Ambassador Fund (EMPIX)
| Fund Assets | 613.02M |
| Expense Ratio | 1.46% |
| Min. Investment | $250,000 |
| Turnover | 117.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 10.16 |
| YTD Return | 0.79% |
| 1-Year Return | 2.51% |
| 5-Year Return | n/a |
| 52-Week Low | 10.01 |
| 52-Week High | 10.38 |
| Beta (5Y) | n/a |
| Holdings | 147 |
| Inception Date | n/a |
About EMPIX
Ambassador Fund is an institutional-class mutual fund primarily focused on fixed income investments, with a specialization in insurance-linked securities such as catastrophe bonds. Its core objective is to provide current income by investing extensively in these securities, which are typically issued by insurance companies to transfer specific risks—like those arising from natural disasters—to investors. Notable for a portfolio composition that emphasizes diversity across corporate insurance-linked issuers, the fund’s holdings frequently include reinsurance-linked notes and other high-yield, risk-managed fixed income assets. Positioned in the intermediate core-plus bond category, Ambassador Fund targets income with relatively low correlation to traditional equities, aiming to deliver attractive return potential alongside limited credit, duration, or liquidity risk. The fund’s approach allows investors exposure to an alternative asset class, serving roles in portfolio diversification and risk dispersion. Due to its institutional share class and substantial minimum investment requirements, it mainly caters to sophisticated and institutional investors seeking differentiated strategies within the fixed income segment. While offering a competitive trailing yield, investors should note the fund’s relatively high expense ratio within its peer group.
Performance
EMPIX had a total return of 2.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.74%.
Top 10 Holdings
21.20% of assets| Name | Symbol | Weight |
|---|---|---|
| Mona Lisa Re Ltd. | 608800AH | 3.03% |
| Lightning Re Series 2023-1 | 532242AA | 2.55% |
| Foundation Re IV Ltd. | 349939AA | 2.42% |
| RESIDENTIAL RE 2023 LTD - Residential Reinsurance 2023 Ltd. | 76090WAC | 2.22% |
| Everglades Re II Ltd. | 30014LAT | 2.17% |
| Cape Lookout Re Ltd. | 13947LAE | 2.03% |
| CONSULATE RE 2025-10 PREFERRED NOTE / | CONS2510 | 1.72% |
| CONSULATE RE 2025-11 PREFERRED NOTE / | CONS2511 | 1.70% |
| Sanders Re III Ltd. | 799925AA | 1.69% |
| Sanders RE II Ltd. | 80001TAB | 1.66% |