M.D. Sass Introduces M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund as a Potential Alternative for Short-Term Income-Oriented Securities

NEW YORK, Aug. 23, 2011 /PRNewswire/ -- M.D. Sass Investors Services, Inc. ("M.D. Sass") is pleased to introduce the M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund (the "Fund").  The Fund is a short-term, liquid mutual fund (ticker: MDSIX) building on M.D. Sass' 18 year record of managing similar fixed income portfolios for institutional investors.  The Fund seeks high interest income while preserving capital in adverse markets and providing capital appreciation.  The Fund aims to be a value-added alternative to other short-term income-oriented securities.  The Fund officially launched on June 30th, 2011 and today has over $70MM in assets.

The Fund targets 100% in the highest yielding U.S. Government and U.S. Government Agency-Backed securities with 1 to 3 year durations; thereby investing only in high quality securities and endeavoring to reduce interest rate risk.  Through rigorous analysis, M.D. Sass selects only highly liquid securities with quantifiable stable cash flows* and stress tests the portfolio under extreme adverse economic and market conditions to identify, measure and control risks.  

For more information on the M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund, please call 1-855-MDS-FUND (637-3863) or visit www.mdsassfunds.com.

*Cash flow represents interest and principal payments of the underlying securities. For principal, it includes both scheduled and unscheduled (i.e. prepayment) return of principal.

About M.D. Sass

M.D. Sass has been a leading name in investment management since 1972.  Today, the M.D. Sass organization has over $7 billion in assets under management and employs over 120 people.  M.D. Sass offers both traditional and alternative investment strategies in the form of separately managed accounts, mutual funds, hedge funds and private equity funds.  The firm's clients include major corporations, financial institutions, state and local governments, endowment funds, foundations, Taft Hartley funds and high net worth individuals.  Please visit www.mdsass.com for more information on M.D. Sass.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The Fund's prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-855-MDS-FUND (637-3863) or visiting www.mdsassfunds.com.  Please read it carefully before you invest.

Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. However, the Fund only intends to invest in 1 to 3 year duration securities. Investments in U.S. Agency Mortgage Backed Securities include additional risks that investors should be aware of such as prepayment risk, extension risk, and possible illiquidity.

The Fund is distributed by Quasar Distributors, LLC.

SOURCE M.D. Sass