Neiman Funds prepares for June launch of Neiman Tactical Income Fund

By Toni Weeks

San Diego, March 16 - Neiman Funds announced in an N-1A filing with the Securities and Exchange Commission its plans to launch the Neiman Tactical Income Fund in early June.

The fund will launch with class A shares. The ticker symbol has not yet been set.

The fund will seek total return with capital preservation as a secondary objective by investing in a portfolio of open-end investment companies and/or exchange-traded funds that hold fixed-income securities.

Under normal circumstances, the fund will target high-yield corporate bonds as its primary asset class. The fund may also invest in mutual funds and/or ETFs that hold other fixed-income categories, such as multi-sector bonds, foreign and emerging market bonds, government bonds, bank loans or world bonds.

Up to 50% of the fund's assets may be invested in mutual funds and/or ETFs that primarily hold convertible bonds or preferred stocks.

Edgar R. Page, Joseph Arena and Kyle Webber will serve as the portfolio managers, with Page as lead manager.

Shares will be subject to a 5.75% maximum sales charge. The management fees will run 1%, with distribution and service (12b-1) fees pegged at 0.25%. The total annual fund operating expenses have not yet been determined, although there will be a fee waiver agreement that expires July 31, 2013.

PageOne Funds Management, LLC will serve as the investment subadviser. Williamsville, N.Y.-based Neiman Funds Management LLC will be the fund's investment adviser.

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