Investment trust
NCYF CQS New City High Yield Fund Ltd GBP
ISIN JE00B1LZS514London Stock Exchange: NCYF
- Investment trusts
- Investment trust
- ISA
- SIPP
Latest close
LSE£0.485
on
As of , at least 15 min delayed
At a glance
As of 13/11/2026, NCYF (CQS New City High Yield Fund Ltd GBP, ISIN JE00B1LZS514) closed at £0.485 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by −12.5% (income paid out is not included), or −31.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −4.7%
- −8.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +2.3%
- −7.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −12.5%
- −31.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £875 on 13/11/2026 — about £683 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of CQS New City High Yield Fund Ltd GBP in pounds (price only, income paid out not included): 2022 −5.0%, 2023 −4.5%, 2024 +2.4%, 2025 −0.4%; 2026 to 13/11/2026 −6.0%. Returns of CQS New City High Yield Fund Ltd GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.1%; to 30/09/2025: 0.0%; to 30/09/2024: +7.0%; to 30/09/2023: −6.2%; to 30/09/2022: −3.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −6.0% | −9.0% | |
| to | −0.4% | −3.8% | |
| to | +2.4% | −1.1% | |
| −4.5% | −8.3% | ||
| −5.0% | −13.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −3.1% | −6.5% |
| from | 0.0% | −3.9% |
| from | +7.0% | +4.2% |
| from | −6.2% | −11.8% |
| from | −3.7% | −11.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
11.6%over 5 years
| 1 year | 10.1% |
|---|---|
| 3 years | 9.4% |
| 5 years | 11.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −24.3%
- From to
- Lowest 12-month return
- −18.3%
- 12 months to
- Highest 12-month return
- +21.1%
- 12 months to
- Below its highest weekly close since November 2021
- 14.6%
- High of , latest
In words: Volatility of CQS New City High Yield Fund Ltd GBP in pounds, annualised from weekly returns to 13/11/2026: 10.1% over 1 year, 9.4% over 3 years, 11.6% over 5 years. Largest fall in the price of CQS New City High Yield Fund Ltd GBP since November 2021, in pounds: −24.3% from 21/01/2022 to 18/08/2023. The lowest 12-month return of CQS New City High Yield Fund Ltd GBP in pounds (price only, income paid out not included) since January 2021 was −18.3% (12 months to 18/08/2023); the highest was +21.1% (12 months to 12/07/2024). On 13/11/2026 the price of CQS New City High Yield Fund Ltd GBP was 14.6% below its highest weekly close since November 2021 (21/01/2022), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
In plain English
CQS New City High Yield Fund Ltd GBP is an investment trust.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Investment trusts: Companies on the stock exchange that invest in other assets. Their share price can be above or below the value of what they own.
Key facts
- Ticker
- NCYF
- ISIN
- JE00B1LZS514
- Structure
- Investment trust
- A company listed on the stock exchange that invests in other assets; its price can differ from the value of what it holds.
- Domicile
- Jersey
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Investment trusts
Price chart
Over the last year, the closing price went from £0.506 on 14/11/2025 to £0.485 on 13/11/2026 (−4.2%). The lowest close shown was £0.483 on 06/11/2026 and the highest £0.524 on 24/07/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ISIN of NCYF?
The ISIN of NCYF is JE00B1LZS514. An ISIN identifies one exact share class of a fund; NCYF is its ticker on the London Stock Exchange.
What were NCYF’s returns in each of the last five years?
Calendar-year returns of NCYF in pounds (price only, income paid out not included): 2022 −5.0%, 2023 −4.5%, 2024 +2.4%, 2025 −0.4%; 2026 to 13/11/2026 −6.0%. Past performance is not a guide to future returns.
How has NCYF done after inflation?
Over the five years to 13/11/2026 NCYF’s price changed by −12.5% (income paid out is not included), or −31.7% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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