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Overview

  • Alma US Convertible Fund invests in US convertible bonds.
  • Management of the fund is delegated to Shenkman Capital.

Share Class

NAV

Cumulative Performance (%)

Fund Inception 18 November 2011

Daily Monthly Ytd 1Yr 3Yr 5Yr Incept. Incept.Date

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.


Strategy & Manager

Funds Strategy

Investment objective: non-benchmark oriented approach that seeks to maximize risk-adjusted returns by investing mainly in below investment grade, USD denominated convertible securities of US-based issuers

  • Investment process: intensive fundamental credit and equity analysis to identify creditworthy companies with potential equity upside
  • The fund benefits from the investment manager’s strong credit expertise in the US high yield market
  • Disciplined and defensive entry/exit strategy, which aims to purchase convertibles with a low premium above the bond valuation and sell securities with excessive equity sensitivity


Investment Manager

Shenkman Capital Management is an SEC-regulated investment adviser, founded in 1985 by Mark Shenkman. Offices in New York City, Stamford and London.

  • Pioneer in the high yield bond, convertible bond and loan markets
  • Shenkman Capital has a predominantly institutional client base and manages US$ 27 billion

Key Persons

Jordan Barrow, CFA Vice President, Portfolio Manager and Research

Jordan Barrow joined Shenkman Capital in 2004. He has over 13 years of high yield research experience. Jordan received a Bachelor of Arts Degree in Economics and International Relations from the University of Pennsylvania (2004). In addition, he is a CFA charterholder (2007).

 

Thomas Whitley, CFA, Portfolio Manager and Research

Thomas Whitley joined Shenkman Capital in 2008. He has over 11 years of high yield research experience. Thomas received a BS Degree in Villanova University.


Statistics & Commentary

Performance

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Top 10 Position Details


Facts & Documents

Facts

Fund Domicile: Luxembourg

Fund Type: UCITS SICAV

Fund Launch: 18 November 2011

Base Currency: USD

Depositary, Administrator, Transfert Agent: BNP Paribas SA

Dealing: Each day with a 1-day notice

Cut-off time: 12 pm CET

Management Company: Alma Capital Investment Management

Investment Manager: Shenkman Capital Management, Inc (US)

Countries where the fund is registered:
Luxembourg, Austria, Germany, France, UK, Italy, Switzerland

Sustainability-related disclosures:
Environmental, social and governance (“ESG”) criteria have been integrated in the investment decision-making process. The Investment Manager has developed a proprietary tool to screen and evaluate different environmental, social and governance aspects for each target investment. This screening (and the ensuing conclusions) are integrated in the investment decision-making process. The investment manager also formally excludes investments in controversial weapons maker, tobacco and thermal coal producers. No index has been designated as a reference benchmark for this sub-fund. Further information can be found in the prospectus of the sub-fund. The extent to which the above-mentioned characteristics are met will be included in the annual report of the fund, as from the first report issued after 1 January 2022.

Identifiers:

Institutional USD Capitalisation share class
ISIN: LU0685779000   Ticker: ALMASUS LX    Launch: 15 Jun 2012

Institutional EUR (hedged) Capitalisation share class
ISIN: LU0685779265   Ticker: ALMUSCI LX    Launch: 18 Nov 2011

Institutional EUR (hedged) Distribution share class
ISIN: LU0846219193   Ticker: ALUIEHD LX    Launch: 26 Oct 2012

Documents