Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Adam Kramer
Manager Tenure 5 Years 4 Months

Strategy And Objective

The fund seeks a high level of total return through a combination of current income and capital appreciation. The Adviser normally invests at least 80% of the fund's assets in convertible securities. Convertible securities are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).The Adviser may also invest the fund's assets in other types of securities, including common stocks. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. In buying and selling securities for the fund, the Adviser relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions. If the Adviser's strategies do not work as intended, the fund may not achieve its objective. Convertible securities are bonds, preferred stocks, and other securities that pay interest or dividends and are convertible into common stocks or its equivalent value. Convertible securities generally have less potential for gain or loss than common stocks. In general, a convertible security performs more like a stock when the underlying stock's price is high (because it is assumed that it will be converted into the stock) and more like a bond when the underlying stock's price is low (because it is assumed that it will mature without being converted). Securities that are convertible other than at the option of the holder generally do not limit the potential for loss to the same extent as securities convertible at the option of the holder. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Different types of equity securities provide different voting and dividend rights and priority in the event of the bankruptcy of the issuer. Equity securities include common stocks, preferred stocks, and warrants. Debt securities are used by issuers to borrow money. The issuer usually pays a fixed, variable, or floating rate of interest, and must repay the amount borrowed, usually at the maturity of the security. Some debt securities, such as zero coupon bonds, do not pay current interest but are sold at a discount from their face values. Debt securities include corporate bonds, government securities (including Treasury securities), repurchase agreements, money market securities, mortgage and other asset-backed securities, loans and loan participations, and other securities believed to have debt-like characteristics, including hybrids and synthetic securities.

Net Asset Value

as of 5:21 PM ET 09/23/2021

Performance

  • 1 Week
  • +0.32%
  • 1 Month
  • +2.87%
  • 3 Months
  • +2.22%
  • 1 Yr Return
  • +22.48%
  • 5 Yr Return
  • +58.35%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Convertible 78.56%
Stocks 18.85%
ForeignStocks 2.06%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 109.64 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 7.40 3.11 -0.33
Beta 0.78 0.75 0.79
R Squared 0.82 0.77 0.77
Std Deviation 15.99 12.78 12.11
Sharpe Ratio 1.43 1.31 n/a

Purchase Information

as of 5:22 PM ET 09/22/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +27.49%
  • +46.62%
+27.49% +46.62%
3 Year
  • +22.62%
  • +22.38%
+22.62% +22.38%
10 Year
  • +12.46%
  • +10.50%
+12.46% +10.50%
Life Of Fund
  • +16.27%
  • +16.32%
+16.27% +16.32%

Top 10 Holdings

Symbol Company Name % Of Assets
DISH DISH NETWORK CORP 2.95%
DHT DHT HOLDINGS INC NEW 2.16%
NEE NEXTERA ENERGY INC 2.03%
DHR DANAHER CORP 1.57%
SNAP SNAP INC 1.56%
TMUS T MOBILE US 1.55%
VIAC VIACOMCBS INC 1.44%
AVGO BROADCOM INC 1.24%
WPM WHEATON PRECIOUS METALS CORP 1.19%
SQ SQUARE INC 1.19%

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