PMC Diversified Equity Fund (PMDEX & PMDQX) and PMC Core Fixed Income Fund (PMFIX & PMFQX)
Two proprietary PMC mutual funds, PMC Diversified Equity Fund (PMDEX & PMDQX) and PMC Core Fixed Income Fund (PMFIX & PMFQX), are the basis of the PMC Select Strategic and Dynamic Portfolios. PMDQX and PMFQX are institutional share classes for the PMC Diversified Equity Fund and PMC Core Fixed Income Fund, respectively.
PMDEX is managed by Envestnet’s Quantitative Research Group (QRG) using a factor-based approach which aims to provide exposures to asset pricing factors that academic research has shown to be the primary drivers of excess return. These factors include value, momentum, and quality. While traditional stock picking is not part of the investment strategy for the fund, QRG actively manages allocations to factor exposures. PMDEX’s allocations to global equities follow PMC’s asset class portfolio weights for an aggressive (i.e. 100% equity) model.
For PMFIX, a group of experienced institutional asset managers were chosen to act as the funds’ sub-advisors, based on their ability to adhere to a risk-controlled process that seek to generate consistent excess returns over time. These sub-advisors also help control risk factors and sector exposures as well as isolate the managers’ stock selection abilities. PMC conducts rigorous quantitative and qualitative due diligence and monitoring on all included sub-advisors.
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