Castellain Emerging Market Credit Fund
Fund overview
The Castellain Emerging Market Credit Fund invests predominantly in USD and EUR denominated emerging market sovereign credit. The strategy is long biased and aims to enhance returns through the exploitation of short-term trading opportunities. Hedging strategies are employed to reduce interest rate exposure and, where appropriate, tail risk exposure. The strategy places a strong emphasis on liquid assets.
Launch date
1 October 2021
Fund size
$116 Million
Dealing frequency
Daily
Annualised Return
8.8%
Fund Manager
Simon Dalah has worked in the financial industry for over 25 years, focusing almost exclusively on emerging market credit. Simon has been managing an emerging market credit investment strategy since 2011.
Performance*
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.6% | 0.8% | -1.1% | 1.8% | 0.8% | 0.6% | 0.0% | 3.5% | |||||
| 2025 | 1.4% | 0.8% | 0.3% | 0.3% | 2.4% | 1.1% | 1.2% | 0.9% | 1.3% | 0.8% | 0.7% | 0.7% | 12.6% |
| 2024 | 0.5% | 1.1% | 1.5% | 0.3% | 1.1% | 0.4% | 1.3% | 2.2% | 2.1% | 0.7% | 1.3% | 0.4% | 13.7% |
| 2023 | 3.0% | -0.3% | -0.6% | 0.6% | 1.0% | 2.5% | 1.4% | -0.3% | 0.4% | 0.7% | 3.2% | 1.8% | 14.3% |
| 2022 | -1.5% | -13.9% | 9.3% | -5.1% | 3.8% | -10.1% | 3.4% | 3.4% | -5.0% | 4.3% | 11.8% | 1.8% | -1.2% |
| 2021 | -0.1% | -4.1% | 4.8% | 0.4% |
*All performance figures are net of fees and relate to Class A USD.
Fund information
Structure
Domicile
SIPP eligible
ISA eligible
Entry Charge
UCITS
Ireland
Yes
Yes
0%
Exit Charge
Investment Manager
Administrator
Custodian
Auditor
0%
Castellain Capital LLP
CACEIS Ireland
Caceis Bank
EY
Documents
Monthly factsheets
Latest factsheets:
Castellain Emerging Market Credit Fund June 2026 Monthly FactsheetCastellain Emerging Market Credit Fund May 2026 Monthly Factsheet
Castellain Emerging Market Credit Fund April 2026 Monthly Factsheet
Please select your chosen month and year to view the relevant factsheet.
Other Funds Available
Castellain Income Fund
The Castellain Income fund invests in stock exchange listed equity and fixed income securities of tangible asset-rich companies.
Castellain Value Fund
The Castellain Value Fund targets high absolute returns with a moderate risk profile.
Castellain Green Fund
The Castellain Green Fund primarily invests in the shares of clean energy, infrastructure and sustainability-focused companies.