YieldQuest Funds Adds Three New Offerings.Fixed-Income Boutique Doubles Mutual Fund Offerings ATLANTA -- YieldQuest Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a fixed-income portfolio management boutique catering to small and mid-sized institutions and financial advisors, announced the addition of three new funds to its mutual fund platform, YieldQuest Funds. The new funds were registered with the Securities and Exchange Commission (SEC) effective as of December 22, 2006 and recently commenced investment operations on June 11, 2007. The funds will be available on various institutional platforms only to pre-approved advisors and institutions. The newly added funds include: * YieldQuest Flexible Income Fund (YQFIX): This fund seeks total return through income and capital appreciation. It invests at least 80 percent of its net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. in a broad range of fixed income and income producing securities, while the remaining assets are invested in non-income producing common and preferred stocks Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , as well as securities of other investment companies and derivatives. * YieldQuest Low Duration Tax-Exempt Bond Tax-exempt bond A bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax. tax-exempt bond See municipal bond. Fund (YQSMX): This fund seeks maximized total return through income and capital appreciation. It invests primarily in low-duration tax-exempt securities and other investment companies whose interest income is tax-exempt. * YieldQuest Low Duration Bond Fund (YQSTX): This fund seeks maximized total return through income and capital appreciation. It invests primarily in a broad range of low duration, investment grade debt securities. "YieldQuest has established its reputation on providing our client-partners with value-add investment strategies and high-level expertise that enables them to provide greater value to their investor clients," said Jay K. Chitnis, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , senior managing director and chief investment officer of YieldQuest Advisors. "Our new fund offerings are aimed at allowing our clients to continue to take advantage of our ideas and strategies, but in different areas of the bond market. This brings YieldQuest much closer to having a complete suite of fixed-income offerings". The addition of the new funds brings YieldQuest Funds' offerings to a total of six. Existing YieldQuest funds include the YieldQuest Core Equity Fund (YQCEX); the YieldQuest Total Return Bond Fund (YQTRX), which was ranked in the top decile decile one of the groups when a series of ranked data is divided into ten equal parts, or dividing points between such groups. See also quartile. among 1074 funds in the intermediate term bond category for calendar year 2006 by Morningstar, based on total return, and; the YieldQuest Tax-Exempt Bond Fund (YQTEX), also ranked in the top decile among 260 funds in the muni muni See municipal bond. national intermediate bond category in 12-month total return for calendar year Total return for calendar year The profit or loss realized by an investment at the end of a specified calendar year, stated as the percentage gained or lost per dollar invested on January 1. 2006 by Morningstar. About YieldQuest Advisors YieldQuest Advisors LLC is an Atlanta-based investment management firm that utilizes the diverse expertise of its executive staff and chief investment officer, Jay K. Chitnis, CFA, to implement its proprietary investment strategies for an exclusive registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in (RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. ) client base. Founded in 1998 as a broker-dealer group specializing in fixed income trading for fee-only registered investment advisors, YieldQuest has since transitioned into a holistic, fixed-income portfolio management organization offering broker-dealer services, separate account management, and a suite of mutual funds. Additional information on YieldQuest companies is available online at www.yieldquest.com. A Prospectus and a Statement of Additional Information Statement of Additional Information (SAI) A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus. , which together provide important information about the YieldQuest Funds' investment objectives, risks, charges and expenses, each is available upon request, free of charge, by calling 1-877-497-3634. Each investor should carefully review and consider the information in the prospectus before investing in the YieldQuest Funds. Past performance is not a guarantee of future results. Any performance data shown or mentioned represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Investors can obtain performance data current to the most recent month-end by calling 1-866-973-8637. The Fund charges a 2% redemption fee Redemption fee A fee some mutual funds charge when an investor sells shares within a specified short period of time. on shares held less than 90 days. The performance shown does not reflect the deduction of this fee. Had it been reflected, it would have reduced the performance shown. The Fund's management has waived or is currently waiving a portion of its management fees. The performance shown and/or the rankings referenced above reflect the waivers which had a material effect on such performance and/or rankings. The YieldQuest Funds are distributed by YieldQuest Securities, LLC, an NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). member and affiliate of YieldQuest Advisors, LLC. |
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