Dynamic Funds on Monday announced the launch of the Dynamic Strategic Yield Class.
The corporate fund combines the benefits of the Dynamic Strategic Yield Fund with the tax efficiency of the corporate class structure, Dynamic says.
The fund offers investors the benefits of minimized taxable distributions, tax-efficient income and a customizable target distribution rate up to 7% through a Series T option.
In addition, investors will now be able to benefit from tax-deferred switching between the new corporate fund and other Dynamic Global Fund corporate class funds.
Like its trust fund counterpart, the new corporate fund has the flexibility to cautiously source an attractive yield in any business cycle.
The fund aims to achieve high income and long-term capital growth through investment in a diversified portfolio of fixed-income and income-oriented equity securities, Dynamic says.
For both funds, the equity income portion is managed by Oscar Belaiche, while the fixed income component is managed by Michael McHugh.
IE
Dynamic Strategic Yield Class launched
Corporate fund invests in a diversified portfolio of fixed-income and income-oriented equity securities
- By: IE Staff
- July 13, 2009 July 13, 2009
- 15:02