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The primary objective of the Semper Short Duration Fund (the "Fund") is to provide a high level of current income that is consistent with preservation of capital.
The Fund invests primarily in investment-grade, U.S. dollar-denominated debt instruments of domestic entities. This includes U.S. Treasuries, Agencies, Mortgage-Backed, Asset-Backed, and other short duration securities that Semper deems as high quality. Semper has managed separate accounts for institutional investors with a substantially similar investment strategy since 1993.
Purchase & Sale of Shares:
Shares may be bought or sold on any day the NYSE is open. All transactions are processed at the Fund's next net asset value (NAV), which is calculated at 4 pm ET each business day. Sale proceeds will normally be wired on the following business day.
|Institutional Class (SEMIX):||$1,000,000|
|Investor Class (SEMRX):||$2,500|
Minimums may be lower on Broker Dealer Platforms.
As of 12/31/19 the Semper Short Duration Fund received a 5-Star Overall Morningstar Rating™ among 161 Ultrashort Bond Funds and a 5-Star Morningstar Rating™ for both the 3 and 5 year periods among 161 and 127 Ultrashort Bond Funds, respectively.
Duration: Measure of a bond or bond portfolio's sensitivity to changes in interest rates. Generally, the longer the duration, the greater the price change relative to interest rate movements.