City Merchants High Yield (Ordinary Share) CMHY

UK High Income

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Estimated NAV (p)

181.00

Share Price (p)

187.18

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
City Merchants High Yield (Ordinary Share) Price 50.35%
City Merchants High Yield (Ordinary Share) NAV 43.54%
FTSE 350 High Yield 25.63%
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 187.0p 3.1% 181.00p 181.00p
30 Jun
100% 5.35%

Discrete performance % over

Fund / BenchmarkAug '12
Jul '13
Aug '13
Jul '14
Aug '14
Jul '15
City Merchants High Yield (Ordinary Share) Price16.1025.083.53
City Merchants High Yield (Ordinary Share) NAV22.8313.123.31
FTSE 350 High Yield15.8212.34-3.45

Discrete performance over

Discrete Performance

Top 10 Holdings

Lloyds Banking Group 7.875% Perpetual,7% 5.10%
Aviva 6.125% Perpetual,8.875% Preference 4.00%
General Motors Wts 10 Jul 2019 3.20%
Societe Generale 8.875% FRN Perp 3.20%
PREMIER FARNELL PFD 89.2P Con Pref 2.90%
Credit Agricole,7.589%&8.125%FRN,7.5%Var 2.70%
Tereos Europe 6.75% & 5.875% Perpetual 2.40%
Twinkle Pizza 8.625% 2022, 6.625% 2021 2.30%
Iron Mountain 6.75% 2018,6.125%2022 2.30%
STANDARD CHARTERED 5.7% 2044,5.125% 2034 2.30%

Sectors weighting

Fixed Interest 83.80%
General Equity 9.50%
Net Current Assets 6.60%

Regional weighting

Fixed Interest 83.00%
Cash/Cash Equivalent 7.00%
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) 187.18
  • Share Type Ordinary Share
  • TIDM CMHY
  • ISIN JE00B6RMDP68
  • Shares Issued (M) 84
  • Market Capital (£M) 157.20
  • Gross Assets (£M) 152.43
  • Net Assets (£M) 152.43
  • TER (%) 1.03
  • Historic Dividend Yield (%) 5.35
  • Last AGM 29 Jun 2015
  • Next AGM 29 Jun 2016
  • Last Annual Report Date 03 Apr 2015
  • 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.