HCM Dynamic Income Fund Investor Class (HCMFX)

Overview

The fund is designed to meet its investment goals by engaging in both long and short positions within the fixed income securities market. It operates with a broad definition of fixed income securities, incorporating a wide array of debt instruments. This includes government and corporate issues, both within the U.S. and internationally, offering a variety of interest rate structures. Through this diversified approach, the fund aims to navigate the complexities of the global fixed income landscape, leveraging opportunities across different sectors and geographies to achieve its objectives.

Products and Services

• Bills: Short-term debt instruments issued by governments, typically with maturities of less than one year. These are considered low-risk investments and are used by the fund to provide liquidity and safety of principal.
• Notes: Medium-term fixed income securities, often with maturities ranging from one to ten years. Notes can be issued by governments or corporations and offer a balance between yield and risk, serving as a core component of the fund's investment strategy.
• Structured Notes: Customized debt securities that include derivatives to alter the risk-return profile. These instruments can provide tailored exposure to specific market outcomes, interest rates, or indices, allowing the fund to hedge positions or gain targeted exposure.
• Bonds: Long-term debt securities with maturities exceeding ten years. Bonds can be issued by governments or corporations and are a fundamental asset class for the fund, offering the potential for higher yields in exchange for increased risk.
• Convertible Bonds: Corporate bonds that can be converted into a predetermined number of the company's shares, typically at the discretion of the bondholder. This feature combines the income features of bonds with the potential for capital appreciation, making them an attractive option for the fund to diversify its strategies.
• Other Debt or Debt-related Securities: This category encompasses a wide range of other debt instruments, including but not limited to, preferred securities, mortgaged-backed securities, and collateralized debt obligations. These instruments can offer various levels of risk, return, and duration, providing the fund with additional flexibility in achieving its investment objectives.