USA Today Ranks the Core Fund of Florida Investment Firm Wertz York in Nation's Top Five
TAMPA, Fla., Nov. 15, 2010 /PRNewswire/ -- USA Today has ranked the Core Fund of FL investment firm Wertz York in the top five bond funds in the nation. The Core Fund is an institutional short-term government bond mutual fund that is typically used by Florida governmental entities including cities, counties, and school boards as an investment vehicle within a diversified portfolio.
According to USA Today, the Core Fund is a "star performer...an ultrashort bond fund that has a top record for the past five years and below-average expenses."
The Fund was developed to be a cash management compliment to the State Board of Administration's Local Government Investment Pool. The bonds that the Core Fund invests in are guaranteed by the full faith and credit of the US Government. The fund provides a weighted average maturity of 3 years or less, duration of typically 1 years or less, and 80 percent of its assets are in U.S. Treasury and or Government Agency Securities.
"Our Tampa-based firm is excited to be recognized as a world class capital management group," says Brent Wertz, principal of Wertz York. "Our Core Fund is used by many government entities in the nation and in the state of Florida because it meets their objectives of safety, liquidity and yield."
Wertz York is a Tampa FL based SEC registered investment adviser that specializes in managing short term fixed income assets. Since its inception in 2000, Wertz York has managed over $2 billion in Florida public funds. For more information please visit www.wertzyork.com or www.corefund.net. Wertz York is located at 5502 North Nebraska Avenue, Tampa, FL 33604. Phone (813) 238-4800.
SOURCE Wertz York Capital Management Group
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