SOFR

SOF aims to mirror the returns of SOFR, a primary overnight borrowing benchmark, by mainly investing in repurchase agreements with institutions deemed to be creditworthy. In repos, the fund procures predetermined collateral investments, including cash or high-quality investment instruments such as U.S. government securities, money market funds, or corporate debt securities that are rated investment-grade. Additionally, SOF may engage in Over-The-Counter swap agreements and acquire short-term notes in certain circumstances. Samsung Asset Management, the Sub-adviser, plays a critical role in selecting these investments. However, the overall investment strategy and decision-making are overseen by the primary adviser of the fund. The fund's goal is to generate monthly income through a proactive investment management approach, providing investors with indirect exposure to the secure and liquid treasury-backed repo market.