Alphacentric Bond Rotation Fund
Alphacentric Bond Rotation Fund will pursue “long-term capital appreciation and total return through various economic or interest rate environments.” They’ll rotate through two to four global bond ETFs based on their judgment of the relative strengths of various bond sectors. The fund will be managed by Gordon Nelson, Chief Investment Strategist, and Tyler Vanderbeek, both of Keystone Wealth Advisors. The expense ratio will be 1.39% and the minimum initial investment for the no-load “I” class shares is $2,500, reduced to $100 for accounts set up with an automatic investing plan.
Alphacentric Enhanced Yield Fund
Alphacentric Enhanced Yield Fund will seek current income by investing in asset-backed fixed income securities. While it expects to invest over 25% in residential mortgage-backed securities, it can also pursue “securities backed by credit card receivables, automobiles, aircraft, [and] student loans.” It might also invest in Treasuries or hedge the portfolio by shorting. The fund will be managed by a team from Garrison Point Capital, led by Tom Miner. Expenses are 1.74%. The minimum investment for the no-load “I” class shares is $2,500, reduced to $100 for accounts set up with an automatic investing plan.
AMG Trilogy Emerging Wealth Equity Fund
AMG Trilogy Emerging Wealth Equity Fund will seek long-term capital appreciation by investing in firms whose earnings are driven by their exposure to emerging markets. That might include firms domiciled in developed countries, as well as emerging ones. They can invest in both equities and derivatives and they anticipate building an all-cap portfolio of 60-100 securities. The fund will be managed by a team from Trilogy Global Advisors. The initial expense ratio is 1.45% after waivers and the minimum investment will be $2,000.
Columbia Multi-Asset Income Fund
Columbia Multi-Asset Income Fund will primarily seek high current income and secondarily, total return. They can invest in pretty much anything that generates income, there’s no set asset allocation and the portfolio doesn’t exactly explain what they’re looking for in an investment. If you have reason to trust Jeffrey Knight, the lead manager, and Toby Nangle, go for it! The expenses are not yet set. The minimum investment for “A” shares will be $2,000. Though the “A” shares carry a load, most Columbia funds are no-load/NTF at Schwab and, likely, other supermarkets.
DoubleLine Strategic Commodity Fund
DoubleLine Strategic Commodity Fund will seek long-term total return by having (leveraged) long exposure to commodity indexes with selective long or short exposure to individual commodities, indexes or ETFs. Then, too, it might turn market neutral. The disclosure of potential risks runs to 13 pages, single-spaced. It will be managed by Jeffrey J. Sherman of DoubleLine Commodity Advisors. Expenses are not yet set. The minimum investment is $2,000.
Frontier MFG Global Plus Fund
Frontier MFG Global Plus Fund will pursue capital appreciation by investing in 20-40 high-quality companies purchased at attractive prices, both in the US and elsewhere. There will be a macro-level risk overlay. The fund will be managed by Hamish Douglass, of the Australian firm Magellan Asset Management. Mr. Douglass has managed a perfectly respectable global fund for Frontier since 2011. The expense ratio for “Y” shares will be 1.20% and the minimum investment will be $1,000.
Sit Small Cap Dividend Growth Fund
Sit Small Cap Dividend Growth Fund mostly seeks income that’s greater than its benchmarks (the Russell 2000) and that is growing; it’s willing to accept some capital appreciation if that comes along, too. The Russell 2000 currently yields 1.29%. The plan, not surprisingly given the name, is to invest in “dividend paying growth-oriented companies [the manager] believes exhibit the potential for growth and growing dividend payments.” The portfolio will be mostly domestic. The lead manager will be Roger Sit. Expenses for the “S” class will be 1.50% and the minimum initial investment will be $5,000.
Vanguard Tax-Exempt Bond Index Fund
Vanguard Tax-Exempt Bond Index Fund will track the Standard & Poor’s National AMT-Free Municipal Bond Index. Adam Ferguson will manage the fund. The expense ratio will be 0.20% and the minimum investment will be $3,000. The Admiral share class will drop expenses to 0.12% with a $10,000 minimum.
Virtus Long/Short Equity Fund
Virtus Long/Short Equity Fund will seek total return by investing, long and short, in various sorts of equities including MLPs and REITs. The fund will be managed by John F. Brennan, Managing Director at, and cofounder of, Sirios Capital Management. The minimum initial investment will be $2,500. The expense ratio has not yet been announced. Though the “A” shares carry a load, most Virtus funds are no-load/NTF at Schwab and, likely, other supermarkets.
