Portfolio Manager George Cipolloni Analyzes Tariff Concerns, Tech Troubles and Market Volatility on Schwab Network “Morning Trade Live”
March 14, 2025

Portfolio Manager George Cipolloni appeared on Schwab Network Morning Trade Live to discuss recent market volatility and shifting investment trends. He shared insights on the market’s sharp reactions to headlines, rotation from high-growth stocks to stability-focused sectors and the importance of tangible fundamentals. George also highlighted opportunities in small-caps and select industries benefiting from sustained capital expenditures.
Watch George’s full interview on Schwab Network here.
Important Information
The information contained herein has been prepared solely for informational purposes. It is subject to change without notice and it is not intended as an offer or solicitation of Penn Mutual AM 1847 Income Fund (PMEFX) nor any other products or services offered by PMAM. Please note this information has been prepared as a general summary without consideration of any specific investors, thus please do not use this material solely to make any investment decisions.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For the full prospectus, which contains this and other information about the Fund, please visit www.pennmutualam.com/strategies/balanced-income-strategy. Investors should read the prospectus carefully before investing.
Click here to view Fund performance. Past performance does not guarantee future results.
The Fund is distributed by SEI Investments Distribution Co. (SIDCO) at 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Penn Mutual Asset Management.
Investing involves risk, including possible loss of principal. The Fund’s investment risks include, but are not limited to, interest rate, inflation, credit and default risk associated with fixed income securities. In addition, high yield bonds have a higher risk of default or other adverse credit events. Other risks include, but are not limited to, equity risk, preferred stock risk, allocation risk, conflicts of interest risk, counterparty credit risk, foreign investments risk, high portfolio turnover risk, liquidity risk and volatility risk. There is no guarantee the Fund will achieve its stated objective. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.