The fund is co-managed by
“The baby boomer generation is expected to face challenges in generating income for retirement, due to lower economic growth, lower yields on U.S. government bonds, and potential inflation,” said Fegley, in a statement.
“On top of that, the ratio of retirees to workers in the U.S. will increase by 75% over the next 15 years, potentially triggering a generational wave of market sell-offs as retirees draw on their 401(k)s. Our new fund is a solution to the downward pressure we expect to negatively impact U.S. security values,” he added.
On the fund’s prospectus, the management fee is listed as 60 basis points, but the prospectus says it will vary based on performance.
The assets that the fund will target include the 1200 largest dividend-paying common stocks, targeting yields above 4%; global high yield bonds, including sovereigns and U.S. high-yield corporates; and, to a lesser extent, preferred stocks.
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