GOFOX
Pursuit Asset-Based Income Fund
Seeks to deliver high current income through asset-based investments in niche markets
$10.00
Net Asset Value (NAV)
The per share value of the fund, found by subtracting the fund's liabilities from its assets and dividing by the number of shares outstanding
11.48%
YTD Returns
Returns are net total returns. Between October 2024 and September 2025, performance is quoted for the Pursuit Alternative Income Fund LP, the predecessor private fund that converted into the interval fund. The predecessor fund was not registered under the Investment Company Act of 1940 Act nor subject to certain investment limitations, diversification requirements and other restrictions imposed by the Act, which, if applicable, may have adversely affected the performance result.
13.58%
Total Return Since Inception
Inception date is October 11, 2024. Returns are net total returns. Between October 2024 and September 2025, performance is quoted for the Pursuit Alternative Income Fund LP, the predecessor private fund that converted into the interval fund. The predecessor fund was not registered under the Investment Company Act of 1940 Act nor subject to certain investment limitations, diversification requirements and other restrictions imposed by the Act, which, if applicable, may have adversely affected the performance result.
14.15%
Weighted Average Gross APR
Gross APR is calculated by using the weighted average of portfolio commitments. It is calculated net of commissions, placement fees and underlying manager fees, but before fund fees and expenses, and does not include any platform/MFN rebates or cash yield from interim interest payments. This does not represent a yield amount investors should expect to receive.
Asset types
Overview
Objectives & Strategy
Objective
High current income
Strategy
Niche asset-based lending
Structure
Interval fund
Unique Access
Targets undercapitalized assets that are not broadly financed by institutional investors
Attractive Income Potential
Seeks consistent cash flows by prioritizing assets that self-amortize over 3-36 months
Low Correlation
Invests in idiosyncratic private debt strategies
Risk Management
Robust risk controls, asset-based collateral and highly structured investments can help to mitigate losses
Potential Niche Premium
Inefficient markets with limited competition may offer return premiums
Asset-Based Approach
Repayment comes from cash flows generated by an asset, which serves as direct collateral
Performance
Net Returns Since Inception
As of 09/30/2025
- Important Disclosures
Past performance is not indicative of future results. Performance data represents past returns and future returns may be higher or lower. The value of the Fund’s shares will fluctuate, and upon redemption an investor’s shares may be worth more or less than the original cost. Total returns include reinvestment of distributions and are net of the Fund’s net expenses. The Fund’s investment program is speculative and entails substantial risks. Investors could lose some or all of their investment. Please see the Investment Considerations below.
Inception date is October 11, 2024. Returns are net total returns. Simultaneous with the Fund’s Commencement of Operations on 10/01/2025, Pursuit Alternative Income Fund, LP (the “Predecessor Fund”) reorganized with and into the Fund. Performance for periods prior to this date reflect that of the predecessor Fund. The Predecessor Fund maintained an investment objective, strategies and investment policies, guidelines and restrictions that are, in all material respects, equivalent to those of the Fund and at the time of the reorganization, the Fund and the Predecessor Fund shared the same investment adviser and portfolio managers. The performance returns of the Predecessor Fund are unaudited and are calculated by the Adviser on a net total return basis using cumulative monthly realized net income divided by total contributed capital for each month. Future results may be different from historical performance. The predecessor fund was not registered under the Investment Company Act of 1940 Act nor subject to certain investment limitations, diversification requirements and other restrictions imposed by the Act, which, if applicable, may have adversely affected the performance result. Results are unaudited.
“Leveraged Loans” & “SPBDAL” refer to the Morningstar LSTA Leveraged Loan Index, which represents the investable universe of USD-denominated, full-funded, broadly syndicated, term loan facilities. “High Yield Bonds” & “BBG HY” refer to the Bloomberg Barclays U.S. High Yield Index, which measures the U.S. dollar-denominated, high yield, fixed-rate corporate bond market. “Treasuries” & “UST” refer to ProShares Ultra 7-10 Year Treasury, an investable index designed to measure the performance of U.S. dollar denominated sovereign debt publicly issued by the U.S. government. “IG Bonds” & “IG” refer to the Principal Investment Grade Corporate Active ETF, which is a broad-based investable index that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market.
Please note: The referenced indices are shown for general market comparisons. Unless otherwise indicated, investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or transaction costs. Reference indices are provided for illustrative purposes only. There are no known published benchmarks or indices comparable to the investment strategies of the Fund.
Monthly Net Returns
As of 09/30/2025
- Important Disclosures
Past performance is not indicative of future results. Performance data represents past returns and future returns may be higher or lower. The value of the Fund’s shares will fluctuate, and upon redemption an investor’s shares may be worth more or less than the original cost. Total returns include reinvestment of distributions and are net of the Fund’s net expenses. The Fund’s investment program is speculative and entails substantial risks. Investors could lose some or all of their investment. Please see the Investment Considerations below.
Returns are net total returns. Simultaneous with the Fund’s Commencement of Operations on 10/01/2025, Pursuit Alternative Income Fund, LP (the “Predecessor Fund”) reorganized with and into the Fund. Performance for periods prior to this date reflect that of the predecessor Fund. The Predecessor Fund maintained an investment objective, strategies and investment policies, guidelines and restrictions that are, in all material respects, equivalent to those of the Fund and at the time of the reorganization, the Fund and the Predecessor Fund shared the same investment adviser and portfolio managers. The performance returns of the Predecessor Fund are unaudited and are calculated by the Adviser on a net total return basis using cumulative monthly realized net income divided by total contributed capital for each month. Future results may be different from historical performance. The predecessor fund was not registered under the Investment Company Act of 1940 Act nor subject to certain investment limitations, diversification requirements and other restrictions imposed by the Act, which, if applicable, may have adversely affected the performance result. Results are unaudited.
