Medalist Partners MBS Total Return Fund Wins 2024 LSEG Lipper Fund Award
NEW YORK, March 14, 2024--(BUSINESS WIRE)--Medalist Partners, an investment management firm that specializes in structured credit and asset-based private credit, has been recognized for strong, risk-adjusted performance with a 2024 Refinitiv Lipper Fund Award. The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
Medalist Partners MBS Total Return Fund (SEMMX) won the award for the three-year period in the U.S. Mortgage Fund Category, following its outperformance of 123 fund share classes and 37 portfolios in the category. The fund focuses on low correlation to core fixed income while targeting current yield, low interest rate sensitivity and seeking to limit downside volatility through investments primarily in mortgage backed securities. The fund aims to provide individual investors with access to a niche segment of the structured credit market typically limited to institutional investors.
Greg Richter, CEO of Medalist, said: "It is an honor for our strategies to be recognized for strong performance following a challenging environment in fixed income markets. We appreciate the clients who made these awards possible by trusting us to deliver strong risk-adjusted returns over the years."
Robert Jenkins, Global Head of Research, Investment & Wealth LSEG Lipper, commented "The 2024 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, a war, skyrocketing inflation and dramatic central bank intervention. We applaud the 2024 LSEG Lipper Fund Award winners such as Medalist Partners for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global market disruptions."
SEMMX returned +12.74% for the full-year ended December 31, 2023, ranking in the 4th percentile among 308 Nontraditional Bond funds based on total returns according to Morningstar1. This top decile performance reflects Medalist’s success in executing its liquid alternatives strategies in the asset backed securities market, setting the stage for continued expected growth in 2024.
"With elevated yields, discounted bond prices and strong underlying credit fundamentals in the residential housing market, we believe our mutual funds are well positioned to continue delivering strong risk adjusted returns for investors," said Michael Ardisson, President of Medalist Partners. "We believe that structured credit currently offers some of the best value we have seen in decades."
Available on multiple platforms, including Fidelity and Schwab, Medalist’s daily liquidity mutual funds offer investors access to residential mortgage backed securities, commercial mortgage backed securities, and asset backed securities.
Performance data quoted represents past performance; past performance does not guarantee future results.
About Medalist Partners
Medalist Partners is an alternative investment management firm specializing in asset-based private credit and structured credit. Medalist’s clients include a broad range of institutional and high net worth investors. Headquartered in New York, Medalist is led by partners Greg Richter, Michael Ardisson and John Slonieski. Having previously led Credit Suisse’s global specialty finance and securitization business, the team has extensive experience in asset finance, structured products, securitization, investment banking, and credit underwriting. For more information, visit www.medalistpartnersfunds.com.
Fund Performance as of 12/31/23 | 1 Year | 5 Years | 10 Years | Gross Operating Expenses |
SEMMX | 12.74% | 0.37% | 2.84% | 0.87% |
Periods longer than 1 year are annualized. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 855-736-7799. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced.
1 Morningstar Rankings represent a fund's total return percentile rank relative to all funds in the same Morningstar Category for the same time period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. Past performance does not guarantee future results. Rankings shown for Institutional shares only: rankings for other share classes may differ.
The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com.
Please read and consider the Prospectus carefully before investing. The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. This and other important information about the Funds are contained in the Prospectus which can be obtained by calling 855-736-7799 or visiting www.medalistpartnersfunds.com.
Mutual fund investing involves risk. Principal loss is possible. SEMMX and SEMIX invest in debt securities: As interest rates rise, the value of debt securities decrease; whereas prepayment risk tends to occur during periods of declining interest rates. This risk is usually greater for longer-term debt securities. Investments in Mortgage-Backed and Asset Backed Securities include additional risks that investors should be aware of such as credit risk, interest rate risk, prepayment risk, real estate market risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Many of the risks of investing in commercial mortgage-backed securities reflect the risks of investing in the real estate securing the underlying mortgage loans.
The Medalist Partners Funds are distributed by Quasar Distributors, LLC
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Contacts
Medalist Partners Investor Relations
info@medalistpartners.com
+1 212 493 4477
