City Merchants High Yield (Ordinary Share) CMHY

UK High Income

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Estimated NAV

193.00

Share Price

198.30

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
City Merchants High Yield (Ordinary Share) Price 23.05%
City Merchants High Yield (Ordinary Share) NAV 23.78%
FTSE 350 High Yield 20.48%
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 197.9 2.5% 193.00 193.00
24 May
100% 5.05%

Discrete performance % over

Fund / BenchmarkJun '14
May '15
Jun '15
May '16
Jun '16
May '17
City Merchants High Yield (Ordinary Share) Price4.181.0316.91
City Merchants High Yield (Ordinary Share) NAV6.730.1715.77
FTSE 350 High Yield3.40-8.6327.52

Discrete performance over

Discrete Performance

Top 10 Holdings

Lloyds Banking Group 7.875% Perpetual,7% 4.60%
Aviva 6.125% Perpetual,8.875% Preference 3.40%
Intesa Sanpaolo 8.375% FRN Perpetual, 7% 2.90%
Societe Generale 8.875% FRN Perp 2.70%
Telefonica Europe 6.75%&5.875%&4.9% 2017 2.70%
US Treasury 2.5% 15 Feb 2046 2.60%
Credit Agricole,7.589%&8.125%FRN,7.5%Var 2.40%
STANDARD CHARTERED 5.7% 2044,5.125% 2034 2.20%
SFR 7.375% 01 May 2026 (SNR) 2.20%
Balfour Beatty 10.75p Cum Cnv Red Prf 1.80%

Sectors weighting

Fixed Interest 88.70%
Net Current Assets 8.00%
General Equity 3.40%

Regional weighting

Fixed Interest 90.00%
Cash/Cash Equivalent 7.00%
UK 3.00%
  • Investment trust info:

  • Sector UK High Income
  • Launch Date 31 May 1991
  • Currency GBX
  • Domicile Jersey
  • Share Price 198.30
  • Share Type Ordinary Share
  • TIDM CMHY
  • ISIN JE00B6RMDP68
  • Shares Issued (M) 93
  • Market Capital (£M) 184.05
  • Gross Assets (£M) 179.64
  • Net Assets (£M) 179.64
  • TER (%) 1.01
  • Historic Dividend Yield (%) 5.05
  • Last AGM 14 Jun 2016
  • Next AGM 14 Jun 2017
  • Last Annual Report Date 15 Apr 2016
  • Next due Report Date 30 Jun 2015
  • 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
  • Invesco Fund Managers Limited
  • Invesco Fund Managers Limited
  • Managed by:

  • Paul Causer 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.