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
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

7.7 %

1 Year rank in sector

31/77

Sector

FO Fixed Int - Global High Yield

Yield
-
Fund size

£ 225.6 m

FE Risk score

88

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    83.09%
  • Canada
    3.79%
  • Brazil
    2.44%
  • UK
    2.2%
  • France
    0.95%
  • Consumer Discretionary
    19.29%
  • Energy
    17.4%
  • Financials
    16.95%
  • Health Care
    9.57%
  • Telecommunications Utilities
    6.37%
  • Global Fixed Interest
    93.08%
  • Money Market
    5.64%
  • International Equities
    1.29%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.37 %4.44 %7.7 %12.98 %29.16 %
Sector0.46 %3.24 %6.45 %11.81 %25.16 %
Rank within sector6 / 9323 / 8831 / 7726 / 6312 / 46
Quartile th1 st2 nd2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund5.47 %16.53 %-5.95 %1.1 %6.68 %
Sector4.69 %11.43 %-2.49 %1.36 %5.18 %
Rank within sector40 / 828 / 7154 / 6634 / 5720 / 48
Quartile th2 nd1 st4 th3 rd2 nd

Risk statistics

Alpha-1.13
Beta1.35
Sharpe-0
Volatility6.53
Tracking error2.22
Information ratio-0.05
R-Squared0.95

Price movement

52 week high219.05
52 week low200.48
Current bid price0
Current offer price0
Current mid price219.05

Holdings by region

  • 83.09% USA
  • 3.79% Canada
  • 2.44% Brazil
  • 2.2% UK
  • 0.95% France
  • 0.76% Netherlands
  • 0.63% New Zealand
  • 0.29% Bahrain
  • 0.21% Uruguay

Holdings by sector

  • 19.29% Consumer Discretionary
  • 17.4% Energy
  • 16.95% Financials
  • 9.57% Health Care
  • 6.37% Telecommunications Utilities
  • 6.11% Industrials
  • 4.74% Materials
  • 4.07% Consumer Staples
  • 4.03% Information Technology
  • 3.47% Others

Holdings by asset type

  • 93.08% Global Fixed Interest
  • 5.64% Money Market
  • 1.29% International Equities

Individual holdings

  • 1.07% MGM RESORTS INTL 7.75% BDS 15/03/22 USD1000
  • 0.96% ISTAR INC 6.5% BDS 01/07/21 USD2000
  • 0.95% OCWEN LN SERVICING LLC 8.375% BDS 15/11/22 USD1000
  • 0.93% WESTERN DIGITAL CORP 10.5% BDS 01/04/24 USD1000 144A
  • 0.9% QUICKEN LOANS INC 5.75% BDS 01/05/25 USD2000
  • 0.89% CHESAPEAKE 8% 15-15.12.22
  • 0.84% CINCINNATI BELL INC 7% BDS 15/07/24 USD.2000
  • 0.81% DAVITA HP 5% 15-01.05.25
  • 0.79% ISTAR FIN 7.125%12-15.2.18
  • 0.78% STARWOOD PROPERTY TRUST INC 5% BDS 15/12/21 USD2000