| Morningstar Fund Report | 05/04/2025 |  |
GemCap Investment Funds (Ireland) Plc – Calamos Global Convertible Fund Class I USD Acc |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 0.2 | -11.3 | 5.3 | 12.8 | -1.0 |
| +/-Cat | 1.4 | -3.4 | 3.0 | 6.5 | -1.0 |
| +/-B’mrk | -1.8 | -2.7 | -0.8 | 1.3 | 1.1 |
| Category: Convertible Bond - Global | ||||||
| Category Benchmark: FTSE Global CB TR USD | ||||||
| Key Stats | ||
| NAV 03/04/2025 | USD 25.01 | |
| Day Change | -3.46% | |
| Morningstar Category™ | Convertible Bond - Global | |
| ISIN | IE00B296W289 | |
| Fund Size (Mil) 02/04/2025 | USD 534.91 | |
| Share Class Size (Mil) 02/04/2025 | USD 76.27 | |
| Max Initial Charge | - | |
| Ongoing Charge 03/10/2023 | 1.22% | |
| Morningstar Research |
| Analyst Report | 04/12/2024 Elbie Louw, Senior Analyst Morningstar, Inc |
Calamos Global Convertible utilizes a conventional approach that has been well executed in recent years. Experienced managers lead this team, but turnover in the analyst ranks and expensive fees limit the strategy’s appeal. The majority of the... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 23 |
| Parent | 23 |
| Process | 23 |
| Performance | |
| Price | |
| Investment Objective: GemCap Investment Funds (Ireland) Plc – Calamos Global Convertible Fund Class I USD Acc |
| The investment objective of the Fund is high long-term total return through capital appreciation and current income. The Fund will, under normal circumstances, invest at least 70% of its net assets in convertible securities (securities which embed derivatives) and synthetic convertible investments, issued by companies worldwide. The synthetic convertible investments will not constitute more than 15% of the Net Asset Value of the Fund. The Investment Manager may link fixed-income securities (which may be either convertible or non-convertible) with the right to acquire equity securities and thereby manage them in a manner which seeks to maximise the risk-reward profile of the combined investment. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
John Calamos 27/11/2007 | ||
Eli Pars 26/06/2014 | ||
Inception Date 05/10/2009 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| FTSE Global CB TR EUR | FTSE Global CB TR USD |
| Portfolio Profile for GemCap Investment Funds (Ireland) Plc – Calamos Global Convertible Fund Class I USD Acc | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 2.77 | 10.11 | 35.22 | 0.18 | -11.32 | 5.27 | 12.82 | -0.98 |
| +/- Category | 5.95 | 4.96 | 13.68 | 1.45 | -3.35 | 3.03 | 6.46 | -1.00 |
| +/- Category Index | 0.52 | -1.86 | 4.28 | -1.77 | -2.66 | -0.83 | 1.26 | 1.06 |
| % Rank in Category | 11 | 13 | 3 | 23 | 82 | 13 | 11 | 66 |
| Trailing Returns (GBP) | 03/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -3.46 | -1.49 | -0.38 |
| 1 Week | -4.61 | -1.81 | -0.67 |
| 1 Month | -5.56 | -1.01 | -0.39 |
| 3 Months | -6.10 | -2.14 | 0.26 |
| 6 Months | 0.14 | -0.40 | -1.10 |
| YTD | -4.35 | -1.68 | 0.40 |
| 1 Year | 2.70 | -0.77 | -1.31 |
| 3 Years Annualised | 1.62 | -0.10 | -0.69 |
| 5 Years Annualised | 6.91 | 1.22 | -1.34 |
| 10 Years Annualised | 6.89 | 1.80 | 0.10 |
| Category: Convertible Bond - Global | |||
| Category Index: FTSE Global CB TR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -0.98 | - | - | - |
| 2024 | 5.48 | -0.14 | 0.14 | 6.96 |
| 2023 | 1.23 | 0.30 | 2.72 | 0.94 |
| 2022 | -4.54 | -8.49 | 6.02 | -4.24 |
| 2021 | -0.99 | 2.54 | 0.92 | -2.22 |
| 2020 | -0.46 | 20.15 | 3.89 | 8.82 |
| Morningstar Rating™(Relative to Category) | 28/02/2025 | ||||||||||||||||||||
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| Category : Convertible Bond - Global | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| FTSE Global CB TR USD | FTSE Global CB TR USD | |
| 3-Yr Beta | 0.98 | 0.98 |
| 3-Yr Alpha | -0.48 | -0.48 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Convertible Bond - Global | |||||||||||||||||||||||||||||||||||||||||
| Fixed Income Style | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| World Regions | 28/02/2025 | |||
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| Category: Convertible Bond - Global | ||||
| Sector Weightings | 28/02/2025 | |||
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| Category: Convertible Bond - Global | ||||
| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 0 |
| Total Number of Bond Holdings | 3 |
| Assets in Top 10 Holdings | 27.08 |
| Name | Sector | Country | % of Assets | ||
| Alibaba Group Holding Ltd. 0.5% |  | China | 5.35 | ||
| Boeing Co 6% PRF CONVERT 15/10/2027 U...
