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Kames High Yield Bond

Ranked 7 out of 14 in - Sterling High Yield over 3 months
All calculations are in GBP unless stated

Managed by

Stephen Baines

Stephen Baines is an investment manager in the fixed income team with responsibility for high yield bonds. He joined Kames Capital in 2013 from Oriel Asset Management, where he was a portfolio manager and investment analyst. Prior to this, Stephen worked for Baillie Gifford before joining Babson Capital Europe, where he was responsible for credit analysis of European syndicated loans, floating-rate notes and high yield bonds. Stephen has a degree in economics from the University of Durham and is a CFA Charterholder.

David Ennett

David Ennett is head of high yield in the Fixed Income team. He joined Kames Capital in 2016 from Standard Life Investments, where he was head of European high yield and manager of the SLI Higher Income Bond Fund and SLI European High Yield Bond Fund. Before that, David worked for Old Mutual Asset Managers, CIBC World Markets and M&G in a variety of analysis and portfolio management roles. He has a degree in Political Science and Economics from the Australian National University in Canberra, and completed an MBA at Imperial College, London.

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.

Showing fund performance in United Kingdom View performance globally

Performance

Sterling High Yield over : 31/07/2017 - 31/10/2017
  • Rank 7/14 Total Return
  • Rank 6/14 Standard Deviation
  • Rank 1/14 Max Drawdown
Fund Name Currency Return
5 Threadneedle High Yield Bond Ret Net Inc GBX GBP

1.6%

6 Henderson Fixed Interest Monthly Income GBP

1.3%

7 Kames High Yield Bond Acc B

Currency exposure is hedged

Currency exposure is hedged

GBP

1.3%

8 Standard Life Inv Higher Income Ret Acc GBP

1.2%

9 Aviva Investors High Yield SC 1 Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.0%

Fund Name Currency Risk
4 M&G Offshore Global High Yield Bond Sterling I Acc GBP

0.8

5 Henderson Fixed Interest Monthly Income GBP

1.2

6 Old Mutual Threadneedle High Yield Bond A Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.2

6 Kames High Yield Bond Acc B

Currency exposure is hedged

Currency exposure is hedged

GBP

1.2

8 Threadneedle High Yield Bond Ret Net Inc GBX GBP

1.3

Fund Name Currency Loss
1 Aviva Investors High Yield SC 1 Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

0%

1 Old Mutual Threadneedle High Yield Bond A Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

0%

1 Standard Life Inv Higher Income Ret Acc GBP

0%

1 Baillie Gifford High Yield Bond B Inc GBP

0%

1 Henderson Fixed Interest Monthly Income GBP

0%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 1.8% 2.2% 1.2%
2016 9.0% 1.0% 2.3% 4.4% 1.1%
2015 -0.6% 2.4% -0.1% -4.6% 1.8%
2014 5.2% 3.4% 2.3% -2.0% 1.4%
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 -1.0% -7.5% 0.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Germany
  2. United Kingdom

Fund Info

  • Launch date22/03/2002
  • Share Class size908Mn
  • Base currencyGBP
  • ISIN GB0031425563
  • Currency exposure is hedged

Purchase Info

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

Charges

  • Annual management0.75%
  • Initial investment0

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Kames's Milburn: Why we're adding credit risk

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Kames bond boost with Ennett in and Milburn back

Kames Capital’s bond team received a boost today with Phil Milburn returning from illness and David Ennett taking on his new role of head of high yield.

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

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

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...more...

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