Short Duration Convertible Bond

Palisade’s Short Duration Convertible Bond strategy seeks to generate asymmetric returns by investing in short-term domestic convertible bonds. Palisade believes these securities are an under-utilized asset class and that a portfolio composed of short term convertible bonds may offer investors liquid, low beta, low volatility-type exposures. The team seeks to invest in bonds that have a strong likelihood to repay principal at maturity or put date, and strives to build portfolios having attractive upside/downside capture ratios, attractive yields, and strong cash flows.

Investment returns are expected to be driven by the optionality inherent in short-term, out-of-the-money convertibles while the structural benefits of a short duration portfolio priced near par value enhances capital preservation.

At-A-Glance As of September 30, 2019

Average Investment Experience

YEARS

Portfolios Initially Consist of

30-50

Short Duration Conv Bonds

Region Focus:

U.S.

Investment Style:

Absolute Return

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Investment Team


Bill Lee: Managing Director,
Senior Portfolio Manager


Ray Lam, CFA: Senior Vice President &
Associate Portfolio Manager
Short Duration Convertible Bonds


Mitchell Leung, CFA: Senior Vice President &
Associate Portfolio Manager
Long Convertible Securities


Michael J. Chizmar: Vice President, Convertible Securities


Max Goddard: Analyst, Convertible Securities

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Tuesday, December 03, 2019
Allocations to Concentrated Equity Strategies
Posted in White Papers: As investors search for solutions to help meet their risk and return objectives in these uncertain times, Palisade believes concentrated equity portfolios of high-quality issuers offer a compelling approach to achieve long-term investment objectives. Investors should not underestimate the role of individual companies within a portfolio or believe all risk can be avoided through diversification. Instead, investors seeking long-term return should consider allocating some portion of their assets to concentrated strategies that allow individual companies to drive portfolio performance.

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For further information regarding this white paper or about Palisade Capital Management, please contact us at info@palcap.com.

Wednesday, October 30, 2019
Q3 2019 Investor Commentary
Posted in Market Commentaries: Third quarter stock market performance was modestly positive. The S&P 500® Index and the Dow Jones Industrial Average both advanced by 1.2%. But that small gain was erased in the first week of October, as worries over trade, manufacturing, and politics took center stage. Still, the U.S. stock market’s year-to-date advance has been impressive; through September 30, the S&P 500® returned 20.6%, its best nine-month run of any year this decade.; Read More

Friday, October 25, 2019
Palisade Capital Management Chief Investment Officer Dan Veru Appears on CNBC’s “Worldwide Exchange”
Posted in Media Appearances: On October 25, 2019, Palisade Capital Management Co-Chairman and Chief Investment Officer Dan Veru appeared on CNBC’s “Worldwide Exchange” to discuss why it's always difficult to time the market's shift from growth to value, and vice-versa.; Read More

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Short Duration Convertible Bond

At-A-Glance As of September 30, 2019

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