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About ACCELERATE DIVERSIFIED CREDIT INCOM UNITS CAD
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Inception date
May 15, 2024
Structure
Canadian Mutual Fund Trust (ON)
The actively managed fund aims for income by taking long positions to North American securities that contain direct loans to private corporations, collateralized loans and mortgages, and other debt instruments. For CLO investments, the fund prioritizes BDCs and closed-end funds that hold floating-rate loans. The fund expects to have near-full exposure to long positions in the debt securities of private entities listed on Canadian or US exchanges or marketplaces. The fund may also hold other additional securities or funds, such as private credit secondary funds, broadly syndicated loans, or direct loans to corporations. Security selection of the long portfolio takes into account market value, liquidity, NAV discount/premium, yield, structure, and the issuers strategy of covering underwriting policies, capabilities and historical outcomes. The fund may lend securities of up to 20% of the funds NAV.
Classification
What's in the fund
Exposure type
Finance
Stocks94.52%
Finance87.65%
Miscellaneous6.87%
Bonds, Cash & Other5.48%
Mutual fund5.48%
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