The Floating Rate Strategies Fund (Institutional Class) returned -0.49 percent in Q1 2026 compared to the S&P UBS Leveraged Loan Index return of -0.47% for the period.
The fund saw generally strong selection in bank loans for the period, and positioning was the largest driver of positive relative performance.
Credit selection was highlighted during the quarter as the market looks to differentiate between winners and losers in the AI efficiency race.
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Performance Review
The Floating Rate Strategies Fund (Institutional Class) returned -0.49 percent in the first quarter of 2026 compared to the S&P UBS Leveraged Loan Index return of -0.47 percent for the period.
