Private Credit
MA Specialty Credit Income Fund
Offering investors access to a portfolio primarily consisting of private, directly originated asset-based and alternative credit opportunities
Investment Strategy
The Fund aims to deliver attractive risk-adjusted returns through various business cycles which can complement traditional fixed income portfolios. Structured as a continuously offered closed-end interval fund, SCIF provides daily pricing, liquidity via monthly distributions and quarterly repurchases, and 1099-DIV tax reporting.
MA Asset Management is managed by seasoned investment professionals with a proven track record in private credit, navigating multiple interest rate and credit cycles.1
Fund Performance
Period Returns (% as of 12/31/2024)²
| 1 Month | 3 Month | 6 Month | 1 Year | YTD (Since July 1, 2024) | Since Inception (July 1, 2024) | |
| SCIF Total Return | 0.84 | 2.46 | 5.12 | - | 5.12 | 5.12 |
| IG Bonds (BBG AGG) | -1.64 | -3.06 | 1.98 | - | 1.98 | 1.98 |
| High Yield (BBG HY) | -0.43 | 0.17 | 5.47 | - | 5.47 | 5.47 |
All figures as of 12/31/2024 unless otherwise noted. SCIF return shown is net of all fees and expenses and benchmarks return reflects no deduction for fees, expenses, or taxes. Performance is inclusive of monthly distribution. Past performance is not a guarantee of future returns. Under the Expense Limitation Agreement, the Adviser has contractually agreed to limit the Fund's total annual operating expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses, extraordinary expenses, and certain other expenses) to 2.00% of the average daily net assets. The waiver is in effect until December 31, 2025, unless extended or amended by mutual agreement. The Adviser may recoup previously waived fees or reimbursed expenses within three years, provided that such recoupment does not cause the Fund's expenses to exceed the agreed-upon limits in effect at the time of the waiver or recoupment.ent does not cause the Fund's expenses to exceed the agreed-upon limits in effect at the time of the waiver or recoupment.
Fund Facts
Fund structure
Interval Fund (1940 Act-registered)
Inception date
July 1, 2024
Management fee
0.95%
Performance fee
15% with 6% Hurdle with 50% Catch-up
Expense cap (including management fee)
2%
Minimum investment
$1,000,000 (Fund Level)
Repurchases
Quarterly3
Subscriptions
Daily
Distributions⁴
Monthly
Tax reporting
Form 1099-DIV
NAV frequency
Daily
Resources
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DISCLOSURES
1. There can be no assurance that the Fund will achieve its investment objective.
2. IG Bonds refers to investment-grade bonds, benchmarked against the Bloomberg US Aggregate Index (BBG AGG). High Yield refers to high-yield investments, benchmarked against the Bloomberg US High Yield Index (BBG HY).
3. To provide Shareholders with limited liquidity, the Fund is structured as an “interval fund” and intends to conduct quarterly offers to repurchase between 5% and 25% of its outstanding Shares at NAV, pursuant to Rule 23c-3 under the 1940 Act, unless such offer is suspended or postponed in accordance with regulatory requirements (as discussed below). In connection with any given repurchase offer, it is likely that the Fund may offer to repurchase only the minimum amount of 5% of its outstanding Shares.
4. Monthly distributions primarily consist of net investment income from portfolio assets, such as interest from loans and credit instruments. They may also include realized capital gains from portfolio sales and, in some cases, a return of capital, which reduces shareholders' tax basis. Early-stage distributions may be supported by expense reimbursements from the Adviser, subject to future recoupment. Please refer to the copy of prospectus that is made available to you for a more detailed definition of monthly distribution.
IMPORTANT RISK DISCLOSURES OF MA SPECIALTY CREDIT INCOME FUND (“THE FUND”):
Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. A Prospectus with this and other important information about the Fund may be obtained by visiting this (the Fund’s website) or calling 844-994-4822. Investors should read it carefully before investing. An investment in the Fund is subject to a high degree of risk, including the possible loss of the principal amount invested. Company Act of 1940. Changes in the market value of a single holding may cause a greater fluctuation in the Fund’s net asset value than in a “diversified” fund. The Fund is not intended as a complete investment program but instead as a way to help investors diversify into credit related investments.
Diversification does not ensure a profit or guarantee against a loss. The Fund is a newly organized, non-diversified, closed-end investment management company and it has a limited operating history. The Fund may not achieve its investment objective and the value of an investment in the Fund could decline substantially.
These risks include but are not limited to those outlined below. The Fund should be considered an Illiquid investment and is only appropriate for shareholders who can tolerate a high degree of risk. The Fund is not suitable for investors that require liquidity, other than through the Fund’s repurchase policy. Past performance is not indicative of future results. Credit entails special risks, including interest rate, inflation, prepayment, bankruptcy, default and various other economic risks. Please see the prospectus for all risks related to the Fund.
The Fund does not intend to list its shares on any securities exchange during the offering period, and a secondary market in the shares
The Fund is a “non-diversified” Fund under the Investment is not expected to develop. There is no guarantee that shareholders will be able to sell all of their tendered shares during a quarterly repurchase offer. The Fund is not suitable for investors that require liquidity, other than through the Fund’s repurchase policy. You should not expect to be able to sell your shares other than through the Fund’s repurchase policy, regardless of how the Fund performs.
The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
MA Asset Management, LLC is the Advisor to the MA Specialty Credit Income Fund. MA Specialty Credit Income Fund is distributed by Distribution Services, LLC, Three Canal Plaza, Suite 100, Portland ME, 04101. Distribution Services, LLC and MA Asset Management are unaffiliated.
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For more information, such as requesting fact sheet, or to arrange a discussion, please contact us.
