Herzfeld Credit Income Fund (HERZ)

The fund’s primary goal is to maximize total return after considering risk, while its secondary objective is to provide investors with a high level of current income. That mandate places emphasis on credit selection, portfolio construction and the balance between yield potential and downside protection. The fund is designed for investors seeking exposure to income-producing debt and related credit investments rather than direct ownership of operating companies.

Herzfeld Credit Income Fund’s performance is influenced by conditions across credit markets, including interest rates, default expectations, liquidity and investor appetite for income assets. Because the fund invests with a credit-income orientation, changes in borrowing costs and the perceived financial strength of issuers can affect both income generation and capital values. Its non-diversified status may increase sensitivity to individual holdings, but it also gives the manager flexibility to concentrate capital where it sees the most attractive risk-adjusted opportunities. The stock represents an investment in the fund’s managed portfolio rather than a conventional corporate operating business.