Threadneedle High Yield Bond Fund RNI


Buy/Sell Price  (as of 30/09/2016) £0.4274   Day Change :  -0.19%     Fund Code:  THHYB 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Barrie Whitman joined the company in 1999 as is currently Head of Corporate Credit, EMEA, with responsibility for our high yield and investment grade fixed income teams in London. He began his 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. Barrie then moved to Standard Bank London in 1997 as Head of European High Yield and Distressed Debt. Barrie qualified as a Chartered Accountant in 1986. Barrie Whitman joined Threadneedlein 1999 as is currently Head of High Yield Credit, EMEA & Asia. 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.

Biography

David Backhouse is a portfolio manager in the dedicated High Yield Bond team. He joined Threadneedle 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.
Investment HouseColumbia Threadneedle
Fund ProviderThreadneedle Investment Services Ltd
ManagerBarrie Whitman   Biography
ManagerDavid Backhouse   Biography

Fund Objective The aim of the Fund is to provide income.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB0008371014
12-Month NAV High £0.43
12-Month NAV Low £0.40
Fund Comparative IndexBofAML High Yield Constrained Excluding Subordinated Financials TR Hedged GBP
Morningstar CategoryTMGBP High Yield Bond
Dividend FrequencyMonthly
Distribution Yield5.92%
Underlying Yield4.67%

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall3 star
3 Years3 star
5 Years3 star
10 Years3 star

Growth of £1000 Help

 as of  30/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-1.96-2.33-2.210.38-1.13
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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