# CLS Flexible Income Fund Class N (CLFLX): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Bond
- Strategy: Actively Managed · Inception: 2019-01-02

Under normal market conditions, this fund primarily gains its exposure to fixed income securities through investments in other collective investment schemes. These include exchange-traded funds (ETFs), open-ended mutual funds, and closed-end funds. A substantial portion of its assets is allocated to underlying funds that predominantly hold investment-grade debt instruments. The fund is not constrained by specific limits on the average duration of these underlying holdings, allowing for flexibility in managing interest rate sensitivity. However, it reserves the right to commit up to 33% of i...

## Key Facts

| Metric | Value |
|---|---|
| Price | $10.14 |
| Expense Ratio | — |
| Assets Under Management | $89.9M |
| NAV | $10.14 |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $10.14 – $10.75 |
| Beta | 0.67 |

## Latest Distribution

- Amount: $0.0810 /share
- Ex-date: 2021-12-23
- Pay date: —

## Frequently Asked Questions

### What does CLFLX invest in?

Under normal market conditions, this fund primarily gains its exposure to fixed income securities through investments in other collective investment schemes. These include exchange-traded funds (ETFs), open-ended mutual funds, and closed-end funds. A substantial portion of its assets is allocated to underlying funds that predominantly hold investment-grade debt instruments. The fund is not constrained by specific limits on the average duration of these underlying holdings, allowing for flexibility in managing interest rate sensitivity. However, it reserves the right to commit up to 33% of its total assets to underlying funds that specialize in higher-yielding, lower-quality debt securities. Additionally, the fund may invest up to 33% of its total assets in underlying funds that hold a mix of debt and equity securities from non-U.S. issuers.

### What is the expense ratio of CLFLX?

An expense ratio for CLS Flexible Income Fund Class N (CLFLX) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

### What is the duration of CLFLX?

Effective duration measures CLFLX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CLFLX's current duration is published on the fund's factsheet on the issuer's website.

### What is the credit quality of CLFLX?

CLFLX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

### What is the yield to maturity of CLFLX?

Yield to maturity (YTM) is the total return you'd earn from CLFLX if every bond in the portfolio is held to maturity at the current price. CLFLX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

### How big is CLFLX?

CLS Flexible Income Fund Class N (CLFLX) manages $89.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Does CLFLX pay a dividend?

CLS Flexible Income Fund Class N (CLFLX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does CLFLX pay dividends?

CLS Flexible Income Fund Class N pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is CLFLX's dividend yield?

CLFLX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is CLFLX's next ex-dividend date?

The most recently announced ex-dividend date for CLFLX was 2021-12-23. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### Why is CLFLX's expense ratio not shown?

Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for CLS Flexible Income Fund Class N (CLFLX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number.

### How does CLFLX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from CLFLX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/clflx
- Distribution history: https://www.dividenddata.com/funds/clflx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/clflx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/clflx/expenses
- Peer comparison: https://www.dividenddata.com/funds/clflx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.