**Fixed Income Fund Performance Review**
As of June 30, 2024, the MoMo Productions fund has delivered a 1-year return of 4.41%, outperforming its benchmark, the Bloomberg U.S. Aggregate Bond Index. Over the 5-year period, the fund has returned 1.14%, and since its inception in 2011, it has generated a return of 3.79%.
The fund’s expense ratio is 0.71%, with a gross expense ratio of 0.62% and an adjusted expense ratio of 0.46%. The institutional share class has a net expense ratio of 0.62%, while the A class has a net expense ratio of 0.91%.
The fund’s performance is attributed to its strategic allocation of assets, including high-yield bonds, asset-backed securities, and collateralized loan obligations. The fund’s manager has also employed various strategies, such as carry trades and duration management, to navigate the complex fixed-income market.
However, investors should be aware of the risks associated with fixed-income investments, including interest rate risk, credit risk, and liquidity risk. The fund’s use of leverage and derivatives may also increase its volatility and risk profile.
Investors seeking to invest in the MoMo Productions fund should carefully review the prospectus and consider their individual financial goals, risk tolerance, and time horizon before making a decision. It is also essential to consult with a financial advisor to determine the suitability of the fund for their specific situation.
**Key Risks and Considerations**
* Interest rate risk: The value of fixed-income securities may decline when interest rates rise.
* Credit risk: The fund may invest in below-investment-grade securities, which are at a higher risk of default.
* Liquidity risk: The fund may invest in illiquid securities, which can be difficult to sell or trade.
* Leverage risk: The fund’s use of leverage may increase its volatility and risk profile.
* Derivatives risk: The fund’s use of derivatives may expose it to additional risks, including counterparty risk and valuation risk.
**Index Definition**
The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities.
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