Quick Stats

Bid Price - Offer Price -
Mid Price USD 1.65 Day Change USD +0.00 (0.31%)
Price Date 19 Jan 2018 Crown Rating 3
Shares Class Inc. Yield 3.20 %
Total Expense Ratio 0.00 Fund Size 677,861,191.65
Launch Date 07/03/2000 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 GB00BWTW3M30 Min TopUp (£) 0.00

Fund Objective

The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests at least two-thirds of its assets in high income paying Euro or British Pound bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in Europe or companies that have significant operations there. 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. Where the Fund invests in bonds that are not priced in Euro, the Fund may take measures that aim to mitigate the risk of currency movements against the Euro. The Fund may also invest in asset classes and instruments different from those stated above.

Fund Managers

Michael Poole
Michael Poole joined the company in 2005 and is currently Head of High Yield Portfolio Management, EMEA. He is lead portfolio manager for the European High Yield Bond Fund and co-manages the Threadneedle Credit Opportunities Fund as well as a number of institutional mandates. Prior to his appointment as portfolio manager, Michael served as an investment analyst covering the Basic Industry, Packaging, Autos and Energy sectors.Michael previously worked for Muzinich as a credit analyst and also spent three years with Credit Suisse First Boston (previously Donaldson, Lufkin & Jenrette) within their investment banking division.Michael holds an MBA from London Business School and a degree in Economics (Honours) from the University of Western Ontario in Canada.