Old Westbury Credit Income Fund is a multisector bond mutual fund designed to deliver income as its primary objective, with capital appreciation as a secondary aim. The fund provides investors with flexible, global exposure to a wide array of credit-related instruments, investing at least 80% of its net assets in credit instruments and related derivatives. Its portfolio spans various credit qualities, including high-yield ("junk") bonds, and it carries no constraints by benchmark, asset class, or sector. Notably, the fund uses dynamic asset allocation—relying on both fundamental research and proprietary quantitative models—to assess and navigate opportunities and risks across global credit markets. This actively managed fund employs risk management and hedging strategies, utilizing tools such as credit default swaps, total return swaps, interest rate futures, and currency forwards to diversify returns and manage exposures. With a quarterly dividend distribution and a yield that often exceeds that of peers, the fund appeals to those seeking regular income from the credit market. Its unconstrained approach and broad mandate make it a significant offering for investors looking to access the full spectrum of global credit markets and benefit from both the upside and downside risk management inherent in active, flexible credit strategies.
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