The Fund seeks to maximize total return by effectively maintaining an optimal exposure to credit through time. To vary credit exposure and in an effort to hedge against potential credit, rate, and liquidity risks, the Fund utilizes an allocation to cash and credit derivatives.
Fund Documents
Disclosures
The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative. It is possible that the hedge may not succeed.
Investing involves risk, including loss of principal. There is no guarantee that the fund will achieve its investment objective. The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative. In general, as prevailing interest rates rise, fixed income securities prices will fall.
Of course there can be no assurance that the funds will achieve their objectives or that their investment strategies will be successful. No investment strategy, including a total return strategy can ensure a profit or protect against loss.
Investing involves risk, including loss of principal.
Distributed by Ultimus Fund Distributors, LLC