Franklin Templeton Expands ETF Lineup: Portfolio Products

Class A shares of the MainStay CBRE Real Estate Fund (CLARX) have a net expense ratio of 1.18%, while Class I shares (CRARX) have a net expense ratio of 0.83%. Class A shares of the MainStay CBRE Global Infrastructure Fund (VCRAX) have a net expense ratio of 1.27%, while Class I shares (VCRIX) have a net expense ratio of 0.97%.

“As we navigate late-cycle economic conditions, investors are increasingly seeking real assets strategies that offer an attractive combination of income, stability and growth potential over the long term,” according to Kirk Lehneis, New York Life Investment Management chief operating officer.

AlphaCentric Launches Energy Income Fund 

Mutual fund company AlphaCentric rolled out the AlphaCentric Energy Income Fund.

The fund trades on the Nasdaq in three share classes: I shares with a net expense ratio of 1.49% (AEIIX), A shares with a net expense ratio of 1.74% (AEIAX) and C shares with a net expense ratio of 2.49% (AEICX). There’s a minimum investment $1,000 for retirement plans and $2,500 for other portfolios.

The fund focuses on the “infrastructure necessary to help drive the energy transition, including midstream and renewable infrastructure companies,” the firm said. It is  sub-advised by Kayne Anderson Fund Advisors, a subsidiary of Kayne Anderson Capital Advisors, an alternative investment management firm with about $31 billion in assets under management across energy, infrastructure, real estate, credit and growth equity.

Positions taken by AEIIX are “based on the belief that 2020 marks the early stages of a massive transformation in global energy, as renewables take on an increasing role to meet rapidly growing energy demands,” the firm said. Investments focus on the infrastructure that it said is needed to “help drive this energy transition.”  Its positions in the equity and debt of midstream and renewable infrastructure companies are focused on achieving total return with an emphasis on current income, the company said.

Catalyst Funds Adds Catalyst/Teza Algorithmic Allocation Income Fund 

Alternative-focused mutual fund company Catalyst Funds launched the Catalyst/Teza Algorithmic Allocation Income Fund.

Class I shares (TEZIX) have a net expense ratio of 1.99%, while Class A shares (TEZAX) has a net expense ratio of 2.24% and Class C shares (TEZCX) has a net expense ratio of 2.99%.

Using an algorithmic machine learning technology designed by sub-advisor Teza Investments, the new fund invests in globally diversified multi-assets with a target risk exposure of 9% to 12% portfolio volatility, the firm said.

TEZIX provides diversified exposure, with investments across up to 39 major global asset classes, including equity indexes, government bond interest rates and commodities including energy, precious metals, base metals, agriculture and grains, it said.

The actively managed fund uses a trading strategy based on a “proprietary algorithm and rebalances positions and risk exposure, generally daily, in response to certain market conditions such as strong positive correlation between stocks and bonds or changes in that correlation,” Catalyst said. Its investments span up to 39 major global asset classes, including equity indexes, government bond interest rates and commodities including energy, precious metals, base metals, agriculture and grains.

— Check out last week’s portfolio product roundup here: Vanguard Lowers More Expense Ratios: Portfolio Products