NICHX Commentary


The Fund (NICHX) returned +2.67% in the fourth quarter of 2019, outperforming investment grade bonds and performing in line with high yield corporate debt and hedge fund indices.  For the...


Q319 Commentary The Fund (NICHX) returned +2.97% in the third quarter of 2019, outperforming investment grade bonds, high yield corporate debt and hedge fund indices.  Over the trailing year ending September...


Q219 Commentary The Fund (NICHX) returned +2.97% in the second quarter of 2019, outperforming high yield corporate debt and hedge fund indices but underperforming investment grade bonds by a small margin. ...


The Fund (NICHX) returned +3.07% in the first quarter of 2019, outperforming investment grade bond and hedge fund indices, but underperforming high yield corporate debt.  Over the trailing year, the Fund was up...


The Fund (NICHX) returned +2.27% in the fourth quarter of 2018, outperforming investment grade bond, high yield and hedge fund indices.  For the full year 2018, the Fund was up...


The Fund returned +1.76% in the third quarter of 2018, bringing year-to-date performance up to +4.88%.  This performance compares favorably to fixed income and hedge fund indices over the same...