“The fund seeks income in the context of low interest-rate exposure and high-quality fixed income. While many portfolios in this category maximize credit risk in order to generate significant yield, we believe there is a place for a sensible portfolio of thoroughly researched fixed income securities.”
— Jason Brady
Ultra Short Income Fund is designed to have low exposure to fluctuations in interest rates.
It provides investors with a home on the short end of the yield curve, whether they are there in anticipation of short rates rising, or simply to have a relatively stable home for a short time period.
Many portfolios and funds in this category attempt to make up for the relatively low yields attainable in the short end of the bond market by assuming additional credit risk.
We assume a modest amount of credit risk commensurate with the fund’s goal of relative stability of principal.