Fund in Focus
Beach Point Diversified Credit UCITS Fund
Investment Objective and Philosophy:
The Sub-Fund’s investment objective is to generate superior long-term performance with less than commensurate risk through an opportunistic portfolio of high yield bonds. The investments may also include stressed/opportunistic credit investments, undervalued and event-driven equities, and capital structure arbitrage investments. The Sub-Fund may also invest in short positions via the use of derivatives in debt and equity instruments.
Key elements of the Investment Manager's investment process include:
- value identification of companies, utilizing both conventional and proprietary tools and sources of deal flow;
- a due diligence process that includes structural review of the issuer's capital structure, detailed review of indenture covenants, asset coverage and liquidation valuation and bankruptcy analysis;
- a relative-value decision-making process that evaluates how each particular investment relates to comparable investments available or currently in a portfolio;
- ongoing monitoring that continues the due diligence process after the investment is entered into a portfolio.
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“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.
Investment in the funds described on this website carries a substantial degree of risk and places your capital at risk. There can be no assurance that the investment objectives of the fund will be achieved and investment results may vary substantially over time. The price and value of investments can go down as well as up and an investment in the fund may be subject to sudden and large falls in value.You may not get back the original amount invested and you may lose all of your investment. Investment in the funds described on this website is not suitable for all investors. If you are in any doubt as to the suitability of an investment in a fund for you, you should consult an independent financial advisor. The offering documents for the funds contain risk warnings which are specific to each fund and you should only invest in a fund once you have carefully read and understood the prospectus and simplified prospectus/Key Investor Information Document (KIID)for the fund. The prospectus, the simplified prospectus/KIID and the latest periodic reports for each fund are also available free of charge (contact details of the facilities where such documents are available are set out on the web-page of the relevant fund).
The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds.
Tax treatment depends on your individual circumstances and may be subject to change in future.