SAN DIEGO, July 2, 2015 /PRNewswire/ -- Lucia Capital Management ("the Firm"), an institutional money manager specializing in managing a diversified portfolio of multi-sector alternative investments, today announced that its flagship fund, the Multi-Strategy Growth and Income Fund (the "Fund" or "MSGI") has surpassed $200 million in net assets. The Fund seeks to achieve long-term returns that are non-correlated to the broader equity and fixed income markets while providing investors with monthly distributions. Lucia Capital Management is affiliated with Lucia Capital Group, a family of companies in the wealth advice and asset management space, with financial advisors that oversee approximately $2 billion in fee-based, brokerage, fixed insurance and variable insurance assets.
As part of this announcement, the Firm also reported that MSGI recently celebrated its third year of operations, establishing a multi-year track record that positions the Fund for increased adoption by distribution platforms across the country.
MSGI is registered as a continuously offered '40 Act closed-end interval fund featuring an annualized 6% managed distribution policy, paid monthly, and quarterly redemptions of up to 5% of shares outstanding. The Fund gives investors access to alternative income strategies that seek to provide greater yields and growth opportunities than traditional investments without requiring the high minimum investment that such alternative investment strategies often entail.
The Fund seeks a multi-strategy approach to investing by diversifying capital across various alternative investments including traded and non-traded real estate investment trusts (REITs), equity income investments, business development companies (BDCs), private placements, and other asset classes.
The Fund is available in four distinct share classes to provide clients with flexible investing options: A and L shares, which carry upfront loads with breakpoints and trailing commissions, C shares, which have no load, and I shares, which are institutional shares.
Raymond J. Lucia Jr., Chairman of Lucia Capital Group, CEO of Lucia Capital Management and Co-Portfolio Manager of the Fund, said, "We are very pleased to announce that the Multi-Strategy Growth and Income Fund has exceeded $200 million in net assets and now has a three-year track record, a vital set of milestones that we believe will help drive further adoption across the investment distribution space. From the beginning, we have sought to manage MSGI as an attractive vehicle for investors with an appetite for alternative investments who are seeking active management and broad diversification. At this size I believe we will continue to see opportunities to deliver investors with access to both institutional and boutique investment opportunities generally only available to ultra-high net worth investors, family offices and endowments. We carefully combine these strategies as we seek to achieve consistent current distributions and a total return objective that is non-correlated to the broad stock and bond markets."
Mr. Lucia concluded, "In this low interest rate environment, we believe the Fund's ongoing growth shows that financial advisors and investors alike recognize MSGI's value in providing access to alternative investments in a '40 Act fund structure along with its diversification and income-generating potential."
About Lucia Capital Group
Headquartered in San Diego, California, Lucia Capital Group, led by its Chairman, Ray Lucia, Jr., encompasses a family of companies across multiple lines of financial services businesses, including wealth advisory, asset management, investment platform, and product origination. Through its subsidiaries, Lucia Securities, LLC and Lucia Wealth Services, and its affiliate, Lucia Capital Management, the Firm offers wealth advisory services and a wide range of investment options. Through its subsidiaries and affiliates, Lucia Capital Group oversees approximately $2.0 billion in fee-based, brokerage, fixed insurance, and variable insurance assets. An affiliated partner company of the Firm's asset management business, Lucia Capital Management, manages The Multi-Strategy Growth & Income Fund (NASDAQ: MSFDX). With offices and meeting locations nationwide, Lucia Capital Group is committed to helping clients achieve their financial goals. For more information, please visit www.luciacap.com.
As of December 31, 2014, client assets managed by Lucia Wealth Services totaled $261,807,874 in discretionary accounts and $237,006,546 in non-discretionary accounts. In addition, their investment advisor representatives, in their separate capacities as Lucia Securities, LLC registered representatives, oversee $1,254,292,705 of assets in non-discretionary, traditional commission-based accounts. All services provided through Lucia Securities, LLC are non-discretionary. Their investment advisor representatives, in their separate capacities as licensed insurance agents, oversee $146,666,905 in fixed-annuity products. As of December 31, 2014, Lucia Capital Management had $196,218,276 in discretionary assets under management.
Lucia Capital Group is the holding company for three wholly owned subsidiaries: Lucia Securities, LLC, a registered broker/dealer, member FINRA/SIPC; Lucia Wealth Services, a registered investment advisor; and Lucia Management Company.
Lucia Capital Management, an affiliate of Lucia Securities, LLC, is a registered investment advisor and is under common ownership and control with Lucia Capital Group.
Limited liquidity is provided to shareholders only through the Fund's quarterly repurchase offers for up to 5% of the shares outstanding at net asset value (NAV). There is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund's NAV.
Distributions through the managed distribution policy are not guaranteed. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. Past performance does not guarantee future results.
Mutual funds involve risk including loss of principal. Alternative investment funds, ETFs, mutual funds, and closed end funds are subject to management and other expenses, which will be indirectly paid by the Fund.
An alternative investment is an investment that is not one of the three traditional asset types (stocks, bonds, or cash). Most alternative investment assets are held by institutional investors or accredited, high-net-worth individuals because of their complex nature, limited regulations, and relative lack of liquidity. Alternative investments include hedge funds, managed futures, real estate, commodities, and derivatives contracts. Issuers of debt securities may not make scheduled interest and principal payments, resulting in losses to the Fund. The use of leverage, such as borrowing money to purchase securities, will cause the Fund to incur additional expenses and will magnify the Fund's gains or losses. There currently is no secondary market for the Fund's shares, and the Fund expects that no secondary market will develop. The Fund will not invest in real estate directly, but, because the Fund will concentrate its investments in securities of REITs, its portfolio will be significantly impacted by the performance of the real estate market.
Interval Fund: A type of investment company that periodically offers to repurchase its shares from shareholders.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Multi-Strategy Growth & Income Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (800) 644-1150. The prospectus should be read carefully before investing.
The Multi-Strategy Growth & Income Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Northern Lights Distributors is not under common ownership or control with Lucia Capital Group, its subsidiaries or affiliates. 2326-NLD-6/30/2015
SOURCE Lucia Capital Group