Montreal-based O’Leary Funds Management LP Friday announced the launch of the O’Leary Tactical Income Fund.

The new fund aims to emphasize income generation throughout the interest rate and credit cycles by investing primarily in fixed debt instruments and senior floating rate loans and other floating rate debt instruments of investment grade and non-investment grade Canadian and global issuers.

“This fund is particularly well-suited to the current environment as many investors are seeking a fixed income solution with attractive income and reduced interest rate risk,” says Connor O’Brien, CEO of O’Leary Funds and president of Stanton Asset Management Inc., the portfolio advisor to the O’Leary family of funds.

“The portfolio includes an allocation to short duration corporate bonds and floating rate securities, which have a history of generating stable income and providing diversification during a period of rising rates,” O’Brien adds.

The fund is available for sale in hedged and unhedged Series A and F, as well as in a hedged Series H.

Income distributions to unitholders will be made monthly using a target fixed distribution rate.