Description

Asset class
Fixed Income
Investment objective
To provide, over the long term, a high level of total return, of which a large component is current income. The Fund invests primarily in Emerging Market Bonds and corporate High Yield Bonds from around the world, denominated in USD and various national currencies (including Emerging Markets currencies). These are usually listed or traded on other Regulated Markets. Unlisted securities may also be purchased. In addition to the integration of Sustainability Risks as part of the Investment Adviser's investment decision-making process, the Investment Adviser aims to manage a carbon footprint lower than the Fund's selected index level as specified in the prospectus. The Investment Adviser also evaluates and applies ESG and norms-based screening to implement a negative screening policy relating to the Fund's investments in corporate issuers and sovereign issuers.
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 April 2024 (updated monthly)
Number of Issuers407
Fund income yieldNet of withholding taxes and before management fees and expenses, divided by average net assets over the past 12 months.
7.00 %
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.
1.60 %


Fund Facts

Fund launch date07 May 1999
Share class launch date15 January 2001
Fund size$ 1,464.43m
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 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 York29 years with Capital

Luis Freitas de Oliveira

Geneva30 years with Capital

Kirstie Spence

London28 years with Capital

Shannon Ward

Los Angeles7 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).