ASA Allocation Fixed Income

Internacional US

Investment Objective

Provide total return through income generation and capital appreciation over the medium to long term by investing in a globally diversified portfolio of fixed income and credit-related investments.

Key Fund Information

Fiduciary Structure: Delaware Multi-Series Limited Partnership vehicle

Investment Manager: ASA Asset Management LLC

Fund Launch: March 2026

Benchmark:

100% S&P U.S. Treasury Bond 3-5 Year Total Return

Base Currency: USD

NAV Calculation Frequency: Monthly

Liquidity Terms:

Subscription: Monthly
Redemption: Quarterly
Notice: 100 Days
Investor Level Gate: 25%
Lock Up: 12 Months

Investment Strategy

The Fund implements a global multi-sector fixed income strategy, investing through third-party funds — including ETFs, mutual funds, and other collective investment vehicles — to obtain diversified exposure across credit sectors, regions, and currencies.

The portfolio focuses primarily on U.S. dollar–denominated debt securities, while retaining flexibility to invest in local currency instruments, including those issued by emerging market sovereigns and corporates.

Allocations may also include direct investments in bonds, credit instruments, derivatives, and selective exposure to liquid and semi-liquid alternative credit strategies and are actively adjusted in response to evolving market and economic conditions.

Portfolio Role

ASA Fixed Income is designed to serve as an Asset Class Building Block, providing diversified exposure to global fixed income and credit markets within a portfolio construction framework.

The strategy seeks to capture income generation and relative value opportunities across credit sectors, regions, and currencies, while contributing diversification and income stability to broader multi-asset portfolios.

Over investment horizons of five years or longer, diversified exposure across fixed income risk premia aims to reduce return dispersion and increase the probability of generating stable income.