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Contact details

ManagerGroupLogo
Threadneedle Investment Services Limited, 60 St Mary Axe, London, EC3A 8JQ
0800 328 4540 (Fax Number)
0800 9530134 (Main Number)

questions@service.threadneedle.co.uk

Fund managers

* Barrie Whitman01-Oct-1999 to Present
 
view    
* David Backhouse»01-Apr-2012 to Present
Stephen White»01-Sep-1999 to 31-Mar-2002
Daniel White»01-Oct-1999 to 31-Mar-2002


Investment objectives

The aim of the Fund is to provide income. The Fund invests at least two-thirds of its assets in high income paying bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies worldwide. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income.

Key Information

Fund vs sector

  1y 3y
Position 6 / 24 11 / 21
Quartile 1 2

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 2 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 2.07 4.41
Alpha 1.87 0.91
Beta 0.68 0.95
Sharpe 0.28 1.51
Info Ratio 0.75 0.38
R2 0.92 0.94
Quartiles:   1  2  3  4   help with ratios
vs. Sterling High Yield»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC +3.2+31.4+41.8+6.9+19.1-3.8+12.1
  STERLING HIGH YIELD   +1.6+28.6+40.4+6.3+19.0-2.7+12.2
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE HIGH YIELD BOND INST GR INC GBP INC 0.53 (GBP) 19-Dec-2014 6.60 0.82% BYV0 B39QB84
pdf THREADNEEDLE HIGH YIELD BOND Z GR ACC GBP ACC 119.91 (p) 19-Dec-2014 6.30 0.74% G7CO B82VC22
pdf THREADNEEDLE HIGH YIELD BOND Z INC GBP INC 102.68 (p) 19-Dec-2014 6.30 0.74% G7CP B7SGDT8
pdf THREADNEEDLE HIGH YIELD BOND Z GR INC GBP INC 100.05 (p) 19-Dec-2014 6.30 0.74% J6HD B99MVQ2
pdf THREADNEEDLE HIGH YIELD BOND Z ACC GBP ACC 1.00 (GBP) 19-Dec-2014 n/a n/a KPXQ BPZ55D2
pdf THREADNEEDLE HIGH YIELD BOND INST INC GBP INC 61.84 (p) 19-Dec-2014 6.30 0.82% TH65 0837112
pdf THREADNEEDLE HIGH YIELD BOND INST GR ACC GBP ACC 150.65 (p) 19-Dec-2014 6.40 0.82% TI19 3388479
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE HIGH YIELD BOND X INC INC 0.98 (GBP) 19-Dec-2014 n/a n/a KLWJ BNG64C2
pdf THREADNEEDLE HIGH YIELD BOND R GR USD INC 0.98 (USD) 19-Dec-2014 n/a n/a KPXR BPZ55F4
pdf THREADNEEDLE HIGH YIELD BOND RET GR INC GBP INC 43.55 (p) 19-Dec-2014 6.30 1.44% TF60 3388480
pdf THREADNEEDLE HIGH YIELD BOND RET INC GBP INC 43.50 (p) 19-Dec-2014 6.20 1.44% TH64 0837101

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£813.9m / $1,270.8m (30-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch04-Oct-1999
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 17:00
Minimum initial£ 2,000
Minimum additional£ 1,000
Initial charge3.75%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryCitibank International plc
RegistrarThreadneedle Investments
Multi-Managern/a
Indexn/a
Dividend policyJan 08, Feb 08, Mar 10 (Final), Apr 08, May 08, Jun 08, Jul 08, Aug 08, Sep 08, Oct 08, Nov 08, Dec 08
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest Corporate Sterling High Yield
Largest holdings, 30-Nov-2014
Holding (%) Rank Fund factsheet Equity factsheet
HEIDELBERGCEMENT AG 3.70 1 - -
WIND ACQUISITION FINANCE SA 3.20 2 - -
FIAT FINANCE SPA 3.10 3 - -
SCHAEFFLER VERWALTUNGS GMBH 3.00 4 - -
UNITYMEDIA MANAGEMENT GMBH 2.60 5 - -
UPC FINANCING PARTNERSHIP 2.60 6 - -
TELECOM ITALIA SPA 2.00 7 - -
TELEFONICA SA 2.00 8 - -
PT PORTUGAL SGPS SA 1.60 9 - -
KLOCKNER PENTAPLAST GMBH & CO KG 1.60 10 - -
Total25.40 
Sector weightings, 30-Nov-2014
Sector(%)Rank 
Telecommunications13.901 13.90% Telecommunications
Services12.902 12.90% Services
Media12.803 12.80% Media
Automotive10.004 10.00% Automotive
Basic Industry9.405 9.40% Basic Industry
Others8.706 8.70% Others
Banking7.807 7.80% Banking
Capital Goods7.508 7.50% Capital Goods
Utility6.309 6.30% Utility
Consumer Cyclical3.8010 3.80% Consumer Cyclical
Healthcare3.5011 3.50% Healthcare
Cash3.4012 3.40% Cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Jeremy Harwood Jul 08th, 2014 at 07:49 PM

Why so slow with entries for the dividend. The dividend has now been paid for 3 days and still no entry

Reply
Terence John Grimwood Jun 02nd, 2013 at 05:56 PM

I see June's payment date has been moved to 30 May. What will be June's Ex Div date? will it stil be 8th June?

Reply
walter Jan 04th, 2011 at 11:37 AM

I am looking at Trustnet's performance tables and there is a heading of TER which lists a % what does this stand for? Walter

Reply
walter Jan 04th, 2011 at 11:21 AM

I am thinking of investing in the Threadneedle High Yield Bonds, but am confused by the different ones could I please have an explanation of the various options. Walter

Reply
Jonathan Boyd Feb 10th, 2009 at 11:41 AM

We have forwarded your question to Threadneedle and will add to this thread as soon as we have an answer.

Reply
trader naked Feb 09th, 2009 at 08:54 PM

Is it possible to get Threadneedle to post the dividend amount soon after it has been decided instead of just a few days before the payment date.

Reply
 

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Asset allocation

Global High Yield Fixed Interest, 96.60%
96.6000% ofGlobal High Yield Fixed Interest
Cash, 3.40%
3.4000% ofCash

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