Avenue Credit Strategies Institutional

The investment seeks total return, primarily from capital appreciation, fees and interest income.
The fund opportunistically invests in a combination of high yield bonds, senior secured bank loans and distressed debt instruments. It will primarily utilize a fundamental based investment research process that will seek to capitalize on market inefficiencies and reallocate its portfolio to opportunistically emphasize those investments, categories of investments and geographic exposures believed to be best suited to the current investment and interest rate environment and market outlook. The fund is non-diversified.

Key stats

Management firm  Avenue Capital Group
Domicile  United States
Fund Administrator  State Street Bank & Trust Co
Global Branding Name  Avenue Capital
12 month yield  3.82%
Fund currency  USD
Launch Date  2012-06-01
ISIN  US05358F3010
SEDOL  B833LK8
Manager 1 Name  Jeffrey Gary
Fund Strategy  High Yield Bond
Benchmark  Barclays US Corporate High Yield TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-07-31
Return - 1 Month  -1.09%
Return - 2 Months  0.00 %
Return - 3 Months  1.19%
Return - 6 Months  4.85 %
Return - 9 months  7.66 %
Return - 12 Months  9.37%
Annualized return 24 months  14.32 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  14.63%
Return YTD  5.59%

Charges

Initial  0.00 %
Minimum Investment  $1,000,000
Maximum Managment Charge  1.00 %
Exit charge  2.00 %
Performance Fee  0.00 %

Contact

Contact Address  535 Madison Avenue
Contact city  New York
Contact country  United States
Fund Admin Group  Avenue Capital Group
Web Address  www.avenuecapital.com/
Custodian  State Street Bank & Trust Co
Phone  212-878-3544

Price

Last Price Date  2014-08-21
Pre-tax nav  11.81
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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