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Profile
Management group(s) | Fair Oaks Capital Limited |
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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 |
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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.