# CQS New City High Yield Fund Ltd GBP (NCYF)

**Page:** https://fundology.uk/fund/ncyf · ISIN JE00B1LZS514

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

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.

## Summary

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.

Latest close: **£0.485** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | NCYF |
| ISIN | JE00B1LZS514 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | Jersey |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -4.72% | -8.09% | price only |
| 3 years | +2.32% | -7.56% | price only |
| 5 years | -12.45% | -31.67% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -5.0% | -13.1% | Price |
| 2023 | -4.5% | -8.3% | Price |
| 2024 | +2.4% | -1.1% | Price |
| 2025 | -0.4% | -3.8% | Price |
| 2026 to 13/11/2026 | -6.0% | -9.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.07% | -7.82% |
| 3 years | 9.37% | -9.38% |
| 5 years | 11.62% | -24.30% |

## Largest fall

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.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## 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.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.