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Contact: Rob Solt
563-288-2773 or 866-747-9030
For
Immediate Release: Monday, April 12, 2004
Pearl Mutual Funds Gain
5.89% and 5.59% in
1st
Quarter
Muscatine, IA – Both of the
Iowa-based Pearl Mutual Funds outperformed the Standard & Poor’s 500 Index
during the first quarter of 2004.
Pearl Aggressive Growth Fund gained 5.89
percent and Pearl Total Return Fund gained 5.59 percent
during the three months through March 31, 2004. The S&P 500 Index gained
1.69 percent in the same period. All these figures are total returns,
with all dividends reinvested.
Pearl Aggressive Growth Fund gained 35.13
percent during its first 33 months through March 31, 2004. This fund
began operations July 2, 2001. The S&P 500 Index lost (3.72 percent)
during that same period.
Pearl Aggressive Growth Fund’s average
annual total returns for years ended March 31, 2004 were: 1 year up
71.39 percent and 2 years up 12.92 percent.
Pearl Total Return Fund gained 28.38
percent during the last four years through March 31, including the
bear market of 2000-2002. The S&P 500 Index lost (20.05 percent)
in that period.
Pearl Total Return Fund’s average annual
total returns for years ended March 31, 2004 were: 1 year up 49.62
percent, 2 years up 10.26 percent, 5 years up 11.04 percent, and 10 years
up 10.88 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 diversified 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. Please read the prospectus carefully before
investing or sending money. To obtain a prospectus, call toll-free
866-747-9030 or go to
www.pearlfunds.com.
Shares of
both Pearl Funds are available to persons residing in 22 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 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.
Performance is historical
and does 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. 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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