Boyd Watterson Short Duration Enhanced Income Fund
Boyd Watterson Short Duration Enhanced Income Fund will seek income, capital preservation and total return, in that order. The plan is to invest tactically in a wide variety of security types including junk bonds, bank loans, convertibles, preferred shares, CDOs and so on. They’ve got a bunch of proprietary strategies for sector, industry and tactical allocations. The fund will be managed by a team from Boyd Watterson Asset Management. The opening expense ratio has not been disclosed and the minimum initial investment is $5,000, reduced to $2,500 for various tax-advantaged accounts.
Moerus Worldwide Value Fund
Moerus Worldwide Value Fund will seek capital appreciation. The plan is to invest in a global portfolio of 25-40 undervalued stocks. Candidate companies would have solid balance sheets, high quality business models and shareholder-friendly management teams. In addition, they should have the capacity to thrive in “difficult periods” and “market downturns.” The fund will be managed by Amit Wadhwaney, formerly lead manager of Third Avenue International Value. He and two other former Third Avenue employees launched Moerus Capital in December 2015. And no, I have no idea of what a “moerus” is. The opening expense ratio is 1.65% and the minimum initial investment is $2,500.
Northern Active M U.S. Equity Fund
Northern Active M U.S. Equity Fund will seek long-term capital appreciation through a diversified portfolio of primarily U.S. equity securities. Any income generation is purely incidental. It will be a multi-manager fund, so I’m guessing that explains the mysterious “M” in the name. The fund will be managed by Delaware Investments, Granite Investment Partners, The London Company of Virginia, and Polen Capital Management. The opening expense ratio is 0.67% and the minimum initial investment is $2,500, reduced to $500 for various tax-advantaged accounts and $250 for funds set up with an AIP.
Sit ESG Growth Fund
Sit ESG Growth Fund will seek long-term capital appreciation. The plan is to invest in fundamentally attractive businesses which also have “strong environmental, social and corporate governance (ESG) practices at the time of purchase.” The fund will be managed by Roger Sit and a team from SIT Associates. The opening expense ratio is 1.50% and the minimum initial investment is $5,000.
SPDR® SSGA U.S. Sector Rotation ETF
SPDR SSGA U.S. Sector Rotation ETF will seek a provide capital appreciation. The plan is to invest, using a tactical sector allocation strategy, in sector ETFs. They determine the attractiveness of sectors monthly, so you might reasonably expect a high-turnover strategy. The fund will be managed by John Gulino, Lorne Johnson and Michael Narkiewicz of the Investment Solutions Group. The opening expense ratio has not been disclosed and, being an ETF, there’s no regular investment minimum.
Vest Armor S&P 500® Fund
Vest Armor S&P 500® Fund will track, before expenses, the performance of the CBOE S&P 500 Buffer Protect Index. These folks are actually launching about 14 related funds simultaneously. The underlying idea is that they can use options to tightly control the range of a fund’s gains or losses. In a rising market, they’ll profit up to a preset cap. In a modestly declining market, they’ll keep returns at zero. In a sharply declining market, they’ll lose 10% less – that is, 1000 basis points less – that the S&P 500. Twelve of the funds are denominated by month: the January fund sets its 12-month return parameters at one level, the February fund at another, the March fund at a third and so on. The fund will be managed by Karan Sood and Johnathan Hale of Vest Financial. The opening expense ratio is 1.50% and the minimum initial investment is $1,000.