CVC Income & Growth
Company Notes
Resilience in Recession
CVC Income & Growth* aims to provide shareholders with regular income returns and capital appreciation from a diversified portfolio of sub investment grade debt instruments. The fund is focused on capital preservation, aiming to deliver low volatility and low correlation. Pieter Staelens has been lead manager since August 2020. The portfolio is split between two sub-strategies: Performing Credit, consisting of core income investments; and Credit Opportunities, including higher-yielding credits with greater potential for capital growth. The fund targets a medium-term total return of 8% p.a. and pays a prospective annual dividend of 6p/6c per share. Since its launch, the Sterling class has outperformed the CS Western European Leveraged Loan Index (+33%), the CS Western European High Yield Index (+28%) and the Debt – Loans & Bonds peer group (+42%) on both a NAV (+54%) and share price (+43%) total return basis. On 21 September, CVC Income & Growth published its interim results for the six months to 30 June 2022. We spoke to portfolio manager Pieter Staelens on the same day.
*Denotes a corporate broking client of Winterflood Securities
To see this content in full, please log in to your account.
Client log in
Please note that this website is part of Winterflood's research service and therefore only available to MiFID II compliant research clients. For further information please e-mail research@winterflood.com