| | United States | 3.56 | ||
 GS USD Liquid Reserve Inst Inc | | Ireland | 3.40 | ||
| JD.com Inc. 0.25% | | China | 3.27 | ||
| Sanrio Co., Ltd | | Japan | 2.13 | ||
| Trip.com Group Ltd. 0.75% | | China | 2.04 | ||
| Snowflake Inc | | United States | 1.91 | ||
| Rivian Automotive Inc 4.625% | | United States | 1.86 | ||
| NCL Corporation Ltd. 1.125% | | United States | 1.82 | ||
| Eni SpA 2.95% | | Italy | 1.73 | ||
Increase  Decrease  New since last portfolio | |||||
| Category: Convertible Bond - Global | |||||
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| Biography | |
| John Calamos is Chairman and Global CIO of Calamos Investments, the firm he founded in 1977. With origins as an institutional convertible bond manager, Calamos Investments has grown into a global asset management firm with institutional and individual clients worldwide. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. Mr. Calamos established research and investment processes centered around a team-based approach designed to deliver superior risk-adjusted performance over full market cycles through a range of U.S. and global investment solutions including equity, fixed income, convertible and alternative strategies. As a pioneer in convertible securities, Calamos launched one of the first convertible funds in 1985 as a way to manage risk for clients in volatile times. He also established one of the first liquid alternative funds in 1990, reflecting a focus on innovation that continues to this day. Mr. Calamos has built a reputation for using investment techniques to control risk, preserve capital and build wealth for clients over the long term. With more than 50 years of industry experience, he is often quoted as an authority on risk-managed investment strategies, markets, and the economy. He is a frequent speaker at investment conferences around the world and appears regularly on CNBC, Bloomberg TV and Fox Business Channel. He has authored two books, Investing in Convertible Securities: Your Complete Guide to the Risks and Rewards and Convertible Securities: The Latest Instruments, Portfolio Strategies, and Valuation Analysis. Prior to entering the investment industry, Mr. Calamos served in the United States Air Force. During the Vietnam War, he served as a Forward Air Controller, with responsibilities for guiding accurate air strikes and preventing injuries to friendly troops. His squadron was the first to fly the Cessna O-2, an aircraft in which he recorded over 400 missions in combat. Captain Calamos was awarded the Distinguished Flying Cross for “extraordinary achievement while participating in aerial flight under heavy hostile attack.” His Air Force career included five years of active duty flying B-52 bombers and twelve years in the Reserves flying A-37 jet fighters. He retired as a Major. The son of Greek immigrants, Mr. Calamos is an active philanthropist supporting educational institutions and Hellenic organizations. He serves as Chairman of the Board of Directors for the National Hellenic Museum in Chicago. He is an investment committee member of the Faith Endowment, and a supporting member of the National Hellenic Society, Leadership 100 and The Hellenic Initiative. He received a B.A. in Economics and an M.B.A. in Finance from Illinois Tech, where he established Endowed Chairs in Philosophy and Business and is also a member of the Board of Trustees. He received an Honorary Doctorate in Humanities from Hellenic College Holy Cross. |
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| Fund Manager | Eli Pars |
| Manager Start Date | 26/06/2014 |
| Career Start Year | 1987 |
| Education |
| University of Chicago, M.B.A. |
| University of Illinois, B.A. |
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| Biography | |
| As a Co-Chief Investment Officer, Eli Pars is responsible for oversight of investment team resources, investment processes, performance and risk. As Head of Alternative Strategies and Co-Head of Convertible Strategies, he manages investment team members and has portfolio management responsibilities for those investment verticals. He is also a member of the Calamos Investment Committee, which is charged with providing a top-down framework, maintaining oversight of risk and performance metrics, and evaluating investment process. Eli has 34 years of industry experience, including 15 at Calamos. Prior to returning to Calamos in 2013, he was a Portfolio Manager at Chicago Fundamental Investment Partners, where he co-managed a convertible arbitrage portfolio. Previously, he held senior roles at Mulligan Partners LLC, Ritchie Capital and SAM Investments/The Hampshire Company. Earlier in his career, Eli was a Vice President and Assistant Portfolio Manager at Calamos. He received a BA in English Literature from the University of Illinois and an MBA with a specialization in Finance from the University of Chicago Graduate School of Business. |
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