NEW YORK--(BUSINESS WIRE)--Ramirez Asset Management (“RAM”) will enter the pooled investment market with the launch of two mutual funds that will offer share classes for both retail and institutional investors. These funds will launch on December 15, 2023.
The Ramirez Government Money Market Fund (Retail: RMZXX; Institutional: RAMXX) will seek to maximize current income while prioritizing the preservation of capital and the maintenance of liquidity by investing securities issued by the U.S. government, its agencies, and instrumentalities; including repurchase agreements that are collateralized solely by U.S. government securities. The fund will be unique in the money fund marketplace as one of few managed by a diverse investment manager.
Further, RAM has committed to donate 10 percent of the fund’s net management revenues to the Hispanic Scholarship Fund and will target 50 percent of trades to be executed with minority, women, disabled persons and veteran dealers. The fund will be available for direct investment on December 15 and accessible on most of the industry-leading cash management portals in early January.
The Ramirez Core Bond Fund (Retail: RAMRX; Institutional: RAMIX) will seek to maximize total return by investing primarily in a diversified portfolio of fixed income securities. The Core Bond Fund will be managed similarly to RAM’s Strategic Core Strategy, which is benchmarked against the Bloomberg U.S. Aggregate index using a multi-sector approach utilizing a time-tested investment process and a differentiated investment style. RAM has a 10+ year track record managing this product for institutional investors in separately managed accounts.
RAM’s fixed income team led by portfolio managers Sam Ramirez Jr., Louis Sarno, Helen Yee and Alex Bud, will manage both funds. These professionals collectively have more than 120 years of industry experience.
For more information, including fund documents, please contact info@ramirezam.com.
About Ramirez Asset Management, Inc.
Founded in 2002 and headquartered in New York City, registered investment adviser Ramirez Asset Management, Inc. (RAM) is affiliated with Samuel A. Ramirez & Co. Inc., one of the oldest and largest Hispanic-owned investment banks in the U.S. and a leader in the fixed income market. RAM is focused on fixed income and equity asset management for a diverse client base, including public and private defined benefit and defined contribution plans, Taft Hartley plans, corporations, state and local governments, as well as foundations and endowments. For more information, please visit www.ramirezam.com
© 2023 Ramirez Asset Management, Inc.
This material has been prepared by Ramirez Asset Management, Inc. and is provided to you for information purposes. It is not a solicitation or an offer to buy or sell any security. Any information included is expressed as of the date of writing. Past performance is not a guide to future performance.
Principal Risks of Investing in the Fund. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Mutual fund investing involves risk; principal loss is possible. Investments in debt securities typically decrease when interest rates rise. The Fund is recently organized with no operating history. There can be no assurance that the Fund will grow to or maintain an economically viable size. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. The Fund is recently organized with no operating history. There can be no assurance that the Fund will grow to or maintain an economically viable size. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and nonrated securities present a greater risk of loss to principal and interest than higher-rated securities do. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of, including credit risk, prepayment risk, possible illiquidity, and default, as well as increased susceptibility to adverse economic developments. For more information on these risks and other risks of the Fund, please see the Prospectus.
The fund has filed a registration statement with the Securities and Exchange Commission but it is not yet effective. An investment in the fund cannot be made, nor money accepted, until the registration statement is effective. An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A preliminary prospectus which contains this and other information about the fund may be obtained by calling 888-472-3102. The information in the preliminary prospectus is not complete and may be changed. The final prospectus should be read carefully before investing, and when available may be obtained from the same source. This communication is not an offer to sell fund shares and is not soliciting an offer to buy fund shares in any state where the offer or sale is not permitted.
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