Trustmark Investment Advisors, Inc., investment adviser to the Performance Funds family with approximately $2 billion in assets under management, has announced the introduction of the Performance Strategic Dividend Fund. This Fund, which will be sub-advised by Orleans Capital Management of New Orleans, complements the existing product line including funds in all three asset classes (equities, bonds and money markets) and a "fund of fund" offering called the Advisor LifeStyle Series. The Strategic Dividend Fund will offer investors income potential and equity exposure while also managing for protection against broad equity market declines. (Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.)
The Strategic Dividend Fund is a diversified portfolio of 45 to 65 equity holdings with an average market capitalization exceeding $40 billion. The Fund invests primarily in U.S. equities that exhibit specific yield characteristics and demonstrate commitment to a dividend policy supported by forecasted earnings growth. "One of the most exciting benefits of this equity strategy is the long-term growth investors may realize combined with the potential for income," said Douglas H. Ralston, President of Trustmark Investment Advisors, Inc.
Orleans Capital Management is the largest independent investment adviser in Louisiana with over $2.1 billion in assets under management. The New Orleans-based company has a distinguished representative client list that includes public employee retirement systems, insurance and institutional accounts, and foundations and endowments. Louis F. Crane, CFA, leads the team of investment personnel and has more than thirty years of investment experience. "Our investment approach for the Strategic Dividend Fund focuses on those large cap stocks that are supported by business fundamentals, such as earnings and revenue growth, which sustain dividend growth over the long term," said Crane, the company's Chief Investment Officer.
"We believe the strong investment experience Orleans Capital Management brings to this portfolio strategy will be beneficial to investors," Ralston added. "We are looking forward to a long-term partnership with the team at Orleans Capital."
An investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund's prospectus. To obtain a prospectus, please call 1-800-PERFORM. Please read the prospectus carefully before investing.
The Performance mutual funds are distributed by Performance Funds Distributor, Inc.
Mutual funds: - not FDIC insured - no bank guarantee - may lose value
About Trustmark:
Trustmark Investment Advisors, Inc. is a wholly owned subsidiary of Trustmark National Bank, a subsidiary of Trustmark Corporation (NASDAQ:TRMK). Trustmark Corporation is a financial services company providing banking and financial solutions through more than 145 offices and 2,450 associates in Mississippi, Tennessee, Florida, and Texas. For additional financial information, visit Trustmark's web site at www.trustmark.com.
About Orleans Capital Management Corporation:
Orleans Capital Management Corporation is a privately held independent investment advisor providing portfolio management services for clients, including Pension Funds, Foundations and Endowments, Insurance Companies and individuals. The Company is a registered investment advisor pursuant to the Investment Advisors Act of 1940 and meets the definition of an investment manager for plans subject to the Employee Retirement Income Security Act ("ERISA") of 1974 as amended.