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More Information
Pearl Mutual Funds are described
in a prospectus which contains more complete information.
Before investing, please read the prospectus and carefully
consider a Fund’s objectives, risks, charges, and expenses.
Anyone can request a prospectus by calling toll-free
866-747-9030, or can download and read it at
www.pearlfunds.com.
Shares of both Pearl Funds are
available to residents of 42 states and the District of
Columbia. This article is not an offer of or a solicitation of
an offer to buy either Fund, nor shall either Fund be offered or
sold to any person, in any jurisdiction in which the offer,
solicitation, purchase, or sale would be unlawful under its
securities laws.
Pearl Mutual Funds and Pearl
Management Company, the Funds’ Manager, cannot guarantee the
accuracy or completeness of any statement or numerical data in
this article.
Pearl Management Company, the
Funds’ Manager, has contractually agreed to reimburse each Pearl
Fund for all ordinary operating expenses (including management
and administrative fees) exceeding these expense ratios: 0.98%
of the Fund's average net assets up to $100 million and 0.78% in
excess of $100 million. The Manager’s reimbursement of expenses
that exceed the expense limit lowers the expense ratio and
increases the overall return to investors.
Pearl Total Return Fund’s average
annual total returns over various periods ended December
31, 2006 were:
1 year 20.67%, 3 years 16.29%, 5
years 13.76%, and 10 years 11.76%.
Pearl Aggressive Growth Fund’s
average annual total returns over various periods ended
December 31, 2006 were:
1 year 22.10%, 3 years 19.22%, and
5 years 16.54%.
DJ Wilshire 5000 Composite Index’s
average annual returns over various periods ended
December 31, 2006 were: 1 year 15.97%, 3 years 11.54%, 5 years
7.65%, and 10 years 8.67%.
MSCI World Index’s average
annual returns over various periods ended December 31, 2006
were: 1 year 20.07%, 3 years 14.68%, 5 years 9.97%, and 10
years 7.64%
S & P 500 Index’s average
annual returns over various periods ended December 31, 2006
were: 1 year 15.79%, 3 years 10.44%, 5 years 6.19%, and 10
years 8.42%.
The Funds’ total returns are net –
after deduction of all expenses (all fees, transaction costs,
etc.), including all expenses of each Fund and all expenses of
all the mutual funds in its portfolio. In contrast, the total
returns of the indexes do not reflect any deduction for expenses
(fees, transaction costs, etc.).
From July 1, 1972 through July 1,
2001, Pearl Total Return Fund’s shares were not registered under
the Securities Act of 1933 and only private sales were made.
The Fund began offering its shares to the public pursuant to an
effective registration statement on July 2, 2001.
The performance data represent
past performance and do not guarantee future results.
Investment return and principal value of an investment in each
Pearl Fund will fluctuate, so that an investor’s shares in the
Fund, when redeemed, may be worth more or less than their
original cost. Performance changes over time and may be
materially different by the time this article is read. For
recent performance information, go to
www.pearlfunds.com or call toll-free
866-747-9030.
All investments involve risk.
Even though the two Pearl Funds each invest in many mutual
funds, that investment strategy cannot eliminate risk.
Both Pearl Funds do not impose any
12b-1 fee. Some of the mutual funds in which the Funds may
invest may impose a 12b-1 fee.
The Standard & Poor’s (S&P) 500
Index is an unmanaged index of 500 stocks that is
market-capitalization weighted and is generally representative
of the performance of larger companies in the U.S. The Dow
Jones Wilshire 5000 Composite Index is an unmanaged index that
is market-capitalization weighted, includes all publicly-traded
U.S. common stocks headquartered in the U.S. with readily
available price data, and is generally representative of the
performance of the average dollar invested in U.S. common
stocks. The MSCI World Index is an unmanaged index that is
market-capitalization weighted and is generally representative
of the performance of the global (including U.S. and
international) market for common stocks. You cannot invest
directly in an index. |
