Twentieth Century Mutual Funds is publicly rolling out the series of three strategic asset allocation mutual funds it started earlier this year. The funds use up to 14 asset classes and investment styles.
Five clients are offering the funds as defined contribution plan options, including Ethan Allen Inc., Danbury, Conn., and Rocco Enterprises Inc., Harrisonburg, Va. Domestic and international equity portions of the portfolios are managed by Twentieth Century; fixed income and cash are managed by Benham Group.
The strategic funds use internally managed separate accounts, which are clones of existing mutual funds from each fund family, as the underlying investments, rather than a fund-of-funds construction.
Lead portfolio manager of the new series is Jeffrey Tyler.