CLS Flexible Income Fund Class N (CLFLX)
CLS Flexible Income Fund Class N operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Omaha, NE, US. The stock last traded at $10.14, up 0.00% on the session, giving a market capitalisation of $89.9M. Its beta of 0.67 implies it has historically moved less than the broad market.
Under normal market conditions, this fund primarily gains its exposure to fixed income securities through investments in other collective investment schemes. These include exchange-traded funds (ETFs), open-ended mutual funds, and closed-end funds. A substantial portion of its assets is allocated to underlying funds that predominantly hold investment-grade debt instruments. The fund is not constrained by specific limits on the average duration of these underlying holdings, allowing for flexibility in managing interest rate sensitivity. However, it reserves the right to commit up to 33% of its total assets to underlying funds that specialize in higher-yielding, lower-quality debt securities. Additionally, the fund may invest up to 33% of its total assets in underlying funds that hold a mix of debt and equity securities from non-U.S. issuers.
CLS Flexible Income Fund Class N is most often compared with the following Financial Services names: