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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City Merchants High Yield Trust Limited 13<br />
Market<br />
Moody/S&P Country of Value % of<br />
Issuer Issue Rating Sector Incorporation £’000 Portfolio<br />
Mark IV Europe 8.875% 15 Dec 2017 Ba3/BB– Industrials Luxembourg 391 0.33<br />
Principality Building 7% <strong>Perpetual</strong> B1/NR Financials UK 390 0.33<br />
Society<br />
Telenet Finance 6.75% 15 Aug 2024 Ba3/B+ Consumer Services Luxembourg 216 0.18<br />
6.25% 15 Aug 2022 Ba3/B+ 172 0.15<br />
388 0.33<br />
Ono Finance II 11.125% 15 Jul 2019 Caa1/B– Consumer Services Ireland 387 0.33<br />
Rain Cii Carbon 8.5% 15 Jan 2021 B1/BB– Industrials USA 377 0.32<br />
Schaeffler Finance 8.5% 15 Feb 2019 Ba3/B+ Industrials Netherlands 346 0.30<br />
Codere 8.25% 15 Jun 2015 Caa2/CCC Consumer Services Luxembourg 334 0.28<br />
Beverage Packaging 9.5% 15 Jun 2017 Caa2/CCC+ Industrials Luxembourg 295 0.25<br />
Ciech 9.5% 30 Nov 2019 B2/B Basic Materials Poland 292 0.25<br />
Skipton Building Society 10% FRN 12 Dec 2018 Ba2/NR Financials UK 253 0.23<br />
Aperam 7.75% 01 Apr 2018 B3/B+ Industrials Luxembourg 216 0.18<br />
Lecta 8.875% 15 May 2019 B1/B+ Industrials Luxembourg 216 0.18<br />
Rothschilds Continuation 1% FRN <strong>Perpetual</strong> NR/NR Financials Netherlands 216 0.18<br />
Finance<br />
SPCM 5.5% 15 Jun 2020 NR/BB Basic Materials France 215 0.18<br />
KM Germany 8.75% SNR 15 Dec 2020 B2/B– Financials Germany 203 0.17<br />
KP Germany Erste 11.625% 15 Jul 2017 Caa1/CCC Industrials Germany 180 0.15<br />
Investec 7.075% VAR <strong>Perpetual</strong> B1/NR Financials UK 139 0.12<br />
FAGE International 9.875% 01 Feb 2020 B3/B Consumer Goods Greece 115 0.10<br />
Brazilian Resources Common Stock Equity Oil and Gas Canada 112 0.10<br />
Pearl 6.5864% FRN <strong>Perpetual</strong> NR/NR Financials UK 111 0.09<br />
Motors Liquidation Unit Trust Equity Consumer Goods USA 111 0.09<br />
HellermannTyton FRN 15 Dec 2017 B2/B+ Industrials UK 90 0.08<br />
Finance<br />
Pittards Ordinary shares Equity Consumer Goods UK 82 0.07<br />
Corero Network Ordinary shares Equity Technology UK 67 0.06<br />
Securities<br />
Rivington 8% Cnv 30 Jun 2015 NR/NR Financials UK 50 0.04<br />
0% Cnv 13 Dec 2013 NR/NR 3 —<br />
53 0.04<br />
Cattles 7.125% 05 Jul 2017 NR/NR Financials UK <strong>31</strong> 0.03<br />
6.875% 17 Jan 2014 NR/NR 3 —<br />
34 0.03<br />
Pfleiderer Finance 7.125% FRN <strong>Perpetual</strong> WR/NR Industrials Netherlands 5 —<br />
Welsh Power C’ Shares Unquoted Equity Utilities UK 2 —<br />
GMA Resources Ordinary shares Equity Basic Materials UK 1 —<br />
117,527 100.0<br />
Abbreviations used in the above valuation:<br />
Cnv: Convertible<br />
Cum: Cumulative<br />
FRN: Floating Rate Note<br />
Irrd: Irredeemable<br />
Nts:<br />
Prf:<br />
Red:<br />
VAR:<br />
Notes<br />
Preference<br />
Redeemable<br />
Variable
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