Quick Stats

Bid Price - Offer Price -
Mid Price USD 0.99 Day Change USD +0.00 (0.16%)
Price Date 21 Sep 2017 Crown Rating 3
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 0.00 Fund Size 848,897,341.72
Launch Date 04/10/1999 Standard Initial Charge (%) 3.75
Currency USD ISA Eligible Yes
Annual Management Charge (%) 1.25 Sector IMA UK Equity Income
Min Investment (£) 3,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BPZ55F45 Min TopUp (£) 0.00

Fund Objective

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. The Fund may also invest in asset classes and instruments different from those stated above.

Fund Managers

Barrie Whitman
Barrie Whitman joined the company in 1999 as is currently Head of High Yield, EMEA, with responsibility for our high yield fixed income team in London. He manages the Threadneedle High Yield Bond, European High Yield Bond and Strategic Bond Funds as well as a number of institutional mandates. He is also co-manager of the Threadneedle Credit Opportunities Fund.Barrie began his investment career in 1987 at United Bank of Kuwait as a credit analyst specialising in high yield bond investment. In 1990 he became a high yield fund manager and, in 1996, CIO for High Yield Investments. He then moved to Standard Bank London in 1997 as Head of European High Yield and Distressed Debt.Barrie graduated in 1982 with a BSc in Economics and Accounting from Hull University and qualified as a Chartered Accountant in 1986. He is also a member of the Institute of Chartered Accounts in England and Wales.
David Backhouse
David Backhouse is a portfolio manager in the dedicated High Yield Bond team. He joined the company in 2003 as an investment analyst, specialising in non-investment grade credits. Before joining the company, David worked for Gartmore as a credit analyst. He has also worked for UBK Asset Management as a senior Telecommunications analyst and Ernst & Young as an auditor.He holds a BEng (Hons) degree in electrical and electronic engineering from UMIST and is a qualified chartered accountant. David is a member the Institute of Chartered Accountants in England and Wales.