Elara Fixed Income Fund The Elara Fixed Income Fund, incorporated in Bermuda, aims to generate optimal returns by investing in corporate and government debt, bonds, and other fixedincome instruments on a leveraged basis. Ideal for investors seeking to diversify portfolio risk while receiving a steady income flow without exposing themselves to substantial market and credit risk, the fund offers stability and growth potential. Managed by Elara Asset Management Ltd and administered by Apex Fund Services (Bermuda) Limited, the Elara Fixed Income Fund presents a robust investment opportunity with a focus on delivering consistent performance.

Fund Description The Elara Fixed Income Fund employs an opportunistic strategy, unbound by specific emerging market debt indices. With broad flexibility to invest across geographies, sectors, and different emerging market segments, the fund aims to provide maximum total return while reducing volatility and drawdowns. Notably, the fund mitigates currency risk for non-USD investments. As of January 31, 2024, the fund’s Net Asset Value (NAV) increased by 4.76% to USD 2188.63.

Investor Benefits

• Stable Return Profile: The fund’s strategy aims to deliver a stable return profile, minimizing the need for investors to make market timing decisions.
• Diverse Opportunities: Investors benefit from the fund’s discretion to navigate the full spectrum of emerging markets fixed income opportunities, eliminating the burden of asset allocation choices within the asset class.
• Enhanced Portfolio Returns: The fund’s relatively higher Sharpe Ratio allows for larger allocations to emerging markets, potentially boosting overall realized portfolio returns.

Risk and Reward Profile

• Credit and Default Risk: Fluctuations in the financial health of fixed-income issuers may impact bond values.
• Currency Risk: Changes in exchange rates may affect investment values.
• Liquidity Risk: Certain securities may become hard to sell under difficult market conditions.
• Interest Rate Risk: Interest rate changes typically affect bond prices inversely

Fund Advantages

• Proven Track Record: The fund boasts a long track record of outperformance across credit cycles.
• Disciplined Investment Process: With a disciplined approach, the fund maintains a robust investment process.
• Flexible Allocation: Opportunities across developed and emerging markets, as well as investment-grade and high-yield segments, are explored with flexibility.
• Dynamic Portfolio Management: Active monitoring and trading ensure dynamic portfolio management.
• Dedicated Execution Traders: A team of dedicated execution traders ensures optimal execution and maintains relationships with market intermediaries