Camden Bond (S:0P00006UY8)
57.94
-1.32
(-2.23%)
USD |
Apr 30 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | Upgrade |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Camden Bond Strategy seeks to generate returns that consistently exceed the Bloomberg Barclays U.S. Aggregate Index by 200 to 300 basis points per year (gross) by investing in a portfolio of Treasury futures (the Duration Replication Portfolio) and in an active credit portfolio which attempts to generate excess returns by substituting the credit exposure of the Index with what we perceive to be cheaper credit exposure from the convertible bond market. Our goal is to isolate the wider (than comparable rated straight debt) credit spread that exists in convertible bonds by hedging out the security’s equity and interest rate exposures. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Large Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Camden Asset Management, LP |
| Prospectus Benchmark Index | |
| Bloomberg US Agg Bond TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| John Wagner | 27.02 yrs |
| David Lindberg | 23.16 yrs |
| Alexander Lach | 22.34 yrs |
| Scott Lange | 16.99 yrs |
Annual Total Returns Versus Peers
As of April 30, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
CenterPoint Energy Inc 7% PRF CONVERT 01/09/2021 USD 1000 - Ser B (1/20th i
|
7.01% | -- | -- |
|
Becton, Dickinson and Co Pfd
|
4.50% | -- | -- |
|
Tesla Inc 2.38%
|
3.21% | -- | -- |
|
Atlassian Inc 0.62%
|
2.91% | -- | -- |
|
NextEra Energy Inc Unit
|
2.89% | -- | -- |
|
Crown Castle International Corp Cum Conv Pfd Registered Shs Series -A-
|
2.81% | -- | -- |
| BlackRock Liquidity Treasury Instl | 2.54% | 1.00 | 0.00% |
|
DTE Energy Co Units
|
2.34% | -- | -- |
|
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-
|
2.33% | -- | -- |
|
Southern Co Unit - Series A (2019)
|
2.30% | -- | -- |
Fees & Availability
| Fees | |
| Negotiable Fee |
|
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| The Camden Bond Strategy seeks to generate returns that consistently exceed the Bloomberg Barclays U.S. Aggregate Index by 200 to 300 basis points per year (gross) by investing in a portfolio of Treasury futures (the Duration Replication Portfolio) and in an active credit portfolio which attempts to generate excess returns by substituting the credit exposure of the Index with what we perceive to be cheaper credit exposure from the convertible bond market. Our goal is to isolate the wider (than comparable rated straight debt) credit spread that exists in convertible bonds by hedging out the security’s equity and interest rate exposures. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Large Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Camden Asset Management, LP |
| Prospectus Benchmark Index | |
| Bloomberg US Agg Bond TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| John Wagner | 27.02 yrs |
| David Lindberg | 23.16 yrs |
| Alexander Lach | 22.34 yrs |
| Scott Lange | 16.99 yrs |
Fundamentals
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | -- |
| Weighted Average Price to Sales Ratio | -- |
| Weighted Average Price to Book Ratio | -- |
| Weighted Median ROE | -- |
| Weighted Median ROA | -- |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
| Bond | |
| Current Yield | 1.65% |
| Yield to Maturity | Upgrade |
| Effective Duration | -- |
| Average Coupon | Upgrade |
| Average Credit Score | -- |
| Average Price | -- |
As of March 31, 2020
Fund Details
| Key Dates | |
| Inception Date | 5/1/1997 |
| Last Annual Report Date | 12/31/2023 |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |