Investment Trusts

Fair Oaks Income Limited 2017

FAIR:LSE

Fair Oaks Income Limited 2017

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  • Price (USD)0.635
  • Today's Change0.01 / 1.60%
  • Shares traded81.53k
  • 1 Year change-8.63%
  • Beta1.0512
Data delayed at least 20 minutes, as of Mar 02 2021 16:35 GMT.
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About the company

Fair Oaks Income Limited, formerly Fair Oaks Income Fund Limited, is a Guernsey-based closed-ended investment company. The Company's investment objective is to generate attractive, riskadjusted returns, principally through income distributions. The Company's investment policy is to seek exposure to the United States and European Collateralized Loan Obligations (CLOs) or other vehicles and structures, which provide exposure to portfolios consisting primarily of the Company and European floating-rate senior secured loans and which may include non-recourse financing. The Company will pursue its investment objective and policy by investing in the Fair Oaks Income Fund LP (Master Fund). The Company may also invest in cash or cash equivalents; commercial paper; money market instruments; government or public securities, and other debt obligations. The Company's investment advisor is Fair Oaks Capital Limited.

  • Revenue in USD (TTM)--
  • Net income in USD--
  • Incorporated2014
  • Employees--
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Profile

Management group(s)--
AIC sectorDebt - Structured Finance
ISINGG00BF00L342
Launch date12 Jun 2014
Share typeOrdinary Share
Structure--
Base currencyUSD

Objective

The investment policy of the Company is to invest (either directly and/or indirectly through the Master Fund and/ or Master Fund II) in US 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.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Schroder UK Mid & Small Cap Fund plc-20.59m-23.57m300.77m0.00--1.08-----0.4726-0.4726-0.41815.69-0.0639-------7.314.16-7.514.23--86.23--81.92----0.0056.48-380.62---628.70----7.65
UIL Ltd30.98m11.71m304.86m0.0026.320.7347--9.840.09840.09840.25883.530.0443--13.20--1.675.721.996.7042.6262.0937.8059.29----0.358124.44-148.46---183.83----0.9806
BMO Private Equity Trust PLC23.08m13.86m306.30m0.0022.100.7654--13.270.13460.13460.22423.890.0485--872.37--2.9110.233.2210.7065.7883.1360.0480.99----0.200533.97-6.429.76-7.6916.03----
CQS New City High Yield Fund Ltd-15.14m-20.19m314.34m0.00--1.08-----0.0333-0.0333-0.02540.4752-0.0428-------5.702.96-6.613.35--77.66--68.70----0.131233.50-199.22---291.57----0.6866
Troy Income & Growth Trust PLC-33.40m-36.60m327.17m0.00--0.9545-----0.0866-0.0866-0.07230.726-0.0963-------10.553.86-10.573.87--85.24--79.81----0.00104.75-204.08---226.23----3.64
Hansa Investment Company Ltd-16.66m-21.92m335.29m0.00--0.7805-----0.1312-0.1312-0.09972.61-0.0303-------3.991.76-4.861.77--76.12--60.88----0.0072.27-321.32---392.11-----27.52
Fair Oaks Income Ltd-100.00bn-100.00bn337.92m----1.27----------0.4914----------------------------0.00---25.60---28.46------
Montanaro UK Small. Comp. Inv. Trust Plc14.91m11.50m337.94m0.0029.411.11--22.670.04930.04930.0641.310.0446--11.63--3.442.483.462.5781.9072.4577.1667.96----0.083891.24-2,071.52---447.77----24.43
Manchester & London Investment Trust plc38.61m33.47m340.28m0.008.220.9645--8.810.73340.73340.86226.250.13--357.81--11.2715.6212.2416.3788.9093.0186.6890.98----0.0017.2149.6850.7851.1857.46--34.34
Schroder Japan Growth Fund plc-38.81m-43.74m342.48m0.00--1.06-----0.2513-0.2513-0.2231.89-0.0926-------10.443.04-10.503.18--81.71--71.72----0.154854.44-191.16---133.43----19.63
VPC Specialty Lending Investments PLC51.73m15.06m348.76m0.0026.741.11--6.740.03320.03320.11880.80070.0914--8.78--2.68--2.72--83.47--29.38----3.380.3124--11.58---11.01------
INVESCO Asia Trust plc45.76m41.62m361.64m0.008.671.12--7.900.44820.44820.49043.470.1414--140.14--12.866.0313.416.1594.5889.6990.9682.58----0.03829.21-611.92---2,073.15----13.91
JPMorgan Mid Cap Investment Trust PLC-37.66m-41.57m367.57m0.00--0.9131-----1.24-1.24-1.1512.35-0.0788-------8.702.07-9.022.16--74.85--67.13----0.0493110.80-97.32---83.49----29.82
Lindsell Train Investment Trust PLC, The26.17m22.54m371.08m0.0016.471.20--14.1880.9380.9393.981,112.040.0845--62.24--7.2818.717.4018.9988.3890.8186.1189.46----0.0018.84-47.87-0.1435-47.130.4607--45.17
JPMorgan US Smaller Co Inv Trust PLC-165.70k-4.26m371.26m0.00--1.33-----0.0499-0.0499-0.0023.24-0.0006-------1.4711.79-1.6112.96--91.07--87.33----0.004.54757.9127.33509.4929.22----
Blackstone Loan Financing Ltd-43.22m-44.89m376.39m0.00--0.9092-----0.0798-0.0798-0.07080.7204-0.0924-------9.586.86-9.596.87--95.04--93.41----0.00285.58644.12--569.97------
Data as of Mar 02 2021. Currency figures normalised to Fair Oaks Income Limited 2017's reporting currency: US Dollar USD

Institutional shareholders

34.59%Per cent of shares held by top holders
HolderShares% Held
Quilter Investors Ltd.as of 06 Jan 202146.57m9.96%
FIL Investment Advisors (UK) Ltd.as of 31 Dec 202027.28m5.83%
Seneca Investment Managers Ltd.as of 28 Aug 201922.78m4.87%
Sarasin & Partners LLPas of 31 Aug 202015.18m3.25%
West Yorkshire Pension Fundas of 31 Mar 202010.49m2.24%
Aberdeen Asset Managers Ltd.as of 31 Jan 20219.95m2.13%
AXA Investment Managers UK Ltd.as of 31 Mar 20208.44m1.81%
Waverton Investment Management Ltd.as of 30 Sep 20208.24m1.76%
Brooks Macdonald Asset Management Ltd.as of 29 Jan 20216.54m1.40%
Jupiter Asset Management Ltd.as of 30 Oct 20206.29m1.35%
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Data from 31 Mar 2020 - 29 Jan 2021Source: FactSet Research Systems Inc.
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