The WyeTree North American ABS Fund offers investors liquid exposure to the US asset-backed securities market and uses the proven strategy of WyeTree’s successful Yield Distribution Fund. The Fund invests in segments of the US credit market that are otherwise difficult to access, including US mortgages, rental properties and corporate loans, within a UCITS-compliant vehicle with weekly liquidity.

Fund Overview

UCITS Strategy:
– Targeting Libor +4% without leverage and with weekly liquidity.
Portfolio of income generating assets:
– Option to invest in monthly distributing share class.
We believe the fund offers a good interest rate hedge:
– A large proportion of the portfolio are floating rate bonds.
Historically low corrleation to mainstream asset classes:
– 34% correlation with the S&P 500 since inception[1].
Credit exposure to the US Housing, corporate and consumer markets:
Investing via the US ABS market:
–   Residential mortgage and rental markets via RMBS, CRTs, and SFRs
–   Corporate credit market via CLOs and SMEs
–   Consumer credit market via solar panel financing
Specialist ABS manager:
– Robust processes, in-depth analytics and independent research.

[1] As of January 2019
WyeTree North American ABS Fund

Net Monthly Returns – A USD Acc Share Class

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2019 1.13% 0.01% 0.40% 0.38% 1.93%
2018 1.02% 0.01%  0.14%  0.62% 0.63% 0.37% 0.58% 0.66% 0.26% 0.25% -1.04% -0.58% 2.96%
2017 2.55% 1.11% 1.07% 0.29% 1.28% 0.85% 0.68% 0.52% 0.36% 0.56% 0.34% 0.86% 11.00%
2016 -1.25% -2.16% 2.21% 1.86% 0.38% 0.38% 2.61% 0.60% 0.29% 0.36% 0.34% 1.39% 7.14%
2015 0.35% 0.86% 0.65% 0.48% 0.31% -0.43% -0.56% -0.10% -0.59% -0.70% -0.15% -0.89% -0.77%
2014 1.48% 0.88% 0.56% 1.14% 1.71% 0.91% 0.78% -0.05% -0.26% 0.28% 0.36% 0.33% 8.40%
2013 0.97% -0.03% 0.66% 2.60% 0.51% -4.22% 1.01% 0.14% 0.45% 1.86% 0.69% 0.68% 5.30%
2012 -0.23% -0.23%
*WyeTree North American ABS Fund began trading in January 2017. Fund returns for periods prior to and including 31 January 2017 are synthesised UCITS performance figures produced by WyeTree based on the performance from the legacy non-UCITS version of this fund. The synthesised UCITS monthly performance figures have been calculated by subtracting a 0.8% annual management fee from a 0% management fee Shareclass from the legacy non-UCITS version of this fund, which had the same investment objective and strategy as this fund.

Fund Documentation