Fund Overview
The Timber Point Alternative Income Strategy is a fixed income diversification approach designed to complement traditional bond portfolios by diversifying away from interest rate risk, as the primary source of return.
The Timber Point Alternative Income Fund (AIIFX) offers the same philosophy, approach, and process at the Timber Point Alternative Income Strategy SMA within a 1940 Act Vehicle.
Actively managed portfolio of income oriented securities including traditional domestic fixed income, high yield, emerging market debt, bank loans, dividend oriented equities and other income generating securities
Higher total return targets versus traditional fixed income, with similar volatility and risk characteristics achieved from active management, diversification and hedges
Utilize the resources of the firm’s macro asset allocation team to further hedge and mitigate meaningful drawdown risk
Accessible via SMA and Mutual Fund
“Volatility within bonds and other income investments has sharply increased. Investors will require an opportunistic strategy within portfolios to diversify risk and take advantage of opportunities..”
David Cleary, CFA – Timber Point Capital Management, Founder & CIO
Strategy
Overview and track record of the TPCM Alternative Income Strategy.
Morningstar Page
TPCM Alternative Income Fund (AIIFX) on public Morningstar page.
Fact Sheet
Most recent returns, key statistics, exposures and holdings related data.
Fund Information
| I Share | |
| Ticker Symbol | AIIFX |
| CUSIP Number | 885572461 |
| Minimum Investment | $1,000 |
| I Share | |
| Management Fees | 0.80% |
| Distribution and/or Service (12b-1) Fees | 0.00% |
| Other Expenses | 1.50% |
| Acquired Fund Fees and Expenses 1 | 0.27% |
| Total Annual Fund Operating Expenses 2 | 2.60% |
| Fee Waivers | (0.60%) |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements 3 | 2.00% |
1 This number represents the combined total fees and operating expenses of the underlying funds (e.g., investment companies and other pooled investment vehicles) owned by the Fund and is not a direct expense incurred by the Fund or deducted from the Fund’s assets. Since the number does not represent a direct operating expense of the Fund, the operating expenses set forth in the Fund’s financial highlights do not include this figure.
2 Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses or the Expense Limitation Agreement described below. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.
3 Pursuant to an operating expense limitation agreement between Timber Point and the Fund, the Adviser has agreed to waive or reduce its fees and to assume other expenses of the Fund, if necessary, in an amount that limits “Total Annual Fund Operating Expenses” (exclusive of interest, expenses incurred under a plan of distribution adopted pursuant to Rule 12b-1 under the 1940 Act, taxes, acquired fund fees and expenses, brokerage commissions, dividend expenses on short sales and other expenditures which are capitalized in accordance with generally accepted accounting principles and other extraordinary expenses not incurred in the ordinary course of such Fund’s business) to not more than 1.70% of the average daily net assets of each share class of the Fund through January 31, 2022. This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees. Each waiver or reimbursement of an expense by the Adviser is subject to repayment by the Fund within three years from the date of the waiver or reimbursement, provided that the Fund is able to make the repayment without exceeding the expense limitation in place at the time of the waiver or reimbursement and at the time of the recoupment.
For existing investors in the Fund with questions about your specific account, please phone Shareholder Services at (877) 244-6235.
1Q 2024 Market Outlook
Following a terrible 2022, investors began the year exhausted, and sentiment hit rock bottom levels. The financial media continued to point out the debilitating effects of high inflation and tightening monetary policy. Not only were early 2023 calls for a recession widespread, the calls were for an imminent, destructive economic downturn where both bonds and stocks would continue their fall from 2022. Yet as we now clearly know, those recession calls were patently wrong as the US economy and markets proved (again) to be quite resilient.