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Rating:WM Alums Unveil a Trio of Mutual Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 21, 2011

WM Alums Unveil a Trio of Mutual Funds

Reported by Armie Margaret Lee

Strategic Income Management, a Seattle-based firm founded by a pair of WM Advisors alums last October, has launched three asset allocation mutual funds. SiM hired Piedmont Capital Distributors to market the products, which are funds of funds that invest mainly in ETFs.

The SiM Dynamic Allocation Diversified Income Fund has expense ratios of 160 bps for A shares and 235 bps for C shares. The SiM Dynamic Allocation Balanced Income Fund comes with expense ratios of 159 bps for A shares and 234 bps for C shares. The SiM Dynamic Allocation Equity Income Fund charges expense ratios of 158 bps for A shares and 233 bps for C shares [SEC filing]

Randy Yoakum and Gary Pokrzywinski founded Strategic Income Management in October 2010.

Both had worked at WM Advisors, which in 2007 was acquired by Principal Financial Group from Washington Mutual and rebranded to Edge Asset Management. Yoakum was a managing director, senior portfolio manager - asset allocation at Edge and Pokrzywinski was a senior portfolio manager and chief investment officer.

SiM sub-advises a mutual fund for American Beacon, American Beacon SiM High Yield Opportunities Fund. Its product menu also includes asset allocation UITs sponsored by First Trust and separately managed asset allocation accounts.
Company Press Release

Strategic Income Management Announces New Asset Allocation Mutual Fund Lineup

Former Principal Financial/WM Advisor Fund Managers Launch New Mutual Funds

SEATTLE, WA Strategic Income Management ("SiM") today announced the launch of three new asset allocation mutual funds (the "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. The Funds 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, emphasizing equities.

SiM was founded in 2010 by Randy Yoakum and Gary Pokrzywinski. Mr. Yoakum is the former Managing Director, Senior Portfolio Manager - Asset Allocation at Principal Financial/Edge Asset Management (formerly WM Advisors), and Mr. Pokrzywinski is the former Managing Director Fixed Income - Senior Portfolio Manager and Chief Investment Officer for Principal Financial/Edge. Randy and Gary are joined at SiM by senior members of their research teams from Principal/Edge. Each of the Funds will utilize the disciplined, time tested, proprietary investment strategy and process developed by Randy and Gary 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 Gary and his high yield team at SiM. For more information on SiM visit www.sim-llc.com.

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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