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, 2020

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


William W. 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 Chizmar: Vice President, Convertible Securities


Max Goddard: Analyst, Convertible Securities

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Tuesday, December 15, 2020
An Expert’s View: The COVID-19 Vaccine
Posted in Webinars: Palisade Capital Management Chief Investment Officer Dan Veru and Senior Vice President of Research Dawn Brock hosted an informative evening with Dr. Kayvon Modjarrad, who leads the U.S. Army's development of a vaccine against COVID-19 and co-leads all of Walter Reed Army Institute of Research’s COVID-19 response efforts. Dr. Modjarrad provided an update on the most recent vaccine efforts and answered questions pertaining to COVID-19 vaccines. Dan and Dawn facilitated the discussion and offered their insights regarding how Palisade Capital views the evolving vaccine landscape as both an investment thesis and as part of 2021’s overall market outlook.

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Short Duration Convertible Bond

At-A-Glance As of September 30, 2020

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