Description

Asset class
Fixed Income
Investment objective
To provide, over the long term, a high level of total return largely comprised of current income. The secondary investment objective of the Fund is capital appreciation. The Fund invests primarily in USD-denominated corporate High Yield Bonds. These are usually listed or traded on other Regulated Markets. Unlisted securities and other fixed-income securities may also be purchased.
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, Spain, Sweden, Switzerland, United Kingdom
Domicile
Luxembourg

As at 31 October 2023 (updated monthly)
Number of Issuers289
Fund income yieldNet of withholding taxes and before management fees and expenses, divided by average net assets over the past 12 months.
6.73 %
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.
1.42 %

Fund Facts

Fund launch date30 October 2017
Share class launch date30 October 2017
Fund size$ 69.23m
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.
Bloomberg US Corporate High Yield 2% Issuer Capped
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.
1.300 %
VehicleSICAV Part 1 (UCITS V)
ISA eligibilityYes
ISINLU1671579040
CUSIPL1407G355
SEDOLBDZZSP1
BloombergCGUHYLB LX
Lipper68439662
WKNA2DWTB

Investment team

David Daigle

New York28 years with Capital

Shannon Ward

Los Angeles6 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).