Investors in Orion/Monetta Intermediate Bond Fund May Receive 5% Annually in College Tuition Credits
Shareholders in the Orion/Monetta Intermediate Bond Fund may receive 5% annually in college tuition credits. These college credits are like frequent flyer miles that never expire and may be used in over 230 participating colleges nationwide.
Wheaton, IL (PRWEB) June 22, 2009 -- Orion Capital Management Inc. and Monetta Financial Services, Inc. have partnered with SAGE Scholars to offer shareholders of the Orion/Monetta Intermediate Bond Fund (NASDAQ: MIBFX) college Tuition Rewards that allow fund shareholders to earn annually 5% of their account value in college tuition credits. These credits are deposited into a Tuition Rewards account, do not affect the investment account, and may be applied to over 230 participating private colleges and universities nationwide. The tuition credits never expire, are non-taxable, do not affect financial aid, and may be used by anyone in the shareholder's family e.g. children, grandchildren, stepchildren, nieces and nephews.
Monetta Family of No-Load Mutual Funds
"This program is an effective way for fixed-income investors to invest in an intermediate bond fund while accumulating college tuition credits that can offset up to 25% of annual college tuition cost at participating colleges," says Bob Bacarella, Monetta's President. "It doesn't cost shareholders anything to participate in the program and, if used, could significantly reduce future college tuition cost." Shareholders can register any family member under 16 years old to use the tuition credits and may be redeemed as a "scholarship" - capped at one full year's tuition spread over four years."
George Palmer, of Orion Capital Management says, "We are pleased to be part of this innovative scholarship program. This is an added investment benefit for our investors that could amount to a large reduction in future college tuition cost."
The Orion/Monetta Intermediate Bond Fund (NASDAQ: MIBFX) invests at least 70% of its net assets in fixed-income notes and bonds rated in the three highest investment grade categories as rated by Moody's or S&P. The Fund expects that the dollar-weighted average maturity of its portfolio will be between three and ten years and seeks high current income consistent with preservation of capital.
For additional information or to request a free investment kit on the Orion/Monetta Intermediate Bond Fund, please visit www.monetta.com or call 1-800-Monetta or Orion Capital Management at (847) 441-0410.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-Monetta, or visiting www.monetta.com. Read it carefully before investing.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
Investments in Asset Backed and Mortgage Backed Securities that include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.
Monetta Financial Services, Inc. is the advisor and Orion Capital Management is the sub-advisor to the Orion/Monetta Intermediate Bond Fund.
Tuition Rewards are remitted solely as a reduction from the college's full tuition bill and are not awarded in cash. Certain restrictions may apply. The Tuition Rewards program is offered and administered by SAGE Scholars, Inc., a private for-profit corporation. Monetta Financial Services, Inc., (MFSI) through a partnership with SAGE Scholars offers a college tuition reduction program that may be used at over 230 participating colleges nationwide. All cost for the College Savings Program including participation in the Tuition Rewards Program are paid by MFSI. For program details and restrictions please visit www.tuitionrewards.com.
All cost for the College Savings Program including participation in the Tuition Rewards Program are paid by MFSI.
Distributed by Quasar Distributors, LLC.
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