New Star Extra High Yield Bond Income Units
At a glance
| Initial charge | 4.25% |
|---|---|
| Initial saving | 4.25% |
| Annual charge | 1.25% |
| Annual saving | 0.125% ² |
| Total Expense Ratio | 1.45% |
| Launch date | 23-01-1998 |
| Launch price | £100.00 |
| Sector | GBP High Yield |
| Fund size | £192 million |
| Number of holdings | 153 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Manager seeing unprecedented value in bond markets at these levels. This remains a higher risk area.Full research
About the Fund Manager
Mark Sanders
Located in: London
Mark Sanders transferred from Aberdeen to New Star in 2003 following the acquisition of Aberdeen's fixed interest funds. He has 29 years' investment experience, having worked for Friends Provident, Argosy Asset Management and Clerical Medical Investment Company. He currently works in the high yield sector with James Gledhill.
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Income details
| Distribution yield | 11.50% |
|---|---|
| Underlying yield | 10.20% |
| Income paid | Monthly |
| Type of payment | Interest |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 January 2008 |
|---|---|
| Payment date ³ | 31 January 2008 |
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Top 10 holdings
| Inde News & Media 5.75% 17/05/2009 | 2.43% |
|---|---|
| Lottomatica 8.25% VRN 31/03/2066 | 1.89% |
| Iesy Repository 8.75% 15/02/2015 | 1.87% |
| Louis No1 8.5% 01/12/2014 | 1.85% |
| UPC Holding 7.75% 15/01/2014 | 1.78% |
| Edcon Proprietary FRN 15/06/2014 | 1.77% |
| Huntsman 6.875% 15/11/2013 | 1.75% |
| SPCM SA 8.25% 15/06/2013 | 1.74% |
| Crown Euro Holdings 6.25% 01/09/2011 | 1.73% |
| Kabel Deutschland GMBH 10.75% 01/07/2014 | 1.72% |
Top 10 sectors
| Bonds | 103.21% |
|---|---|
| Non-Classified | 0.19% |
| Financial Services | 0.04% |
| Support Services | 0.02% |
| General Industrials | 0.00% |
| Fixed Line Telecommunications | 0.00% |
| Cash and Equiv. | -3.44% |
Top 10 countries
| United Kingdom | 31.43% |
|---|---|
| United States | 18.93% |
| Netherlands | 9.39% |
| Germany | 8.84% |
| South Africa | 8.11% |
| France | 6.75% |
| Luxembourg | 6.01% |
| Ireland | 3.07% |
| Italy | 1.89% |
| Denmark | 1.78% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 30/09/2008.
