SOURCE: Strategic Income Management, LLC

Strategic Income Management, LLC

June 21, 2011 08:00 ET

Strategic Income Management Announces New Asset Allocation Mutual Fund Lineup

Former Principal Financial/WM Advisor Fund Managers Launch New Mutual Funds

SEATTLE, WA--(Marketwire - Jun 21, 2011) - Strategic Income Management ("SiM") today announced the launch of three new asset allocation mutual funds (the "Funds"). The Funds are the latest additions to SiM's product lineup which also includes asset allocation UIT's sponsored by First Trust, a high yield bond fund that SiM sub advises for American Beacon Advisors, Inc., and separately managed asset allocation accounts.

The Funds, SiM Dynamic Allocation Diversified Income Fund (SDDAX), SiM Dynamic Allocation Balanced Income Fund (SDBAX), and SiM Dynamic Allocation Equity Income Fund (SDEAX), are funds of funds that will invest primarily in ETFs. The Funds will provide investors and their financial advisers with an array of asset allocation models which can be used to build core holdings for a broad spectrum of investors.

Although each of the Funds will have varying degrees of exposure to equities and fixed income, all of the Funds will have a value driven, income bias. The Diversified Income Fund is a conservative strategy focusing on the generation of current income. The Balanced Income Fund is a moderate strategy balancing equities and income producing securities, while the Equity Income Fund will be the most aggressive strategy in the lineup, emphasizing equities.

SiM was founded in 2010 by Randy Yoakum and Gary Pokrzywinski. Mr. Yoakum is the former Managing Director, Senior Portfolio Manager - Asset Allocation at Principal Financial/Edge Asset Management (formerly WM Advisors), and Mr. Pokrzywinski is the former Managing Director Fixed Income - Senior Portfolio Manager and Chief Investment Officer for Principal Financial/Edge. Randy and Gary are joined at SiM by senior members of their research teams from Principal/Edge. Each of the Funds will utilize the disciplined, time tested, proprietary investment strategy and process developed by Randy and Gary over their 25+ year careers in investment management, including their time together at Principal/Edge, and its predecessor WM Advisors. All of the Funds will incorporate the High Yield expertise of Gary and his high yield team at SiM. For more information on SiM visit www.sim-llc.com.

SiM has entered into a marketing services agreement with Piedmont Capital Distributors in relation to the marketing and wholesaling of the Funds. Piedmont Capital Distributors is a national marketing firm with extensive experience serving the needs of asset managers in the US. Piedmont's founders and senior management, as well as several members of its nationwide wholesaling team, were formerly key components of Principal Financial/WM Advisors' wholesaling efforts.

The Funds' method of security selection may or may not be successful and the Funds may underperform or outperform the stock market as a whole. All mutual funds are subject to market risk, including possible loss of principal.Because the Funds are "fund of funds," an investor will indirectly bear the principal risks of the underlying funds, including but not limited to, risks associated with smaller companies, foreign securities, emerging markets, high yield bonds, fixed income investments and commodities. Each of the Funds will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying funds. Because the funds invest in ETFs and ETNs, they are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's or ETN's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund's ability to sell its shares. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities.

For a prospectus, which includes objectives, risks, fees, charges, expenses and other information that should be read and considered carefully before investing, call 1-855-746-3863 or visit www.sim-funds.com.

The SiM Dynamic Allocation Funds are distributed by Quasar Distributors, LLC.

Contact Information

  • Contact:
    Tim Black
    COO
    Phone: 206-971-3773
    Email: Email Contact