The team at a 21-year-old, $9.7-billion-AUM (as of July 31), New York City-based institutional fixed income asset manager is preparing to enter the mutual fund business later this week.

Yesterday, the folks at Ramirez Asset Management, Inc. (RAM) confirmed that this Friday, December 15, they will roll out their first two mutual funds: the Ramirez Core Bond Fund, and the Ramirez Government Money Market Fund. Both funds will be series of Advisor Managed Portfolios.

The RAM money fund will come in two flavors: a retail share class (RMZXX) with an expense ratio of 60 basis points; and institutional shares (RAMXX) for 35bps. Both expense ratios include an 8bps fee waiver promised through November 1, 2024.

The RAM bond fund will also come in two flavors: retail shares (RAMRX) for 75bps; and institutional shares for 50bps. Both expense ratios bake in a 27bps fee waiver promised through November 1, 2024.

RAM will serve as investment advisor to both new funds. And both funds will be managed by the same PM team: Alex Bud, senior vice president and assistant portfolio manager; Sam Ramirez, Jr., president and CEO; Louis Sarno, managing director and PM; and Helen Yee, SVP and PM.

The new funds' other service providers will include: Cohen & Company, Ltd. as independent accounting firm; Morgan, Lewis & Bockius LLP as counsel; ACA Foreside's Quasar Distributors, LLC as distributor; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, dividend disbursing agent, fund accountant, and transfer agent; and U.S. Bank National Association as custodian. 

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