Funds Reports
Atlantic Bond Fund - July 2025 Report
Welcome to the inaugural monthly report of the 3CC Atlantic Bond Fund, launched on June 20th, 2025. Please find the full version attached.
Hi all,
In its first full month of trading, the fund delivered a solid +0.40% return, reflecting its diversified allocation across Portuguese, Eurozone, and international bonds, complemented by a small allocation to gold. The focus remains on building a high-quality bond portfolio with strong credit fundamentals, tailored for conservative investors seeking stability and capital preservation.
July Highlights:
Positive Start: Fund gained +0.40%, with Fidelidade (+25bps) as the top contributor.
Portuguese Core: 64% allocation to leading names such as Banco BPI, EDP, REN, Floene, CGD, and Novo Banco, anchoring long-term stability.
Euro Debt Diversification: Exposure through ETFs in high-yield corporates and short-duration investment grade added incremental performance.
International Debt: Allocations to AT1 capital bonds and emerging market debt contributed positively (+17bps combined).
Gold Allocation: A strategic 2.1% position in Amundi Physical Gold ETC provides diversification and a hedge against currency debasement.
The Atlantic Bond Fund is designed to offer a safe and steady path for investors, with a focus on quality credit, stable income, and risk mitigation. We are confident this strong foundation positions the fund well as we move forward.
Best regards,
Nuno Serafim
Month Report ABF - July 2025
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Nuno Serafim
Managing Partner
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Nuno is an experienced financial executive with broad experience in the Asset Management industry, being board member of IMGA, where he served as Chief investment Officer, overseeing €3.4B of AuM before he founded 3 Comma Capital, together with Robert and Patrick Hable in 2022.
