Leveraged

High-Yield Fund

Fund Investment Objectives

LHYF is a Multi-Strategy Fixed Income fund, with half its assets dedicated to long-only fixed-income securities, and the other half dedicated to Closed-End bond funds listed on the NYSE. Fully leveraged, LHYF provides its clients with well-diversified exposure to fixed-income markets. The Fund invests in U.S. high-yield corporate bonds and in bond funds listed on the New York Stock Exchange. Its two-part strategy focuses on higher-yielding bonds with a positive outlook and on well-diversified bond funds managed by prominent financial institutions that have delivered consistent high returns over short- and long-term time periods.