The investment team will employ a fundamental investment process to construct a high-conviction portfolio comprised primarily of floating rate debt instruments that are attractively valued, including, without limitation, floating rate leveraged loans, which could include, among other types of loans, senior secured loans, unsecured loans and second lien loans. The team’s aim is to invest across the credit quality spectrum in various industries and issuance sizes to construct a portfolio that can generate appealing risk-adjusted returns.
As of 30 April 2022 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Investor Class: ARTUX | 0.16 | -0.72 | — | — | — | — | -1.01 |
Credit Suisse Leveraged Loan Index | 0.17 | 0.07 | — | — | — | — | 0.67 |
As of 31 March 2022 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Investor Class: ARTUX | -0.88 | -0.88 | — | — | — | — | -1.18 |
Credit Suisse Leveraged Loan Index | -0.10 | -0.10 | — | — | — | — | 0.50 |
Gross | Net | |
Annual Report 30 September 2021 | — | — |
Prospectus 15 November 2021 | 1.35% | 1.21% |
Includes estimated expenses for the current fiscal year. Net expenses reflect a contractual expense limitation agreement in effect through 31 Jan 2023. See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 30 April 2022) |
|
---|---|
KUEHG Corp | 4.6 |
Gridiron Fiber Corp | 4.1 |
Edelman Financial Engines Center LLC | 3.6 |
AssuredPartners Inc | 3.4 |
SS&C Technologies Inc | 3.4 |
Ankura Consulting Group LLC | 3.0 |
Employbridge LLC | 2.8 |
TKC Holdings Inc | 2.7 |
Renaissance Learning Inc | 2.6 |
SRS Distribution Inc | 2.5 |
Total | 32.7% |
Portfolio Statistics (as of 30 April 2022) |
|
---|---|
Number of Holdings | 87 |
Number of Issuers | 74 |
30-Day SEC Yield (ARTUX) | 3.09% |
Portfolio Composition (% of total portfolio as of 30 April 2022) |
|
---|---|
|
|
Floating Rate Loans | 88.4 |
Other Floating Rate Securities | 3.0 |
Fixed Rate Loans | 0.3 |
Fixed Rate Bonds | 0.0 |
Cash and Cash Equivalents | 8.3 |
Total | 100.0% |
Ratings Distribution (% as of 30 April 2022) |
|
---|---|
BBB | 4.7 |
BB | 13.5 |
B | 73.1 |
CCC | 8.3 |
Unrated | 0.4 |
Total | 100.0% |
Sector Diversification (% of portfolio securities as of 30 April 2022) |
|
---|---|
Automotive | 0.7 |
Banking | — |
Basic Industry | 2.1 |
Capital Goods | 8.7 |
Consumer Goods | 2.9 |
Energy | — |
Financial Services | 16.2 |
Health Care | 2.0 |
Insurance | 11.3 |
Leisure | 8.8 |
Media | 3.1 |
Real Estate | — |
Retail | 3.5 |
Services | 16.5 |
Technology & Electronics | 19.7 |
Telecommunications | 4.5 |
Transportation | — |
Utility | — |
Other | — |
Total | 100.0% |