Kames High Yield Bond B Inc (FUND:B1N9DY5) - Overview

Fund Report

Kames High Yield Bond B Inc

Key Stats
Morningstar® CategoryGlobal High Yield Bond - GBP Hedged
Manager NamePhilip Milburn
Inception Date01/03/2007
NAV 09/12/2016GBX 98.19
Day Change0.18%
12 Month Yield5.74%
ISINGB00B1N9DY51
SEDOLB1N9DY5
Dividend FrequencyMonthly
Net Assets (mil) 31/10/20161,125.48 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.79%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

IA £ High Yield

Morningstar® Benchmark

BofAML Gbl HY Constnd TR HGBP

Morningstar Analyst Rating™ *

Neutral

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund17.875.434.00-1.616.09
Category15.656.341.63-2.659.70
Benchmark18.747.312.71-2.1113.62
  • Fund: Kames High Yield Bond B Inc
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: BofAML Gbl HY Constnd TR HGBP
Trailing Returns % (GBP) 09/12/2016
FundCatBmark
YTD7.0711.4314.93
3 Years Annualised3.273.655.12
5 Years Annualised6.527.098.26
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The investment objective is to maximise total return (income plus capital). The fund invests in a portfolio of predominately: high yield bonds; selected investment grade bonds; and cash. The fund may hold sterling and other currency denominated bonds hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds91.220.0091.22
Cash109.96104.655.31
Other3.470.003.47
Top Fixed Income Sectors
Fixed Income Sector%
Future/Forward103.04
Corporate Bond88.05
Convertible2.74
Non-Agency Residential Mortgage Backed2.18
Commercial Mortgage Backed1.03
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Numericable Grp Sa 144A 7.375% 2026-05-01France2.02
Frontier Comms 10.5% 2022-09-15United States1.95
DecreaseCpuk Fin FRN 2042-02-28Jersey1.93
Access Midstream Prtnrs Lp/Acm 4.875% 2024-03-15United States1.70
Cco Hldgs Llc / Cco Hldgs Ca 144A 5.125% 2023-05-01United States1.70
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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