1WS Credit Income Fund Due Diligence
Portfolio Investment Opportunities
The Fund plans to have a mix of investments across multiple collateral profiles and capital structures. The portfolio flexibility is not constrained by having to track any specific benchmark or index in constructing its investment portfolio. 1WS Credit Income Fund is an actively managed closed-end interval fund with disciplined top down risk management. Investment opportunities are typically expected to fall into three categories:
Fundamental Credit
- Emphasis on high conviction long credit opportunities leveraging deep experience in underwriting complex fundamentals with potential to capture liquidity premium if available
- Premium on top down portfolio construction and portfolio risk management
Idiosyncratic/Event
- Long positions in securities with identifiable underlying catalysts for positive asset re-pricing such as structural or cash flow changes, call optionality
- Broad mix of fundamental exposures
Loan Opportunities
- Long investments in first lien and subordinate positions (mezzanine) in residential and consumer loan portfolios and commercial real estate
- Capture “liquidity premium” when available
Fund Structure
Fund Facts
| Name | 1WS Credit Income Fund |
| Ticker | Class I: OWSCX Class A-2: OWSAX |
| Targeted Income Frequency | Quarterly |
| Capital Gain Frequency | Annually |
| Redemption Windows | Quarterly |
| Tax Reporting | 1099-DIV |
| Sales Charge | Varies by dealer, please refer to the prospectus. |
| Distribution/Shareholder Servicing Fees | Varies by dealer, please refer to the prospectus. |
| Distributor | ALPS Distributors, Inc. |
Quarterly Liquidity For Shareholders
The Fund is a continuously offered, closed-end interval fund. The Fund’s Board of Trustees authorized a Share Repurchase Plan+ that offers to repurchase shares at Net Asset Value (“NAV”) quarterly, subject to terms & conditions.
Repurchase Offer Months
| Jan | Feb | Mar |
| Apr | May | Jun |
| Jul | Aug | Sep |
| Oct | Nov | Dec |
The Fund currently expects to make quarterly repurchase offers of 5% of the Fund’s shares out- standing. The Fund will make quarterly repurchase offers in March, June, September and December.
The strategy is offered in a closed-end interval fund. The team believes this structure better aligns with the liquidity profile of the opportunities they will invest in.