Primary ETF ticker: FAAA

Fair Oaks AAA CLO ETF

 

The first European CLO ETF, pioneering a diversified CLO portfolio in an actively managed ETF wrapper to investors in Europe. The ETF is listed on Deutsche Börse Xetra and the London Stock Exchange.

Overview

DESCRIPTION

The Fair Oaks AAA CLO Fund (“FAAA”, the “Fund”) offers exposure to exclusively AAA-rated Collateralised Loan Obligations (“CLOs”), backed by senior secured corporate loans. The Fund is actively managed with a strong emphasis on bottom-up fundamental credit analysis. The Fund seeks to generate attractive risk-adjusted returns by investing in and managing a portfolio of European AAA-rated CLO notes on a long-only and liquid basis. The Fund has no benchmark index.

Performance

Portfolio

FULL HOLDINGS 
Latest portfolio data
KEY METRICS (as at 30-Sep-24)
Current yield
4.8%
Spread to maturity (Euribor +)
1.4%
Spread duration to maturity
2.7 years
Interest rate duration
0.1 years
ASSETS (as at 30-Sep-24)
Floating Rate
100%
Asset Type
CLO rated note: 100%
CREDIT RATING (as at 30-Sep-24)
REGION (as at 30-Sep-24)
TOP 10 HOLDINGS (as at 30-Oct-24)

Total number of positions: 52 Par value Value (€) Weight (%)
BECLO 5X B 6,250,000 6,255,944 4.2
OCPE 2017-1X ARE 5,000,000 5,037,580 3.4
CGMSE 2018-1X A2A 5,000,000 4,998,378 3.3
DILPK 1X A 4,957,000 4,990,139 3.3
BLUME 2016-1X BR 5,000,000 4,988,893 3.3
CFOUR 1X A 4,300,000 4,330,497 2.9
VOYE 6X AR 4,000,000 4,042,910 2.7
CRNCL 2021-14X A 4,000,000 4,015,833 2.7
CGMSE 2017-2X AA2R 4,000,000 3,996,106 2.7
AVOCA 18X B1 3,800,000 3,808,705 2.5


Key metrics, assets, credit rating breakdown and region breakdown excludes cash, cash-equivalents and may exclude recent primary transactions.

Yields stated above are gross and based on the market value of CLO holdings. Analysis excludes cash, cash-equivalents and recent primary transactions. Analysis assumes the portfolio remains static with no disposals, acquisitions or reinvestments. The yields exclude expenses, fees and are based on distributions received. This and any other references herein to potential future returns or distributions are targets and not forecasts and therefore can be no guarantee or assurance that they will be achieved. Gross target returns do not reflect the deduction of any fund-level management fee or other costs or expenses which will reduce the performance of an investor’s account. Accordingly, the gross target return does not represent an actual investment outcome and should not be construed as such.

Details

FUND DETAILS
Primary Ticker
FAAA
Fund Currency
EUR
Distribution frequency
Quarterly
Dealing cut off time
14:00 (Lux)
Structure
Physical actively managed

UCITS ETF share class

SFDR classification
Article 8
Fund umbrella
Alpha UCITS SICAV
Management company
Waystone Management Company S.A
Administrator
CACEIS Investor Services Bank S.A.
Auditor
Deloitte Audit Sarl
TRADING INFORMATION AND IDENTIFIERS
Exchange Ticker Currency Bloomberg ticker RIC ISIN SEDOL WKN Dist. policy Listing date
Deutsche Börse Xetra LAAA EUR LAAA GY LAAA.DE LU2785470191 - A40E6R Dist. 11-Sep-24
London Stock Exchange FAAA EUR FAAA LN FAAA.L LU2785470191 BP4Z094 - Dist. 26-Sep-24
London Stock Exchange AAAG GBP AAAG LN AAAG.L LU2785470191 BPMRHK2 - Dist. 26-Sep-24