The Multi-Strategy Growth & Income Fund Celebrates Two Year Anniversary, All-Time High Net Asset Value, and Largest Distribution Since Inception
San Diego, CA (PRWEB) May 29, 2014 -- Today, the Multi-Strategy Growth & Income Fund (NASDAQ:MSFDX, the “Fund”) announced several major, recent accomplishments:
1) Two Year Anniversary: As of February 28, 2014, the Fund completed its second fiscal year and had net assets under management equal to $129,314,925. The Fund has distributed a total of $738,402 in its first fiscal year and $4,845,048 in its second fiscal year.
2) All-Time High Net Asset Value (NAV): On April 28, 2014, the Fund's NAV reached an all-time high of $16.85.
3) Performance (as of March 31, 2014):
Two Year Trailing: The Fund has delivered a 9.27% total return (6.23% net of sales load of 5.5%). Compare that to a 17.84% return from the S&P 500 Index[1] and a 1.82% return from the Barclays Aggregate Bond Index[2] for that same timeframe.
One-Year Trailing: The Fund has delivered a 9.25% total return (3.25% net of sales load of 5.5%). Compare that to a 21.86% return from the S&P 500 Index[1] and a -0.10% return from the Barclays Aggregate Bond Index[2] for that same timeframe.
Since Inception: The Fund has delivered a 9.07% total return (6.10% net of sales load of 5.5%) since its inception on March 16, 2012. Compare that to a 17.66% return from the S&P 500 Index[1] 1.95% return from the Barclays Aggregate Bond Index[2].
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so shares may be worth more or less than their original cost when redeemed. Past performance is no guarantee of future results. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until June 30, 2014, to ensure that the net annual fund operating expenses will not exceed 1.75%, subject to possible recoupment from the Fund in future years. Without these waivers, the Fund’s total annual operating expenses would be 3.30%. Please review the Fund’s prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call (855) 601-3841 or visit our website, http://www.growthandincomefund.com.
4) Largest Distribution Since Inception: On March 30, 2014, the Fund had a monthly distribution of $0.0713, its largest since inception. This also represents the fourteenth consecutive distribution by the Fund.
5) Updated Assets Under Management: As of April 30, 2014, the Fund has total assets of $144,295,388
Ray Lucia Jr., the portfolio manager of the Multi-Strategy Growth & Income Fund, commented on this, stating, "We are extremely pleased with the performance of the Fund as we celebrate our two-year anniversary. Past performance is no guarantee of future results, but the Fund’s investment strategy continues to be validated through the performance of the Fund, the strength and past consistency of monthly distributions, the all-time high NAV, and recent liquidity events with several of the underlying holdings. In addition, the demand seems to support the fact that the common investor is searching for a product that provides income, is not correlated to the exposure and volatility of the broad equity markets, and has the ability to outperform the broad bond market.”
About the Multi-Strategy Growth & Income Fund
The Multi-Strategy Growth & Income Fund is registered as a continuously offered, closed-end interval fund that offers quarterly redemptions of up to 5% of shares outstanding. It allows investors diversification in several potentially income-producing alternative strategies at a low minimum investment while providing limited liquidity.
The Fund seeks a multi-strategy approach to investing by diversifying assets across various alternative investments, including real estate investment trusts (REITs), equity income investments, business development companies (BDCs), and structured notes, with the overall goal of providing a consistent quarterly distribution. However, there is no assurance that the Fund will achieve its objectives, generate profits, or avoid losses.
The Fund gives investors access to alternative income strategies that may provide greater yields and growth opportunities than traditional investment strategies. The primary objective of the Fund is current income generation. The secondary objective of the Fund is to achieve long-term growth.
The Fund intends to make a dividend distribution to its shareholders each quarter of the net investment income of the Fund after payment of the Fund’s operating expenses.
To learn more about the Multi-Strategy Growth & Income Fund, contact Zach Forman at (800) 644-1150 ext. 1510 or visit http://www.growthandincomefund.com.
There is no assurance that the Fund will achieve its investment objective.
The Fund’s distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in the Fund’s distribution rate at a future time. The Fund's distribution amounts were calculated based on the ordinary income received from the underlying investments, including short-term capital gains realized from the disposition of such investments. A portion of the distributions consist of a return of capital based on the character of the distributions received from the underlying holdings, primarily real estate investment trusts.
Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers of up to 5% of the shares outstanding at net asset value. Volatility is a statistical measure of the dispersion of returns for a given security or market index. Commonly, the higher the volatility, the riskier the security. Volatility is unpredictable, and as a result the investments listed above are subject to market fluctuations and risks.
Closed-end funds involve risk, including the possible loss of principal. Alternative investment funds, ETFs, mutual funds, and closed-end funds are subject to management and other expenses, which will be indirectly paid by the Fund. Issuers of debt securities may not make scheduled interest and principal payments, resulting in losses to the Fund. Typically, a rise in interest rates causes a decline in the value of fixed-income securities. Lower-quality debt securities, known as “high-yield” or “junk” bonds, present greater risk than bonds of higher quality, including increased default risk and non-diversification risk as the funds are more vulnerable to events affecting a single issuer. The use of leverage, such as borrowing money to purchase securities, will cause the Fund to incur additional expenses and will magnify the Fund’s gains or losses. There currently is no secondary market for the Fund’s shares, and the Fund expects that no secondary market will develop. Very limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers. Investments in lesser-known, small- and medium-capitalization companies may be more vulnerable than those in larger, more established organizations. The Fund will not invest in real estate directly, but, because the Fund will concentrate its investments in securities of REITs, its portfolio will be significantly impacted by the performance of the real estate market. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund’s NAV. The value of a structured note will be influenced by time to maturity; type of note; market volatility; changes in the issuer’s credit quality rating; and economic, legal, political, or geographic events that affect the reference index.
[1] S&P 500: An index of 500 stocks chosen for market size, liquidity, and industry grouping (among other factors). It is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large-cap universe.
[2]Barclays Aggregate Bond Index: An index commonly used as a benchmark by both passive and active investors to measure portfolio performance relative to the U.S. dollar-denominated investment-grade fixed-rate taxable bond market. It is also an informational measure of broad market returns commonly applied to fixed-income instruments.
Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses, or sales charges.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Multi-Strategy Growth & Income Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (855) 601-3841 or visiting growthandincomefund.com. The prospectus should be read carefully before investing. The Multi-Strategy Growth & Income Fund is distributed by Northern Lights Distributors, LLC, member FINRA. RJL Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 2092-NLD-5/20/2014
Todd Dombrowski, RJL Capital Management, LLC, http://www.growthandincomefund.com, (800) 644-1150, [email protected]
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