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Pearl
Aggressive
Growth Fund
Pearl Aggressive Growth Fund is a fund
of funds that invests in shares of
registered investment
companies — open end mutual funds.
Objective
This
Fund's investment
objective is to seek long-term aggressive growth of capital.
Strategy
Pearl
Aggressive Growth
Fund seeks to achieve its objective by
being fully invested (95% or more of net assets) in equity mutual
funds whose objective is growth or capital appreciation.
This
Fund almost never takes a temporary defensive position, although it has
the ability to do so if
Management determines that extreme circumstances
exist.
Under normal market conditions, the Fund holds equity mutual funds with
value, growth, or blend investment styles and funds with small-cap,
mid-cap, or large-cap investment styles. There is no limit on these
investment styles. The allocation among mutual funds using these various
investment styles may vary greatly depending upon
Management's assessment of the stock markets. The Fund may
hold mutual funds that invest in foreign securities and emerging markets
securities.
In
comparison to Pearl Total Return Fund, Pearl Aggressive Growth Fund:
-
Expects
to seek a higher total return and have a higher degree of risk and
volatility;
-
Is
likely
to invest more of its assets in funds with an aggressive-growth
style; and
-
Is
likely to give more weight to recent performance and momentum of
specific mutual funds and categories of funds.
|
Fund
Information |
|
Ticker Symbol: |
PFAGX |
|
Inception
Date: |
July
2, 2001 |
|
Minimum
Investment: |
Regular Account |
$ 5,000 |
|
|
IRA Account |
$ 2,000 |
|
|
Automatic
Investment Plan |
$ 1,000 |
|
Minimum
Subsequent Investment: |
$ 100 |
|
Sales Charge: |
None |
|
Redemption
Fee (except a 2% redemption fee if you sell shares owned for 30
days or less) |
None |
|
Expense Ratio: (actual, year ended
12-31-07) |
2.04%* |
|
Fund Data
as of 4-30-08 |
|
Number of Mutual Funds in Portfolio: |
11 |
|
Net Assets of this Fund: |
$ 64.5 million |
Pearl Aggressive Growth Fund
is no-load. No sales charge or commission is deducted. There is no
redemption fee. (However,
to help protect long-term shareholders and discourage frequent
trading of Fund shares, a 2% redemption fee is charged if a
shareholder sells shares owned for 30 days or less.)
The Fund does
not impose any 12b-1 fee. Some of the mutual funds in which the
Fund may invest may impose a 12b-1 fee.
The Fund’s
investments in most mutual funds are generally large enough to take
advantage of sales load waivers on large purchases. Thus, the Fund is
able to select no-load investments from a very wide range of
funds ― even though many of those funds would require most investors to
pay a sales load. The Fund also holds shares of some mutual funds that
are now closed to most new investors.
*
Pearl Management Company, the Funds’ Manager, has
contractually agreed to reimburse each 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; 0.78% in excess of $100 million. When the Manager has
reimbursed a Fund for expenses in excess of this limit, the Manager may
recover the reimbursed amounts, for a period that does not exceed five
years, to the extent this can be done without exceeding the expense
limit. The agreement to limit the Funds' ordinary operating
expenses is limited to the Funds' direct operating expenses and,
therefore, does not apply to Acquired Fund (Portfolio Funds) Fees and
Expenses, which are indirect expenses incurred by the Funds through
their investments in the underlying portfolio funds. This expense limit does not have an expiration date, and will
continue unless a change is approved by the Funds’ Board of Trustees.
The Manager’s reimbursement of expenses that exceed the expense limit
lowers the expense ratio and increases the overall return to investors.
Please read the
Prospectus
for complete information
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