WCM Alternatives: Credit Event Fund
Investment returns are driven primarily by the outcome of a portfolio of securities related to a specific, catalyst-focused corporate event rather than the direction of the broad fixed income market.
Daily NAV as of 8/14/2020
|Inception Date||Ticker||CUSIP||NAV||Change ($)||YTD Return (%)|
Investment ObjectiveThe Fund seeks to provide attractive risk-adjusted returns independent of market cycles. The intent is to provide such returns through both current income and capital appreciation. Risk-adjusted return is a concept that considers not only an investment’s return, but also the amount of potential risk involved in producing that return.
Investment StrategyThe Fund is an opportunistic fixed income fund diversified across several catalyst-driven, absolute return credit strategies.
Portfolio Positioning for the WCM Alternatives: Credit Event Fund®
- The fund can function as an alternative strategy for investors seeking portfolio diversification with less reliance on fixed income market performance.
- The fund can be positioned as a substitute for a portion of the fixed income investments in a bond portfolio to address principal risk due to rising interest rates.
- Using this Fund may allow advisors and investors to potentially minimize directional exposure to a variety of financial markets, with a flexible profile that responds to changing market landscapes.
|At a Glance|
|Inception Date:||December 29, 2017||December 29, 2017|
|Net Expenses(1), (2)||2.15%||1.90%|
|Total Operating Expense:(2)||5.65%||5.40%|
|Total Fund Assets as of 6/30/2020:||$7.6 M||$7.6 M|
|Total Strategy Assets as of 6/30/2020:||$7.6 M||$7.6 M|
(1)As of prospectus dated April 29, 2020.
(2)Gross Expense ratios for WCM Alternatives: Credit Event Fund Investor Class and Institutional Class as of the April 29, 2020 Prospectus are 5.65% and 5.40%, respectively. Total Net Annual Operating Expenses of the Fund’s Investor Class and Institutional Class shares are 2.15% and 1.90% respectively and were applicable to investors. The Adviser has contractually agreed to waive its investment advisory fee and to reimburse the Fund for other ordinary operating expenses to the extent necessary to limit ordinary operating expenses (not including brokerage commissions, short dividends, interest expense, taxes, acquired fund fees and expenses or extraordinary expenses) to an amount not to exceed 1.89% and 1.64% and for Investor Class shares and Institutional Class shares respectively. The expense limitation will apply until April 30, 2021, unless it is terminated by the Board of Trustees at an earlier time. Acquired Fund Fees and Expenses and Interest and Expense on Short Positions and on Interest on Reverse Repurchase Agreements are 0.02% and 0.24% respectively.