Deer Park Total Return Credit Fund Class C (DPFCX)

Overview

The fund is specialized in investing primarily in asset-backed debt securities (ABS), with a focus on those securities that are predominantly backed by mortgages on real estate. The fund's investment strategy includes a mix of both fixed and floating rate securities, with the allocation between these two types of investments varying based on current market conditions and the opportunities available. A significant aspect of the fund's management approach is the delegation of portfolio management duties to a sub-adviser, indicating a reliance on specialized external expertise for making investment decisions. This fund may also diversify its investments into other types of asset-backed or debt securities, reflecting a broad approach to achieving its investment objectives.

Products and Services

• Asset-Backed Debt Securities (ABS)

  The core of the fund's investment strategy, focusing on securities that are primarily backed by real estate mortgages. These investments provide the potential for income through interest payments, while also involving risks associated with the underlying mortgages.

• Fixed Rate Securities

  Part of the fund's portfolio may consist of fixed rate securities, which offer a consistent return over time. These are opted for stability in returns, especially appealing during periods of low-interest rate volatility.

• Floating Rate Securities

  To hedge against interest rate fluctuations and to potentially benefit from rising interest rates, the fund invests in floating rate securities. The interest payments on these securities adjust based on market interest rates, providing a flexible income potential.

• Management by Sub-Adviser

  The delegation of the fund's portfolio management to a sub-adviser suggests a strategy of utilizing specialized expertise in managing investments, particularly in the complex field of ABS and other debt securities.

• Other Debt Securities

  Besides ABS, the fund may also invest in a variety of other debt securities, broadening its investment base and potentially mitigating risk through diversification. This includes securities beyond those backed by real estate, offering investors exposure to different sectors and risk-return profiles.