Lake Oswego, OR (PRWEB) September 9, 2009
The Auxier Focus Fund, marked a decade milestone by sweeping past its Lipper category and the S&P 500 Index (7/9/2009 10 Year Annualized returns: Lipper Multi-Cap Value Category 0.80%; S&P 500 Index -3.28%; AUXFX 4.34%). Founder and manager Jeff Auxier says, "The Fund not only outperformed during the last decade, it cumulatively beat the market by 78 percentage points and outperformed in the six months to June 30, 2009." (returning 6.02% versus 3.16% for the S&P 500) Auxier, who is also a profitable Oregon farmer says, "We stick to the Benjamin Graham approach, which encourages a manager to wait for compelling bargains without the pressure to be fully invested all the time." Auxier's principles help the fund defy statistics that show most funds are: underperforming the market (Time magazine April 20, 2009, SEC Staff speech, April 2, 2009); do not invest in their funds (Morningstar 6/16/2008); have managers with less than 10 years experience (Morningstar 6/2009). Auxier invests more than 2 million dollars of his own money into AUXFX, will not sell a single share while still manager, has nearly three decades of experience, and can report the following:
- AUXFX average annual returns (as of 6/30/2009 for the 1 year, 5 year and since inception (7/9/1999) were -10.92%, 1.24% and 4.56% respectively. The S&P 500 Index returns for the same time periods were -26.21%, -2.24% and -2.45% respectively.)
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For the most recent month-end performance, please call (877) 328-9437 or visit the Fund's website. As stated in the current prospectus, the Fund's annual operating expense ratio (gross) is 1.35%. The Fund's adviser has contractually agreed to maintain the total annual operating expenses at 1.35% which is in effect until October 31, 2009. Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. Please refer to additional important disclosure at the end of this release.
- AUXFX Outperforms S&P and Lipper Peer Category (Multi-Cap Value) across all time periods on 10 Year Anniversary (July 9, 2009) (as of 7/9/2009 AUXFX annualized returns for the 1, 3, 5 and 10 year periods were -11.69%, -2.42%, 1.18% and 4.34% respectively. The S&P 500 Index returns for the same periods were -27.43%, -9.77%, -3.00% and -3.28% respectively and the Multi-Cap Value Category returns for the same periods were -27.68%, -11.96%, -2.85% and 0.80% respectively.)
- Overall 5 Star designation from Morningstar (Overall Morningstar rating as of 8/31/2009 out of 950 Moderate Allocation Funds. Derived from a weighted average of the risk adjusted performance figures associated with the Fund's 3, 5 and 10 year Morningstar Rating metrics.)
Auxier Focus Fund
Media: Shirley Hancock: shirley.hancock(at)comcast.net 503.781.4234
Fund returns (i) assume the reinvestment of all dividends and capital gain distributions and (ii) would have been lower during the period if certain fees and expenses had not been waived. Performance shown is for the Fund's Investor Class shares; returns for other share classes will vary. Performance for Investor Class shares for periods prior to December 10, 2004 reflects performance of the applicable share class of Auxier Focus Fund, a series of Unified Series Trust (the "Predecessor Fund"). Prior to January 3, 2003, the Predecessor Fund was a series of Ameriprime Funds. The performance of the Fund's Investor Class shares for the period prior to December 10, 2004 reflects the expenses of the Predecessor Fund. The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. One cannot invest directly in an index. Foreside Fund Services, LLC, distributor.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling (877) 328-9437 or visiting the Fund's website. Please read the prospectus carefully before you invest.
The Fund may invest in value and/or growth stocks. Investments in value stocks are subject to risk that their intrinsic value may never be realized and investments in growth stocks may be susceptible to rapid price swings, especially during periods of economic uncertainty. In addition, the Fund may invest in smaller companies which generally carry greater risk than is customarily associated with larger companies for various reasons such as narrower markets, limited financial resources and less liquid stock. Moreover, if the Fund's portfolio is overweighted in a sector, any negative development affecting that sector will have a greater impact on the Fund than a fund that is not overweighted in that sector.
2009 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For the period ended 8/31/2009, the Fund's Overall Morningstar Rating was 5 stars. For each fund with at least a three-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. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for the Fund is derived from a weighted-average of the performance figures associated with its 3- 5- and 10 year Morningstar Rating metrics. The Fund was rated against the following numbers of U.S. domiciled Moderate Allocation funds over the following time periods: 950 funds in the last three years, 784 funds in the last five years and 451 for last ten years. With respect to these Moderate Allocation funds, the Fund received a Morningstar Rating of 4 stars, 4 stars and 5 stars for the 3- 5- and 10 year periods, respectively. Past performance is no guarantee of future results.
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