PORTLAND, Ore., Aug. 8, 2006 (PRIMEZONE) -- IMS Capital Management, the Advisor to the IMS Family of Funds, today announced that its flagship no load mutual fund, IMS Capital Value (IMSCX), celebrated a decade of serving investors on August 5, 2006.
As of June 30, 2006, assets in the Fund stood at $165 million, and the Fund had an overall 4-star rating from Morningstar among 372 mid cap blend funds based on weighted average three and five year performance. The Fund's historical returns compare favorably to the broader stock market, as measured by the S&P 500:
Average Annual Total Returns as of 6/30/06
Since
1 Year 3 Years 5 Years Inception(a)
-------- -------- -------- ----------
IMS Capital Value Fund 12.72% 17.21% 13.51% 12.68%
S&P 500 8.64% 11.20% 2.48% 8.51%
(a) August 5, 1996
The performance data quoted represents past performance, and is no guarantee of future results. Current and monthly performance may be lower or higher than that quoted and is available at www.imscapital.com. Investment return and principal value will fluctuate so that your shares, when redeemed, may be worth more or less than original cost. Figures include changes in principal value, reinvested dividend and capital gain distributions. The S&P 500 index is a widely recognized unmanaged index of common stock prices and is representative of a broader market and a broader range of securities than are found in the Fund's portfolio. Individuals cannot invest directly in the Index. Performance figures reflect the change in value of the stocks in the index and reinvestment of dividends.
Managed by Carl W. Marker since inception, the IMS Capital Value Fund was initially launched to broaden its availability to smaller investors. Prior to introducing the Fund in 1996, the Advisor managed primarily separate accounts for institutions and high net worth individuals.
The Fund's strategy is to invest in "seasoned," undervalued mid cap stocks demonstrating positive business momentum. The idea is that stocks in active recovery are more likely to hold up better in both up and down markets.
IMS Capital Management is an employee-owned boutique value shop with offices in Portland, Oregon and Seattle, Washington. Marker founded the firm in 1988. Today, the firm oversees nearly $800 million in assets ($252 million in mutual funds as of 6/30/06) and employs 11 full-time professionals.
For more information, please contact Kathleen M. Griffin at 1-800-408-8014.
For funds with at least a 3-year history, Morningstar calculates a Morningstar Rating(tm) metric each month by subtracting the return on a 90-day U.S. T-Bill from the fund's return for the same period, and then adjusting the excess return for risk. The top 10% of funds in a 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. IMSCX received 3 stars for 3-year returns and 5 stars for 5-year returns among 372 and 294 mid cap blend funds, respectively, as of 6/30/06. 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.
Investing in mid cap stocks can be more risky and volatile than investing in large cap stocks. Value stocks may underperform other types of stocks during a given period.
The Funds' investment objectives, risks, charges and ongoing expenses, including a 90-day 0.50% redemption fee, must be considered carefully before investing. The prospectus contains this and other important information, which may be obtained by visiting www.imscapital.com. Read it carefully before investing. Unified Financial Securities, Inc., Distributor.