Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The investment objective of the Timber Point Alternative Income Fund (the Income Fund or the Fund) is to seek superior risk-adjusted returns by investing in income-oriented securities.
Strategy. Under normal market conditions, the Fund seeks to obtain its investment objective by allocating assets among credit-related instruments such as corporate bonds, municipal bonds, mortgage and asset-backed securities, and floating-rate securities. The Fund is designed to generate more of its income and returns from assets with less yield-curve risk than traditional duration-sensitive bonds. The Fund may invest in debt securities of any maturity and any quality, including below investment grade debt (also known as junk bonds). The Fund is actively traded and, therefore, will have a high portfolio turnover rate. The Fund may also invest in equity securities, including those of private funds, including private funds such as hedge funds and private equity funds, exchange-traded notes (ETNs), ETFs, mutual funds, … Under normal market conditions, the Fund seeks to obtain its investment objective by allocating assets among credit-related instruments such as corporate bonds, municipal bonds, mortgage and asset-backed securities, and floating-rate securities. The Fund is designed to generate more of its income and returns from assets with less yield-curve risk than traditional duration-sensitive bonds. The Fund may invest in debt securities of any maturity and any quality, including below investment grade debt (also known as junk bonds). The Fund is actively traded and, therefore, will have a high portfolio turnover rate. The Fund may also invest in equity securities, including those of private funds, including private funds such as hedge funds and private equity funds, exchange-traded notes (ETNs), ETFs, mutual funds, and publicly traded and non-publicly traded business development companies (BDCs). Investments in illiquid private funds, including illiquid hedge funds and private equity funds, will be limited to no more than 15% of the Funds net assets. The Fund may invest in equity securities of any market capitalization. The Fund may invest without limitation in investments tied economically to any country in the world, including emerging market countries.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| State Street DoubleLine TR Tact ETF | TOTL | $3.18M | 11.84% |
| State Street SPDR Portfolio Aggregate Bond ETF | SPAB | $3.07M | 11.45% |
| MONEY MARKET FUND | GOIXX | $2.80M | 10.41% |
| State Street SPDR Bloomberg Short Term High Yield Bond ETF | SJNK | $2.50M | 9.31% |
| STATE STREET SPDR PORTFOLIO CORPORATE BOND MUTUAL FUND | — | $1.74M | 6.49% |
| Vanguard Short-Term Corporate Bond ETF | — | $1.39M | 5.17% |
| STATE STREET SPDR BLOOMBERG HIGH YIELD BOND MUTUAL FUND | JNK | $1.20M | 4.46% |
| COMMON STOCK | BXSL | $1.18M | 4.41% |
| EXCHANGE-TRADED FUND | — | $1.13M | 4.21% |
| VANGUARD INT HDV | VYMI | $1.13M | 4.21% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Timber Point Global Allocations Fund · CGHAX, CGHIX | 21% | 2.18% |
| State Street Total Return V.I.S. Fund · SSTIX, SSTTX | 18% | 0.67% |
| State Street(R) Global Allocation ETF · GAL | 14% | 0.35% |
Advisers
| Firm | Role |
|---|---|
| Timber Point Capital Management | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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