Annual report: Period Ended 31 December 2012 - Invesco Perpetual
Annual report: Period Ended 31 December 2012 - Invesco Perpetual
Annual report: Period Ended 31 December 2012 - Invesco Perpetual
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10 City Merchants High Yield Trust Limited<br />
Investments in Order of Valuation<br />
at <strong>31</strong> <strong>December</strong> <strong>2012</strong><br />
Market<br />
Moody/S&P Country of Value % of<br />
Issuer Issue Rating Sector Incorporation £’000 Portfolio<br />
LBG Capital 7.975% 15 Sep 2024 B1/BB Financials UK 3,764 3.20<br />
6.385% 12 May 2020 Ba3/BB+ 1,210 1.03<br />
9% 15 Dec 2019 Ba3/BB+ 1,071 0.91<br />
6.439% 23 May 2020 B1/BB 803 0.68<br />
16.125% 10 Dec 2024 Ba3/BB+ 141 0.12<br />
6,989 5.94<br />
Société Genérale 8.875% FRN <strong>Perpetual</strong> Ba2/BBB– Financials France 4,184 3.56<br />
Premier Farnell 89.2P Cum Cnv Red Prf NR/NR Industrials UK 3,814 3.25<br />
General Motors Warrants 10 Jul 2019 Equity Consumer Goods USA 3,325 2.83<br />
Warrants 10 Jul 2016 Equity 360 0.<strong>31</strong><br />
3,685 3.14<br />
Aviva 6.125% <strong>Perpetual</strong> A3/BBB Financials UK 3,414 2.90<br />
Vedanta Resources 4% Cnv 30 Mar 2017 NR/BB Basic Materials UK 2,148 1.83<br />
8.25% 07 Jun 2021 Ba3/BB 678 0.58<br />
2,826 2.41<br />
Intesa Sanpaolo 8.375% FRN <strong>Perpetual</strong> Ba2/BB+ Financials Italy 2,622 2.23<br />
CEMEX – S.A.B. 4.875% Cnv 15 Mar 2015 NR/NR Consumer Goods Mexico 1,991 1.69<br />
– España 9.25% 12 May 2020 NR/B– Spain 574 0.49<br />
2,565 2.18<br />
Credit Agricole 7.589% FRN <strong>Perpetual</strong> Ba2/BBB– Financials France 2,001 1.70<br />
8.125% FRN <strong>Perpetual</strong> Ba2/BBB– 511 0.44<br />
2,512 2.14<br />
Balfour Beatty 10.75P Gross Cum Cnv Red Prf NR/NR Industrials UK 2,269 1.93<br />
Abengoa 6.875% Cnv 24 Jul 2014 NR/NR Industrials Spain 1,144 0.97<br />
8.5% <strong>31</strong> Mar 2016 B1/B+ 821 0.70<br />
4.5% Cnv 03 Feb 2017 NR/NR 300 0.26<br />
2,265 1.93<br />
REA Finance 9.5% <strong>31</strong> Dec 2017 NR/NR Consumer Goods Netherlands 2,090 1.78<br />
SSE 5.453% <strong>Perpetual</strong> Baa2/NR Utilities UK 2,084 1.77<br />
Barclays 9.25% <strong>Perpetual</strong> Ba1/BBB Financials UK 1,069 0.91<br />
6.625% 30 Mar 2022 Baa3/BBB+ 955 0.81<br />
2,024 1.72<br />
American International 8.625% FRN 22 May 2068 Baa2/BBB Financials USA 1,203 1.02<br />
Group 8.175% FRN 15 May 2068 Baa2/BBB 803 0.68<br />
2,006 1.70<br />
DFS Furniture 9.75% 15 Jul 2017 B2/B+ Consumer Goods UK 1,940 1.65<br />
Enterprise Inns 6.5% 06 Dec 2018 NR/BB– Consumer Goods UK 1,936 1.65<br />
Catlin Insurance 7.249% FRN <strong>Perpetual</strong> NR/BBB+ Financials USA 1,932 1.64<br />
Citigroup 6.829% FRN 28 Jun 2067 Ba2/BB Financials USA 1,841 1.57<br />
US Common Stock Equity 48 0.04<br />
1,889 1.61
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