CQS New City High Yield Fund Limited

IFC 1, The Esplanade, Saint Helier, JE1 4BP, Jersey , London, Greater London, United Kingdom
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Business Name: CQS New City High Yield Fund Limited (LSE: NCYF)

Business Headquarter: Jersey, Channel Islands, Saint Helier

Business Category: Investment Trust / Closed-Ended Investment Fund

CQS New City High Yield Fund Limited is a Jersey-incorporated closed-ended investment company dedicated to providing investors with a high gross dividend yield and the potential for long-term capital growth. We achieve this by primarily investing in a diversified portfolio of high-yielding fixed-interest securities, including corporate bonds, loan stocks, and preference shares.

Our value proposition lies in our specialized focus on "un-rated" and "mid-market" debt instruments that are often overlooked by larger institutional investors. This allows our portfolio managers to identify attractive risk-adjusted returns in sectors such as financials, energy, and industrials. In 2026, the Fund continues to distinguish itself through its commitment to a quarterly dividend policy, which has seen consistent delivery for over 15 years. Managed by Ian "Franco" Francis, the Fund leverages a "bottom-up" security selection process, emphasizing strong cash flows and robust balance sheets to navigate varying interest rate environments and deliver resilient income for shareholders.

Business Helpdesk Number: 02072016900 (Investment Manager) / 01534815216 (Company Secretary)

Founder Name: Formed via the management of New City Investment Managers (now part of Manulife)

Founded Date: 17 January 2007

Phone Number: 02072016900

Email Address: contactncim@cqsm.com

Website URL: https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Physical Address: IFC 1, The Esplanade, Saint Helier, JE1 4BP, Jersey

Landmark: Near The Esplanade / Jersey International Finance Centre

Service or Products: Ordinary Shares (NCYF), High-Yield Bond Portfolio Management, Fixed Income Investment Strategy, Quarterly Dividend Distributions.

Amenities: Online Monthly Factsheets, Annual General Meetings, Quarterly Dividend Payments, Daily NAV Reporting on LSE.

Accepted Payment Methods: Public Equity Trading (London Stock Exchange), Institutional Settlement (CREST), Dividend Reinvestment Plans.

Languages Supported: English.

Specialization: High-Yield Fixed Income, Corporate Bonds, Financial Sector Debt, UK Mid-Market Credit.

Certifications: Regulated by the Jersey Financial Services Commission (JFSC), Listed on the London Stock Exchange (Main Market).

Social Media Links: LinkedIn, YouTube (Investor Meet Company)

Business Registration Number: 95691 (Jersey)

Brand Association Name: CQS, New City Investment Managers, Manulife Investment Management.

Working Hours: Monday–Friday: 09:00 – 17:30 (Market Trading: 08:00 – 16:30).

Year Founded: 2007

Service Area Radius: National (UK Investors) and International (Jersey-based Fund)

Brands: NCYF, CQS.

Number of Employees: Managed by Manulife/CQS (Group employs 1,000+ globally).

Associations: Association of Investment Companies (AIC), London Stock Exchange.

FAQs

1. What is the difference between this fund and an open-ended "High Yield" bond fund?
As a closed-ended investment trust, NCYF has a fixed number of shares and can trade at a premium or discount to its actual assets. It also has the ability to use "gearing" (borrowing) to enhance returns, a tool not available to most standard bond funds.

2. How frequently does the fund pay dividends?
The Fund is well-known for its quarterly payment schedule. Dividends are typically declared in October, January, April, and July, with the final payment of the financial year often being slightly higher.

3. Who is the Lead Portfolio Manager?
The Fund is led by Ian "Franco" Francis, who has managed the strategy since its inception in 2007 and has over 40 years of experience in convertible bonds and high-yield trading.

4. Where is the fund legally based?
The Fund is incorporated in Jersey, which is a leading international finance center. However, its primary listing is on the London Stock Exchange, and it is managed by a team based largely in London.

5. Does the fund invest in equities?
While the primary focus is fixed-interest securities (bonds), the investment policy allows for a portion of the portfolio to be held in equities and other income-yielding securities if the manager identifies superior value.

Note: As of March 2026, the Fund continues to maintain its position as a top-tier provider of high quarterly dividends in the UK market. Following the acquisition of its investment manager, CQS (UK) LLP, by Manulife Investment Management in 2024, the Fund has successfully integrated into the Manulife platform while retaining its core investment team and specialist "high-yield" focus. The Fund remains one of the few investment trusts consistently trading at a premium to its Net Asset Value (NAV).

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Business summaryCQS New City High Yield Fund (NCYF) targets high dividend yields and capital growth through expert management of fixed-interest securities and corporate bonds.
Year of Establishment2007
AssociationsAssociation of Investment Companies (AIC), London Stock Exchange.

Support

Contact the official CQS New City High Yield Fund Limited Support Number for fast, reliable assistance in the Business Services industry. The CQS New City High Yield Fund Limited customer care team is available to handle inquiries. You can also access the CQS New City High Yield Fund Limited official website at ncim.co.uk/cqs-new-city-high-yield-fund-ltd/ for complete service details. For written queries, use the CQS New City High Yield Fund Limited support email. Located at IFC 1, The Esplanade, Saint Helier, JE1 4BP, Jersey, London, Greater London United Kingdom.

Reach the CQS New City High Yield Fund Limited contact number to connect with verified experts in the Business Services sector. The CQS New City High Yield Fund Limited helpline offers quick resolutions and trusted guidance. You can also contact the CQS New City High Yield Fund Limited support team through official CQS New City High Yield Fund Limited email for professional assistance.