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Welcome to Resource Credit Income Fund

This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the prospectus. This sales and advertising literature must be read with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which it relates. A copy of the prospectus must be made available to you in connection with this offering. If you have not previously reviewed a prospectus, you may download a copy via the button below.

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Fund Performance

Through active, in-house management, the Fund seeks to take advantage of market dislocation to generate total returns based on diligent asset selection.

View Share Class:
A: RCIAX/76121C107
There is no guarantee that the Fund will achieve its objectives, generate profits, or avoid losses.

Performance

Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance information is reported net of the Fund’s fees and expense. Current performance may be higher or lower than the performance data quoted above. For performance information current to the most recent month-end, please call toll-free (866) 773-4120.

 

Performance for periods less than one year is not annualized.

 

Inception date of the Class A, Class C, Class W, and Class I is April 17, 2015. The inception date for Class L is July 28, 2017.

 

Maximum Offering Price (MOP) includes the Fund’s maximum sales charge of 5.75% for Class A.

 

Class A gross expenses are 6.25% and net expenses are 3.94%. Net fees are based on a contractual fee waiver and reimbursement agreement of 17.01% through at least January, 31 2019. The Fund is subject to an incentive fee that is paid in any calendar quarter in which the Fund’s pre-incentive fee net investment income (“investment income”) exceeds 2.25%, equal to 100% of investment income less than or equal to 2.8125% and 20% of investment income, if any, that exceeds 2.8125%. Performance does not reflect the deduction of all fees. If fees were deducted, performance would be lower.

Historical NAV

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* Represents the percentage increase/decrease in the net asset value from the prior trading day.

Distribution History

Record Date: date the distribution amount is declared. Ex Date/Pay Date: date the distribution is paid to investors.

 

Target annualized distribution is measured at the Fund level and is not equal to actual returns for an investor. As portfolio and market conditions change, future distributions will vary and target annualized distribution may not be obtained in the future. Distributions are not guaranteed, and include a return of capital. This may result in less of a shareholder’s assets being invested in the Fund and, over time, increase the Fund’s expense ratio. Any invested capital that is returned to the shareholder will be reduced by the Fund’s fees and expenses, as well as the applicable sales load.

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Past performance does not guarantee future results. Distributions are not guaranteed.

 

Although the fund will offer to repurchase at least 5% of outstanding shares on a quarterly basis in accordance with the Fund’s repurchase policy, the fund will not be required to repurchase shares at a shareholder’s option nor will shares be exchangeable for units, interests, or shares of any security.

 

An Interval Fund is a continuously offered, closed-end fund that periodically offers to repurchase its shares from shareholders. This feature allows the Fund greater opportunities to invest in less liquid assets, which may result in higher risk-adjusted returns. The Fund is classified as “non-diversified” under the 1940 Act. As a result, it can invest a greater portion of its assets in obligations of a single issuer than a “diversified” fund. The Fund may therefore be more susceptible than a diversified fund to being adversely affected by any single corporate, economic, political or regulatory occurrence. Through the interval structure, the Fund offers a Liquidity Feature of quarterly redemptions at NAV of no less than 5 percent of the shares outstanding made available, redeeming more frequently than other real estate and private equity investments. Regardless of how the Fund performs, there is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer.

 

Public Credit is a category of investments that generally refers to publicly traded investment funds of fixed-income and fixed-income related securities managed by unaffiliated institutional asset managers, which are intended to provide moderate volatility and low to moderate correlation to the equity markets. BDCs are an important component of this category, which may also include fixed income mutual funds, closed-end funds, ETFs, and Index Funds.

 

Direct Credit is a category of investments that generally refers to corporate credit that include secured loans and bonds, and structured credit products that include securities backed by a pool of loans and fixed income instruments.

 

Private Credit is a category of investments that generally refers to a diversified portfolio of private investment funds that principally manage portfolios of fixed-income and fixed-income related securities primarily for institutional investors such as pension funds, insurance companies or family offices.

 

Senior loans hold the most senior position in the capital structure of a Borrower. Substantial increases in interest rates may cause an increase in loan defaults as borrowers may lack resources to meet higher debt service requirements. The value of the Fund’s assets may also be affected by other uncertainties such as economic developments affecting the market for senior secured term loans or affecting borrowers generally. Moreover, the security for the Fund’s investments in secured debt may not be recognized for a variety of reasons, including the failure to make required filings by lenders, trustees or other responsible parties and, as a result, the Fund may not have priority over other creditors as anticipated.

