risk profile

Synthetic Risk & Reward Indicator (SRRI)

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Lower riskHigher risk
Potentially lower rewardsPotentially higher rewards
The Synthetic Risk & Reward Indicator (SRRI) is a measure of the overall risk and reward profile of a fund. Funds are categorised on a scale from 1 to 7 where 1 is the lowest risk and 7 is the highest. Typically, the SRRI is derived from the volatility of the past returns over a five year period. Historical data, such as is used in calculating this indicator, may not be a reliable indication for the future. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean risk free. The SRRI is featured in the Key Investor Information Document (KIID).