PFM Asset Management is pleased to announce that the three sub-advised mutual funds: the PFM Multi-Manager Domestic Equity, PFM Multi-Manager International Equity and PFM Multi-Manager Fixed-Income funds (collectively known as “the Funds”) achieved a 3-year track record, effective 05/16/21.
Over the three years since the investment strategy was implemented, the Funds have each performed well versus their respective benchmarks. As of May 16, 2021, the Domestic Equity Fund produced an annualized return of 17.30% versus the Russell 3000 return of 17.42%, the International Equity Fund produced an annualized return of 7.49% versus the MSCI-ACWI ex-US return of 6.54%, and the Fixed Income Fund produced an annualized return of 5.38% versus the Bloomberg Barclays US Bond Aggregate return of 5.20%. All fund returns are net of fees.
John Spagnola noted, “We launched the MMST Funds with the goal of leveraging our research capabilities to help provide our clients with the best possible investment experience. After three years, the performance of these funds, relative to benchmarks and peers, is a proof statement that our original thesis was correct. We are very excited about what the future will bring.”
Each Fund employs varying levels of passive index management and multiple, highly skilled third-party investment managers in a manager of managers structure to build diversified portfolios for clients or for direct investments by institutional investors. The goal seeks to provide investors with well diversified, core funds seeking better risk-reward outcomes.
At PFM, more than 600 employees - asset managers, financial advisors and consultants - partner with clients in every region of the country to transform their world. We combine superior financial advice, disciplined management, and ingenuity to build, power, move and educate.
PFM is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation.
For more information regarding PFM's services or entities, please visit www.pfm.com. For important disclosure information, please visit www.pfm.com/disclosures.