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Nomura Funds Ireland – US High Yield Bond Fund

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.

Awards and Ratings

Morningstar Overall Ratings as at 30-09-2021. 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.

 

 

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 4.1 billion (as at 30.09.2021)

Investment Company

Nomura Asset Management U.K. Ltd.

Lead Portfolio Manager

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

Launch Date

31.03.2009

Base Currency

USD

Universe Sector

Morningstar Universe: USD High Yield Bond

IA Sector: Global Bonds

Benchmark

ICE BofA US High Yield Master II Index

Domicile

Ireland (Nomura Funds Ireland Plc)

Lead ISINs

I USD: IE00B3RW8498

I GBP: IE00B3RW8274

I GBP Hedged: IE00B8H9H370

I EUR: IE00B3RW8050

I EUR Hedged: IE00B78FDY06

A USD: IE00B3RW7J78

A EUR: IE00B3RW6Z61

For additional share class information, please contact us.

 

Fund Monthly Factsheet Fund Snapshot
Class I USD
Class A USD
Class I CHF Hedged

For a full list of available share class documents including KIIDs, 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 NAMupdates@nomura-asset.eu

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Important Disclosures 

 

Institutional Investor

Financial Adviser

Private Investor