WP Large Cap Income Plus Fund Institutional Class (WPLCX)

Overview

The fund is designed to achieve its investment objective by allocating approximately 80% of its assets in a combination of unaffiliated open- and closed-end mutual funds, as well as exchange-traded funds (ETFs), which primarily focus on investing in fixed-income securities. This strategy is aimed at diversifying the fund’s investment portfolio across various types of bonds and fixed-income securities to pursue its financial goals. Its investment approach allows for flexibility in selecting underlying bond funds that invest across a broad spectrum of fixed-income securities, regardless of their credit rating or maturity. This fund categorizes itself as non-diversified, meaning it invests a larger portion of its assets in a smaller number of investments, which can lead to higher risk and volatility.

Products and Services

• Unaffiliated Open- and Closed-End Mutual Funds

  These investment vehicles are selected based on their primary focus on fixed-income securities. By investing in a mix of open- and closed-end mutual funds, the fund aims to capitalize on the different characteristics and advantages each type of fund offers, such as liquidity options and pricing mechanisms.

• Exchange-Traded Funds (ETFs) Focused on Fixed-Income Securities

  ETFs provide an additional layer of diversification and flexibility. They are known for their ability to be traded on stock exchanges similar to individual stocks, offering real-time pricing and the potential for intraday trading. These ETFs primarily invest in various fixed-income securities, enhancing the fund’s exposure to the fixed-income market.

• Investment in Bonds

  The fund allocates part of its investment to bonds, which are debt securities that represent a loan made by an investor to a borrower. This includes investments in various types of bonds such as corporate bonds, municipal bonds, and sovereign debt, aiming to generate steady income through interest payments.

• U.S. Treasury and Agency Securities

  Considered among the safest investments, U.S. Treasury and agency securities are backed by the full faith and credit of the U.S. government or respective agencies. The fund invests in these securities to provide a stable foundation and reduce the overall risk profile of its investment portfolio.

• Mortgage-Backed and Asset-Backed Securities

  These types of fixed-income securities are backed by pools of assets, typically loans or receivables. By including mortgage-backed and asset-backed securities in its investment mix, the fund seeks to benefit from their income-producing potential and diversification benefits.