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Nomura Funds Ireland – US High Yield Bond Fund

Morningstar Overall Ratings as at 31-03-2021. Copyright © 2021 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar rating based on the lead share class: Nomura Funds Ireland – US High Yield Bond Fund I USD.

 

US High Yield Bond Strategy

We launched our Ireland domiciled Nomura Funds Ireland – US High Yield Bond Fund in March 2009 in response to demand from our institutional investors and on the back of our stellar long-term performance results that we had delivered for over 20 years.

 

NCRAM: Our Specialist Credit Research Investment Boutique

The Nomura US High Yield Bond strategy is managed by Nomura Corporate Research and Asset Management Inc. (“NCRAM”), a Nomura Asset Management affiliate. NCRAM was established in 1991 and is an analyst-driven investment boutique that specialises in below investment-grade credit.  

 

The “Strong Horse” Philosophy

We believe a total return approach driven by credit research is the best way to generate alpha in high yield. We describe our investment philosophy as the “Strong Horse” philosophy. Strong Horse companies can carry their debt load through good times and bad. These companies generally have a positive ability to de-lever their balance sheet by generating strong, positive cash flows that are sustainable. The creditworthiness of these companies tends to increase over time, as will their credit ratings.

 

Our Investment Approach

Our process differentiates us through the following points:

  • Creative idea generation in an open environment.
  • Thorough research conducted by experienced credit analysts.
  • Disciplined portfolio construction based on the best risk and reward opportunities.

Our approach is primarily bottom-up, though top-down perspectives are incorporated. We also characterise our process as a fundamental, as opposed to quantitative, approach.

For further information regarding NCRAM and the US High Yield Bond strategy please visit NCRAM’s website. http://www.nomura.com/ncram/ (Please note that the link will access a website for contents of which we take no responsibility and to which our data protection rules do not apply.)

 

Potential significant risks
Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts.

Investment Objective

To achieve current yield and capital gains through investment in a diversified portfolio of primarily high yielding US Dollar denominated Debt and Debt-Related Securities. A combination of top down and bottom up analysis is used to identify high yield credits with strong and improving credit fundamentals.

Fund Size

USD 3.5 billion (as at 31.03.2021)

Investment Company

Nomura Asset Management U.K. Ltd.

Fund Managers

steveSteve Kotsen, CFA, Managing Director and Portfolio Manager, Nomura Corporate Research and Asset Management Inc.

Launch Date

31.03.2009

Base Currency

USD

Sector

Fixed Income – USD High Yield

Benchmark

ICE BofA US High Yield Constrained Index

Domicile

Ireland (Nomura Funds Ireland Plc)

Others

Further information can be found on the website of Nomura Asset Management U.K. Ltd. (You will leave the website of Nomura Asset Management Europe KVG mbH and will switch to the website of Nomura Asset Management U.K. Ltd.)

Fund ISIN Annual
Report
Semi-annual
Report
Fact
Sheet
Sales
Prospectus
KIID
U.K. / English
Class A EUR IE00B3RW6Z61
Class A EUR Hedged IE00B78CQ196
Class A USD IE00B3RW7J78
Class AD EUR IE00BWXC8C49
Class AD EUR Hedged IE00BWXC8H93
Class AD USD IE00BWXC8F79
Class I EUR IE00B3RW8050
Class I EUR Hedged IE00B78FDY06
Class I USD IE00B3RW8498
Class ID EUR IE00BWXC9L05
Class ID EUR Hedged IE00BWXC9Q59
Class ID USD IE00BWXC9N29

Prospectus Nomura Funds Ireland plc: as per 21. May 2020

Share classes without a KIID are not yet active but could be launched on request within a short period of time.

As per 18. January 2021

A complete overview of all available share classes of the fund as well as further information can be found on the website of Nomura Asset Management U.K. Ltd. (You will leave the website of Nomura Asset Management Europe KVG mbH and will switch to the website of Nomura Asset Management U.K. Ltd.)