UCM Partners, a New York City-based boutique asset manager specializing in residential and commercial mortgage-backed securities, will be launching the UCM MBS Total Return Fund, its second mutual fund. The company filed on May 6 to launch the fund, which seeks to provide a high level of risk-adjusted current income and capital appreciation by investing in mortgage-backed securities.

The fund will be available in institutional shares with an expense ratio of 77 basis points and investor shares carrying a price tag of 102 bps.

U.S. Bancorp Fund Services, LLC is the fund’s administrator, fund accountant and transfer agent. The fund’s distributor is Quasar Distributors.

UCM offers one other mutual fund, the UCM Short Duration Fund. The filing for the new fund is set to become effective in 75 days.


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