Credit Suisse Warburg Pincus Funds, a wholly-owned subsidiary of Credit Suisse Asset Management, the U.S. asset management arm of the Credit Suisse Group of Zurich, filed a new small-cap fund Tuesday with the Securities and Exchange Commission.
The new fund, the Credit Suisse Warburg Pincus Small Company Fund, will invest in companies with market capitalizations that match the range of companies listed on the Russell 2000 Index, according to the fund's preliminary prospectus.
Credit Suisse Warburg Pincus currently offers three other small-cap funds including the Small Company Growth Fund, the Small Company Value Fund and the International Small Company Fund.
The new fund will will carry a 5.75% up front load for investments of $50,000 or less and will ratchet down the load a percentage point for investments between $50,000 to $100,000 and $100,000 to $250,000. Investments of $250,000 to $500,000 will carry a 2.50% load and investments of $500,000 to $1 million will carry a 2% load. Loads will be waived on investments of $1 million or more.
Class B-shares will offer a contingent deferred sales charge that will start at 4% and drop a basis point every year from the time of purchase. B-shares will automatically convert to A-shares after eight years, according to the prospectus. Class C-shares will carry a 1% CDSC.
Stephen Lurito and Roger Harris will co-manage the new fund. Lurito currently manages the Small Company Growth Fund.