Summit Global Investments U.S. Low Volatility Equity Fund launches

By Toni Weeks

San Diego, Feb. 29 - The RBB Fund, Inc. has launched a new fund that seeks to outperform the S&P 500 index over a market cycle while reducing overall volatility.

According to an N-1A filing with the Securities and Exchange Commission, the Summit Global Investments U.S. Low Volatility Equity Fund will invest at least 80% of its nets assets, plus borrowings for investment purposes, in equity securities, primarily common stocks of companies within the Russell 1000 index and the S&P 500 index.

David Harden will be the portfolio manager.

The fund will launch with class A, retail class and class I shares. They will trade under the symbols "LVOLX," "SGLVX" and "SILVX," respectively.

Shareholder fees will consist of a 5.25% maximum sales charge for class A shares and, for all three share classes, a 1.5% redemption fee and 1.5% exchange fee for shares held less than 60 days.

Management fees will run 0.7% for each share class. The investment adviser has agreed to limit net expenses to 1.2% for class A and retail class shares and 0.98% for class A shares. The limitation agreement expires March 1, 2013.

Salt Lake City-based Summit Global Investments, LLC will serve as the investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.