River Canyon Total Return Bond Fund Receives 2022 Refinitiv Lipper Fund Award
March 15, 2022
RCTIX named best-in-class in Multi-Sector Income Fund category for the 5-year time period ended 11/30/21 among 80- funds
LOS ANGELES – March 15, 2022 – Canyon Partners (“Canyon”), a global alternative asset manager, is pleased to announced that the River Canyon Total Return Bond Fund (ticker: RCTIX) (“the Fund”), has received a 2022 Refinitiv Lipper Fund Award in the Multi-Sector Income Fund category for the 5-year time period. The awards recognize funds that have demonstrated resilience and superior performance across various market environments.
The acknowledgement follows a year of substantial growth for RCTIX. The Fund recently surpassed $1 billion in assets under management in Dec. 2021 and has consistently outperformed its benchmark, the Bloomberg US Aggregate Index, and its fund category. RCTIX’s total return credit strategy invests across the full spectrum of the $13 trillion structured credit universe and the broader fixed income market, exposing investors to a sector that has historically low correlation to traditional asset classes.
“This recognition by Refinitiv Lipper is reflective of RCTIX’s track record of strong absolute and risk-adjusted returns across a variety of macroeconomic environments,” said George Jikovski, Senior Portfolio Manager and Head of Structured Products at Canyon Partners. “Fixed income strategies are being challenged by increasing rates, higher volatility and the prospect of a long Fed tightening cycle. The fund has maintained positive returns year-to-date and seeks to capitalize on the potentially large opportunity set that may be unfolding.”
The Refinitiv Lipper Awards honor funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. The merit of the winners is based on objective, quantitative criteria, evaluating risk-adjusted performance over a three-, five- and 10-year period.
About River Canyon Fund Management
In 2013, Canyon Partners established River Canyon Fund Management as an investment advisor for its more liquid credit strategies. With an emphasis on structured credit, River Canyon’s mandates include the River Canyon Total Return Bond Fund as well as bespoke separately managed accounts designed to fit investor objectives. These strategies bring to bear the full resources of the Canyon platform, including the experienced credit research, trading, legal, compliance, and operations teams.
For more information visit: https://www.rivercanyonfunds.com.
Standardized Fund Performance: https://www.rivercanyonfunds.com/total-return-bond/
About Canyon Partners, LLC
Founded and partner owned since 1990, Canyon employs a deep value, credit intensive approach across its investment platform. Canyon specializes in value-oriented special situation investments for endowments, foundations, pension funds, sovereign wealth funds, family offices and other institutional investors. The firm invests across a broad range of asset classes, including distressed loans, corporate bonds, convertible bonds, securitized assets, direct investments, real estate, arbitrage, and event-oriented equities.
For more information visit: www.canyonpartners.com.
About Refinitive Lipper
With a track record of over 50 years of independent content, Refinitiv Lipper was the first to develop fund classifications that place funds in their respective peer group. Refinitiv Lipper is the go-to resource for fund performance research, providing premium data, fund ratings, analytical tools and global commentary through specialised product offerings.
Contact
Morgan McGinnis
Pro-Canyon@prosek.com
Past performance does not guarantee future results.
Investment Risks
It is important to note that the fund is not guaranteed by the U.S. Government. Fixed income investments involve interest rate risk, issuer credit risk and risk of default, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise, and investors participating in such Funds can suffer a partial or total loss of their principal. The fund invests in asset backed and mortgaged backed securities which may be more volatile than other fixed income securities and influenced by the housing markets or markets from which the collateral is drawn. For a more complete list of fund risks, please see the Prospectus.
The River Canyon Total Return Bond Fund is offered only by prospectus. The prospectus contains important information, including investment objectives, risks, advisory fees and expenses. Please read the Prospectus carefully before investing or sending money. For a current Prospectus please call 800-245-0371.
The Lipper Fund Awards recognized River Canyon Total Return Bond, Institutional for the 5-year performance period out of 80 funds under the Multi-Sector Income Funds Classification
The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
Lipper Fund Awards from Refinitiv, © 2022 Refinitiv. All rights reserved.
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