MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 2, 2023 A 29-Year-Old Firm Launches Its 7th ETF The team at a $1.99-billion-AUM, 29-year-old, Orlando area mutual fund firm that specializes in faith-based investing are rolling out their seventh ETF.
TPMN's inception date was January 24, and as of yesterday it had $58.7 million in AUM. The new fund comes with an expense ratio of 65 basis points. Maitland, Florida-based TPL serves as TPMN's investment advisor, and San Antonio, Texas-based Victory Capital Management, Inc. (through its Victory Solutions team) serves as subadvisor. The new fund's PM team includes: Mannik Dhillon, president of Victory's VictoryShares and Solutions platform; Free Foutz, portfolio implementation manager for the VictoryShares and Solutions platform; Lance Humphrey, senior portfolio manager for VictoryShares; and Scott Kefer, senior PM for VictoryShares. The launch of TPMN comes three years at TPL entered the ETF space. The TPL team notes that their ETFs have surpassed $500 billion in combined AUM. "Our funds are part of a rapidly growing niche market," Ally states. "It's about providing Christians a way to invest according to their faith." The new fund's other service providers include: Citi Fund Services Ohio, Inc. as administrator and fund accountant; Citibank, N.A. as custodian and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Drake Compliance, LLC as chief compliance officer; and Foreside Distributors as distributor. Printed from: MFWire.com/story.asp?s=65539 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
