Quick Stats

Bid Price GBX 153.00 Offer Price GBX 161.00
Mid Price - Day Change GBX +0.10 (0.07%)
Price Date 21 Jul 2017 Crown Rating 1
Shares Class Inc. Yield 4.62 %
Total Expense Ratio 0.00 Fund Size 809,531,570.66
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 (%) 0.00
ISIN GB00BMNQJC32 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. Sandro Näf