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CQS New City High Yield Fund Ltd (NCYF) Ord NPV

Sell:54.40p Buy:55.40p 0 Change: No change
Market closed Prices as at close on 8 December 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:54.40p
Buy:55.40p
Change: No change
Market closed Prices as at close on 8 December 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:54.40p
Buy:55.40p
Change: No change
Market closed Prices as at close on 8 December 2021 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective is to provide investors with a high gross dividend yield and a potential for capital growth by mainly investing in high yielding fixed interest securities. The Company invests predominantly in fixed income securities, including, but not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income- yielding securities.
Security Weight
Virgin Money UK PLC 8% 5.89%
Galaxy Finco Ltd 9.25% 5.32%
Shawbrook Group Plc 7.875% 4.62%
Osb Group Plc 9.125% 4.36%
Boparan Finance Plc 7.625% 3.98%
Aggregated Micro Power Infra 2 Plc 8% 3.77%
Raven Property Group preference Shares 1p 3.73%
The Co-Operative Bank Finance P.L.C. 9.5% 3.67%
Just Group Plc 8.125% 3.66%
Bracken Midco One 8.875% 3.34%
Sector Weight
Energy 3.60%
Real Estate 1.42%
Financial Services 0.40%
Basic Materials 0.39%
Industrials 0.31%
Consumer Cyclical 0.02%
Country Weight
United Kingdom 66.21%
Norway 6.69%
United States 5.85%
Belgium 4.22%
Canada 3.10%
Netherlands 1.97%
Germany 1.79%
Denmark 1.74%
Australia 1.38%
France 1.16%

Fee Structure

Management fee is 0.8% p.a. of total assets up to GBP 200m ,0.70% p.a. of the total assets from GBP200 m to GBP300 m,and 0.60% p.a. in excess of GBP 300m. Management agreement terminable by either party on 12 months notice.

Dividend Policy

The Board currently expects that the aggregate dividend of the Company for the next financial year will be at a similar level to that of last year and will again be covered by earnings. If the earnings trajectory changes, the Board is prepared to use reserves if it makes sense to do so. The Company expects to pay interim dividends in November, February, May and August.

ASSET SPLIT

Total number of holdings: 114.

Trust Manager

Ian Francis

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Caroline HitchChairman, Duncan Baxter, Wendy Dorman, Ian Cadby, John Newlands

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.