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Contact: Rob Solt
563-288-2773 or 866-747-9030
For
Immediate Release: Wednesday, August 3, 2005
Both Pearl Mutual Funds Outperform S&P
500 through July
Both Pearl Funds now have 5-Star rating by Morningstar
Net Assets Rise Above $112 Million
Muscatine, IA
– Both of the Pearl Mutual Funds, based in Muscatine, Iowa, outperformed
the Standard & Poor’s 500 Index during the first 7 months of 2005 --
Pearl Aggressive Growth Fund
(PFAGX)
gained 7.25 percent and Pearl Total
Return Fund (PFTRX)
gained 5.56 percent, while the S&P 500 Index gained only
2.88 percent.
Pearl Funds’ combined net assets grew to
$112,932,706 at July 31, 2005.
Morningstar continues its
5-Stars rating of the 33-year-old Pearl Total Return Fund.
Morningstar has now increased its rating of the 4-year-old Pearl
Aggressive Growth Fund to 5-Stars. 5-Stars is the highest rating
given by Morningstar, the independent mutual funds rating service.
Both Pearl Mutual Funds strongly
outperformed the Standard & Poor’s 500 Index during the 12 months ended
July 31, 2005:
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Pearl Aggressive Growth Fund (PFAGX)
had a 27.56% total return.
-
Pearl Total Return Fund (PFTRX)
had a 20.48% total return.
-
S&P 500 Index, including dividends
reinvested, had a 14.05% total return.
Pearl Aggressive Growth
Fund’s average annual gains for years ended July 31, 2005
were: 1 year 27.56% and 3 years 22.49%, while the S&P
500’s gains were: 1 year 14.05% and 3 years 12.61%.
Pearl Total Return Fund’s
average annual gains for years ended July 31, 2005 were: 1
year 20.48%, 3 years 17.66 percent, 5 years 9.59
percent, and 10 years 11.10 percent. The S&P 500’s average
annual gains were: 1 year 14.05%, 3 years 12.61%,
5 years down (1.35%), and 10 years
9.98%.
All these figures are total
returns, with all dividends reinvested. Pearl Funds total returns are
after deducting all expenses.
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: 293 funds
in the last 3 years, 218 funds in 5 years, and 80 funds in 10 years.
Pearl Total Return Fund received Morningstar ratings of 5-Stars for
the 5- and 10-year periods, 4-Stars for 3 years, and 5-Stars overall.
Pearl Aggressive Growth
Fund was rated against 293 World Stock funds over the last 3 years:
Pearl Aggressive Growth Fund received a Morningstar rating of
5-Stars for the 3 years and 5-Stars overall.
Pearl Mutual Funds management
includes David M. Stanley, President; Robert H. Solt, Executive Vice
President; and Chris Hoffman, Senior Portfolio Manager.
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 registered investment
companies.
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 persons residing in 34 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.
The performance data represent past
performance 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
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.
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.
Morningstar proprietary ratings reflect
historical risk-adjusted performance as of July 31, 2005. 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), 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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