FUND DESCRIPTION

The TwinRock Value Opportunity Fund is a credit investment fund focused on the debt obligations of corporate borrowers. The fund invests in bonds and loans of corporate issuers in the high grade and non-investment grade rating categories. The fund seeks to deliver steady income and in appropriate market conditions capital appreciation by holding securities with substantial yields which are remote from default. The fund employs leverage to enhance return and may invest in equities and derivatives at the fund manager’s discretion. The fund does not compete with a benchmark; the fund seeks absolute returns which exceed long-term equity averages, with the substantially lower risk and volatility that is associated with higher quality bonds.

Cumulative Performance

Top 5 Holdings

wdt_ID Issuer CUSIP Portfolio Weighting Price Security
1 Amazon 19011C00750000 16.86% $457.76 $750.0 C 01/18/2019
2 Amazon 190118C00940000 -11.01% $298.79 10.50% DUE 04/01/2024
3 Western Digital 9547KAB99 8.71% $116.47 10.50% DUE 04/01/2024
4 Liberty Media 530715AD3 8.38% $110.50 8.50% DUE 07/15/2029
5 HCA 4404121AG0 7.92% $107.00 5.87% DUE 05/01/2023