Nomura Funds Ireland – US High Yield Bond Continuum Fund
Overview
The Nomura Funds Ireland – US High Yield Bond Continuum 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.
The Nomura US High Yield Bond Continuum 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, positive cash flows that are sustainable.
- The creditworthiness of these companies tends to increase over time, as will their credit ratings.
- Bottom-up, fundamental research driven process. 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 while minimizing losses.
- 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.
- 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.)
Potential significant risks
Investment in high-yield securities generally entails increased interest rate, credit, liquidity, and market risk. The Sub-Fund may hold non-investment-grade securities of companies involved in bankruptcy proceedings, reorganisations, and financial restructurings. The market prices of such investments are subject to sudden and erratic changes as well as above-average price volatility.
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.
Investment Objective |
The NFI – US High Yield Bond Continuum Fund targets attractive risk-adjusted returns delivered through both income and capital gains. |
Fund Size |
USD 14.7 million (as at 31.10.2025) |
Investment Manager |
Nomura Asset Management U.K. Ltd. |
Lead Fund Manager |
Steve Kotsen, CFA, Managing Director und Portfolio Manager, |
Launch Date |
23.08.2023 |
Base Currency |
USD |
Universe |
Morningstar category: USD High Yield Bond |
Benchmark |
ICE BofA US High Yield Constrained Index |
Domicile |
Ireland (Nomura Funds Ireland Plc) |
| Fund | Monthly Factsheet | |||||
|---|---|---|---|---|---|---|
| Class I USD |
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| Class A 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]
The EU Sustainable Finance Disclosure Regulation (“SFDR”) requires investment firms to formalise how sustainability is integrated into their business and processes, and to make public and client-facing disclosures on sustainability matters. The aforementioned disclosures relating to Nomura Asset Management U.K. Limited are published on our website at https://www.nomura-asset.co.uk/responsible-investment/esg-sustainable-investment/. Product related disclosures regarding Nomura Funds Ireland plc and its sub-funds can be found in the prospectus. Nomura Funds Ireland – US High Yield Bond Continuum Fund is an Art. 8 fund according to SFDR.
Nomura Funds Ireland plc is an open-ended investment company with variable capital, incorporated in Ireland on 13th April, 2006 under the Act with registration number 418598. The Fund has been authorised by the Central Bank as an UCITS pursuant to the UCITS Regulations. The Fund is structured as an umbrella fund consisting of different Sub-Funds each comprising one or more Classes. The Fund has segregated liability between each of its Sub-Funds.
Full information on the presented funds, which is relevant for an investment decision, can be found in the fund´s most recent sales prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) – as appropriate for your relevant jurisdiction – and annual and semi-annual reports. The UCITS KIIDs are available in English and, for the PRIIPs KIDs, in the official language of the countries in which the fund is registered for distribution. Performance in the past is no guarantee of future success. There can be no guarantee that the fund´s investment objective will actually be achieved.
A summary of investor rights in English and information on collective redress mechanisms are available at https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf . Nomura Asset Management U.K. Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state other than its home member state.
