Fact sheet: Oaktree OaktNthAmHiYiBd

Fund information
Fund name
Oaktree (Lux) Funds - Oaktree North American High Yield Bond EB
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund managers
  • Sheldon Stonesince 14/06/2013
  • David Rosenbergsince 01/04/2015
Fund objective
Oaktree`s North American High Yield Bond strategy invests in performing bonds of creditworthy North American corporations. Oaktree’s investment philosophy centers around employing a highly disciplined, credit-intensive research approach to construct a risk-controlled portfolio of lower-rated yet creditworthy performing corporate bonds. Risk management is the key tenet of our investment philosophy, and all of our efforts are concentrated in gauging credit risk and avoiding problems. Our investment process is entirely bottom-up, based upon proprietary, company-specific research. We view high yield bond investing as the conscious bearing of credit risk for profit and act as a prudent lender rather than a securities trader. Our business is lending money to lower-rated yet creditworthy companies; the buying and selling of securities is simply the means of accomplishing this end.
Benchmark
  • Citigroup US High Yield Cash Pay Capped
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.8%
1 Year rank in sector
8/46
Sector
FO Fixed Int - USD High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.81%
Fund size
£36m (£76m last year)
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd28.7%
Old Mutual MtyInc HiYdBd26.5%
Allianz US Hi Yd24.6%
UBS LBdSICVAsnHiYld$13.2%
GS AsHiYiBoPo11.8%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • USA93.9%
    Canada4.4%
    UK0.7%
    Ireland0.6%
    Germany0.4%
  • BB-19.1%
    B+18%
    B16.6%
    BB15.7%
    B-8.9%
  • US Fixed Interest93.9%
    Canadian Fixed Interest4.4%
    UK Fixed Interest0.7%
    Irish Fixed Interest0.6%
    German Fixed Interest0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%5.2%9%8.8%11.3%33.6%
Sector0.2%4.4%7.8%7.4%10.5%35.6%
Rank within sector36 / 4621 / 4616 / 468 / 46--
Quartile4th2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund13%-5.3%0.5%4.8%13.3%
Sector10.1%-3.1%0.7%6.2%14.1%
Rank within sector5 / 4632 / 41---
Quartile1st4th
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.
-0.45
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.
1.2
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.
0.09
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%.
6.25
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.
1.54
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.
0.16
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.
0.97
Price movement
52 week high105.18
52 week low88.6
Current bid price-
Current offer price-
Current mid price104.92
Region
1USA93.91%
2Canada4.4%
3UK0.67%
4Ireland0.6%
5Germany0.42%
Industry sector
1BB-19.11%
2B+18.02%
3B16.58%
4BB15.73%
5B-8.91%
6BB+7.22%
7BBB-5.57%
8CCC+4.63%
9Non-Rated2.04%
Asset type
1US Fixed Interest93.91%
2Canadian Fixed Interest4.4%
3UK Fixed Interest0.67%
4Irish Fixed Interest0.6%
5German Fixed Interest0.42%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund objective
Oaktree`s North American High Yield Bond strategy invests in performing bonds of creditworthy North American corporations. Oaktree’s investment philosophy centers around employing a highly disciplined, credit-intensive research approach to construct a risk-controlled portfolio of lower-rated yet creditworthy performing corporate bonds. Risk management is the key tenet of our investment philosophy, and all of our efforts are concentrated in gauging credit risk and avoiding problems. Our investment process is entirely bottom-up, based upon proprietary, company-specific research. We view high yield bond investing as the conscious bearing of credit risk for profit and act as a prudent lender rather than a securities trader. Our business is lending money to lower-rated yet creditworthy companies; the buying and selling of securities is simply the means of accomplishing this end.
Benchmark
  • Citigroup US High Yield Cash Pay Capped
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Sheldon Stone14/06/2013Mr. Stone is the head of Oaktree’s high yield bond area. In this capacity, he serves as co-portfolio manager of Oaktree’s U.S. High Yield Bond and Global High Yield Bond strategies and has supervisory responsibility for European High Yield Bonds. Mr. Stone, a co-founding member of Oaktree in 1995, established TCW’s High Yield Bond department with Howard Marks in 1985 and ran the department for ten years. Prior to joining TCW, Mr. Stone worked with Mr. Marks at Citibank for two years where he performed credit analysis and managed high yield bond portfolios. From 1978 to 1983, Mr. Stone worked at The Prudential Insurance Company where he was a director of corporate finance, managing a fixed income portfolio exceeding $1 billion. Mr. Stone holds a B.A. degree from Bowdoin College and an M.B.A. in accounting and finance from Columbia University. Mr. Stone serves as a Trustee of Colonial Williamsburg Foundation and Bowdoin College.
David Rosenberg01/04/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Luxembourg, Netherlands, Norway, Offshore, Sweden
Oaktree (Lux) Funds - Oaktree North American High Yield Bond CA
Initial charge2%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFW0X
Oaktree (Lux) Funds - Oaktree North American High Yield Bond CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFW0Y
Oaktree (Lux) Funds - Oaktree North American High Yield Bond EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.92
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPGT
Oaktree (Lux) Funds - Oaktree North American High Yield Bond H EUR IA
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price10.84
CurrencyEUR
Price updated29/02/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF96S
Oaktree (Lux) Funds - Oaktree North American High Yield Bond H GBP IA
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price93.18
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFFGB
Oaktree (Lux) Funds - Oaktree North American High Yield Bond H GBP IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.4
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUMQ
Oaktree (Lux) Funds - Oaktree North American High Yield Bond IA
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price9.05
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF96R
Oaktree (Lux) Funds - Oaktree North American High Yield Bond IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price10.77
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF96T
Data provided by

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