The Fund seeks to provide transparency to the institutional credit market.

The Fund invests in:

  • Direct Corporate Credit: Provides income, low volatility compared to traded markets and potential capital preservation
  • Institutional Credit Funds: Provides income, low correlation, and institutional access
  • Traded Business Development Companies: Provides diversification and liquidity
  • Structured Credit: Provides income, low correlation, and diversification

The Fund's Target Composition Range

 
Low
Mid
High
Direct Corporate Credit
35%
40%
45%
Institutional Credit Funds
15%
20%
25%
Traded BDCs
15%
20%
25%
Structured Credit
15%
20%
25%
 
 
100%
 

Low volatility and low correlation as compared to the broader equity markets.

Traded BDCs are traded on the market and liquid compared to non-traded BDCs


Fund Holdings


Definitions

Direct Corporate Credit – secured loans and bonds

Institutional Credit Funds – access to a diversified portfolio of high-yielding securities

Business Development Corporations – publicly traded firms that lend directly to small and medium U.S. businesses

Structured Credit – securities backed by a pool of private loans