Kames High Yield Global Bond B GBP Inc H (FUND:B296WQ2) - Overview

Fund Report

Kames High Yield Global Bond Fund Class B GBP Inc Hedged

Key Stats
Morningstar® CategoryGlobal High Yield Bond - GBP Hedged
Manager NamePhilip Milburn
Inception Date20/12/2010
NAV 02/12/2016GBP 10.88
Day Change-0.11%
12 Month Yield5.29%
ISINIE00B296WQ21
SEDOLB296WQ2
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/2016438.13 USD
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 Charge1.03%
AMC0.80%
Fund Rebate-

Morningstar Rating™

5 Stars

Benchmarks

Fund Benchmark

Lipper Gbl Gbl High Yield

Morningstar® Benchmark

BofAML Gbl HY Constnd TR HGBP

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

How has this security performed
20122013201420152016
Fund19.826.584.94-0.677.13
Category15.656.341.63-2.659.70
Benchmark18.747.312.71-2.1113.62
  • Fund: Kames High Yield Global Bond Fund Class B GBP Inc Hedged
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: BofAML Gbl HY Constnd TR HGBP
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD7.0810.2713.66
3 Years Annualised3.953.314.77
5 Years Annualised7.787.128.19
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The primary investment objective is to maximise total return (income plus capital) by investing at least two thirds of its gross assets, in high yield bonds (ie securities having a rating of Ba1 and below by Moody’s or BB+ and below by Standard and Poor’s and Fitch or other debt instruments deemed by the Investment Manager to be of similar credit quality) in any currency, which may be government or corporate, and which may be at a fixed or floating rate, rated or unrated. The fund may also hold selected investment grade bonds and cash.

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
Bonds84.590.0084.59
Cash57.1044.3512.75
Other2.660.002.66
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond79.97
Future/Forward33.61
Convertible2.67
Non-Agency Residential Mortgage Backed1.85
Commercial Mortgage Backed0.69
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Cco Hldgs Llc / Cco Hldgs Ca 144A 5.125% 2023-05-01United States1.74
IncreaseCpuk Fin FRN 2042-02-28Jersey1.65
Frontier Comms 10.5% 2022-09-15United States1.62
IncreaseCnh Indl N.V. 4.5% 2023-08-15Netherlands1.57
IncreaseBk Amer FRN United States1.57
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.
© Copyright 2016 Morningstar. All rights reserved.