Quick Stats

Bid Price GBX 99.37 Offer Price GBX 104.60
Mid Price - Day Change GBX 0.00 (0.00%)
Price Date 18 Oct 2017 Crown Rating 1
Shares Class Inc. Yield 4.56 %
Total Expense Ratio 1.57 Fund Size 842,830,819.45
Launch Date 06/04/2010 Standard Initial Charge (%) 5.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.08 Sector IMA UK Equity Income
Min Investment (£) 1,500.00 Total Expense Ratio (%) 1.57
ISIN GB00B5KX9D91 Min TopUp (£) 1,000.00

Fund Objective

The fund aims to provide a combination of income and capital growth. To achieve this, the fund principally invests in a portfolio of corporate debt securities, focusing on senior secured North American high yield instruments with some investment in senior secured European high yield instruments. The fund may also invest in any other geographic area.

Fund Managers

Sheldon Stone
Mr. 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 Rosenberg
Mr. Rosenberg serves as co-portfolio manager for Oaktree's US High Yield Bond and Global High Yield Bond strategies. He joined Oaktree in 2004 following graduation from the University of Southern California with an MBA in business administration. Before attending graduate school, Mr Rosenberg served as an associate in the Franchise Systems Finance Group at JP Morgan. Mr Rosenberg also holds an MPA in Professional Accounting with a concentration in finance and a BA degree in business administration from the University of Texas at Austin. He is a Certified Public Accountant (inactive).
Mr. Sandro Näf
Sandro Näf is a co-founder of Capital Four Management. He joined from Nordea Investment Management, where he was responsible for the European High Yield business, which he initiated in 1999. Prior to that, Sandro worked with Credit Suisse in New York, London and Zurich in various roles in Fixed Income and Corporate Finance/Mergers & Acquisitions. He holds an MBA from the Trepper School of Business at Carnegie Mellon University and a BS in Computer Science from ITR Rapperswill.