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Kames High Yield Bond

Ranked 9 out of 14 in - Sterling High Yield over 3 months
All calculations are in GBP unless stated

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.

David Roberts

Born in 1966, David Roberts graduated in Economics and Industrial relations from Strathclyde University and completed an MSc in Investment Analysis from Stirling University. He joined TSB Scotland in 1988 before moving to Bankers Trust and ran the treasury operation for the firm's global custody business. A year later Lloyds TSB snapped him up to play a front office role in which he was primarily responsible for the expansion of institutional business. In 1997 he was recruited to develop in house credit systems at Britannic and in 2001 was appointed head of credit at the company. Roberts left Britannic to join Scottish rivals Aegon (now Kames Capital) as head of retail fixed income in March 2004. The Kames Sterling Corporate Bond fund invests predominantly in UK fixed interest, while the Kames Strategic Global Bond fund invests in bonds from around the world.

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 : 31/05/2016 - 31/08/2016
  • Rank 9/14 Total Return
  • Rank 11/14 Standard Deviation
  • Rank 11/14 Max Drawdown
Fund Name Currency Return
7 M&G Global High Yield Bond Sterling X Inc GBP

4.8%

8 Old Mutual Threadneedle High Yield Bond A Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

4.5%

9 Kames High Yield Bond Acc B

Currency exposure is hedged

Currency exposure is hedged

GBP

4.4%

10 Baillie Gifford High Yield Bond A Inc GBP

4.2%

11 Aviva Investors High Yield SC 1 Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

4.2%

Fund Name Currency Risk
9 Standard Life Inv Higher Income Ret Acc GBP

4.9

10 Henderson Fixed Interest Monthly Income GBP

5.1

11 Kames High Yield Bond Acc B

Currency exposure is hedged

Currency exposure is hedged

GBP

5.6

12 Baillie Gifford High Yield Bond A Inc GBP

5.7

13 Threadneedle High Yield Bond Ret Net Inc GBX GBP

6.6

Fund Name Currency Loss
10 Standard Life Inv Higher Income Ret Acc GBP

-0.3%

11 Kames High Yield Bond Acc B

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.3%

12 Baillie Gifford High Yield Bond A Inc GBP

-0.5%

13 Threadneedle High Yield Bond Ret Net Inc GBX GBP

-1.0%

Total Return

Quarterly Performance

to 30/06/2016 Annual Q1 Q2 Q3 Q4
2016 1.1% 2.3%
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 size1,171Mn
  • Base currencyGBP
  • ISIN GB0031425563
  • Currency exposure is hedged

Purchase Info

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

Charges

  • Annual management0.75%
  • Initial investment0

Related News

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

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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).