Fixed Income Fund Information
Key Facts
Key Facts
| wdt_ID | Key Facts | Info | info |
|---|---|---|---|
| 5 | Asset Class | Fixed Income | |
| 6 | Category | Global Emerging | |
| 7 | Total Fund Assets, USD | $42,963.178 | |
| 8 | Fund Inception Date | 01/09/2016 |
Fund Characteristic
| wdt_ID | Fund Characteristics | Info |
|---|---|---|
| 1 | Credit Rating | BB+ |
| 2 | Modified Duration | 7.54 years |
| 3 | Yield to Worst | 8.19% |
| 4 | Cash | -0.84% |
Investment Objective
Merit Fixed Income Fund aims to achieve attractive returns through a combination of capital growth and income preservation. At any one time, 90% of net assets of the fund are invested plus any leveraged amount utilized within the scope of investment purposes in sovereign or corporate debt securities of predominantly emerging market countries.
Core Principles
The fund’s investment philosophy encompasses the below key principles to structure the investment process in a disciplinary manner:
- Higher weights should be allocated to countries, which carry strong or improving underlying fundamentals, attractive valuations, and potential return catalysts
- Structure the fund’s top-down macroeconomic forecasts by formulating specific underlying country profiles to assess the impact from the external environment variables and global economic cyclicalities
- Countries deficient in strong economic fundamentals and prone to a defacto credit quality downgrade should be avoided
Fundamental analysis should be coupled with a thorough underlying security selection process to lock in relative value opportunities across and within markets.
Fund Composition
Contributing the development of the world is an important component of our portfolio. We offer financing solutions as a natural extension of our strategy.
We are dedicated to identifying and investing with top performing businesses and projects that demonstrate exceptional potential.
Merit Fixed income Fund seeks to foster the growth and development of successful female leaders with whom, including Minority- and Women-owned Business Enterprises that typically do not have access to funding.
Top Holdings
Top 10 Holdings
| wdt_ID | Top 10 Holdings | % of Total |
|---|---|---|
| 1 | GGB 1 7/8 02/04/35 | 6.76 |
| 2 | CYPRUS 1 1/4 01/21/40 | 5.37 |
| 3 | T 2 3/8 05/15/29 | 4.70 |
| 4 | RDSA NA | 4.02 |
| 5 | ACCESS 10 1/2 10/19/21 | 3.95 |
| 6 | BP/ LN | 3.70 |
| 7 | GGB 2 04/22/27 | 3.25 |
| 8 | KSA 4 1/2 04/22/60 | 3.05 |
| 9 | DD US | 2.72 |
| 10 | AXP US | 2.49 |
Rating Breakdown
Duration Breakdown
| wdt_ID | Duration Breakdown | % of Total |
|---|---|---|
| 1 | 0 - 1 yrs | 5.73 |
| 2 | 1 - 3 yrs | 9.37 |
| 3 | 3 - 5 yrs | 8.98 |
| 4 | 5 - 7 yrs | 6.57 |
| 5 | 7 - 10 yrs | 11.93 |
| 6 | 10+ yrs | 17.28 |
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