Fact sheet: Oaktree OaktrGbHYBd

Fund information
Fund name
Oaktree (Lux) - Global High Yield Bond B
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund managers
  • David Rosenbergsince 31/05/2014
  • James Turnersince 31/03/2016
  • Sheldon Stonesince 28/04/2011
  • Shannon Wardsince 01/01/2012
Fund objective
The fund invests on a global basis with a focus on developed markets, mainly in performing bonds of creditworthy North American and European corporations. The investment objective is to provide superior and consistent returns with lower volatility over extended periods of time. The fund employs a highly disciplined, credit-research intensive approach to construct a well-diversified portfolio. It uses a bottom-up, long-term strategy and views high yield investing as assuming credit risk on a selective basis for profit, while acting as a prudent lender. Avoiding defaults is the ultimate goal. Currency risks are fully hedged.
Benchmark
  • BofA ML Non-Financial Dev. Markets HY
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8%
1 Year rank in sector
26/73
Sector
FO Fixed Int - Global 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.
1.4%
Fund size
£435m (£360m last year)
Top in this sector
Fund name1 Year
Franklin GblCorpHiYd30.1%
Pioneer SICV-Gbl Hi Yld28.5%
Natixis LoomsSyles HInc20.4%
T. Rowe Price GblHghIncBd12.6%
Nomura Gbl Hgh Yld Bd11.6%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA75.2%
    UK5.3%
    Germany4.2%
    Canada3.6%
    Luxembourg2.8%
  • B19.2%
    BB-17.2%
    B+16.6%
    BB15.6%
    B-10.2%
  • US Fixed Interest75.2%
    UK Fixed Interest5.3%
    German Fixed Interest4.2%
    Canadian Fixed Interest3.6%
    Luxembourg Fixed Interest2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.1%4.4%8%7.3%37.3%
Sector-0.4%0.3%4.8%7.5%8.9%33.4%
Rank within sector36 / 8341 / 8037 / 7626 / 7337 / 5916 / 43
Quartile2nd3rd2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.2%-4.6%0.5%7.5%17.5%
Sector9.7%-2.5%1.4%5.2%15.5%
Rank within sector25 / 7447 / 6646 / 5910 / 498 / 43
Quartile2nd3rd4th1st1st
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.
-0.85
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.
1.12
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
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%.
5.36
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.
1.21
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.
-0.45
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.
0.96
Price movement
52 week high133.64
52 week low113.97
Current bid price-
Current offer price-
Current mid price131.82
Region
1USA75.19%
2UK5.25%
3Germany4.18%
4Canada3.61%
5Luxembourg2.82%
6Italy2.58%
7France1.9%
8Netherlands1.76%
9Switzerland0.99%
Industry sector
1B19.17%
2BB-17.15%
3B+16.55%
4BB15.61%
5B-10.19%
6BB+8.99%
7CCC+4.05%
8BBB-3.33%
9Non-Rated2.69%
Asset type
1US Fixed Interest75.19%
2UK Fixed Interest5.25%
3German Fixed Interest4.18%
4Canadian Fixed Interest3.61%
5Luxembourg Fixed Interest2.82%
6Italian Fixed Interest2.58%
7French Fixed Interest1.9%
8Dutch Fixed Interest1.76%
9Swiss Fixed Interest0.99%
Individual holdings
1HCA HLDGS INC1.74%
2SPRINT CORP1.63%
3VALEANT PHARMACEUTICALS INTL INC1.49%
4FIRST DATA CORP1.27%
5REYNOLDS AMERICAN INC1.2%
6TELECOM ITALIA SPA(NEW)1.16%
7CHENIERE ENERGY INC1.14%
8ARCELORMITTAL SA1.11%
9T-MOBILE US INC1.05%
Management
Fund manager group
No data available.
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund objective
The fund invests on a global basis with a focus on developed markets, mainly in performing bonds of creditworthy North American and European corporations. The investment objective is to provide superior and consistent returns with lower volatility over extended periods of time. The fund employs a highly disciplined, credit-research intensive approach to construct a well-diversified portfolio. It uses a bottom-up, long-term strategy and views high yield investing as assuming credit risk on a selective basis for profit, while acting as a prudent lender. Avoiding defaults is the ultimate goal. Currency risks are fully hedged.
Benchmark
  • BofA ML Non-Financial Dev. Markets HY
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Rosenberg31/05/2014
James Turner31/03/2016
Sheldon Stone28/04/2011Mr. 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.
Shannon Ward01/01/2012Ms. Ward serves as portfolio manager of Oaktree’s European Senior Loan strategy as well as co-portfolio manager of the European and Global High Yield Bond strategies. She has over 23 years of corporate finance and investing experience. Ms. Ward joined Oaktree in 2006 from AIG Global Investment Group, where she spent five years as a vice president for High Yield Investments. Before that, she spent over five years at Banc of America Securities, most recently as a managing director in the Entertainment/Media Group, and after her M.B.A., joined Union Bank of California as an assistant vice president in the Communications and Media Group. Ms. Ward received a B.A. degree in psychology from the University of California, Santa Barbara and an M.B.A. with a concentration in finance from the University of Southern California.
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, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Singapore, Sweden
Oaktree (Lux) - Global High Yield Bond B
Initial charge2%
Annual charge1.2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price131.82
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLR6
Oaktree (Lux) - Global 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 codeFW0R
Oaktree (Lux) - Global High Yield Bond CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.43
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSVM
Oaktree (Lux) - Global High Yield Bond CB GBP
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 codeFW0S
Oaktree (Lux) - Global High Yield Bond EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price109.85
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDYB
Oaktree (Lux) - Global High Yield Bond GB
Initial charge2%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price134.76
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNLR9
Oaktree (Lux) - Global High Yield Bond H CAD IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCAD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXAY
Oaktree (Lux) - Global High Yield Bond H CHF B
Initial charge2%
Annual charge1.2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price125.37
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLR7
Oaktree (Lux) - Global High Yield Bond H CHF CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.21
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSVN
Oaktree (Lux) - Global High Yield Bond H CHF GB
Initial charge2%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price128.05
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNLS0
Oaktree (Lux) - Global High Yield Bond H CHF IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price105.55
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFKX
Oaktree (Lux) - Global High Yield Bond H EUR B
Initial charge2%
Annual charge1.2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price129.36
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLR8
Oaktree (Lux) - Global High Yield Bond H EUR EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price107.66
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDYC
Oaktree (Lux) - Global High Yield Bond H EUR GB
Initial charge2%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price132.79
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNLS1
Oaktree (Lux) - Global High Yield Bond H EUR IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price102.99
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK9I
Oaktree (Lux) - Global High Yield Bond H GBP EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price113.44
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC2E
Oaktree (Lux) - Global 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)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.37
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFVOP
Oaktree (Lux) - Global 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)0.66%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price90.79
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFGBK
Oaktree (Lux) - Global 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)0.66%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price116.05
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9GS
Oaktree (Lux) - Global High Yield Bond IB GBP
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
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 classInstitutional
Domicile-
Citi codeFW0T
Data provided by

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