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Northern Light’s BTS Hedged Income Fund to liquidate April 27
By Toni Weeks
San Luis Obispo, Calif., March 27 – The board of trustees of the BTS Hedged Income Fund announced that the fund will cease operations on April 27, according to a 497 filing with the Securities and Exchange Commission. The fund is a series of Northern Lights Fund Trust.
The fund seeks to generate current income with capital preservation as a secondary objective by investing in fixed-income securities, derivatives based on fixed-income securities, other investment companies that invest primarily in fixed-income securities and preferred stocks.
The fund’s adviser, Lexington, Mass.-based BTS Asset Management, Inc., seeks to achieve the fund’s investment objective by allocating the investment portfolio primarily between high-yield bond securities, income-producing securities, inverse high-yield bond securities and inverse U.S. Government bond securities.
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