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Strategic Income Management announces new asset allocation mutual fund lineup

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Strategic Income Management (SiM) has launched three new asset allocation mutual funds. The funds are the latest additions to SiM’s product lineup which also includes asset allocation UIT’s sponsored by First Trust, a high yield bond fund that SiM sub advises for American Beacon Advisors, Inc, and separately managed asset allocation accounts.

The funds, SiM Dynamic Allocation Diversified Income Fund (SDDAX), SiM Dynamic Allocation Balanced Income Fund (SDBAX), and SiM Dynamic Allocation Equity Income Fund (SDEAX), are funds of funds that will invest primarily in ETFs. They will provide investors and their financial advisers with an array of asset allocation models which can be used to build core holdings for a broad spectrum of investors.

Although each of the funds will have varying degrees of exposure to equities and fixed income, all of the Funds will have a value driven, income bias. The Diversified Income Fund is a conservative strategy focusing on the generation of current income. The Balanced Income Fund is a moderate strategy balancing equities and income producing securities, while the Equity Income Fund will be the most aggressive strategy in the lineup, emphasising equities.

SiM was founded in 2010 by Randy Yoakum and Gary Pokrzywinski. Yoakum is the former Managing Director, Senior Portfolio Manager – Asset Allocation at Principal Financial/Edge Asset Management (formerly WM Advisors), and Pokrzywinski is the former Managing Director Fixed Income – Senior Portfolio Manager and Chief Investment Officer for Principal Financial/Edge. Yoakum and Pokrzywinski are joined at SiM by senior members of their research teams from Principal/Edge. Each of the Funds will utilise the disciplined, time tested, proprietary investment strategy and process developed by Yoakum and Pokrzywinsk over their 25+ year careers in investment management, including their time together at Principal/Edge, and its predecessor WM Advisors. All of the Funds will incorporate the High Yield expertise of Pokrzywinski and his high yield team at SiM.

SiM has entered into a marketing services agreement with Piedmont Capital Distributors in relation to the marketing and wholesaling of the funds. Piedmont Capital Distributors is a national marketing firm with extensive experience serving the needs of asset managers in the US. Piedmont’s founders and senior management, as well as several members of its nationwide wholesaling team, were formerly key components of Principal Financial/WM Advisors’ wholesaling efforts.

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