The investment seeks to achieve capital appreciation and income with a low correlation to interest rate movements. Normally, the fund will invest at least 80% of the value of its net assets (plus borrowings for investment purposes) in fixed income securities. The Adviser seeks to achieve the fund's investment objective by investing in tax-exempt municipal bonds, corporate bonds (including junk bonds), U.S. Treasury bonds, Treasury Inflation Protected Securities (TIPS), non-U.S. dollar bonds, mortgage-backed securities, asset-backed securities, derivatives, bank loans, collateralized loan obligations, and cash equivalents. The fund is non-diversified.
Fund filings (PDF) »