Fund Highlights
SEEKS HIGH & CURRENT INCOME
Monthly distribution yield has consistently been above 4%.
DESIGNED TO PERFORM
Actively managed strategy adapts to changing interest rate and credit risk environment.
EXPERIENCED AND SPECIALIZED TEAM
Three portfolio managers with complementary expertise in investment grade, high yield and securitized assets.
In Your Portfolio
With its exposure to higher-yielding opportunities, the Fund may serve to complement and diversify a core fixed income allocation. It may be suitable for investors looking for a current monthly income stream.
When we add a security to the portfolio, the goal is to do one of two things: either dampen volatility or provide
us with the income that we want. Ideally, it will do both.”
– Seth Meyer, Portfolio Manager
Our Approach
IDENTIFY BEST RISK-ADJUSTED OPPORTUNITIES
Leverages a bottom-up, fundamental, actively managed approach across U.S. fixed income
FUNDS INVEST IN…
Higher yielding sectors seeking higher income – typically holds between 35% and 65% in below investment grade securities
Less volatile sectors and shorter duration securities to help dampen overall volatility and create ballast for the fund
RISK MANAGEMENT
Risk management is fully integrated into the process, with deep, real-time insight gleaned from our proprietary portfolio and risk management system, Quantum Global.
What We Have Achieved
HIGH, CURRENT INCOME WITH:
- Less interest rate sensitivity than a core bond strategy
- Less credit sensitivity than a dedicated high yield bond strategy
A Record of Regular Distributions
Monthly distribution yield - Class I Shares (4/30/14 – 3/31/24)
The Fund’s Distribution Yield has been above 4% for 107 out of 115 months since inception.
30 Day SEC Yield without waivers, or “unreimbursed” meaning it does not take into account a fund’s expense reduction, and reflects an estimated yield to maturity. It should be regarded as an estimate of the fund’s rate of net investment income, and it may not equal the fund’s actual income distribution rate, which reflects a fund’s past dividends paid to shareholders. The 30 Day SEC Yield without waivers is calculated in accordance with SEC standards.
30 Day SEC Yield with waivers, or “reimbursed” meaning it takes into account a fund’s expense reduction, and reflects an estimated yield to maturity. It should be regarded as an estimate of the fund’s rate of investment income, and it may not equal the fund’s actual income distribution rate, which reflects a fund’s past dividends paid to shareholders. The 30 Day SEC Yield with waivers is calculated in accordance with SEC standards.
