Silverdale Credit Opportunities Fund
An actively managed, uunconstrained bond fund targeting mid-teen returns primarily through opportunistic investment arbitrage and relative value trades.
OVERVIEW
Investment Objective
Silverdale Credit Opportunities Fund seeks to generate alpha through deep dive fundamental research, relative value strategies capturing market dislocation and capital structure arbitrage. The fund allocates capital dynamically across strategies with robust risk management
Key Advantage
- Absolute return, unconstrainted strategy
- Opportunistic use of leverage
- Robust risk managememt
- Performance-based fee with: 15% beyond hurdle
- Low management fees of 0.70% p.a.
Portfolio Characteristics
Data as of 31/08/2023
| Risk Metrics | |
|---|---|
| Value at Risk (95%) -1M | 3.34% |
| Max Drawdown | -8.21% |
| Voaltility (Annualised) | 15.38% |
| Sharpe Ratio | -0.46 |
| Holdings By Strategy | |
|---|---|
| Upgrade/Buyback | 15.7% |
| Relative Value | 48.7% |
| Special Situation / Event Driven | 20.3% |
| Short Duration Arbitrage | 8.9% |
| Distressed | 0.3% |
| Equity / Convertible | 0.0% |
| Others | 6.1% |
| Fund Statistics | |
|---|---|
| Yield to Maturity | |
| Average Coupon | |
| Average Duration | |
| Average Securities Price |
Fund Information
| Fund | Silverdale Credit Opportunities Fund |
| ACRA Registration No | T20VC0123D-SF004 |
| Umbrella Fund | Silverdale Fund VCC |
| Domicile | Singapore |
| Fund Currency | USD |
| Launch Date | 25 Mar 2022 |
| Maturity Date | Dec 2024 |
| NAV Frequency | Monthly (Friday)* |
| Subscription / Redemption | Restricted |
| Dividend Frequency | TBD |
| Distribution Class | SGXZ55398275 |
Footnotes
(*) Assuming to be a Business Day. (#) Indicative (^) Based on gross investments into securities. Credit Rating is based on best of the three ratings (S&P/Moodys/Fitch)
Historical Communiques
To view the previous communiques, click here.