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Profile
| Management group(s) | Fair Oaks Capital Limited |
|---|---|
| AIC sector | Debt - Structured Finance |
| ISIN | GG00BNNLWT35 |
| Launch date | 12 Jun 2014 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
The investment objective of the Company is to generate attractive, risk-adjusted returns, principally through income distributions.The investment policy of the Company is to invest (either directly and/or indirectly through the Master Fund II and/or Master Fund III) in US, UK and European Collateralised Loan Obligations (“CLOs”) or other vehicles and structures which provide exposure to portfolios consisting primarily of US and European floating-rate senior secured loans and which may include non-recourse financing.
Managed by
| Not Disclosed |
|---|
Management & contract fees
An advisory fee of 1% p.a. of the NAV. The Investment Advisor agrees to reinvest its fees for a calendar quarter in circumstances where the Shares trade at any discount to the then-prevailing NAV per Share at the end of such quarter.
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| FIL Investment Advisors (UK) Ltd.as of 31 Jan 2023 | 22.63m | 5.92% |
| Momentum Global Investment Management Ltd.as of 30 Apr 2024 | 16.01m | 4.19% |
| Waverton Investment Management Ltd.as of 31 Jan 2024 | 15.77m | 4.12% |
| FIL Investments Internationalas of 31 Mar 2024 | 14.04m | 3.67% |
| West Yorkshire Pension Fundas of 31 Mar 2023 | 12.41m | 3.25% |
| Rathbones Asset Management Ltd.as of 31 Mar 2023 | 7.70m | 2.01% |
| Brooks Macdonald Asset Management Ltd.as of 31 Jan 2022 | 7.55m | 1.98% |
| AXA Investment Managers UK Ltd.as of 30 Sep 2022 | 7.44m | 1.95% |
| Jupiter Asset Management Ltd.as of 31 Jan 2024 | 6.29m | 1.65% |
| abrdn Investments Ltd.as of 31 Oct 2023 | 3.37m | 0.88% |