 

Unsecured loans (and secured subordinated loans), including second and lower lien loans, have a lower place in the borrower’s capital structure and possible unsecured or partially secured status, such loans involve a higher degree of overall risk than senior loans of the same borrower.

 

CLOs and other structured products, consisting of CBOs, CLOs and credit-linked notes may bear risks of the underlying investments, index or reference obligation and are subject to counterparty risk. Certain structured products may be thinly traded or have a limited trading market.

 

Private Investment Fund shareholders will bear two layers of fees and expenses: asset-based fees and expenses at the Fund level, and asset-based fees, which may include incentive allocations or fees and expenses at the Private Investment Fund level. The valuation provided by an asset manager as of a specific date may vary from the actual sale price that may be obtained if such investment were sold to a third party. In addition to valuation risk, shareholders of Private Investment Funds are not entitled to the protections of the Investment Company Act of 1940.

 

Private Investment Funds and Public investment Funds in which the Fund invests will use derivatives (consisting of forwards, options, repurchase agreements, futures, warrants, and swaps) to enhance returns or hedge against market declines, and the Fund may also invest in options of Public Investment Funds to hedge against market declines.

 

Debt securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of debt securities. Credit risk and interest rate risk increase substantially with high yield debt instruments.

 

High-yield bonds are high paying bonds with lower credit ratings than investment-grade corporate bonds, Treasury bonds and municipal bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.

 

Interest rates of bonds may rise, resulting in the market value of a bond to decline. There is no assurance that a significant change in market interest rates will not have a material adverse effect on its net investment income.

 

Duration is always equal to or less than the years to maturity of the bond. The longer the duration of a particular bond, the more its price will fluctuate in response to interest rate changes.

 

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call (866) 773-4120 or download the file from www.ResourceAlts.com. Read the prospectus carefully before you invest.

 

The Fund is distributed by ALPS Distributors, Inc. Resource Alternative Advisor, LLC (the Fund’s adviser), its affiliates, and ALPS Distributors, Inc. are not affiliated.

 

Investing involves risk. Investment return and principal value of an investment will fluctuate, and an investor’s shares, when redeemed, may be worth more or less than their original cost. Alternative investment funds, ETFs, interval funds, and closed-end funds are subject to management and other expenses, which will be indirectly paid by the Fund. Debt instruments are subject to credit risk and interest rate risk and may be subordinated to more senior debt instruments. BDCs often use leverage to enhance returns and are subject to interest rate risk, credit risk, and liquidity risk. CLOs are debt instruments but also carry additional risks related to the complexity and leverage inherent in the CLO structure. The use of leverage, such as borrowing money to purchase securities, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses.

 

There currently is no secondary market for the Fund’s shares and the Fund expects that no secondary market will develop. Shares of the Fund will not be listed on any securities exchange, which makes them inherently illiquid. An investment in the Fund’s shares is not suitable for investors who cannot tolerate risk of loss or who require liquidity, other than the liquidity provided through the Fund’s repurchase policy. Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers, regardless of how the Fund performs. The Fund’s distributions policy may, under certain circumstances, have certain adverse consequences to the Fund and its shareholders because it may result in a return of capital, resulting in less of a shareholder’s assets being invested in the Fund, and, over time, increase the Fund’s expense ratio. Any invested capital that is returned to the shareholder will be reduced by the Fund’s fees and expenses, as well as the applicable sales load. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. The sales of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund’s NAV.

Resource is the marketing name for Resource Real Estate, LLC, Resource Alternative Advisor, LLC, and their affiliates. Resource may distribute certain products through Resource Securities LLC, a wholly owned broker/dealer, Member FINRA/SIPC

All statements and information other than statements of historical fact included on this website regarding strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. When used on this website, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. You should not place undue influence on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make on this website are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved because of the number of risks and uncertainties, many of which are beyond our control, including but not limited to uncertainties concerning the properties being operated and sold or refinanced, leverage and meeting debt service obligations, operating properties in different locations throughout the U.S., general, market or business conditions and changes in laws or regulations. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf. To check the background of Resource Securities LLC or any registered individual, please go to FINRA’s BrokerCheck.