| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 4,977 | $129,451.77 | $128,132.86 | -$1,318.91 | -1.02% |
| CE Curtis Ellergodt Rothschild Investment LLC | 155,683 | $3.97M | $4.01M | $40,109.31 | 1.01% |
| TM Tom McDonald Richards, MERRILL & PETERSON Inc. | 186,984 | $4.82M | $4.81M | -$6,770.23 | -0.14% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 89,285 | $2.29M | $2.3M | $4,818.96 | 0.21% |
Landaas & Company Landaas & Co | 581,816 | $15.12M | $14.98M | -$137,947.72 | -0.91% |
| ARCA Exchange | US Country |
The detailed description presents an investment fund focusing on bonds, debt instruments, and cash equivalents, some of which may be represented through derivatives. It emphasizes a controlled and strategic approach towards maintaining a portfolio that predominantly includes bonds and other debt securities primarily rated BBB– or Baa3 or better, as judged by Nationally Recognized Statistical Rating Organizations (NRSRO) or those unrated but deemed equivalent in quality by the adviser. The fund’s strategy is also characterized by an emphasis on short-term investments, with the average portfolio duration expected to be less than 2 years, though it may extend up to 3 years. This indicates a conservative risk management strategy focusing on liquidity and reducing exposure to long-term market volatility. The description also specifies that the fund is non-diversified, suggesting that it may invest more significantly in fewer securities, which could influence its risk and return profile.
The fund's core investment focus includes a wide array of bonds and other debt securities. These investments are carefully selected based on ratings provided by recognized rating agencies or equivalent quality determinations made by the adviser. The emphasis on bonds rated BBB– or Baa3 or better underlines the fund's cautious investment strategy aimed at balancing risk and return.
Alongside bonds and debt securities, the fund invests in cash equivalents. These short-term, highly liquid investments are essential components of the fund's strategy, enhancing liquidity and providing stability to the portfolio. Cash equivalents typically include short-term government bonds, treasury bills, money market funds, and other securities that can be quickly converted into cash.
The fund may also include derivatives as part of its investment portfolio. Derivatives are financial instruments whose value is derived from underlying assets, rates, or indices. They can be used for a variety of purposes including hedging risks, gaining exposure to certain assets without directly investing in them, and enhancing returns. The utilization of derivatives is indicative of the fund's sophisticated risk management strategies and its ability to adapt to different market conditions.