Description

Asset class
Fixed Income
Investment objective
The Fund's investment objective is to provide a high level of current income. Its secondary investment objective is capital appreciation. In pursuing its investment objective, the Fund invests generally in corporate High Yield Bonds, corporate Investment Grade Bonds, Emerging Market Bonds and mortgage and asset backed securities. The proportion of securities held by the Fund within each of these sectors will vary with market conditions and the Investment Adviser's assessment of their relative attractiveness as investment opportunities. The Fund may opportunistically invest in other sectors, including, but not limited to, U.S. government debt, municipal debt and non-corporate credit, in response to market conditions. In addition to the integration of Sustainability Risks as part of the Investment Adviser's investment decision-making process, the Fund also promotes environmental and/or social characteristics through the application of the following binding processes. 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, Cyprus, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, United Kingdom
Domicile
Luxembourg

As at 31 October 2024 (updated monthly)
Number of Issuers522
Yield to worst-
6.40 %
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.
0.62 %

Fund Facts

Fund launch date29 November 2022
Share class launch date29 November 2022
Fund size$ 1,410.21m
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.
45% Bloomberg US Corporate High Yield 2% Issuer Capped Index, 30% Bloomberg US Corporate Index, 15% JPMorgan EMBI Global Diversified Index, 8% Bloomberg Non-Agency CMBS Ex AAA Index & 2% Bloomberg ABS Ex AAA Index
Index History
Previously 45% Bloomberg US Corporate High Yield 2% Issuer Capped Index, 30% Bloomberg US Corporate Index, 15% JPMorgan EMBI Global Diversified Index, 8% Bloomberg CMBS Ex AAA Index and 2% Bloomberg ABS Ex AAA Index from fund inception to 30 September 2023.
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.
0.520 %
VehicleSICAV Part 1 (UCITS V)
ISA eligibilityYes
ISINLU2530432884
CUSIPL1409B370
SEDOLBMV81S1
BloombergCAPMULP LX
Lipper68735175
WKNA3D1GS

Investment team

Xavier Goss

Los Angeles3 years with Capital

Damien J. McCann

Los Angeles24 years with Capital

Kirstie Spence

London28 years with Capital

Scott Sykes

New York18 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).