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Rating:Wayne Hummer Unveils a Small Cap Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 16, 2008

Wayne Hummer Unveils a Small Cap Fund

News summary by MFWire's editors

Wayne Hummer Asset Management has taken the wraps off the Wayne Hummer Small Cap Core Fund. The fund, which hit the market in the first week of December, is the second mutual fund offering in Wayne Hummer's product menu and comes in two share classes. Class A shares sport an expense ratio of 127 bps and Class I shares come with an expense ratio of 101 bps. The fund's distributor is Northern Lights Distributors and Gemini Fund Services is the transfer agent.

Wayne Hummer has also secured selling agreements with Schwab and Fidelity for the product, said Todd Doersch, managing director at Chicago-based Wayne Hummer.

Fidelity alum Katherine Buck manages the fund.

"In today's volatile market environment, now more than ever, we believe that Kathy's thorough due diligence on individual stocks is a critical validation step that other approaches lack," Doersch said.
Company Press Release

LAKE FOREST, Ill., Dec. 16 /PRNewswire-FirstCall/ -- Wayne Hummer Asset Management Company, LLC, a subsidiary of Wintrust Financial Corporation ("Wintrust" or "the Company") (Nasdaq: WTFC - News), announced the December launch of the Wayne Hummer Small Cap Core Mutual Fund. The fund's current offering includes an "A" share class (WHSAX) and an "I" share class (WHSIX). The goal of the fund, managed by veteran small cap investor Katherine Buck, CFA and her team, is to outperform the Russell 2000 index over market cycles by identifying securities with superior total return potential. Ms. Buck brings over 12 years of investment management experience, the majority of which have been focused on small cap U.S. equities. During her career, Ms. Buck served as the manager of Fidelity Small Cap Value Fund. Under Ms. Buck's management, the fund was listed as a Wall Street Journal "Category King" in 2005, and Ms. Buck was named Jim Lowell's Fidelity Investor Fund Manager of the Year in 2006.

Ms. Buck stated "We believe the small cap market offers opportunities for active managers to find hidden gems." She described her team's process as "applying intensive security analysis to identify investment opportunities in companies with compelling business models. We look for stocks with low valuations where firms have strong or improving return on capital and solid balance sheets to protect equity holders through economic cycles."

Dan Cardell, President and CIO of Wayne Hummer Asset Management Company added, "We are pleased to announce the launch of the Wayne Hummer Small Cap Core Mutual Fund. We see enormous long-term potential in offering both retail and institutional clients an actively-managed diversified small cap product. Kathy's deep experience and track record in the small cap arena bode well for our latest product offering."

Before investing you should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other information is in the prospectus, a copy of which may be obtained by contacting your financial advisor. Please read the prospectus carefully before you invest.

There is no assurance that a mutual fund will achieve its investment objective. Funds are subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and that the value of fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund. Please be aware that this fund may be subject to certain additional risks.

An investment in the fund is subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of their respective index, known as non-correlation risk, due to operating expenses incurred by a fund and other factors. Funds may invest in foreign or emerging market securities, which involve certain risks and increased volatility not associated with investing solely in U.S. securities.
 

Edited by: Armie Margaret Lee


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