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UCM Short Duration Fund Hits $35 Million Milestone on Strong 2012 Performance
By: PR Newswire
Feb. 13, 2013 11:15 AM
NEW YORK, Feb. 13, 2013 /PRNewswire/ -- The UCM Short Duration Fund has grown to more than $35 million in assets as of January 31, 2013 on the strength of strong absolute and relative performance. The mutual fund, launched by UCM Partners on December 27, 2010, holds the primary objective of providing a high level of current income consistent with the preservation of capital.
For the year ended December 31, 2012, Fund performance for Institutional Shares, net of expenses, was 3.83%, compared to a 0.51% return for the Fund's benchmark index, the Barclays Capital 1-3 Year Government Index an excess return of 3.32%. Since inception, the Fund has delivered annualized performance of 4.13%, net of expenses, through December 31, 2012 compared to a 1.12% annualized return for the Index.
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. *Returns less than one year are not annualized. Performance of other share classes may vary. For future month-end performance, please call 1-877-828-8210. As stated in the current prospectus, the gross operating expense ratio for the institutional shares is 4.27% (which, as required, is the historical calculation from the most recent fiscal year). However, the adviser has contractually agreed to reduce and/or reimburse fees and expenses to limit total operating expenses to 0.60% through March 31, 2013. Otherwise, performance displayed would have been lower.
About UCM Partners, L.P.
BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS FOUND IN THE PROSPECTUS AVAILABLE BY CALLING TOLL-FREE (877)828-8210. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
Investments are subject to risk, including the possible loss of principal. As interest rates rise, the value of debt securities decrease; whereas prepayment risk tends to occur during periods of declining interest rates. Recent turbulence in the financial markets and reduced liquidity in credit and fixed-income market may have an adverse effect on the Fund. Mortgage-backed securities are subject to prepayment risk, when the Fund may have to reinvest this money at lower prevailing interest rates, as well as extension risk. The value of mortgage-backed securities and asset-backed securities can be very volatile in response to changes in interest rates. Many of the risks of investing in commercial mortgage-backed securities reflect the risks of investing in the real estate securing the underlying mortgage loans. Accordingly, the Fund may not be suitable for all investors.
The Barclays Capital 1-3 Year Government Index includes Treasury and Agency securities issued by the U.S. Government with a maturity from 1 up to (but not including) 3 years. This unmanaged Index contains only dollar-denominated, investment grade issues with at least $250 million par outstanding. One cannot invest directly in an index.
SOURCE UCM Partners
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