ST. PAUL, Minn.--(BUSINESS WIRE)--Advantus Capital Management filed a prospectus October 2, 2014 with the Securities and Exchange Commission for a Short Duration fixed income fund for institutional investors. Advantus plans to launch the fund in December 2014.
“The Short Duration Bond Fund’s investment objective is to seek current income while preserving capital and maintaining liquidity,” said Chris Sebald, president, Advantus Capital Management.
The Advantus Short Duration Bond Fund is benchmarked against Barclays 1-3 year Government/Credit Bond Index.1 The portfolio managers are Tom Houghton, CFA; David Land, CFA; and Jane Wyatt, CFA. Minimum investment is $100,000 for the Institutional Class and the management fee will be 35 basis points (0.35 percent).
Advantus Capital Management is an institutional asset manager that specializes in public and private fixed income, real estate securities and other income-oriented equity strategies. Its investment approach is founded on thorough fundamental research insights derived from collaboration among investment specialists across diverse strategies, with risk management embedded throughout the process. Advantus is a subsidiary of Securian Financial Group, Inc.
1 The Barclays U.S. 1-3 Year Government/Credit Bond Index is a part of the Barclays U.S. Government/Credit Bond Index. It includes Treasury and agency securities (U.S. Government Bond Index) and publicly issued U.S. corporate and foreign debentures and secured notes (U.S. Credit Bond Index). The bonds in the index are investment-grade with a maturity between one and three years. You cannot invest directly in an index.
The information in the prospectus is not complete and may be changed. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but is not effective. The Fund may not sell these securities until such registration statement is effective. This is not an offer to sell these securities and is not a solicitation of an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1.800.665.6005 x51495. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. 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. Municipal securities are subject to adverse political or economic factors, including changes in the tax law. Derivatives involve special risks including leverage, correlation, counterparty, liquidity, operational, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments. The Fund may invest in Illiquid securities which involve the risk that the securities will not be able to be sold at the time or prices desired by the fund, particularly during times of market turmoil. The Fund may invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods.
The Advantus Short Duration Bond Fund is distributed by Quasar Distributors, LLC and Advantus Capital Management, Inc. is the investment adviser. Securian Financial Group is not affiliated with Quasar Distributors, LLC.
