Kames High Yield Global Bond Fund A Acc EUR (Hedged)
Kames Capital Investment Company (Ireland) plc (Open Ended Investment Company domiciled in Ireland)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: Open Ended Investment Company

Objective: to provide a combination of capital growth and income. Policy: invests predominantly in high yield (higher risk) bonds, investment grade (lower risk) bonds and cash. Bonds will be issued by companies and governments worldwide. The Fund is actively managed. The Fund may also invest in derivatives (financial contracts whose value is linked to an underlying asset). The Fund may invest up to 20% in emerging markets. In investment terms, this means those economies that are still developing. Within the limits set out above, the Fund has discretion in its choice of investments and is not restricted by market sector. It may also hold a limited range of other investments and it is not constrained by any benchmark or index. The Fund may use investment techniques to manage risks and costs. These techniques include 'hedging' (using derivatives to reduce the risk associated with making investments in other currencies). Up to 20% of the Fund may not be 'hedged' i.e. the Fund is exposed to the risks of investing in another currency for this portion. Comparator Benchmarks: BofA Merrill Lynch Global High Yield Constrained (EUR Hedged) Index. Comparison against this index will allow investors to compare the Fund's performance against that of a representative but not identical universe of the Fund's potential investments. Comparison against this index will also allow investors to judge the active nature of the Fund against performance of an index which could reflect the performance of equivalent passive funds. Lipper Global Bond Global High Yield EUR Peer Group. Comparison of the Fund against this Peer Group will give investors an indication of how the Fund is performing compared with Funds investing in a similar but not identical investment universe and income orientation. The composition of this peer group is maintained externally and the investment manager makes no guarantees to its accuracy. Other information You can buy, sell or exchange the Fund's shares on any business day (see 'Key Information for Buying and Selling' in the Fund Supplement to the Prospectus for more information). Note: the currency of this share class is different from the base currency of the Fund. We use investment techniques which aim to eliminate the impact of exchange rate changes between the share class currency and the currency of the Fund. Kames Capital Investment Company (Ireland) plc operates two different methods of hedging share classes. Full details of these can be found in the Prospectus. Income the Fund receives will be reinvested and automatically reflected in the value of your shares. It is expected that the Fund will be held as part of a diversified portfolio which may include other assets such as bonds, equities, property and cash.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 10/08/202013.68
Morningstar categoryGlobal High Yield Bond - EUR Hedged
CurrencyEUR
Distribution statusAccumulating
ISINIE00B296X584
Inception Date17/05/2012
Minimum initial amount1,000.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.53% of which 0.60% is paid to MeDirect
Fund management company
AddressKames Capital PLC Kames House 3 Lochside Crescent EDINBURGH PARK Edinburgh EH12 9SA United Kingdom
Manager NameThomas Hanson
Manager Start Date18/09/2019
Websitehttp://www.kamescapital.com
Total Net Assets (mil)112.11 EUR (30/06/2020)
UCITSYes
AdministratorCitibank Europe PLC

Documents

Prospectus
en 22/12/2017
Annual Report
en 31/10/2018
Semi Annual Report
en 30/04/2019
Morningstar Report
10/08/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-0.50%10/08/2020
3 years1.11%10/08/2020
5 years2.12%10/08/2020
Since launch3.88%10/08/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-3.62
1 month2.05
3 months11.40
6 months-4.46
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-18.87%15.38%--
20195.44%2.08%1.22%2.04%
2018-1.23%-0.65%1.76%-3.77%
20171.31%1.76%0.62%-0.10%
20161.13%1.70%3.71%0.71%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock1.04%0.00%1.04%
Bond91.13%0.00%91.13%
Cash75.74%72.43%3.31%
Other4.53%0.00%4.53%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
20.7612.019.81
Sharpe Ratio
0.050.160.28
Sortino Ratio
0.060.190.34
Positive Months10.0023.0037.00
Negative Months2.0013.0023.00
Worst Month-17.45-17.45-17.45
World Regions
Region%
United Kingdom1.04
Stock Sector Weighting
Sector% of Equity
Financial Services1.04
Top 10 Holdings
HoldingSectorCountry% of Assets
ARQIVA BROADCAST FINANCE PLC 6.75% 30/09/2023United Kingdom1.75
Verisure Holding AB (publ) 5.75% 12/01/2023Sweden1.52
ARD Finance S.A. 5% 30/06/2027Ireland1.45
LHC3 PLC 4.13% 15/08/2024Spain1.44
Frontier Communications Corporation 8.5% United States1.43
Prime Securities Services Borrower, LLC and Prime Finance, Inc. 6.25% United States1.38
Pinnacle Bidco Hld 6.38% United Kingdom1.35
CPI Property Group S.A. 4.38% Czech Republic1.34
Intertrust Group B.V. 3.38% 15/11/2025Netherlands1.24
CBR Fashion Finance B.V. 5.13% 10/01/2022Germany1.23
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
13.68
Closing Price
All key information and documents must be reviewed before being able to Invest.