The Enterprise Group of Funds
has taken the wraps off its new Short Duration Bond Fund
. The fund is the $4 billion Enterprise family's 24th. Victor Ugolyn
, chairman, president and CEO of Enterprise said of the launch, said that the fund is targeting investors seeking to move up from CDs after the recent Fed Rate cuts.
New York City-based MONY Capital Management is acting as subadvisor to the new fund that targets investors seeking reduced volatility. MONY will target a three-year or shorter duration for the fund that is benchmarked to the Lehman Brothers 1-3 year government/credit index.
Gregory M. Staples
, senior managing director of MONY Capital Management, Inc., leads the Enterprise Short Duration Bond Fund management team, which has more than 20 investment professionals who follow all sectors of the U.S. investment-grade fixed income markets.
The fund will carry a minimum initial investment of $1,000 and comes in Class A, B and C shares.
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