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Contact: Rob Solt
563-288-2773 or 866-747-9030
For
Immediate Release: Tuesday, January 11, 2007
Pearl Total
Return Fund outperforms S&P 500 for 8 straight years
Muscatine, IA
– Both of the Pearl Mutual Funds, based in Muscatine, Iowa, outperformed
the Standard & Poor’s 500 Index again during 2006.
Pearl Total Return Fund
(PFTRX)
gained 20.67 percent and Pearl Aggressive
Growth Fund (PFAGX) gained 22.10 percent,
while the S&P 500 Index gained 15.79 percent.
Pearl Total Return Fund has
outperformed the S&P 500 for each of the last 8 years. Pearl
Aggressive Growth Fund likewise outperformed the S&P 500 each year
since this fund began operations July 2, 2001.
Pearl Funds’ combined net assets grew to
nearly $155 million at December 31, 2006.
Morningstar gives its
4-Star rating to both the 34½-year-old Pearl Total Return Fund
and the 5½-year-old Pearl Aggressive Growth Fund. 5-Stars is the
highest rating given by Morningstar, the independent mutual funds rating
service.
In the 5 years ended December
31, 2006, Pearl Total Return Fund gained 90.49% and Pearl
Aggressive Growth Fund gained 114.95%. The S&P 500 gained
35.05%. These 5-year gains are not annualized.
Pearl Total Return Fund’s
average annual gains for years 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 gains for years ended December 31, 2006 were: 1
year 22.10%, 3 years 19.22%, and 5 years 16.54%.
All these figures are total
returns, with all dividends reinvested. Pearl Funds total returns are
after deducting all expenses.
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 diversified
fund of funds that invests in shares of other mutual funds.
Both funds are no-load. An
investor does not pay a commission, sales charge, or redemption fee,
except a 2% fee if shares owned 30 days or less are redeemed.
For information on Pearl Mutual Funds,
go to
www.pearlfunds.com or call
toll-free 866-747-9030.
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 read and print it
at
www.pearlfunds.com.
Shares of both Pearl Funds are available
to residents of 42 states and the District of Columbia. 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 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.
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 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
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.
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.
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.
Morningstar classifies both Pearl Funds in
the World Stock category.
Pearl Total Return Fund was rated
against these numbers of World Stock funds for these periods: 417 funds
for the last 3 years, 328 funds for 5 years, and 154 funds for 10
years. Pearl Total Return Fund received Morningstar ratings of
5-Stars for the 10-year period, 4-Stars for 5 years, 4-Stars for the 3
years, and 4-Stars overall.
Pearl Aggressive Growth
Fund was rated against 417 World Stock funds over the last 3 years
and 328 World Stock funds over the last 5 years. Pearl Aggressive
Growth Fund received a Morningstar rating of 4-Stars for the 5 year
period, 4-Stars for the 3 years, and 4-Stars overall.
Morningstar
proprietary ratings reflect historical risk-adjusted performance as of
December 31, 2006. The ratings are subject to change every month. For
each fund with at least a 3-year history, Morningstar calculates a
Morningstar Rating based on a Morningstar Risk-Adjusted Return measure
that accounts for variation in a fund’s monthly performance (including
the effects of sales charges, loads, and redemption fees, if any),
placing more emphasis on downward variations and rewarding consistent
performance. Morningstar ratings are calculated from a fund’s 3-, 5-
and 10-year average annual returns (if applicable) in excess of 90-day
T-bill returns with appropriate fee adjustments, and a risk factor that
reflects fund performance below 90-day T-bill returns. The top 10% of
the funds in an investment class receive five stars, the next 22.5%
receive four stars, the next 35% receive three stars, the next 22.5%
receive two stars, and the bottom 10% receive one star.
# # # # #
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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