IRVINE, CA—The Vertical Capital Income Fundreports that it continued to outperform its benchmark during thesecond quarter, with a return of 2.46%, compared with a 2.41%return for the Barclays US Mortgage-Backed SecuritiesIndex. With the fund's maximum 4.5% sales charge, thereturn for the quarter was -2.18%.
Vertical Capital Markets Group created andmanages the fund, which has returned 5.68% year-to-date (.89% minusthe maximum sales charge) with an approximate $0.27 dividend,compared with a return of 4.03% for the MBS index. For the one-yearperiod ending June 30, the fund produced a return of 6.79% (1.95%after the maximum sales charge), compared with a return of 4.66%for the benchmark MBS Index. Since its inception, the fund hasproduced a return of 8.78%, or 6.8% with the sales load, comparedwith a return of 2.05% for the MBS Index. Its SEC annual yield was4.28% as of June 30.
According to Bayard Closser president of VCMG,the fund benefitted from lower interest-ratesensitivity than the benchmark. Performance also benefited frominterest income.
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