Fact sheet: Blackstone/GSO Loan Fin Ltd

Fund information
Fund name
Blackstone/GSO Loan Financing Limited
Fund manager company
Blackstone Group
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
The Company’s investment objective is to provide shareholders with stable and growing income returns, and to grow the capital value of its investment portfolio by exposure predominantly to floating rate senior secured loans, both directly and indirectly. The Company achieves its investment objective solely through its investment in Blackstone / GSO Corporate Funding (“BGCF”), which is an investor in floating rate senior secured loans. BGCF funds its investment in loans using a variety of funding sources, including equity capital, its 3-year syndicated financing facility, notes issued to the Company, and non-recourse leverage obtained from retaining Income Notes in collateralised loan obligations (“CLOs”) that BGCF has established.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
25.6%
1 Year rank in sector
2/23
Sector
IT Debt
Yield
9.2%
Fund size
£419m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
99
Mid price
1.035
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1.0027
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+3.22
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Fair Oaks Inc Ltd33.6%
Blackstone/GSO Loan Fin Ltd25.6%
Volta Finance Limited21.4%
CVC CrdPrtnrsEurpnOpLd20.2%
Honeycomb Invt Trs Plc19.8%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • USA31.8%
    Others23.1%
    UK13.8%
    France12.2%
    Germany11.5%
  • Others55.5%
    Pharmaceuticals13.6%
    Building & Construction8.5%
    Leisure & Hotels7.9%
    Business Services7.8%
  • US Fixed Interest31.8%
    Global Fixed Interest23.1%
    UK Fixed Interest13.8%
    French Fixed Interest12.2%
    German Fixed Interest11.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%2.9%11.6%25.6%--
Sector0.8%2.3%6.3%15.8%14.9%26.5%
Rank within sector15 / 2714 / 2610 / 242 / 23--
Quartile3rd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund7.2%13%5.3%--
Sector4.7%11.3%-2.6%2.4%9.2%
Rank within sector12 / 252 / 233 / 14--
Quartile2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high1.06
52 week low0.91
Current bid price1.02
Current offer price1.05
Current mid price1.04
Region
1USA31.8%
2Others23.1%
3UK13.8%
4France12.2%
5Germany11.5%
6Netherlands7.6%
Industry sector
1Others55.5%
2Pharmaceuticals13.6%
3Building & Construction8.5%
4Leisure & Hotels7.9%
5Business Services7.8%
6Media6.7%
Asset type
1US Fixed Interest31.8%
2Global Fixed Interest23.1%
3UK Fixed Interest13.8%
4French Fixed Interest12.2%
5German Fixed Interest11.5%
6Dutch Fixed Interest7.6%
Individual holdings
1NUMERICABLE1.8%
2XELLA1.7%
3INEOS1.5%
4EURO GARAGES1.4%
5ZIGGO FINANCE1.4%
6EIRCOM1.2%
7VERALLIA1.2%
8WIND ACQUISITION1.2%
9AMAYA INC1.1%
Management
Fund manager group
No data available.
Fund manager company
Blackstone Group
Fund type
Investment Trust
Fund objective
The Company’s investment objective is to provide shareholders with stable and growing income returns, and to grow the capital value of its investment portfolio by exposure predominantly to floating rate senior secured loans, both directly and indirectly. The Company achieves its investment objective solely through its investment in Blackstone / GSO Corporate Funding (“BGCF”), which is an investor in floating rate senior secured loans. BGCF funds its investment in loans using a variety of funding sources, including equity capital, its 3-year syndicated financing facility, notes issued to the Company, and non-recourse leverage obtained from retaining Income Notes in collateralised loan obligations (“CLOs”) that BGCF has established.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund manager
No data available.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
Jersey, Offshore
Blackstone/GSO Loan Financing Limited
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.02
Offer price1.05
Mid price1.035
CurrencyEUR
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKOGJ
Data provided by

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