About DPFNX
Deer Park Total Return Credit Fund – Class I is an open-end mutual fund focused on generating income and total return from securitized credit. According to its stated objective, the fund seeks income and capital appreciation by investing primarily in asset‑backed debt securities, predominantly those backed by residential and other real estate mortgages, including legacy non‑agency mortgage-backed securities and related collateralized structures. The strategy emphasizes discounted, high-yielding mortgage-backed and asset-backed credit, drawing on specialized analysis of loan pools, deal structures, and servicer behavior. Positioned within the high yield bond category, the fund’s portfolio is largely securitized credit exposures rather than traditional corporate high yield bonds, reflecting a niche role in the market for complex structured products. Class I shares are designed for institutional investors, featuring a higher minimum initial investment and institutional pricing. By concentrating on seasoned mortgage credit and other ABS, the fund serves investors seeking diversified exposure to U.S. securitized markets and the potential for cash flows tied to housing and consumer credit cycles, while relying on active security selection, structural analysis, and risk management across tranches and vintages.
Fund Family Deer Park
Category High Yield Bond
Performance Rating Low
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol DPFNX
Share Class Class I
Index Bloomberg U.S. Aggregate Bond TR
DPFNX had a total return of 4.30% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.31%.
