Purveyors of the Iron Horse Fund (IRHAX/IRHIX), a mutual fund deploying a signature covered call investment strategy, have announced a reduction in fees for the fund.

The fund, which is sub-advised by Van Hulzen Asset Management, a Folsom, Calif.-based registered investment advisor and distributed by Northern Lights Distributors, is reducing its management fee by 50 basis points to 75 bps, effective July 1.

“By reducing the fund management fee from 125bp to 75bp, we are reducing the costs to our investors and improving our competitive position within the industry,” according to Craig Van Hulzen, founder Van Hulzen.

“An income strategy is especially relevant in today’s low yield and volatile investment landscape, and with the support of NLD and Gemini, we believe we are now better positioned to grow our assets.”

The Iron Horse Fund was launched in July 2011 and managed slight some $29 million as of June 28, according to Bloomberg.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.