HCM Dynamic Income Fund Class I Shares (HCMUX)

Overview

The fund is designed to maximize returns through strategic investments in a broad range of fixed income securities. Its approach is versatile, employing both long and short positions to capitalize on market movements and interest rate changes. The fund's investment universe encompasses a diverse set of debt instruments, including government and corporate securities from both the U.S. and international issuers. With a focus on fixed, variable, floating, and inverse floating rate securities, the fund aims to provide investors with a balanced mix of income generation and capital appreciation opportunities.

Products and Services

• Bills

  Bills, often referred to as Treasury bills when issued by a government, are short-term debt instruments that typically mature in one year or less. They are a core component of the fund's investment strategy, valued for their liquidity and relatively low risk.

• Notes

  Notes are medium-term fixed income securities that mature in more than one year but less than ten years. Issued by governments or corporations, they provide a balance between yield and duration risk, making them an essential part of the fund's diversified approach.

• Structured Notes

  Structured notes are customized debt securities that also include derivatives. Their return profile is linked to the performance of one or more underlying assets, offering potentially higher returns but with greater risk. This allows the fund to target specific investment outcomes and manage risk.

• Bonds

  Bonds are longer-term debt securities, with maturities exceeding ten years. They can be issued by governments (sovereign bonds) or corporations (corporate bonds) and are a fundamental asset class within the fund's portfolio. Bonds provide regular interest payments, contributing to the fund's income generation goals.

• Convertible Bonds

  Convertible bonds combine the features of bonds and stocks. These securities offer the stability of fixed interest payments but can be converted into a predetermined number of the issuer's shares under certain conditions. This provides potential for appreciation in addition to income, aligning with the fund's dual objectives of growth and income.

• Other Debt or Debt-Related Securities

  This category includes a variety of other instruments such as preferred stocks, mortgage-backed securities (MBS), and asset-backed securities (ABS). These debt instruments offer unique risk-return profiles and diversification benefits, making them valuable tools for achieving the fund's investment objectives.