Epicurus Mexico Fixed Income Local Currency Fund plans launch

By Toni Weeks

San Luis Obispo, Calif., Nov. 15 - Two Roads Shared Trust announced its plans to offer a new fund that invests in fixed-income securities of Mexican issuers, the Epicurus Mexico Fixed Income Local Currency Fund.

According to an N-1A filing with the Securities and Exchange Commission, the fund will seek long-term total returns. Under normal circumstances, it will invest at least 80% of its assets in publicly offered fixed-income securities of Mexican issuers or instruments with similar economic characteristics, such as over-the-counter or exchange-traded derivative instruments linked to Mexican fixed-income securities.

Principal investments will include Mexican federal, state and municipal securities, quasi-government securities, corporate bonds, bank loans, mortgage- and asset-backed securities, nominal and/or inflation-linked bonds and cash equivalent instruments.

Ignacio Bolivar and Omar Flores will be the portfolio managers.

The fund will launch with class A, class C, class I and class R shares. Ticker symbols have not been set.

Shareholder fees will consist of a 5.75% maximum sales load and 1% maximum deferred sales load on class A shares and a 1% redemption fee applicable to shares from any class redeemed within 90 days of purchase.

Management fees will run 0.9%. Total annual fund operating expenses have not yet been determined.

Colonia Lomas de Chapultepec, Mexico-based Epicurus Fund Management SAPI de CV will be the investment adviser.

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