5 Years H.A.M. Enhanced Yield CB Fund

The anniversary year 2025 continues for Holinger Asset Management.

This past March, Holinger Asset Management celebrated 2️⃣5️⃣ years of the H.A.M. Global Convertible Bond Fund. Just four months later, the next milestone is already upon us:

5️⃣ Years H.A.M. Enhanced Yield CB Fund

The market dislocations triggered by Covid-19 in Q1 2020 led to significant mispricings among short-dated convertible bonds. Many securities traded below their fair value, offering compelling return opportunities. To this day, their yields often exceed those of comparable traditional corporate bonds with the same seniority—while also providing a call option on the underlying equities.

Holinger Asset Management seized this opportunity and launched the H.A.M. Enhanced Yield CB Fund on 22 July 2020.

The fund’s strategy targets short- to medium-term capital appreciation through actively managed investments in global convertible bonds with attractive yield to maturity profiles - benchmark-agnostic, selective, and focused. Equity sensitivity remains in the single-digit range, and the average credit rating is investment grade.

Looking back over five years, the verdict is clear: the strategy has delivered. Convertible bonds continue to present an attractive alternative to traditional fixed income.

Learn more about the H.A.M. Enhanced Yield CB Fund on our website.

Performance

 

Key Figures

 

2025 YTD

+4.03%

Volatility 1y

1.53%

2024

+4.96%

Vol. p.a. since Incept.

3.45%

2023

+5.13%

Max. Drawdown 1y

-0.72%

2022

-3.79%

Max. DD since Incept.

-10.79%

2021

+2.21%

Sharpe Ratio 1y

1.25

Since Inception (p.a.)

+3.34%

Sharpe R since Incept.

0.17

Since Inception (acc.)

+17.79%

Yield to Maturity

5.20%

Performance net, as of current NAV 16.07.2025

Chart EN

Source: Bloomberg, H.A.M.

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