Investment Trusts

CQS New City High Yield Fund Ltd

NCYF:LSE

CQS New City High Yield Fund Ltd

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  • Price (GBX)51.40
  • Today's Change0.000 / 0.00%
  • Shares traded1.29m
  • 1 Year change-0.39%
  • Beta0.2944
Data delayed at least 20 minutes, as of Feb 17 2026 16:39 GMT.
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About the company

CQS New City High Yield Fund Limited is a Jersey-based closed-ended investment company. The Company holds a variety of different investments in a range of issues located in different geographies and operating in different sectors. Its objective is to provide investors with a high gross dividend yield and the potential for capital growth by mainly investing in high yielding fixed interest securities. The Company invests predominantly in fixed income securities, including, but not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income yielding securities. The Company's classification of investment portfolio by sector includes financials, energy, industrials, consumer discretionary, consumer staples, information technology, communication services, real estate and materials. CQS (UK) LLP is the investment manager of the Company.

  • Revenue in GBP (TTM)23.29m
  • Net income in GBP17.46m
  • Incorporated2007
  • Employees0.00
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Profile

Management group(s)CQS (UK) LLP
AIC sectorDebt - Loans & Bonds
ISINJE00B1LZS514
Launch date09 Dec 2004
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The investment objective is to provide investors with a high gross dividend yield and a potential for capital growth by mainly investing in high yielding fixed interest securities. The Company invests predominantly in fixed income securities, including, but not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income- yielding securities.

Managed by

Ian Francis

Management & contract fees

Management fee is 0.8% p.a. of total assets up to GBP 200m ,0.70% p.a. of the total assets from GBP200 m to GBP300 m,and 0.60% p.a. in excess of GBP 300m. Management agreement terminable by either party on 12 months notice.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Castelnau Group Ltd16.28m6.57m319.33m5.0049.080.944148.6219.620.01950.01950.04991.010.0399--16.023,255,176.001.61--2.00--53.15--40.35------0.172--822.92--1,153.92------
Aberdeen New India Investment Trust PLC-64.88m-64.50m328.01m0.00--0.8695-----1.34-1.34-1.368.51-0.1337-------13.2912.14-13.9313.05--94.65--78.09---42.690.05470.00-53.88---65.42------
CC Japan Income and Growth Trust PLC70.19m65.62m332.78m0.005.071.03--4.740.4870.4870.52092.410.233--17.01--21.7814.4622.2514.7396.9995.3193.4990.22--130.920.0020.3567.31--72.99----5.10
Jpmorgan Asia Growth & Income PLC53.92m50.62m343.34m0.006.971.07--6.370.73130.73130.74624.760.1617--24.52--15.185.0615.405.0996.4690.6793.8881.83----0.0085.2816.777.4425.298.29--8.36
Foresight Solar Fund Ltd12.23m4.57m344.10m0.0079.770.5776--28.130.00790.00790.02151.090.0194--5.96--0.72427.740.72577.7452.4489.1037.3986.95----0.0081.721,253.22--132.38----3.43
Henderson High Income Trust plc49.31m43.68m345.82m0.007.981.07--7.010.25570.25570.29011.900.1279--16.42--11.333.2713.013.7389.9974.2188.5869.49----0.0573146.8022.92-10.6821.27-13.23--1.58
CQS New City High Yield Fund Ltd23.29m17.46m346.13m0.0017.031.06--14.860.03020.03020.04020.48370.0706--4.89--5.297.656.108.8879.5186.3374.9482.14----0.1181107.14-52.67---59.80----0.2232
CT UK Capital and Income Invst Trust PLC22.27m18.87m347.21m0.0018.811.04--15.590.19450.19450.2263.510.0615--18.71--5.219.645.5510.4088.8893.3184.7591.53----0.042737.56-62.56---66.03----2.48
Seraphim Space Investment Trust PLC56.94m52.99m347.50m0.006.561.24--6.100.22350.22350.241.190.2233--3,163.06--20.78--20.81--94.9081.8293.0673.71----0.000.00444.62--687.53------
Baillie Gifford Shin Nippon PLC12.70m7.44m350.41m0.0051.660.997--27.590.02770.02770.04561.430.027--3.30--1.58-4.431.91-4.7470.30--58.60------0.00--67.02--62.81------
Octopus Titan VCT PLC-44.71m-68.30m354.26m0.00--0.4504-----0.041-0.041-0.02690.4773-0.0532-------8.13-5.92-8.14-6.09------------0.00---1.57--1.24------
Dunedin Income Growth Investmnt Trst PLC14.02m8.75m361.37m0.0044.340.944--25.770.06790.06790.10413.190.029--1.95--1.813.721.893.8373.9385.4362.4479.90----0.1084105.1940.11-15.6448.59-17.13--2.26
Intuitive Investments Group PLC-3.35m-4.28m364.89m0.00--1.01-----0.0203-0.0203-0.0161.50-0.0105-------1.34---1.34--------------0.00---316.92---87.42------
Pensionbee Group PLC36.69m-4.52m365.19m193.00--11.33--9.95-0.019-0.0190.15760.13541.30--13.61190,114.00-15.98-58.69-19.94-65.37-----12.33-78.70----0.0066--39.4156.4370.33--10.23--
BlackRock Frontiers Investment Trust PLC53.32m43.20m369.70m0.008.561.13--6.930.22830.22830.28171.730.1633--15.61--13.2316.1513.8016.9284.6287.7181.0284.88--980.060.0000425.775.08--0.5449----7.39
Polar Capital Global Fincls Trust PLC110.56m99.29m370.97m0.006.981.07--3.360.32690.32690.36422.130.1621--10.48--14.566.8415.537.2496.2092.4789.8080.02--25.160.107735.872,871.3139.671,160.0641.60--1.33
Data as of Feb 17 2026. Currency figures normalised to CQS New City High Yield Fund Ltd's reporting currency: UK Pound GBX

Institutional shareholders

2.97%Per cent of shares held by top holders
HolderShares% Held
BlackRock Investment Management (UK) Ltd.as of 13 Feb 20268.36m1.25%
Vanguard Asset Management Ltd.as of 30 Nov 20253.36m0.50%
Activus Wealth Ltd.as of 31 Aug 20252.45m0.37%
Legal & General Investment Management Ltd.as of 31 Dec 20251.74m0.26%
State Street Global Advisors Ltd.as of 05 Feb 20261.07m0.16%
Geode Capital Management LLCas of 31 Dec 20251.04m0.16%
abrdn Investments Ltd.as of 30 Jan 2026569.74k0.09%
HSBC Global Asset Management (UK) Ltd.as of 31 Dec 2025465.94k0.07%
BlackRock Advisors (UK) Ltd.as of 31 Dec 2025427.79k0.06%
Ignis Investment Services Ltd.as of 30 Apr 2025394.95k0.06%
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Data from 31 Jul 2025 - 12 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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