Performance
as of April 30, 2023
1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Since Inception* |
---|---|---|---|---|---|---|---|---|
1M 1.9% | 3M 2.2% | 6M 5.0% | YTD 3.5% | 1Y 0.3% | 3Y* 10.5% | 5Y* 4.6% | 10Y* 6.0% | Since Inception* 7.0% |
Returns are based on class B unit. Inception July 2009
Net of fees and includes reinvested distributions
*Annualized
INVESTMENT OBJECTIVES & STRATEGY
The Fulcra Credit Opportunities Fund generates consistent absolute returns through investing in bonds, loans and other fixed income securities but may hold equity and other equity-like securities. The Fund’s investment objective is to generate superior long term, risk adjusted investment returns. Our preference for bonds stems from both their seniority in the capital structure and their term certainty. Equity like returns, without equity like risks.
Our size gives us a unique opportunity to be involved with companies underneath the radar and focus of many larger funds. We believe a fairly concentrated portfolio of companies provides the best long-term results. We are ratings agnostic, non-levered and currency hedged. We manage the portfolio to a consistently short duration to avoid the negative effects of interest rate fluctuations and since we are highly opportunistic, we are rarely fully invested, keeping cash or near cash for inevitable opportunities that arise from market dislocations, ratings events or merger and acquisition situations.
Downloads
Fund Information | |
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Fund Information Inception Date | July 1, 2009 |
Fund Information Minimum Investment | $150,000 |
Fund Information Distribution | DRIP Quarterly, Cash Optional |
Fund Information Subscription Options | FundSERV, Direct Investment |
Fund Information Offering Document | Offering Memorandum |
Fund Information RSP/TFSA Eligibility | Yes |
Fund Information Pricing/Redemption | Monthly |
Fund Information Lockup | No |
Fund Class | A | B | C | D |
---|---|---|---|---|
Fund Class FundSERV Code | A FAM 100 | B FAM 200 | C FAM 300 | D FAM 400
|
Fund Class Management Fee | A 1.5% | B 0.75% | C 1.5% | D 0.75% |
Fund Class Performance Fee | A - | B 15% | C - | D 15% |
Fund Class Hurdle Rate | A - | B 5% | C - | D 5% |
Fund Class High Water Mark | A - | B Yes | C - | D Yes |
Fund Class Advisor Trailer Fee | A - | B - | C Yes | D Yes |
SERVICE PROVIDERS | |
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SERVICE PROVIDERS Custodian | CIBC Mellon |
SERVICE PROVIDERS Prime Broker | BMO Capital Markets |
SERVICE PROVIDERS Auditor | KPMG LLP |
SERVICE PROVIDERS Valuation Administrator | SS&C CommonWealth |