Sound Point Floating Rate Income Fund Institutional Class (SPFLX)

10.52
Net Asset Value
+0.10%
1 Day
--
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
1.21%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks to provide a high level of current income consistent with strong risk-adjusted returns. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in income producing floating rate loans and other floating rate debt securities, which may include bonds, notes and debentures issued by corporations, debt securities issued or guaranteed by the U.S. government or one of its agencies or instrumentalities, and commercial paper. It is non-diversified.

Performance

1 month+0.38% 3 years--
3 months+0.29% 5 years--
1 year+5.24% Since inception+6.96%
Data through --

Peer Comparisonvs. Bank loan

 SPFLXCategory
Performance 5-yr return--+5.93%
Expense ratio1.21%1.13%
Risk 5 year sharpe ratio--1.53
Net assets$21.0M$2.6B
Average market cap----
Average P/E----
Portfolio turnover165%165%

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Fund Management and Purchase Info

Fund familySound Point
Fund manager & tenureStephen Ketchum / 1 Years
Minimal initial investment$250,000.00
Minimum IRA investment--

Holdings

Fixed income86.09%
Cash13.91%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.

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