Wellesley Convertibles (S:0P0001BBNX)
22.24
+0.40
(+1.83%)
USD |
Mar 31 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 | -- |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| Wellesley Asset Management (WAM) invests in long only convertibles in an effort to maximize returns and protect principal over full market cycles. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| 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 | Wellesley Asset Management, Inc. |
| Prospectus Benchmark Index | |
| ICE BofA US Convts exMand TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Greg Miller | 16.34 yrs |
| Michael Miller | 16.34 yrs |
| James Buckham | 13.34 yrs |
| Howard Needle | 3.58 yrs |
Annual Total Returns Versus Peers
As of March 31, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
JPMorgan Chase Financial Co LLC 0%
|
3.98% | -- | -- |
|
GS Finance Corp 0%
|
3.65% | -- | -- |
|
Barclays Bank plc 0%
|
3.45% | -- | -- |
|
Barclays Bank plc 0%
|
3.36% | -- | -- |
|
JPMorgan Chase Financial Co LLC 0%
|
3.29% | -- | -- |
|
The Greenbrier Companies, Inc. 2.875%
|
3.26% | -- | -- |
|
Citigroup Global Markets Holdings Inc. 1%
|
3.20% | -- | -- |
|
GS Finance Corp 0%
|
3.18% | -- | -- |
|
Akamai Technologies, Inc. 0.375%
|
3.09% | -- | -- |
|
Ford Motor Company 0%
|
3.07% | -- | -- |
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 | |
| Wellesley Asset Management (WAM) invests in long only convertibles in an effort to maximize returns and protect principal over full market cycles. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| 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 | Wellesley Asset Management, Inc. |
| Prospectus Benchmark Index | |
| ICE BofA US Convts exMand TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Greg Miller | 16.34 yrs |
| Michael Miller | 16.34 yrs |
| James Buckham | 13.34 yrs |
| Howard Needle | 3.58 yrs |
Fundamentals
Fund Details
| Key Dates | |
| Inception Date | 12/31/2007 |
| 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 |