Alma US Convertible Fund
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.
Portfolio Characteristics
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 Securities Services (LU)
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:
France, Italy, Germany, Switzerland, United Kingdom
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
available upon request
- KIID Alma US Convertible Fund Class I USD C
- KIID Alma US Convertible Fund Class I EUR Hedged C
- KIID Alma US Convertible Fund Class I EUR Hedged D
- KIID Alma US Convertible Fund Class S