Alma US Convertible Fund

Fund Strategy

The Strategy employs a 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. The Investment processs relies on 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. The strategy is disciplined and uses a defensive entry/exit, 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. With offices in New York City, Stamford and London, the Firm was 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,
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,
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.

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.