C000226084 Performance — Absolute Convertible Arbitrage Fund, Investor Shares
Data updated: 2023-08-28
C000226084 returned +5.81% over one year to Jun 2023. Over one year the fund trailed its Preferred & Convertible category average: $100 grew to $106, against $107 for the category. Volatility over the past 12 months was 1.90% a year. In the 12 months to Jun 2023 the fund took in a net $340.5M, and assets reached $1.09B.
C000226084 Growth of $100
What $100 invested in Absolute Convertible Arbitrage Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Preferred & Convertible category average over the same months.
| Period | C000226084 | Category average |
|---|---|---|
| 1 year (Jul 2022 – Jun 2023) | $106 | $107 |
| Since data start (Jan 2021 – Jun 2023) | $105 | $92 |
C000226084 Trailing Returns
Total returns to Jun 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.81% |
| 3 years (annualised) | +1.85% |
C000226084 Annual Returns
Calendar-year total returns of Absolute Convertible Arbitrage Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jun) | +2.73% |
| 2022 | −0.82% |
| 2021 | +2.77% |
C000226084 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +1.0% | 0.0% | +0.2% | +0.3% | +0.6% | +0.6% | — | — | — | — | — | — |
| 2022 | −0.5% | −0.4% | +0.3% | −0.6% | −1.5% | −1.1% | +0.9% | +1.1% | −0.9% | +0.6% | +0.7% | +0.5% |
| 2021 | +0.8% | +1.0% | −0.5% | −0.3% | 0.0% | +0.4% | 0.0% | +0.2% | +0.4% | +0.6% | −0.3% | +0.3% |
C000226084 Risk
Risk measures from monthly returns over Jul 2022 – Jun 2023.
- 1-year volatility (annualised): 1.90%
- Best month: +1.11% (Aug 2022)
- Worst month: −0.91% (Sep 2022)
C000226084 Fund Flows
Monthly money in and out of Absolute Convertible Arbitrage Fund, from SEC Form N-PORT.
- 12-month net flow: $340.5M
- 12-month gross sales (incl. reinvestments): $619.0M
- Sales ÷ redemptions: 2.22×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2023 | $21.8M | $18.8M | $3.0M |
| May 2023 | $54.7M | $26.3M | $28.4M |
| Apr 2023 | $35.3M | $15.8M | $19.5M |
| Mar 2023 | $42.0M | $30.7M | $11.3M |
| Feb 2023 | $30.4M | $18.8M | $11.6M |
| Jan 2023 | $36.2M | $26.3M | $9.9M |
| Dec 2022 | $87.1M | $36.6M | $50.5M |
| Nov 2022 | $54.3M | $20.3M | $33.9M |
| Oct 2022 | $81.5M | $35.0M | $46.5M |
| Sep 2022 | $24.7M | $14.1M | $10.6M |
| Aug 2022 | $80.2M | $14.9M | $65.3M |
| Jul 2022 | $70.7M | $20.8M | $50.0M |
C000226084 Assets Under Management
Net assets of Absolute Convertible Arbitrage Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-06-30 | $1.09B |
| 2023-03-31 | $1.04B |
| 2022-12-31 | $997.24M |
| 2022-09-30 | $878.38M |
| 2022-06-30 | $743.65M |
| 2022-03-31 | $710.14M |
| 2021-12-31 | $615.18M |
| 2021-09-30 | $528.57M |
| 2021-06-30 | $473.88M |
| 2021-03-31 | $440.20M |
| 2020-12-31 | $272.57M |
| 2020-09-30 | $223.19M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.