Alternative Credit Income Fund Class C is a closed-end interval fund specializing in a diversified portfolio of public and private credit investments. Its primary objective is to provide current income and capital preservation by investing in high-yield bonds, loans, and other credit instruments. The fund is structured under the Investment Company Act of 1940, offering quarterly liquidity through repurchase offers of at least 5% of outstanding shares per quarter, but shares are not traded on a secondary market, limiting liquidity between those intervals. Diversification is a core attribute, with exposure to various sectors and credit products, including both traditional and alternative credit markets, which helps manage volatility and seek low to moderate correlation with broader equity markets. The fund’s floating-rate investments offer some rate protection, appealing to investors seeking to manage interest-rate risk in their income portfolios. Managed by Sierra Crest Investment Management, the fund leverages institutional credit strategies and provides access to professional management, with relatively low minimum investment thresholds for both regular and retirement accounts. Its role in the financial market is to deliver yield and diversification benefits to investors aiming to enhance the defensive positioning of their fixed-income allocations, especially during later business cycle phases.
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