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Credit Opportunities Fund

Summary

Summary

What is the Credit Opportunities Fund?

The Fund seeks to deliver high current income and total return through a flexible strategy investing across a broad range of global fixed income sectors.

A LEADER IN CREDIT

An investment team with proven capabilities across corporate credit and structured product sectors.

A FLEXIBLE APPROACH

Flexibility to capture opportunities across multiple sectors of the global fixed income markets.

AN EXPANDED OPPORTUNITY SET

Potential for enhanced yield and return in less liquid sectors of fixed income markets through an interval fund structure.

Dividend Yield 1 as of 05/24/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.57% 6.96%

30-Day Standardized Yield 2 as of 04/30/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.97% 3.42%

Fund Basics

Total Net Assets
-
Inception Date
02/22/2019
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.11%
Fund Net Expense Ratio
1.50%
Number of Holdings
121
Minimum Initial Investment
$1,000,000+

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge - - - - - 2.62%
Lipper Category Avg. - - - - - -
ICE BofAML U.S. High Yield Constrained Index - - - - - 2.94%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge - - - - - 1.08%
Lipper Category Avg. - - - - - -
ICE BofAML U.S. High Yield Constrained Index - - - - - 1.51%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

RELATED CONTENT

What Is an Interval Fund?
April 16, 2019

Interval funds can allocate to asset classes that are less liquid than those typically found in mutual funds but may offer the potential to generate higher long-term returns.

 

LEAD PORTFOLIO MANAGERS

lapin

Jeffrey D. Lapin, J.D.
Partner & Portfolio Manager
22 Years of Industry Experience

yuoh

Kewjin Yuoh
Partner & Portfolio Manager
25 Years of Industry Experience

 

INVESTMENT COUNCIL

rocco

Steven F. Rocco, CFA
Partner & Director of Taxable Fixed Income
18 Years of Industry Experience

kang

Eric P. Kang
Portfolio Manager
20 Years of Industry Experience

gizzo

Christopher Gizzo, CFA
Managing Director & Portfolio Manager
11 Years of Industry Experience

kurtz

Alan R. Kurtz
Portfolio Manager
19 Years of Industry Experience

rajguru

Manish S. Rajguru, CFA
Portfolio Manager
28 Years of Industry Experience

morton

John J. Morton, CFA
Portfolio Manager
34 Years of Industry Experience

castle

Adam C. Castle, CFA
Portfolio Manager
11 Years of Industry Experience

lombardi

Annika Lombardi
Portfolio Manager 
12 Years of Industry Experience

Supported By 60 Investment Professionals with 15 Years Avg. Industry Experience

Performance

Performance

Dividend Yield 1 as of 05/24/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.57% 6.96%

30-Day Standardized Yield 2 as of 04/30/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.97% 3.42%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge - - - - - 2.62%
Lipper Category Avg. - - - - - -
ICE BofAML U.S. High Yield Constrained Index - - - - - 2.94%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge - - - - - 1.08%
Lipper Category Avg. - - - - - -
ICE BofAML U.S. High Yield Constrained Index - - - - - 1.51%

Fund Expense Ratio :

Gross 2.11%

Net 1.50%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
U.S. High Yield Corporate
Emerging Market
ABS
Bank Loans
CMBS
Non-U.S. High Yield Corporate
U.S. Government Related
Convertibles
U.S. Investment Grade Corporate
Cash
Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 04/30/2019

Rating Assets
U.S. Treasury
A
BBB
<BBB
Not Rated

Fees & Expenses

Fees & Expenses

Expense Ratio

Fund Gross Expense Ratio Fund Net Expense Ratio
2.11% 1.50%

Fund Documents

Fund Documents

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Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

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