Fortress Long/Short Credit FundPrint

The investment objective of the Fortress Long / Short Credit Fund (the “Fund”) is to seek consistent positive returns throughout the various fixed income market cycles.

  • The Fund seeks positive returns regardless of fixed income market environment by using absolute return credit-based strategies, implemented without benchmark orientation while seeking to minimize interest rate duration exposure.
  • Under normal market conditions, the Fund invests (long or short) at least 80% of its assets in fixed income securities. The Fund defines fixed income securities to include: (i) bills, (ii) notes, (iii) debentures, (iv) bonds, (v) mortgage-backed securities ("MBS"), (vi) asset-backed securities ("ABS"), (vii) convertible securities and (viii) other evidences of indebtedness.
  • The Fund invests without restriction as to issuer capitalization, credit quality (including in lower-rated fixed income securities known as high yield or junk bonds) or country and without restriction as to a security's maturity, currency or structural features, such as an issuer's right to prepay. The Fund uses fixed income options, financial futures, options on futures and swaps for hedging purposes and as substitutes for traditional securities. The Fund may use futures on U.S. Treasury securities to hedge interest rate risk as well as credit default swaps on security indices to hedge credit risk. The Fund also may use foreign currency forward contracts to hedge foreign currency exchange rate risk.
  • The Fund is considered to be "non-diversified" which means that it may invest in fewer securities than a "diversified" fund.
Share Classes:
I-Class; Adviser Class; C-Class; R-Class
Tickers:
LPLIX; LPLAX; LPLCX; LPLRX
Investment Adviser:
Logan Circle Partners L.P.
Portfolio Manager:

Andrew J. Kronschnabel, CFA
Distributor:
Northern Lights Distributors, LLC
Transfer Agent:
Gemini Fund Services, LLC
Custodian:
MUFG Union Bank, N.A.
Minimum Investment:
I-Class - $1 million; Adviser Class - $2,500; C-Class - $2,500; R-Class - $100,000