Model Portfolio

CreditRemarksISINDate AddedPrice of purchasePrice nowPerformance
UDFI IV (US REIT) Long

de-listed since purchase, waiting for legal outcome
NASDAQ:UDF28/10/204.00 USD1 ishnegative since purchase despite UDF IV resuming small distributions since late 2020
SNS BankLong

Purchase of expropriated bonds
Several including (XS0363514893, XS0468954523, XS0552743048)Built up position since 2019average cost of 16% of par Has traded at 50%Since purchasing the bonds have traded up as each court has furthered the view that the bond holders should receive compensation
DNA 3
(Doric Nimrod)
LONG

Purchase of aircraft leasing fund, with focus on the Airbus A380 and Etihad credit risk
GG00B92LHN58 First purchase c. March 202140p40pDoric Nimrod Air Three Limited 
POL LONG

Purchase of shares
Built up position via exchange purchases during 2019Average cost of 4pShould be in the region of 1pThe shares have subsequently been de-listed, in March 2020 the company provided its last Interim results. The company reported a NAV per share of 8p per share versus 14 (Dec. 2019)