Algebris UCITS Funds plc - Algebris Financial Credit Fund MD EUR Inc
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The Algebris Financial Credit Fund invests in a wide range of debt securities issued by global financial institutions, including senior and subordinated bonds, preference shares, and hybrid capital instruments like Additional Tier 1 securities. The fund holds a diversified portfolio with an average credit rating of BBB and an effective duration of 3.1 years, aiming to provide a current gross yield of around 5.7%. By encompassing both investment-grade and below investment-grade instruments, the fund seeks to generate steady income and achieve modest capital appreciation within the financial credit sector worldwide.