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Semper Total Return Fund


About the Semper Total Return Fund:

The Semper Total Return Fund seeks to provide a high level of risk-adjusted current income and capital appreciation, by:

  • Investing in a portfolio of mortgage-backed securities (MBS), including agency and non-Agency residential MBS (RMBS) and commercial MBS (CMBS).
  • Offers diversification – low correlation to equities and other credit markets
  • Targets 4-6% annualised return whilst minimising volatility

The daily-dealing UCITS Fund will emulate Semper Capital Management’s existing US-domiciled MBS Total Return Strategy, providing European investors access to Semper Capital Management’s +20 years’ experience in fixed income and mortgage-backed securities for the first time.

Available on:

Ascentric, Alliance Trust, Allfunds, Aviva, Aegon/Cofunds, Nucleus, Novia, Transact, Fidelity Funds Network, Pershing, Quilter/Old Mutual, Zurich, Praemium, 7IM, Fusion, AJ Bell, Standard Life, Wealthtime

About Semper Capital Management: 

  • A New York based independent investment management firm specialising in mortgage securities and other asset-backed investments
  • Founded in 1992
  • Repeatable institutional process and execution across commingled funds and separate accounts
  • Offering multiple access points (SMAs, public funds, private funds, direct opportunities)
  • Firm’s size and experience uniquely positioned to extract value in the non-Agency RMBS sector

Semper Capital Management is Minority Business Enterprise certified and has been an SEC registered investment adviser since 1992*.

*Registration with the Securities and Exchange Commission (SEC) does not in any way constitute an endorsement by the SEC of an investment adviser’s skill or expertise.

Fund Information

Launch Date:31 March, 2018
Currency:GBP, USD, EUR
Domicile: Ireland
Manager:Gemini Capital Management
Investment Manager:Semper Capital Management
Administrator:RBC Investor Svcs, (Ireland) Ltd.

Further Information

The Semper Total Return Fund (“the Sub-Fund”) is a sub-fund of GemCap Investment Funds (Ireland) Plc. (“the Company”), an umbrella type open-ended investment company with variable capital, incorporated on 1 June 2010 with limited liability under the laws of Ireland with segregated liability between sub-funds.

The Company is authorised in Ireland by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011) (the “UCITS Regulations”), as amended.

Gemini Capital Management (Ireland) Limited is the appointed Manager and Global Distributor and is responsible for the oversight of all distribution arrangements for the Sub-Fund.

This website has been created by LGBR Capital London Limited, which provides distribution services to Semper Capital Management. Further information on Semper and their products can be found at