More
information related to the newspaper article above
Pearl Mutual
Funds are described in a Prospectus which contains more complete
information, including fees and expenses. Any investor should read
the Prospectus carefully before investing or sending money. Anyone
can request a Prospectus by calling toll-free 866-747-9030, or can
read and download it on the Prospectus page of this Website. Any
reprint of the article above is not authorized for distribution
unless preceded or accompanied by a current Prospectus.
Shares of both
Pearl Funds are available to persons residing in 23 states
(including Iowa and Illinois) and the District of Columbia. The
article above (and anything on this Website) 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 law. The Funds are offered only to residents of the
United States.
Pearl Mutual
Funds and Pearl Management Company, the Funds’ Manager, cannot
guarantee the accuracy or completeness of any statement or numerical
data in the article above. Any discussion of investment strategy,
shareholder services, and other items noted in the article
represents the views of Management at the time of this article and
are subject to change without notice.
Pearl Total
Return Fund seeks long-term total return for its investors. Pearl
Aggressive Growth Fund seeks long-term aggressive growth of
capital. Each is a fund of funds that invests in shares of other
registered investment companies.
Both Pearl Funds
are no-load. This means an investor does not pay a commission,
sales charge, or redemption fee.
Both Pearl Funds
do not impose any 12b-1 fee. However, some of the mutual funds in
which the Funds may invest may impose a 12b-1 fee.
Limits on expenses.
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 a 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.
Management of
Pearl Mutual Funds and Pearl Management Company includes David M.
Stanley, President; Robert H. Solt, Executive Vice President; and
Christopher A. Hoffman, Senior Portfolio Manager.
Pearl Total
Return Fund’s average annual
total returns for years ended Sept. 30, 2004 were:
1 year 17.99%, 5
years 9.32%, and 10 years 10.60%.
Pearl Aggressive
Growth Fund’s average annual
total returns for years ended September 30, 2004 were: 1
year 17.11%, and 3 years 14.11%.
Total return
means total growth of the investment, with all dividends and
distributions (including capital gains) reinvested.
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 the above information is read. For recent performance
information, go to the Performance pages on this Website or call
toll-free 866-747-9030.
All investments
involve risk. Even though Pearl Total Return Fund and Pearl
Aggressive Growth Fund each invest in many mutual funds, that
investment strategy cannot eliminate risk.
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.
Description of Indexes:
The Dow Jones
Wilshire 5000 Index is an unmanaged index that is
market-capitalization weighted, includes all publicly-traded U.S.
common stocks 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. The Value Line (Geometric) Index is an
unmanaged index that equally weights a broad range of
publicly-traded U.S. common stocks included in The Value Line
Investment Survey and is generally representative of the performance
of the average U.S. common stock. 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 EFPA (Lipper Equity Funds Performance
Analysis is an unmanaged and unweighted average of the
total return performance of all equity-oriented mutual funds as
classified and calculated by Lipper Inc. The All Long-Term Taxable
Funds Average (Lipper) is an unmanaged and unweighted average of the
total return performance of all long-term taxable mutual funds as
classified and calculated by Lipper Inc.
You cannot invest
directly in an index.
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.
You cannot invest directly in an index.
