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Contact: Rob Solt
563-288-2773 or 866-747-9030
For
Immediate Release: Monday, January 5, 2004
Pearl Mutual Funds Gain
53.36% and 35.73% in 2003
Muscatine, IA
– Both of the Iowa-based Pearl Mutual Funds outperformed the Standard &
Poor’s 500 Index during 2003.
Pearl Aggressive Growth Fund gained
53.36 percent and Pearl Total Return Fund gained 35.73
percent in 2003. The S&P 500 Index gained 28.69 percent in the same
year. All these figures are total returns, with all dividends reinvested.
Pearl Aggressive Growth Fund gained
27.61 percent during its first 30 months through December 31, 2003.
This fund began operations July 2, 2001. The S&P 500 Index lost (5.33
percent) during that same period.
Pearl Aggressive Growth Fund’s average
annual total returns for years ended December 31, 2003 were: 1 year
up 53.36 percent and 2 years up 12.64 percent.
Pearl Total Return Fund gained 26.88
percent during the last four years through December 31, including the
three bear market years 2000-2002. The S&P 500 Index lost (19.71
percent) in that period.
Pearl Total Return Fund’s average
annual total returns for years ended December 31, 2003 were: 1 year up
35.73 percent, 2 years up 10.06 percent, 5 years up 10.01 percent, and 10
years up 9.98 percent.
Pearl Mutual Funds management includes
David M. Stanley, President; Robert H. Solt, Executive Vice President;
Kevin J. Burns, Vice President of Investment Management; and Christopher
A. Hoffman, Vice President.
For information on Pearl Funds, call
toll-free 866-747-9030 or go to the funds’ Website:
www.pearlfunds.com.
Pearl Total Return Fund seeks long-term
total return for 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 funds are no-load. An investor does
not pay a commission, sales charge, or redemption fee.
More Information
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 download and read it at
www.pearlfunds.com.
Shares of both Pearl Funds are available to persons residing in 17 states,
including Iowa and Illinois. This announcement 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.
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.
The performance data show 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 announcement is read. For recent
performance information, go to
www.pearlfunds.com 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.
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.
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.
Total
return means total growth of the investment, with all dividends and
distributions (including capital gains) reinvested. The Standard & Poor’s
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.
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NOTE TO NEWS MEDIA:
Graphs and tables showing recent comparative performance of both Pearl
Funds, plus the complete prospectus and other information, are available
at
www.pearlfunds.com.
If you did not receive
this release by e-mail, we will gladly e-mail it to you. Please send your
e-mail address to
rsolt@pearlfunds.com.
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