City Merchants High Yield (Ordinary Share) CMHY

UK High Income

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Estimated NAV (p)

181.00

Share Price (p)

186.00

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
City Merchants High Yield (Ordinary Share) Price 48.08%
City Merchants High Yield (Ordinary Share) NAV 45.09%
FTSE 350 High Yield 40.39%
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 185.8p 2.5% 181.00p 181.00p
19 Nov
100% 5.38%

Discrete performance % over

Fund / BenchmarkDec '11
Nov '12
Dec '12
Nov '13
Dec '13
Nov '14
City Merchants High Yield (Ordinary Share) Price12.9217.8011.32
City Merchants High Yield (Ordinary Share) NAV17.2216.526.22
FTSE 350 High Yield10.6622.123.88

Discrete performance over

Discrete Performance

Top 10 Holdings

LLOYDS TSB 7.875% PERPETUAL 5.20%
Aviva 6.125% Perpetual 3.90%
Societe Generale 8.875% FRN & 8.25% Perp 3.70%
PREMIER FARNELL PFD 89.2P CUM CNV RED 3.00%
General Motors Wts Jul 2016 & Jul 2019 3.00%
Credit Agricole 7.589% & 8.125% 2.80%
Telefonica Europe 7.625% & 6.75% Perp 2.50%
Standard Chartered 9.5%, 5.7% & 5.125% 2.50%
Iron Mountain 6.75% 2.50%
Intesa Sanpaolo 8.375% FRN Perp 2.20%

Sectors weighting

Fixed Interest 85.50%
General Equity 9.40%
Net Current Assets 5.10%

Regional weighting

Fixed Interest 85.00%
UK 7.00%
Cash/Cash Equiv. 5.00%
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) 186.00
  • Share Type Ordinary Share
  • TIDM CMHY
  • ISIN JE00B6RMDP68
  • Shares Issued (M) 80
  • Market Capital (£M) 149.09
  • Gross Assets (£M) 145.49
  • Net Assets (£M) 145.49
  • TER (%) 0.80
  • Historic Dividend Yield (%) 5.38
  • 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
  • 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.