Modeled on Eagle’s established High Quality Taxable fixed-income separately managed accounts (SMA) portfolio, the Investment Grade Bond Fund seeks the capital preservation and portfolio stability that are fundamental to a conservatively managed fund, according to the firm. The new fund will generally invest in individual intermediate- and short-term securities that the portfolio managers believe offer returns similar to longer duration bonds with considerably less risk.
The benchmark for the Eagle Investment Grade Bond Fund is Barclays Capital Intermediate Government/Credit Index. The net expense ratio is estimated to be 0.85% for Class A shares, and share class pricing options are also available to serve the retirement-plan markets and for individual investors who meet certain eligibility requirements, the firm said.
In addition to the Class A share class (EGBAX), the Eagle Investment Grade Bond Fund is available in the following share classes: C (EBBCX), I (EGBLX), R-3 (ECBRX) and R-5 (EGBTX) shares. Eagle will market the new share classes through financial advisers and planners at broker/dealers, investment consulting firms, and defined contribution investment-only specialists.
The fund is co-managed by James Camp Joe Jackson.
More information is available at www.eagleasset.com.