Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Carador Income Fund (CIFU) Ord NPV (USD)

Sell:$0.58 Buy:$0.60 0 Change: $0.005 (0.84%)
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:$0.58
Buy:$0.60
Change: $0.005 (0.84%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:$0.58
Buy:$0.60
Change: $0.005 (0.84%)
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To produce attractive and stable returns with low volatility compared to equity markets, by investing in a diversified portfolio of Senior Notes of collateralised loan obligations (CLOs), collateralised by senior secured bank loans and equity and mezzanine tranches of CLOs.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

GSO will receive a management fee from the Company of 1.5% p.a. of NAV, calculated and payable monthly in arrears.

Dividend Policy

Following the EGM on 17 December 2018, the Directors do not intend to declare any dividends in respect of the US Dollar Shares during the Managed Wind-Down period.

ASSET SPLIT

Total number of holdings: 89.

Trust Manager

J. Richard Blewitt

Manager Bio

Managing Director, is the co-head of the Securitized Asset Investment Team within BlackRock's Fixed Income Portfolio Management Group。 Prior to joining BlackRock in 2009, Mr. Blewitt was a Partner and head of Securitization with R3 Capital Partners. From 2007 to 2008, he was with Lehman Brothers, most recently as a Managing Director and head of Securitization and Insurance Product Investments for the Global Principal Strategies team, focused on derivatives and structured products. From 2001 to 2007, he was a Managing Director and Global Head of Distribution for the Global Structured Products Group and co-head of New York MBS/ABS sales at Bank of America Securities. From 1999 to 2001, Mr. Blewitt was Chief Strategic Officer for Creditex, a credit derivatives exchange platform. He was also Director of the Board for Loanx, an associated secondary loan trading platform. Prior to this, Mr. Blewitt spent seven years with J.P. Morgan as a Vice President in Structured Finance and co-head of the Insurance and Pension Derivatives Group. His early career included positions at PaineWebber and First Fidelity Bank in sales/trading and credit analysis roles. Mr. Blewitt earned a BS degree in finance from Lehigh University in 1985, and an MBA degree in finance/international business from the Stern School of Business at New York University in 1992.

Board Of Directors

Werner Schwanberg Chairman, Adrian Waters, Nicholas Moss, Edward DAlelio, Fergus Sheridan

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.