Flexible Income Fund
The Fund’s investment objective is to seek long-term total return while striving to generate current income.
The Fund seeks current income and capital appreciation by actively allocating across fixed income sectors using duration management based on the manager’s view of, among other things, future interest rates and market conditions. The Advisor retains broad discretion to modify the Fund’s duration within a wide range, including the discretion to construct a portfolio of investments for the Fund with a negative duration.
Retail and Institutional Class
No Load Mutual Fund
|Retail N-share||Inst. I-share|
|Min IRA Investment||$500||$5,000|
|Gross Expense Ratio||1.60%||1.35%|
|Net Expense Ratio*||1.09%||0.84%|
|Benchmark||Not constrained by management against any index|
|Fund Inception Date||4/7/2014|
The Fund seeks current income and capital appreciation by active asset allocation among market sectors in the fixed income universe. These sectors may include, for example, U.S. Government securities, corporate debt securities, mortgage and asset backed securities, foreign debt securities, emerging market debt securities, loans and high yield debt securities. The Advisor has broad flexibility to use various investment strategies and to invest in a wide variety of fixed income instruments that the Advisor believes offer the potential for current income, capital appreciation or both. The Fund is not constrained by management against any index.
The Advisor seeks to manage the Fund’s duration based on the Advisor’s view of, among other things, future interest rates, market conditions, the potential returns available in different sectors of the fixed income universe. Accordingly, the Adviser retains broad discretion to modify the Fund’s duration within a wide range, including the discretion to construct a portfolio of investments for the Fund with a negative duration.
* The Advisor has contractually agreed to waive fees and reimburse expenses through July 31, 2016.