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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Oct 26, 2026
The Bramshill Income Performance Fund posted a year-to-date return of -4.03% net of fees through the third quarter of 2026, compared to -1.10% for the Wilshire Liquid Alternative Relative Value Index and -2.90% for the Bloomberg U.S. Aggregate Bond Index. Since inception in April 2016, the fund has generated an annualized net return of 2.65%. The unlevered tactical portfolio held a 30-day SEC yield of 4.99%, a yield to maturity of 6.62%, and an effective duration of 8.79 years as of September 30, 2026. Asset allocation remained anchored by investment grade corporate bonds at 56.3% and cash and U.S. Treasuries at 20.5%, supplemented by 13.5% in preferred securities, 5.6% in high yield corporates, 3.4% in municipals, and 0.7% in hedges. Bramshill’s macroeconomic approach integrates top-down relative value and interest rate analysis with a strict probability-of-loss framework. The investment team actively manages duration risk and credit spreads, adapting exposures as inflation and monetary policy dictate. In rising interest rate periods, the strategy emphasizes structural rotations away from long-duration fixed-for-life securities and into fixed-to-reset, floating-coupon, and short-duration investment-grade paper to minimize capital drawdowns. Portfolio positioning remains concentrated in high-credit-quality instruments, adhering to a mandate where at least 60% of holdings maintain investment-grade ratings. Top holdings include U.S. Treasuries across long maturities (6.10% in the 1 5/8% of 2050 and 6.00% in the 1 3/8% of 2050), alongside the SPDR Short Term Corporate Bond ETF at 5.10%, Wells Fargo corporate bonds at 3.10%, and BP perpetual preferred securities at 2.70%.
Maximizing risk-adjusted total return in US fixed income by combining an analytical risk-reward pricing model with disciplined bottom-up credit selection, flexible duration management, and compounding income.
The strategy aims to dynamically rotate duration and credit exposures across fixed income asset classes while employing structured and floating securities to safeguard capital against interest rate and equity volatility.
Neutral / Balanced
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