NOTICE: 2019 Capital Gains Available. View PDF here.

Fund Goal

Our Strategic Enhanced Yield Fund is designed to be an opportunistic, multi-sector fixed income investment. The investment team attempts to shift allocations into areas that we believe provide the best risk/reward profiles. The Fund typically has a substantial allocation to mortgage-backed securities and other securitized products. The Fund has the freedom to invest in a broad range of credit ratings and durations.


Our Fixed Income management process is fundamentally driven, disciplined and value oriented. We construct portfolios using duration management, yield curve positioning, sector allocation, and security selection, and use these strategies as a blueprint to earn results for you.

How We Make Fixed Income Funds Work For You:


We seek opportunities to generate returns for our investors.


We test our discoveries for relative value and associated risk. If it’s not worth it, we go back to the drawing board.


We invest in assets that have value within the current market and buy when we believe the price is right.


We monitor our investments closely. We ensure our reasoning remains valid and, if it isn’t, we return to the discovery phase.

Market Concerns

Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of changing interest rates. Fixed income securities are subject to interest rate risks. The principal value of a bond falls when interest rates rise and rise when interest rates fall. During periods of rising interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates. Lower-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities. There is a chance that the repayment of a mortgage-backed obligation will occur sooner than expected.

International investing involves increased risk and volatility.


Fund Information as of 12/31/19

InstitutionalInvestorClass A
Net Asset Value$10.20$10.34$10.20
Gross Expense Ratio13.40%13.65%13.50%
Net Expense Ratio0.76%1.01%1.01%

Fund Statistics as of 12/31/19

Total Net Assets$8,669,055
Number of Holdings65
Turnover Ratio54.14%
Weighted Average Maturity (bonds)7.29 yrs.
Effective Duration (bonds)5.63 yrs.