Sentinel gives details on new Sentinel Unconstrained Bond Fund

By Toni Weeks

San Luis Obispo, Calif., Dec. 24 – Sentinel Funds gave more details on its upcoming new Sentinel Unconstrained Bond Fund in an N-1A filing with the Securities and Exchange Commission. The fund is expected to launch at the end of this month.

The fund will seek maximum investment return through a combination of current income and capital appreciation. Under normal circumstances, it will invest at least 80% of its net assets in U.S. and non-U.S. fixed-income instruments and related derivatives. The fund focuses on U.S. fixed-income instruments, including bonds, debt securities and similar instruments, and may invest up to 70% of its net assets in fixed-income instruments rated below investment grade.

Jason Doiron will serve as the portfolio manager.

The fund will offer class A, class C and class I shares. The ticker symbols are SUBAX, SUBCX and SUBIX, respectively.

Class A shares will be subject to a maximum sales charge of 2.25%, whereas class C shares will incur a maximum deferred sales charge of 1%. Including management fees of 0.75%, total annual fund operating expenses are expected to be 1.56% for class A, 3.56% for class C and 1.14% for class I shares.

Montpelier, Vt.-based Sentinel Asset Management, Inc. is the investment adviser to the fund.

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