Bramshill Multi-Strategy Income Instl
BDKNX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Milwaukee, DE 53233 Milwaukee DE United States of America 53233
- IPO Date
- Dec 31, 2015
- CIK
- 0001318342
- Similar Companies
- Business
- Bramshill Multi-Strategy Income Fund Institutional Class (BDKNX) is an open-end mutual fund that seeks total return with an emphasis on current income through a multi-sector bond strategy focused primarily on securitized products. The fund invests in a diversified portfolio of asset-backed securities, including non-agency residential mortgage-backed securities (RMBS) such as STACR and FARM trusts; asset-backed securities (ABS) like Chase Auto Owner Trust and USB Auto Owner Trust; agency mortgage-backed securities; commercial mortgage-backed securities; and collateralized loan obligations (CLOs), with additional allocations to cash equivalents and other fixed income opportunities for low correlation to traditional bonds and interest rates. It offers three share classes -- Class A (BDKAX), Class C (BDKCX), and Institutional Class (BDKNX) -- with monthly distributions, a minimum investment of $1 million for the institutional shares, and a net expense ratio of 1.30% after fee waivers. Liberty Street Advisors, Inc. serves as the investment manager, with Bramshill Investments, LLC acting as sub-advisor since December 1, 2022, following the fund's renaming from Braddock Multi-Strategy Income Fund after replacing the prior sub-advisor Braddock Financial LLC. Bramshill Investments, founded in 2012 and headquartered in New York with additional offices in Newport Beach, California, manages over $6.7 billion in assets across fixed income strategies emphasizing structured credit and absolute return approaches; the firm is wholly owned by Ironmen Holdings, LLC. The fund, domiciled in the United States and available to U.S. investors, targets financial advisors and institutional clients seeking income-producing, research-intensive fixed income exposure with a Morningstar Multisector Bond category classification. Recent developments include a strategic shift in the principal investment strategy effective April 30, 2023, broadening beyond a primary focus on RMBS to encompass a wider range of securitized products and other fixed income securities while maintaining the same investment objective; an advisor fee reduction from 1.25% to 0.95% effective April 1, 2025; and the fund's receipt of the 2024 HFM US Performance Award for Best 40 Act Fund, recognizing its securitized products team's management of approximately $1 billion in related strategies as of October 2024. Top holdings as of September 30, 2025, feature non-agency RMBS at around 50% of the portfolio, ABS at 22%, and agency MBS at 20%, underscoring its emphasis on undervalued, asset-backed opportunities evaluated through macro analysis, loan attributes, and time horizon assessments.