Overview

The Nomura Funds Ireland – Global High Yield Bond Fund seeks to deliver attractive yield and risk-adjusted returns, as well as keeping the portfolio-level greenhouse gas intensity below that of its broad market benchmark. We invest primarily in fixed income securities of US and European corporate issuers which are rated in the lower rating categories of the established rating services or are unrated securities of comparable quality. The strategy follows a consistent global approach that allows the exploitation of different spreads of a company in different currencies.

The Nomura Global 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.

Our approach 

• Total return approach driven by credit research to generate alpha in high-yield.
• NCRAM believes in a “Strong Horse” philosophy where companies can carry their debt load through good and bad times. These companies generally have a positive ability to de-lever their balance sheet by generating strong and positive cash flows.
• The creditworthiness of these companies tends to increase over time, as will their credit ratings.
• Bottom-up, fundamentally driven, credit-intensive research analysis. Binding sustainability criteria are applied to promote environmental characteristics.
• Top-down perspectives are additionally incorporated.

Reasons to invest

• “Strong Horse” approach to credit research.
• Disciplined Investment Process – seeking to capture credit market returns for each region while minimizing losses. Ability to make tactical shifts to anticipate key opportunities or risks across the developed market regions.
• Dedicated research – evaluating issuers on financial and sustainability factors and participating directly in investment decisions.
• SFDR** Classification: Article 8.
• Sustainability – the Fund seeks to promote certain environmental characteristics with a binding constraint on carbon emissions.
• Stability – our four most senior high-yield investment professionals have worked together for over 20 years supported by a very experienced team of analysts.
• Performance – competitive performance on an absolute and risk-adjusted basis.

** EU Sustainable Finance Disclosure Regulation.

Further details of the sustainability strategy are described in the tab “Sustainability-related disclosure”.

For further information please visit NCRAM’s website at http://www.nomura.com/ncram/. (Please note that this external link leads to a website where our data protection rules do not apply and for whose content we assume no responsibility.)

* Nomura Funds Ireland – Global High Yield Bond Fund (previously named “Nomura Funds Ireland – Global Sustainable High Yield Bond Fund”). Effective on 28th April 2025, the Sub-Fund has been re-named and re-classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation (EU) 2019/2088. Details of the new strategy can be found in the pre-contractual Annex attached to the Sub-Fund’s Supplement.

Awards and ratings

Morningstar Overall Ratings as at 31-10-2025. Copyright © Morningstar 2025. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) do not constitute advice of any kind, whether investment, tax, legal or otherwise. User is solely responsible for ensuring that it complies with all laws, regulations and restrictions applicable to it. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past performance is no guarantee of future results. Morningstar rating based on Nomura Funds Ireland – Global High Yield Bond Fund I USD.

Potential significant risks

High-yield bonds are exposed to price risk due to changes in the credit spread caused either by improving or worsening credit quality or due to changes in the market sentiment. Moreover, the bonds are exposed to non-negligible credit default risk. The exposure to the traditional duration risk, i.e. to changes in the underlying government bond yield curve, is in contrast much smaller and usually negatively correlated with the credit risks. Due to its global investment approach part of the portfolio is exposed to currency risk versus the base currency of the fund.

Sustainability information from investee companies and third-party data providers may be incomplete, inaccurate or unavailable. As a result, there is a risk that we may incorrectly assess a security or issuer, resulting in the incorrect inclusion or exclusion of a security in the portfolio.

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Sustainability-related disclosure

Nomura Funds Ireland - Global High Yield Bond Fund (the "Sub-Fund")

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Fund		Monthly Factsheet
Class I USD

For a full list of available share class documents including PRIIPs KIDs, please visit our fund documents page.

The lead share class fund literature is shown first in the above list. If any literature is not available in the above list for the share class you are invested in/interested in, please contact [email protected]

* Nomura Funds Ireland – Global High Yield Bond Fund (previously named “Nomura Funds Ireland – Global Sustainable High Yield Bond Fund”). Effective on 28th April 2025, the Sub-Fund has been re-named and re-classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR). Details of the new strategy can be found in the pre-contractual Annex attached to the Sub-Fund’s Supplement.

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