Academy Securities Announces New Money Market Funds

NEW YORK -- Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the launch of the Academy Share Class of the JP Morgan U.S. Treasury Securities Money Market Fund (JACXX) and JP Morgan U.S. Treasury Plus Money Market Fund (JPCXX).

Like the JPAXX and JGAXX share classes launched in May 2019, the product offerings deliver the experience, expertise, and performance of the JP Morgan Asset Management team, while serving as a solution to cash management investors who share in the support of Academy Securities’ social mission to mentor, train, and hire transitioning veterans. The partnership between JPM and Academy exemplifies the intersection between capabilities and authentic diversity.

The JP Morgan 100% U.S. Treasury Securities Money Market Fund (JACXX) seeks maximum current income consistent with maximum safety of principal and maintenance of liquidity by investing in obligations of the U.S. treasury, which includes treasury bills, bonds, and notes. The JP Morgan U.S. Treasury Plus Money Market Fund (JPCXX) seeks current income with liquidity and stability of principal by investing in U.S. treasury bills, notes, bonds, and other obligations issued or guaranteed by the U.S. treasury and repurchase agreements collateralized by such obligations. The Academy Share Class of the JP Morgan Money Market Funds are managed by JP Morgan Asset Management.

“We are very excited to launch the treasury money market fund share classes, as many of our clients have a need for a treasury only investment strategy” stated Academy’s Chairman and CEO Chance Mims. “The opportunity to meet the needs of our growing list of customers is paramount to us at Academy”.

“By investing in these new funds, our clients will be able to positively impact returning veteran heroes by giving them a chance at a career in financial services,” said Phil McConkey, President of Academy Securities. “We are grateful that JP Morgan has partnered with us to help fulfill this mission”.

About Academy Securities

Academy Securities is a preeminent disabled veteran owned investment bank with strength in capital markets, public finance, and fixed income and equity trading. Leadership and staff have had intensive military training prior to entering and gaining in depth financial services experience in global capital markets. We are mission driven with a high ethical code, a solid sense of accountability and strive for excellence in the pursuit of our clients’ success. Intellectual assets, strong visionary leaders and a proud team commitment bring out the best in each other for the benefit of our clients. Academy is our nation’s first and only post-9/11 disabled veteran owned investment bank and is certified as a DVBE, SDVOSB, and MBE. The firm has offices in New York, San Diego, Chicago, Los Angeles, Chapel Hill, Charlotte, Sacramento, Atlanta, and Kansas City. Information about Academy Securities is available at www.academysecurities.com.

Member FINRA | SIPC | MSRB Certified DVBE | MBE | SDVOSB