Aegon High Yield Bond

Introduction to the fund

Managed by Thomas Hanson and Mark Benbow, this is an unconstrained and high-conviction global high-yield fund. Their approach is bottom-up focused, with an emphasis on deep, fundamental credit analysis. They complement this by a structured top-down process that governs overall risk. They have a flexible mandate that allows them to maximise their opportunity set by avoiding unwanted constraints imposed by a benchmark. This flexibility also allows the team to operate nimbly and exploit any market opportunities and inefficiencies.

Fund manager

Mark Benbow, Thomas Hanson

Thomas Hanson is the co-manager of this fund. He is the head of European high yield at Aegon and a member of the global leveraged finance team. Prior to his current role, Thomas worked for Janus Henderson Investors, where he was manager of various high yield bond funds. He has been in the industry since 2000 and started with Aegon in 2019. He is a CFA charterholder.

Thomas is joined on the fund by co-manager Mark Benbow. Mark is a member of the global leverage finance team and specialises in high yield bonds. Prior to his current role, Mark worked for Scottish Widows Investment Partnership, where he was an analyst on the global equities team. He has been in the industry since 2008 and started with Aegon in 2015.

Opinion on fund

This fund differentiates itself from its peers through its high conviction and flexible approach, while also having a depth of experience on the team. The managers on this fund spend 100% of their time on the asset class, while also tapping into their extensive team of research analysts. The strategy’s flexibility allows the team to operate nimbly and exploit any market opportunities and inefficiencies. The fund has an excellent track record in recent years.

Fund performance

Documents

Key facts

  • Fund size

    £1,446.5m

  • Chelsea rating

    Buy

  • Core Selection

    No

  • Chelsea Risk Rating

    4

  • AMC

    0.55%

  • OCF

    0.58%

  • Unit Type

    Acc and Inc

  • Yield

    7.09%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
Information icon

Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.