Apex Small/Mid Cap Growth Fund announces plans for June launch

By Toni Weeks

San Diego, March 23 - Ultimus Managers Trust announced in an N-1A filing with the Securities and Exchange Commission that it is planning a new fund, the Apex Small/Mid Cap Growth Fund.

The fund, which is proposing a June 1 launch, will seek long-term capital growth by investing at least 80% of its net assets plus the amount of any borrowings for investment purposes in a diversified portfolio of equity securities of small and mid-cap companies with strong growth characteristics. The fund may invest up to 15% of its assets in equity securities of foreign small and mid-cap companies.

Nitin N. Kumbhani will be the portfolio manager.

The fund's ticker symbol has not yet been set.

The fund will have no shareholder fees. Management fees will run 1%. Although other expenses and fees have not yet been disclosed, Dayton, Ohio-based Apex Capital Management, Inc., the fund's investment adviser, has agreed to limit the total annual fund operating expenses to 1.1% of the fund's average daily net assets.

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