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

**Source:** https://fundology.uk/fund/ncyf · ISIN JE00B1LZS514 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, NCYF (CQS New City High Yield Fund Ltd GBP, ISIN JE00B1LZS514) closed at £0.506 on the London Stock Exchange. Over the five years to 30/09/2026 its price changed by −6.3% (income paid out is not included), or −25.9% 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: **£0.506** (30/09/2026).

## Key facts

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

## Past returns (periods to 30/09/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -3.07% | -5.70% | price only |
| 3 years | +5.09% | -4.59% | price only |
| 5 years | -6.30% | -25.90% | price only |

Returns: Fundology, from recorded daily closes. Inflation: ONS 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 +2.0%, 2025 −0.4%; 2026 to 30/09/2026 −1.6%. 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: −2.3%; to 30/09/2025: −0.8%; to 30/09/2024: +7.0%; to 30/09/2023: −6.2%; to 30/09/2022: −4.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -5.0% | -13.1% | Price |
| 2023 | -4.5% | -8.3% | Price |
| 2024 | +2.0% | -1.5% | Price |
| 2025 | -0.4% | -3.8% | Price |
| 2026 to 30/09/2026 | -1.6% | -4.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.20% | -6.90% |
| 3 years | 9.30% | -8.82% |
| 5 years | 11.91% | -24.56% |

## Largest fall

Volatility of CQS New City High Yield Fund Ltd GBP in pounds, annualised from weekly returns to 30/09/2026: 10.2% over 1 year, 9.3% over 3 years, 11.9% over 5 years. Largest fall in the price of CQS New City High Yield Fund Ltd GBP since October 2021, in pounds: −24.6% from 08/10/2021 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 30/09/2026 the price of CQS New City High Yield Fund Ltd GBP was 11.2% below its highest weekly close since October 2021 (08/10/2021), in pounds.

## Charges & eligibility

- ISA eligible: yes
- SIPP eligible: yes

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