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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 to Distributors who are directly compensated by investors through separate fee arrangements, and are not allowed to accept and keep trail commissions, either due to regulatory restrictions such as EC Directive 2014/65/EC as amended (commonly referred to as “MiFID II”) or similar laws and regulations or on the basis of contractual arrangements. No initial investment and minimum amount is required to invest. Also available to Capital Group Investors subject to conditions established from time to time by Capital Group. 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 November 2024 (updated monthly)
Number of Issuers	422
Yield to worst-	7.30 %
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.	0.85 %

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Fund Facts

Fund launch date	07 May 1999
Share class launch date	14 November 2012
Fund size	$ 1,594.49m in base currency
Base currency	USD
Dealing frequency	Daily
Dealing cut off time	1:00pm 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.	0.750 %

Vehicle	SICAV Part 1 (UCITS V)
ISA eligibility	Yes
ISIN	LU0817815839
CUSIP	L1407E178
SEDOL	B7XLJG7
Bloomberg	CICHIZE LX
Lipper	68175983
WKN	A1J79E

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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

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Risk indicator

1234567
Lower risk	Higher risk
Potentially lower rewards	Potentially higher rewards

The risk indicator 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 risk indicator 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 risk indicator is featured in the Key Investor Information Document (KIID).