Overview

Our Funds

Asset Backed Securities Fund

The Asset Backed Securities Fund provides exposure to global investment grade asset backed securities.

Defensive Income Fund

The Defensive Income Fund provides diversified exposure to domestic and global investment grade credit markets.

Global Income Fund

The Global Income Fund provides diversified exposure to domestic and global credit markets.

Global Opportunities Fund

The Global Opportunities Fund provides diversified exposure to global credit markets, taking an opportunistic approach to investments.

Syndicated Loan Fund

The Syndicated Loan Fund provides diversified exposure to the US senior secured loan market.

High Yield Fund

The High Yield Fund provides diversified exposure to the US high yield bond market.

More Information

Returns & Distribution Unit Pricing Fund Reports

Bentham’s Approach

Relative Value Approach

Choosing investments with the best value or yield for a given level of risk. Factors that are considered include credit risk, seniority, security structure and liquidity. The ability to invest in global markets and in a variety of currencies helps to ensure the best value investments are made.

Diversification

A fundamental concept in credit portfolio management is diversification. Credit portfolios require more diversification than equity portfolios given the skewed nature of returns. Downgrades and defaults tend to be unexpected and occur in industry clusters. Diversity reduces portfolio volatility and mitigates the impact of defaults.

Liquidity

Investments with good liquidity are usually more easily traded at a lower cost than less liquid securities. Factors contributing to the liquidity of a security include broad distribution by investor type, transparent pricing and external credit ratings.