New Pyxis Frontier Debt Fund plans launch with four share classes

By Toni Weeks

San Diego, Jan. 26 - Pyxis Funds II announced in an N-1A filing with the Securities and Exchange Commission its plans for a new fund, the Pyxis Frontier Debt Fund.

The fund plans to launch with class A, class C, class R and class Y shares. Ticker symbols have not yet been determined.

The fund will seek to provide a high level of current income, consistent with preservation of capital. It is categorized as a feeder fund, investing substantially all of its assets in a master fund, the Pyxis Frontier Debt Master Fund. The master fund has an identical investment objective to the new fund.

According to the filing, all share classes of the new fund will incur a 2% exchange or redemption fee based on any amount redeemed within two months or less after purchase. Other shareholder fees, as well as management fees and total annual fund operating expenses, have not yet been disclosed.

The portfolio manager will be Joe Dougherty. The fund's investment adviser will be Dallas-based Pyxis Capital, LP.

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