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Data as at: 10/07/2026
In
Objective
To provide investors with a high gross dividend yield and the potential for capital growth by investing predominantly in fixed interest securities.
AIC sector
Management group
Company website
Launch date
09/12/2004
June
Domicile
Jersey
Fund manager
Ian Francis, Darren Toner
Dividend frequency
Quarterly
Wind-up provisions
At each AGM of the Company, shareholders are given the opportunity to vote on an ordinary resolution to continue the Company as an investment company. If such a resolution is not passed, the Board would put forward proposals at an extraordinary general meeting to liquidate or reconstruct the Company.
Continuation vote
Annually
(Next vote: 2026)
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 361.11 | 375.08 | 52.30 | 48.53 | 7.77 | 10 | 8.64 | Jan, Apr, Jul, Oct | 1.17 (30/06/2025) |
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Dividends
Dividends declared in last 12 months
| Ex-dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 30/04/2026 | 29/05/2026 | 1.000 | No | 2026 |
| 22/01/2026 | 27/02/2026 | 1.000 | No | 2026 |
| 23/10/2025 | 28/11/2025 | 1.000 | No | 2026 |
| 31/07/2025 | 29/08/2025 | 1.510 | No | 2025 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| CQS New City High Yield Fund | Share price total return | 9.4 | 49.0 | 45.9 | 107.1 |
| Debt - Loans & Bonds AIC sector | Share price total return | 7.4 | 45.3 | 41.4 | 111.8 |
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Share structure
Number of shares
690,451,858
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 2,040,342 | 39,886,086 | 407,031,455 | 1,373,796,410 |
| Average | N/A | 1,813,000 | 1,608,820 | 1,088,590 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 1.07 | 20.60 | 207.71 | 706.24 |
| Average | N/A | 0.94 | 0.82 | 0.56 |
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Trading details
| ISIN | Ticker | Traded currency | Stock exchange |
|---|---|---|---|
| JE00B1LZS514 | NCYF | GBX | London Stock Exchange - MAIN Chi-x Europe Limited London Stock Exchange |
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Top holdings
Data as at : 31/05/2026
| Investment | % of total assets |
|---|---|
| Shawbrook Group 12.103% Perp | 4.4 |
| Stonegate Pub Company Financing 2019 PLC 10.75 | 4.2 |
| TVL Finance PLC 10.25% | 4.2 |
| Sherwood Financing PLC 9.625% | 3.6 |
| Cidron Aida Finco S.r.l. 9.13 | 3.4 |
| Bellis Acquisition Co PLC 8.125% | 3.1 |
| Barclays Plc 8.875% Perp | 2.8 |
| Pizza Express 9.875% 15Augl29 Regs | 2.7 |
| Aston Martin Capital Holdings Ltd. 10.38 | 2.5 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
