Why Jupiter Global High Yield Bond?
The Jupiter Global High Yield Bond Fund aims to achieve income and capital growth over the medium to long term with a focussed portfolio of global high yield corporate bonds. Through a disciplined macro and credit process, we are looking to deliver alpha by identifying those bonds that we think offer the opportunity for the most compelling risk adjusted returns relative to the market. Over time, our objective is to deliver superior total return with strong risk metrics to our investors. Our large and highly experienced team of credit analysts are dedicated to undertaking detailed due diligence on issuers and individual issues in the search for alpha.
Key characteristics of the fund
- At least 70% must be invested in high yield corporate bonds.
- Expected number of issuers: between 100 and 200.
- Limits to exposure outside core high yield mandate (including CoCos, unrated, emerging markets).
- Benchmark: ICE BofA Global high yield constrained.
Investment philosophy
ACTIVE
- Active, intensively researched credit selection as key driver of risk-adjusted returns
- Sweat the asset class
PRAGMATIC
- Fund positioning must reflect our evolving views of a changing world
- We are not inherently aggressive, or defensive, or long duration, or short duration
RISK AWARE
- Preserve capital and avoid idiosyncratic downside risk
- Robust risk metrics
- Sell discipline
In-depth process
Our investment process takes a holistic, highly repeatable approach with a view to ensuring appropriate positioning throughout the market cycle.
Artice 8 under SFDR
- The Fund promotes environmental and social characteristics within the scope of Article 8 of the EU’s Sustainable Finance Disclosure Regulation (SFDR) but does not have a sustainable investment objective.
- ESG is not a separate consideration but rather an integral part of the investment process from both a top-down and bottom-up analysis.
Investment restrictions
X Any involvement with controversial weaponry (anti-personnel mines, cluster munitions, chemical weapons and biological weapons).
X Thermal coal (if revenue from such activity exceeds 10% of company’s total revenue).
X Tobacco, tobacco-based products (if revenue from such activity exceeds 10% of company’s total revenue).
X Production of adult content (if revenue from such activity exceeds 10% of company’s total revenue).
X UNGC violators (according to manager’s assessment).
Meet the team
Jupiter’s Fixed Income team has a long history of investing in high yield as a cornerstone of our flagship flexible bond strategy since its inception in 2008. Our large and highly experienced team of credit analysts are dedicated to undertaking detailed due diligence on issuers and individual issues in the search for alpha. As such, the Jupiter Global High Yield Bond fund is a natural building block in our overall fixed income suite of products.
Adam Darling
Investment Manager, Fixed Income
Joined Jupiter's Fixed Income team in Feb 2015
24 years of experience
Source: Jupiter, as at 30.04.25.
*This number is the total number of Investment Professionals working as Investment Manager, Investment Analyst, Credit Research Analyst or Fixed Income Trader. The total figure is lower than the sum of Investment Managers, Investment Analysts, Credit Research Analysts and Fixed Income Trader since some Investment Managers also carry Credit Research responsibilities.
Fund specific risks
- Interest Rate Risk - The Fund can invest in assets whose value is sensitive to changes in interest rates (for example bonds) meaning that the value of these investments may fluctuate significantly with movement in interest rates.e.g. the value of a bond tends to decrease when interest rates rise
- Pricing Risk - Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.
- Contingent convertible bonds - The Fund may invest in contingent convertible bonds. These instruments may experience material losses based on certain trigger events. Specifically, these triggers may result in a partial or total loss of value, or the investments may be converted into equity, both of which are likely to entail significant losses.
- Credit Risk - The issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due.
- Derivative risk - The Fund may use derivatives to reduce costs and/or the overall risk of the Fund (this is also known as Efficient Portfolio Management or "EPM"). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund.
- Counterparty Default Risk - The risk of losses due to the default of a counterparty on a derivatives contract or a custodian that is safeguarding the Fund's assets.
- Sub investment grade bonds - The Fund may invest a significant portion of its assets in securities which are those rated below investment grade by a credit rating agency. They are considered to have a greater risk of loss of capital or failing to meet their income payment obligations than higher rated investment grade bonds.
- Charges from capital - Some or all of the Fund’s charges are taken from capital. Should there not be sufficient capital growth in the Fund this may cause capital erosion.
For a more detailed explanation of risk factors, please refer to the "Risk Factors" section of the Prospectus.
Important information
This is a marketing communication. Please refer to the latest sales prospectus of the sub-fund and to the Key Information Document (KID) (for investors in the EU)/ Key Investor Information Document (KIID) (for investors in the UK), particularly to the sub-fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions.
This document is intended for investment professionals and is not for the use or benefit of other persons, including retail investors.
This document is for informational purposes only and is not investment advice. Market and exchange rate movements can cause the value of an investment to fall as well as rise, and investors may get back less than originally invested. Initial charges are likely to have a greater proportionate effect on returns if investments are liquidated in the shorter term.
Past performance is not a guide to future performance. Holding examples are for illustrative purposes only and are not a recommendation to buy or sell. Quoted yields are not a guide or guarantee for the expected level of distributions to be received. The yield may fluctuate significantly during times of extreme market and economic volatility. Awards and Ratings should not be taken as a recommendation. The views expressed are those of the Fund Manager(s) / author(s)] at the time of writing/preparation, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances. Every effort is made to ensure the accuracy of the information provided but no assurance or warranties are given.
This is not an invitation to subscribe for shares in the Jupiter Global Fund (the Company), or any other fund managed by Jupiter Asset Management Limited or Jupiter Asset Management International S.A.. The Company is a UCITS fund incorporated as a Société Anonyme in Luxembourg and organised as a Société d’Investissement à Capital Variable (SICAV).
This information is only directed at persons residing in jurisdictions where the Company and its shares are authorised for distribution or where no such authorisation is required.
The sub fund(s) may be subject to various other risk factors, please refer to the latest sales prospectus for further information.