Portfolio
Key Portfolio Differentiators
As of 09/30/2025
Sectors
As of 09/30/2025
- Important Disclosures
Allocations are shown as a percentage of gross assets. This analysis looks through any fund holding to the underlying asset. Allocation percentages will change over time and may not be representative of future allocations. The Fund may stop allocating to the sectors consistent with the Fund’s prospectus without notice.
Asset classes shown are the primary areas of investment for the Fund, as described in the “Investment Objective and Strategies” section of the prospectus. Each of the Underlying Funds has its own investment risks, and those risks can affect the value of the Underlying Fund shares and therefore the value of the Fund investments.
Top Holdings
As of 09/30/2025
Key Facts
- Share Class
- Ticker / CUSIP
- Structure
- Minimum Investment
- Investor Eligibility
- Fund Assets
- Fund Launch
- NAV Frequency
- Subscriptions
- Distributions
- Tax Reporting
- Liquidity
- Important Disclosures
As a RIC, the Fund must distribute an amount equal to at least 90% of its taxable investment income, annually. There is no assurance a change in market conditions or other factors will not result in a change in future distributions.
Distributions are not guaranteed and may differ from the Distribution Rate figure. Based on current estimates, it is expected that amounts distributed to investors would include a return of capital.
Quarterly repurchases of investor capital subject to limitation of 5% of Fund shares. If the value of the shares tendered for repurchase exceeds the value the Fund intended to repurchase, the Fund may determine to repurchase less than the full number of shares tendered. In such event, shareholders will have their shares repurchased on a pro rata basis, and tendering shareholders will not have all of their tendered shares repurchased by the Fund.
Materials
Regulatory Documents
Client Forms
How to Invest
Financial advisors and institutional investors can purchase fund shares on a daily basis using the ticker symbol GOFOX. Please contact us if you are interested in investing.
Risks
Before investing you should carefully consider the investment objectives, risks, charges, and expenses of the Pursuit Asset-Based Income Fund (the “Fund”). This and other information is in the prospectus, a copy of which which can be found on this website or obtained from the Fund at (888) 723-1542. An investor should read the prospectus carefully before investing.
Summary of Risk Factors
Pursuit Asset-Based Income Fund (“GOFOX”) is a closed-end management investment company structured as an “interval fund” that expects to invest at least 80% of its net assets (plus any borrowings for investment purposes) in specialized investments in smaller, undercapitalized assets and markets, referred to as “Niche Asset-Based Alternatives.” This investment involves a high degree of risk and should be considered speculative. You should purchase these securities only if you can afford the complete loss of your investment. You should read the prospectus carefully for a description of the risks associated with an investment in GOFOX. These risks include, but are not limited to, the following:
- The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private credit investments.
- The Fund is a “nondiversified” management investment company registered under the Investment Company Act of 1940. Since the Fund is non-diversified, it is subject to higher reduction of capital and volatility than a fund more proportionately allocated among a large number of securities.
- An investment in the Fund involves risk. The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful.
- The Fund may use leverage its investments by “borrowing.” The use of leverage increases both risk of loss and profit potential.
- Shares of the Fund are an illiquid investment. Shares are not listed on any securities exchange and it is not anticipated that a secondary market for shares will develop.
- Shares are appropriate only for those investors who can tolerate a high degree of risk, and do not require a liquid investment. You should generally not expect to be able to sell your Shares (other than through the limited repurchase process), regardless of how we perform. Although we are required to and have implemented a Share repurchase program, only a limited number of Shares will be eligible for repurchase by us.
- There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer. Because you will be unable to sell your Shares or have them repurchased immediately, you will find it difficult to reduce your exposure on a timely basis during a market downturn.
- The Fund intends to invest in private companies and private loans for which very little public information exists. Such companies are also generally more vulnerable to economic downturns and may experience substantial variations in operating results. The privately held companies and below-investment-grade securities in which the Fund will invest may be difficult to value and are illiquid. The Fund’s investment in private credit companies is speculative and involves a high degree of risk, including the risk associated with leverage.
- Asset-backed securities often involve risks that are different from or more acute than risks associated with other types of debt instruments. For instance, asset-backed securities may be particularly sensitive to changes in prevailing interest rates. In addition, the underlying assets are subject to prepayments that shorten the securities’ weighted average maturity and may lower their return.
-
To the extent a loan is secured, there can be no assurance as to the amount of any funds that may be realized from recovering and liquidating any collateral or the timing of such recovery and liquidation and hence there is no assurance that sufficient funds (or, possibly, any funds) will be available to offset any payment defaults that occur under the loans.
The Fund has an interval fund structure pursuant to which the Fund, subject to applicable law, conducts quarterly repurchase offers for no less than 5% of the Fund’s Shares outstanding at NAV. While the quarterly repurchase offer is expected to be 5%, the amount of each quarterly repurchase offer may be 5% to 25% subject to approval of the Board of Trustees (the “Board” and each of the trustees on the Board, a “Trustee”). It is also possible that a repurchase offer may be oversubscribed, with the result that shareholders may only be able to have a portion of their Shares repurchased. There is no assurance that you will be able to tender your Shares when or in the amount that you desire.
All data as of 09/30/2025, unless otherwise noted.
Pursuit Fund Advisers, LLC (“Pursuit Funds”) serves as the investment adviser to the Pursuit Asset-Backed Income Fund. The Fund is distributed by Distribution Services, LLC which is not affiliated with Pursuit Funds or any of their affiliates.