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Cutler Fixed Income Fund

In today’s fixed income markets, it is difficult to profit by making broad, index based bets on factors such as duration or credit. The boutique nature of our firm helps us to find off the radar opportunities in niche areas of the bond market where idiosyncratic returns still exist.

Our Process

We seek to add Alpha primarily through individual security selection and sector positioning, particularly those sectors which are underrepresented in the Barclays Aggregate Index.  As a secondary goal, we strive to provide a below average risk profile versus our peer group by investing in a broadly diversified basket of high quality bonds and maintaining a duration neutral profile relative to the benchmark.

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Key Facts

STATS
Benchmark Barclays U.S. Intermediate Govt./Credit Bond Index
# of Positions 57
Portfolio Mgr. Industry Experience 37 Years
Fund Inception 12/31/1987
Ticker Symbol CALFX

As of 2016-08-31


Credit Quality

As of 2016-08-31

Top Sectors

PORTFOLIO WEIGHTING %
Securitized 70.01
Government 23.50
Cash & Equivalents 4.75
Corporate 1.74
Municipal 0.00

As of 2016-08-31


Source of Information: Morningstar, Inc.  The percentages are inclusive of cash and cash equivalents. 
 
The Cutler Mutual Funds are actively managed.  Holdings and weightings are subject to change at any time without notice. This data is provided for informational purposes only and should not be considered a recommendation or solicitation to purchase any Cutler Mutual Fund. This information provided should not be used as the sole basis to make any investment decision. The data have been obtained from sources believed to be reliable, but the accuracy and completeness of this information cannot be guaranteed.  Credit ratings derived from Standard & Poor's (S&P).  These ratings represent the opinions of their respective organizations as to the quality of the securities they rate.  S&P ratings range from AAA (extremely strong capacity to meet its financial commitment) to D (in default).  Unrated securities do not necessarily indicate low quality.  Ratings are relative and are not absolute standards of quality.  
 
The Fixed Income Fund invest in bonds, which can lose their value. Credit risk (the risk that the borrower will fail to make timely payments of interest and/or principal) is heightened for lower rated or higher yielding fixed-income securities and lower rated borrowers. In addition, lower-rated debt securities may be subject to greater price volatility. The credit quality of a particular security or group of securities does not ensure the stability of safety of the overall portfolio. The value of most bond funds and fixed income securities are impacted by changes in interest rates. Bond and bond funds with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rate rise.
 
Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.
 
Investing in any mutual fund involves risk, including the risk that you may lose all or part of your investment
 
For comparison purposes, this fund is measured against the Barclays U.S. Intermediate Government/Credit Bond Index.  The Index is composed of U.S. dollar-denominated government, government-related, and investment-grade U.S. corporate bonds with remaining maturities between one and ten years.  You cannot invest directly in an index.
 
Investors should carefully consider the investment objectives, risk, and expenses of the Cutler Funds. This and other important information is contained in each Fund's summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any of the Cutler Funds, please call 1-888-288-5374. Read the prospectus carefully before you invest. The investment return and principal value of an investment in the Fund will fluctuate so that shares on any given day or when redeemed, may be worth more or less than their original cost.
 
The Cutler Equity Fund is distributed by Ultimus Fund Distributors, LLC.

Your Team

We take great pride in the experience, education, and background of our team. We continue to build upon this great foundation, growing our team’s expertise and investment experience. Our strength is our diversity of thought and our ability to form consensus using these different points of view.

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Contact Us

info@cutler.com