Credit Strategies Fund

Mandate Alternative Corporate Credit
Inception Date: January 2023
Fund Codes: Class F NEW 701
Class G NEW 703
Class C NEW 707
Management Fees: Class F 1%
Class G 2%
Class C 0.75%
Performance Fee 15%
Liquidity Daily

The NewGen Credit Strategies Fund objective is to maximize absolute returns for unitholders over the typical corporate credit cycle by providing a combination of income and capital gains while minimizing the volatility of returns. The Fund will invest primarily in a concentrated but appropriately diversified portfolio of North American corporate bonds issued by non-investment grade publicly traded corporations and may also invest in other types of credit securities such as term loans, convertible bonds, preferred equity, and common equity securities.

To achieve the Fund’s investment objectives, the Manager will utilize a value-based fundamental credit research process to identify attractive risk adjusted return opportunities in individual investments within a diversified portfolio. The Manager has the belief that a subset of securities within the North American corporate credit universe can from time-to-time be priced inefficiently relatively to their true credit risk. The Manager will attempt to identify and exploit these inefficiencies through active management to generate total investment returns that do not track credit market indices or other high yield mutual funds in the same category.

The Fund will invest primarily in North American corporate credit securities as well as other instruments. This can include, but is not limited to high yield bonds, investment grade corporate bonds, government bonds, term loans, structured products, preferred shares, common shares, exchange traded funds, derivative products and other income generating securities. Approximately 75% of the assets of the mutual fund may be invested in foreign securities.

In accordance with NI-81-102, we are unable to share performance of the NewGen Credit Strategies Fund until January 2024. For more information, please don’t hesitate to reach out to us directly.