Fact sheet: Oyster Global High Yield

Fund information

Fund name
Oyster Global High Yield C USD
Fund company manager
SYZ Asset Management (Luxembou
Fund type
SIB
Fund manager(s)
James FitzPatrick
since 15/05/2011
Michael Kirkpatrick
since 15/11/2011
Fund objective
The fund's objective is to provide investors with capital growth by investing mainly in high yield bonds issued by companies globally. The fund employs a bottom-up approach based on credit analysis and risk control discipline. The core of the portfolio consists of BB and B rated bonds with opportunistic allocation to selective CCC and non-rated issues. The key investment criteria considered are: positive free cash flow combined with deleveraging, sound management, good asset protection, strong competitive position and access to capital. The portfolio is broadly diversified with the goal of reducing the overall portfolio’s volatility.
Benchmark
BofA ML Global High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

6.43 %

1 Year rank in sector

29/84

Sector

FO Fixed Int - Global High Yield

Yield
-
Fund size

£ 164.0 m

FE Risk score

94

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    79%
  • Canada
    6.73%
  • UK
    3.87%
  • Brazil
    3.69%
  • Netherlands
    2.51%
  • Consumer Discretionary
    22.06%
  • Energy
    20.97%
  • Financials
    15.53%
  • Telecommunications Utilities
    10.99%
  • Health Care
    7.48%
  • Global Fixed Interest
    97.64%
  • Money Market
    1.3%
  • International Equities
    1.06%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.7 %3.02 %6.43 %18.1 %24.76 %
Sector0.6 %1.73 %4.83 %15.21 %20.63 %
Rank within sector51 / 9916 / 9129 / 8417 / 6515 / 48
Quartile th3 rd1 st2 nd2 nd2 nd

Calendar performance

YTD-20182017201620152014
Fund0.57 %6.72 %16.53 %-5.95 %1.1 %
Sector0.48 %5.21 %11.43 %-2.49 %1.36 %
Rank within sector41 / 9930 / 838 / 7153 / 6534 / 55
Quartile th2 nd2 nd1 st4 th3 rd

Risk statistics

Alpha-0.82
Beta1.37
Sharpe0.3
Volatility6.19
Tracking error2.26
Information ratio0.34
R-Squared0.93

Price movement

52 week high223.83
52 week low208.79
Current bid price0
Current offer price0
Current mid price222.91

Holdings by region

  • 79% USA
  • 6.73% Canada
  • 3.87% UK
  • 3.69% Brazil
  • 2.51% Netherlands
  • 1.22% France
  • 0.58% Bahrain
  • 0.51% Japan
  • 0.3% New Zealand
  • 0.3% Mexico

Holdings by sector

  • 22.06% Consumer Discretionary
  • 20.97% Energy
  • 15.53% Financials
  • 10.99% Telecommunications Utilities
  • 7.48% Health Care
  • 6.03% Consumer Staples
  • 4.58% Materials
  • 4.28% Industrials
  • 4.08% Information Technology
  • 1.47% Real Estate

Holdings by asset type

  • 97.64% Global Fixed Interest
  • 1.3% Money Market
  • 1.06% International Equities

Individual holdings

  • 1.34% 1011778 BC 5% 17-15.10.25
  • 1.06% ENSCO PLC 8% 17-31.01.24
  • 1.06% NATIONSTAR MORT/CAP CORP 6.5% NTS 01/08/18 USD2000
  • 1.02% MGM RESORTS INTL 7.75% BDS 15/03/22 USD1000
  • 1.01% ISTAR INC 6.5% BDS 01/07/21 USD2000
  • 0.94% PETROBRAS GLOBAL FINANCE BV 6.625% BDS 16/01/34 GBP100000
  • 0.92% CAESARS ENT 11% 14-01.10.21
  • 0.92% QUICKEN LOANS INC 5.75% BDS 01/05/25 USD2000
  • 0.9% NATIONSTAR MTG LLC/CAP CORP 7.875% BDS 01/10/20 USD1000
  • 0.89% CONSOL ENERGY INC 8% MTN 01/04/23 USD1000