Fact sheet: Alma US Convertible

Fund information
Fund name
Alma US Convertible I Hedged Cap EUR
Fund manager company
Alma Capital Investment Manage
Fund type
Offshore Fund
Fund managers
  • Jordan Barrowsince 01/07/2014
  • Raymond F. Condonsince 18/11/2011
Fund objective
To maximize risk-adjusted returns by investing mainly in below investment grade, USD denominated convertible securities of US-based issuers.
Benchmark
  • BofA Merrill Lynch All US Convertible
Investment style
High Yield
Investment method
Convertibles
Quick stats
1 Year return
8.5%
1 Year rank in sector
15/71
Sector
FO Convertible
Yield
-
Fund size
£97m (£112m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
74
Top in this sector
Fund name1 Year
Man Convertibles Am18.2%
CQS Global Convertible UCITS12.4%
Swisscanto (LU) Bond COCO12%
Franklin Gl Cnvtl Secrts11.5%
UBS (L)BdSICConGb€10.8%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA97.7%
    Money Market2.3%
  • Information Technology36.5%
    Health Care17.4%
    Consumer Discretionary15.3%
    Industrials11.2%
    Real Estate5.2%
  • Convertibles97.7%
    Money Market2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%2.5%1.1%8.5%3.2%16.8%
Sector0%1.8%2.8%5.5%6.3%24.4%
Rank within sector38 / 7120 / 7160 / 7115 / 7150 / 6044 / 51
Quartile3rd2nd4th1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.6%3%-1.1%0.9%10.2%
Sector1.9%0.7%2.9%2.3%11.7%
Rank within sector20 / 7119 / 7061 / 6650 / 6027 / 53
Quartile2nd2nd4th4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.81
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.89
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.89
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.18
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.32
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.71
Price movement
52 week high124.61
52 week low114.76
Current bid price-
Current offer price-
Current mid price123.77
Region
1USA97.7%
2Money Market2.3%
Industry sector
1Information Technology36.5%
2Health Care17.4%
3Consumer Discretionary15.3%
4Industrials11.2%
5Real Estate5.2%
6Financials4.9%
7Energy4%
8Money Market2.3%
9Utilities1.3%
Asset type
1Convertibles97.7%
2Money Market2.3%
Individual holdings
No data available.
Management
Fund manager group
Alma Capital
Fund manager company
Alma Capital Investment Manage
Fund type
Offshore Fund
Fund objective
To maximize risk-adjusted returns by investing mainly in below investment grade, USD denominated convertible securities of US-based issuers.
Benchmark
  • BofA Merrill Lynch All US Convertible
Investment style
High Yield
Investment method
Convertibles
Fund managers
NameSinceBiography
Jordan Barrow01/07/2014
Raymond F. Condon18/11/2011Mr. Raymond F. Condon serves as a Vice President of Convertible Securities and Portfolio Manager at Shenkman Capital Management, Inc., GuideStone Funds - Defensive Market Strategies Fund, Harbor Funds - Harbor Convertible Securities Fund and Vantagepoint Funds - Vantagepoint Diversifying Strategies Fund. Mr. Condon joined Shenkman Capital Management, Inc. in 2003. Mr. Condon has 25 years of investment experience. Prior to joining the firm, he served as a Managing Director at ABN AMRO Rothschild from 2000 to 2002 and Managing Director at ING-Barrings from 1999 to 2001. Mr. Condon has a B.A. from St. Johns University and an M.B.A. from Fordham University.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, France, United Kingdom, Italy, Luxembourg, Offshore
Alma US Convertible I Cap USD
Initial charge2%
Annual charge0.9%
Min single investment£250,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.23
CurrencyUSD
Price updated27/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4XH
Alma US Convertible I Hedged Cap EUR
Initial charge2%
Annual charge0.9%
Min single investment£250,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.77
CurrencyEUR
Price updated27/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4XF
Alma US Convertible I Hedged Dis EUR
Initial charge2%
Annual charge0.9%
Min single investment£250,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.4
CurrencyEUR
Price updated27/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4XE
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.