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Kames High Yield Bond

Ranked 5 out of 15 in - Sterling High Yield over 12 months
All calculations are in GBP

Managed by

Philip Milburn

Philip Milburn has spent the entirety of his financial career at Kames Capital (formerly AEGON). He constructs a portfolio of between 40 and 60 holdings for his Kames High Yield Bond fund and invests in bonds and only bonds for the High Yield Bond fund. Earlier in his career Milburn spent a year on secondment to Latin American equities and worked as Global Telecoms Coordinator at the group. Born in Nottingham in 1974, Milburn holds a first class masters degree in economics from Edinburgh University. He is a keen sportsman who enjoys squash, 5-a-side football and skiing.

Claire McGuckin

Objective

The primary investment objective is to maximise total return (income plus capital) by investing in a portfolio of predominately high yield bonds, selected investment grade bonds and cash. The fund may hold sterling and other currency denominated bonds hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

Performance

Sterling High Yield over : 31/07/2013 - 31/07/2014
  • Rank 5/15 Total Return
  • Rank 12/15 Standard Deviation
  • Rank 11/15 Max Drawdown

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 5.1% 3.4% 2.3% -0.7%
2013 6.9% 1.8% -1.1% 2.7% 3.4%
2012 19.6% 7.9% 1.0% 5.4% 4.2%
2011 3.5% 4.7% 0.8% -6.1% 4.4%
2010 18.0% 7.6% -0.9% 7.8% 2.6%
2009 62.1% 2.2% 24.9% 21.0% 4.9%
2008 -27.1% -4.4% 4.2% -7.8% -20.6%
2007 0.8% 2.5% 1.5% -1.5% -1.7%
2006 7.8% 2.5% -0.4% 3.0% 2.6%
2005 10.1% 1.3% 2.9% 3.0% 2.5%
2004 13.3% 2.9% -0.5% 5.6% 4.9%
2003 21.1% 4.3% 7.8% 3.2% 4.4%
2002 -7.6% -1.0% -7.5% 0.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/03/2002
  • Share Class size1,712Mn
  • Base currencyGBP
  • ISIN GB0031425563
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment2Mn
  • Min. additional investment10,000

Charges

  • Annual management0.8%
  • Initial investment0

Related News

Kames High Yield Bond

Milburn gets co-manager as Kames reshuffles high yield line-up

investment manager Claire McGuckin has been promoted to co-manager among a series of changes

Kames' Milburn: value in high yield bond market has finally returned

After the violent sell-off last month, spreads are back in line with the cycle average and yields of 6.7% now look 'reasonable', according to Kames bond manager Philip Milburn.  

Kames give Milburn co-manager on High Yield Global Bond fund

Kames Capital has named Claire McGuckin as co-manager of its High Yield Global Bond fund alongside Phil Milburn.

Fly on the wall: what Dart Capital bought and sold

Wealth Manager was given exclusive access to Dart Capital's year-end asset allocation meeting, where we were offered a fascinating insight into the boutique's investment thinking.  

Milburn: Good news stops here for high yield

Kames' High Yield Bond star Philip Millburn speaks exclusively to Citywire Selection about why the days of stellar returns are numbered.

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...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).