M.D. Sass Investors launches M.D. Sass 1-3 Year U.S. Agency bond fund

By Marisa Wong

Madison, Wis., Aug. 23 - M.D. Sass Investors Services, Inc. announced the launch of the M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund. The fund officially launched on June 30.

The fund is a short-term, liquid mutual fund building on M.D. Sass' 18-year record of managing similar fixed income portfolios for institutional investors, according to a company news release.

The New York-based investment management company said that the fund seeks high interest income while preserving capital in adverse markets and providing capital appreciation. The fund is supposed to be a value-added alternative to other short-term income-oriented securities and currently has over $70 million in assets.

The fund targets high-yielding U.S. government and U.S. government agency-backed securities with one- to three-year durations. M.D. Sass said that the fund invests only in high quality securities and endeavors to reduce interest rate risk.

Further information on the new fund can be obtained by calling 855 637-3863 or visiting www.mdsassfunds.com.

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