Milwaukee, Wis. (PRWEB) February 10, 2012
1492 Capital Management, as investment adviser, today announced that it has launched a no-load family of mutual funds, the 1492 Funds, consisting of the 1492 Small Cap Growth fund and the 1492 Small Cap Value fund. The funds trade under the NASDAQ symbols of FNTGX and FNTVX, respectively.
“We're really excited about launching these products. These are institutional-style products with low minimum initial investment requirements that should appeal to many audiences,” said Joseph Frohna, Principal of and portfolio manager at 1492 Capital Management, LLC. “We will be using our time-tested thematic approach to managing these funds as we've been doing for the majority of our investment careers,” he continued. “Investors and advisers have been asking us for years for these products and we believe it’s a great time to be coming to market with these funds,” added Tim Stracka, Principal and Director of Institutional Sales.
Investments in the Small Cap Growth Fund are selected using a bottom-up fundamental process in conjunction with theme-based investing. Theme-based investing is used to emphasize industries and/or sectors of the economy that are believed to have better growth prospects than others. Once a theme is identified and additional fundamental analysis is employed, the Adviser attempts to find individual stocks that will benefit from the theme.
Investments in the Small Cap Value Fund are the result of a bottom-up thematic approach focusing on dividend paying small-cap companies with strong fundamentals and management teams. Investments in the fund are selected by applying fundamental research including our proprietary valuation process referred to as “triangulation,” which incorporates financial criteria and ratios from three sources: the balance sheet; income statement; and cash flow statement.
The 1492 Small Cap Growth and Small Cap Value Funds are now available for new investments. The minimum initial investment for each fund is $10,000 with subsequent minimums of $250. The funds’ management fee is 1.00% with overall net expenses capped at 1.10% (1). For more information, or to access the prospectus, SAI and an application to open an account, please visit http://www.1492Funds.com.
About 1492 Capital Management, LLC
1492 Capital Management, LLC, headquartered in Milwaukee, is an investment advisor to a no-load family of mutual funds, the 1492 Funds, as well as to separately managed account clients. 1492 Capital Management, LLC employs a bottom-up thematic approach to investing.
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful prior to registration under the applicable securities laws.
(1) Total annual fund operating expenses are estimated to be 1.93% before waivers/reimbursement. The Funds’ adviser contractually has agreed to waive its management fee and/or to reimburse expenses through March 31, 2013, as described in the funds’ prospectus. This arrangement may not be terminated prior to this date except by the Board of Trustees. The net expense ratio of 1.10% reflects this fee waiver/expense reimbursement.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds before investing. The Funds’ prospectus contains this and other information about the Funds, and should be read carefully before investing. You may obtain a current copy of the Funds’ prospectus by calling 1-877-571-1492. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Generally, nano-cap, micro-cap, small-cap and less seasoned companies have more potential for rapid growth. They also often involve greater risk than large- or mid-cap companies, and these risks are passed on to the Funds.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300,
Indianapolis, IN 46208. (Member FINRA)