Portfolio Commentary

Portfolio Commentary for the Absolute Credit Opportunities Fund can be found within the shareholder letters in the Annual and Semi-Annual reports. If you are a financial adviser and would like to be added to our e-mail distribution list, register in the Financial Adviser Center on this site or contact us by e-mail.

2015 Portfolio Commentary

“…In our opinion, investors have been increasing credit risk at the expense of holding cash, CDs or Treasuries. We see nontraditional bond funds taking on increasing levels of exotic credit risk while sometimes hedging interest rate risk and, as a result, the traditional “ballast” (or capital preservation portion) of portfolios has been greatly diminished over the past five years… More than ever, we believe the Fund provides diversification to an overall portfolio and specifically the bond portion of a portfolio…” [read all]