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Contact: Rob Solt
563-288-2773 or 866-747-9030
For
Immediate Release: Monday, July 21, 2003
Pearl Mutual Funds Gain
12.42% and 19.90% in First Half of Year
Muscatine, IA – Pearl Total Return
Fund had a 12.42% total return during the first half of 2003
through June 30. Its sister fund, Pearl Aggressive Growth Fund, had a
19.90% total return for the same period. The total return of the
Standard & Poor’s 500 Index, including dividends reinvested, was 11.76%
for the same period.
On Friday, July 18, the year-to-date total
returns of the two Muscatine-based mutual funds had increased to 14.74%
for Pearl Total Return Fund and 24.30% for Pearl Aggressive Growth
Fund.
Pearl Total Return Fund had a 5.09% total
return for the three and one-half years through June 30, 2003, including
the three bear market years 2000-2002. The S&P 500 Index had a loss
(negative total return) of 30.27% during that same period.
Pearl Aggressive Growth Fund nearly broke
even, with a total return of -0.23% during its first two years through
June 30; this fund began operations July 2, 2001. During that two-year
period the S&P 500 Index had a loss of 17.78%.
Pearl Total Return Fund’s average annual
total returns for years ended June 30, 2003 were: 1 year -0.77%, 3 years
2.35%, 5 years 4.81%, and 10 years 8.57%.
Pearl Aggressive Growth Fund’s average
annual total returns for years ended June 30, 2003 were: 1 year 1.03%, and
2 years (from its inception) -0.11%.
Pearl Mutual Funds management includes David
M. Stanley, President; Robert H. Solt, Executive Vice President; and Kevin
J. Burns, Vice President of Investment Management.
Information on Pearl Mutual Funds may be
obtained by calling toll-free 866-747-9030 or on the funds’ Website:
www.pearlfunds.com.
Pearl Total Return Fund seeks long-term
total return for its investors. Pearl Aggressive Growth Fund seeks
long-term aggressive growth of capital. Each fund is a fund of funds
that invests in shares of other registered investment companies.
Both funds are no-load. This means an
investor in these two funds 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 read and download it at
www.pearlfunds.com
Shares of both Pearl Funds are available to
persons residing in 14 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.
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
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 sales were made only on a private basis. 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.
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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.
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