City Merchants High Yield (Ordinary Share) CMHY

UK High Income

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Estimated NAV (p)

184.00

Share Price (p)

190.03

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
City Merchants High Yield (Ordinary Share) Price 31.41%
City Merchants High Yield (Ordinary Share) NAV 32.55%
FTSE 350 High Yield 35.76%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 190.0p 3.0% 184.00p 184.00p
18 Jul
100% 5.26%

Discrete performance % over

Fund / BenchmarkAug '11
Jul '12
Aug '12
Jul '13
Aug '13
Jul '14
City Merchants High Yield (Ordinary Share) Price-9.2720.8119.89
City Merchants High Yield (Ordinary Share) NAV-2.8323.4710.48
FTSE 350 High Yield5.2721.016.57

Discrete performance over

Discrete Performance

Top 10 Holdings

Lloyds,6.385% 2020, 7.875% & 7% Var Perp 5.20%
Aviva 6.125% Perpetual 4.20%
Societe General 8.875% FRN,8.25%,7.875% 3.90%
General Motors Wts Jul 2016 & Jul 2019 3.70%
PREMIER FARNELL PFD 89.2P Con Pref 3.30%
Intesa 8.375% FRN Perp 2.50%
Credit Agricole 7.589% & 8.125% 2.30%
Abengoa 2.20%
Enterprise Inns 6.5% Dec 2018 2.10%
UPC 2.00%

Sectors weighting

Fixed Interest 81.70%
General Equity 9.60%
Net Current Assets 8.70%

Regional weighting

Fixed Interest 81.00%
Cash/Cash Equiv. 9.00%
UK 7.00%
North America Region 3.00%
  • Investment trust info:

  • Sector UK High Income
  • Launch Date 31 May 1991
  • Base Currency GBX
  • Domicile Jersey
  • Share Price (p) 190.03
  • Share Type Ordinary Share
  • TIDM CMHY
  • ISIN JE00B6RMDP68
  • Shares Issued (M) 78
  • Market Capital (£M) 149.08
  • Gross Assets (£M) 144.70
  • Net Assets (£M) 144.70
  • TER (%) 0.80
  • Historic Dividend Yield (%) 5.26
  • Next Dividend Date 23 Jul 2014
  • Next Dividend (p) 2.50
  • Last AGM 03 Jul 2014
  • Next AGM 03 Jul 2015
  • Last Annual Report Date 17 Apr 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.
  • Management Group(s):

  • INVESCO Asset Management
  • INVESCO Asset Management Ltd
  • Invesco Asset Management Ltd
  • Managed by:

  • Paul Causer Start: 01 May 2003
  • Paul Read Start: 01 May 2003
  • Paul Read Start: 01 May 2003
  • Rhys Davies Start: 03 Jul 2014
  • Management Contract & Fees:

    The Manager receives a fee, payable quarterly in arrears, equal to 0.1875% of the value of the Company's total assets under management less current liabilities at the end of the relevant quarter. The agreement is terminable on 3 months prior written notice, or earlier in the event of a material breach or insolvency of either party.

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