For investors in Singapore

High Yield Fund

A high-conviction active high-yield portfolio that focuses on taking the appropriate amount of risk throughout the credit cycle

ISIN
IE0004446971

NAV
USD 30.73
As of 25/11/2020

1-Day Change
USD -0.02 (-0.07%)
As of 25/11/2020

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a high income with the potential for some capital growth over the long term.

More

The Fund invests at least 80% of its assets in US high yield (non-investment grade), Debt Securities or preference shares issued by companies or any other type of issuer.

Less

Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

ABOUT THIS FUND

  • High Conviction: We believe a high-conviction approach is essential to unlocking competitive excess returns and monitoring high-yield risk for our clients. We are focused on taking the appropriate amount of risk throughout the credit cycle by actively managing market exposure and portfolio composition.
  • Research Driven: Our analysts cover issuers across the credit-quality spectrum and capital structure, enabling a complete picture of fundamental credit risk. Analysts function as sector experts and risk managers alongside portfolio managers to identify potential outperformers.
  • Global Resources: This U.S. strategy benefits from our team of global credit experts. Instead of separate teams, we operate as one team globally looking at companies.

PORTFOLIO MANAGEMENT

Seth Meyer, CFA

Multi Sector Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Brent Olson

Portfolio Manager | Credit Analyst

Industry since 1997. Joined Firm in 2017.

Performance

This section is in development. Please refer to the Factsheet link at the top of this page for fund performance.

ANNUAL FEES & EXPENSES (As of Fiscal Year End, 30/06/2020)
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 30/06/2020)
1.91%

Portfolio

Top Holdings (As of 31/10/2020)
% OF FUND
General Electric Co, 5.00%, 06/15/69 1.88
2020 Cash Mandatory Exchangeable Trust 1.83
ARD Finance SA, 6.50%, 06/30/27 1.82
LABL Escrow Issuer LLC, 10.50%, 07/15/27 1.55
Allegheny Technologies Inc, 7.88%, 08/15/23 1.53
First Quantum Minerals Ltd, 7.25%, 04/01/23 1.49
Ford Motor Co, 9.00%, 04/22/25 1.08
Dole Food Co Inc, 7.25%, 06/15/25 1.03
AMN Healthcare Inc, 4.62%, 10/01/27 0.96
Molina Healthcare Inc, 4.38%, 06/15/28 0.94
Total 14.11

Documents

TOP