CHICAGO--(BUSINESS WIRE)--PPM America, Inc. (“PPM”) today announced the completion of its launch of a family of nine mutual funds offering a diverse range of fixed income and equity strategies. Known as PPM Funds, the introduction of these new institutional share class mutual funds is the next step in the firm’s expansion plans announced in January which include establishing a U.S.-based distribution team and enhancing resources in product development, client service and marketing.
“While the PPM Funds are new, PPM’s investment expertise spans more than 25 years. Our teams bring deep experience, stability and proven discipline in each of the nine strategies. Adding these mutual funds to our existing capabilities is a natural extension for PPM and provides the diversification and flexibility institutional investors require,” said Anthony Balestrieri, Chief Investment Officer, Total Return.
PPM’s fixed income funds are managed by teams of five to seven portfolio managers. Our fixed income investment professionals average 16 years of industry experience and 12 years’ average tenure with the firm. The portfolio management teams emphasize a relative value discipline and are supported by 25 corporate credit analysts in addition to 14 asset class specialists in asset-backed securities, commercial mortgage-backed securities, mortgage-backed securities and debt restructuring, and 14 traders. The fixed income offerings include:
- PPM Core Plus Fixed Income Fund (PKPIX)
- PPM Credit Fund (PKDIX)
- PPM Floating Rate Income Fund (PKFIX)
- PPM High Yield Core Fund (PKHIX)
- PPM Long Short Credit Fund (PKLIX)
- PPM Strategic Income Fund (PKSIX)
PPM’s public equity team was established in 1992. The equity funds are managed by a team of six portfolio managers that average 23 years of industry experience and 11 years’ average tenure with the firm. The portfolio management team focuses on fundamental, bottom-up research where investment decisions are made with a long-term perspective. The equity offerings include:
- PPM Large Cap Value Fund (PZLIX)
- PPM Mid Cap Value Fund (PZMIX)
- PPM Small Cap Value Fund (PZSIX)
President and Chief Executive Officer Mark Mandich commented, “PPM’s mission is to be indispensable to our clients, and that commitment is at the forefront of these new institutional share class mutual fund solutions. We are committed to providing a range of investment structures to serve the needs of institutional investors in the U.S. for active strategies.”
About PPM America
Founded in 1990, PPM America (PPM) is a client-focused investment manager with more than $111.61 billion in assets as of June 30, 2018, including $8.06 billion managed by PPM Finance Inc., an affiliate that manages commercial mortgage loans and certain real estate investments. As part of one of the world’s leading financial organizations, PPM has the expertise, global reach and substantial resources to provide our clients with investment solutions across markets, including public fixed income, public equity, private equity, and private debt. However, like a smaller shop, PPM remains nimble, investment-led and responsive to the opportunities that teams discover together. PPM’s mission is to deliver specific client solutions and service to investors around the world with the goal of meeting investors’ unique investment objectives. In addition, PPM employees are committed to building their community and supporting local nonprofits that strengthen families and increase economic opportunities. For more information about PPM or the PPM Funds, please visit PPM America’s website at: www.ppmamerica.com and www.ppmamerica.com/ppmfunds.
PPM is an indirect subsidiary of Prudential plc (“UK Parent”), a company incorporated in England and Wales. The UK Parent and its affiliated companies constitute one of the world's leading financial services groups providing insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for more than 165 years and has $905.4 billion in assets under management (as of December 31, 2017). The UK Parent is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
Investors should consider a fund’s investment objective, risks, fees and expenses before investing. This and other information can be found in the prospectus or summary prospectus for each Fund, which are available from PPM by calling 1-844-446-4PPM (1-844-446-4776) or by visiting the PPM Funds website, www.ppmamerica.com/ppmfunds. Please read them carefully before investing.
Distributed by Jackson National Life Distributors LLC (JNLD), member FINRA. JNLD is a wholly-owned subsidiary of Jackson National Life Insurance Company (Jackson), a US-based financial services company. Jackson is an indirect wholly-owned subsidiary of the UK Parent.