Braddock Multi-Strategy Income Fund (BDKNX, BDKCX, BDKAX)
|As of 09/30/2019||Quarter||YTD||One Year||Three Years||Five Years||Cumulative ITD||Annualized ITD|
|A Shares w/Load||-3.10%||0.63%||0.06%||3.70%||3.99%||131.09%||8.59%|
|Bloomberg Barclays Aggregate Bond Index||2.27%||8.52%||10.30%||2.92%||3.38%||47.51%||3.90%|
|ICE BofAML U.S. Cash Pay U.S. High Yield||1.23%||11.51%||6.34%||6.06%||5.36%||129.32%||8.51%|
Performance data quoted represents past performance and is no guarantee of future results. Total return figures include the reinvestment of dividends and capital gains. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the most recent month end performance, please call (800) 207-7108. Returns showing less than one year are cumulative. The gross operating expense ratio for the Class A, C, and Institutional Shares are 1.83%, 2.58%, and 1.58%, respectively. The net operating expenses after fee waiver and/or expense reimbursement are 1.76%, 2.51%, and 1.51% for the Class A, C, and Institutional Shares, respectively. The contractual agreement between the Fund and the Advisor for the fee waiver and/or expense reimbursement is in effect until April 30, 2020. Without the contractual agreement, performance would have been lower. Performance results with load reflect the deduction for Class A Shares of the 4.25% maximum front end sales charge. Class C Shares are subject to a contingent deferred sales charge of 1.00% when redeemed within 12 months of purchase. Performance represented without the load would be lower if this charge was reflected. Because of ongoing market volatility, Fund performance may be subject to substantial short term changes. **ITD represents inception-to-date, 7/31/2009.
The Fund commenced investment operations on December 31, 2015, after the conversion of a limited partnership Account, Braddock Structured Opportunities Fund Series A, L.P., which commenced operations on 7/31/2009, (the “Predecessor Account”), into shares of the Fund’s Institutional Class. Information portrayed prior to December 31, 2015 is for the Predecessor Account. The Fund’s objectives, policies, guidelines and restrictions are in all material respects equivalent to those of the Predecessor Account. The Predecessor Account was not registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore was not subject to certain restrictions imposed by the 1940 Act on registered investment companies and by the Internal Revenue Code of 1986 on regulated investment companies. If the Predecessor Account had been registered under the 1940 Act, the Predecessor Account’s performance may have been adversely affected.
The Bloomberg Barclays Aggregate Bond Index measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities. Index Inception: 1/1/1986. The Bank of America Merrill Lynch U.S. Cash Pay U.S. High Yield Index tracks the performance of US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating, at least 18 months to final maturity at the time of issuance, at least 1 year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. Index Inception: 5/31/1992. One Cannot invest directly in an index.
|As of 9/30/19||Net Assets|
|Braddock Multi-Strategy Income Fund||$536,611,649|