`Twenty Fund' --ICTWX-- Earns Four-Star Rating from Morningstar; Investors Capital Holdings' Investment Advisory Subsidiary's Mutual Fund Continues Strong Momentum.Business Editors LYNNFIELD, Mass.--(BUSINESS WIRE)--Dec. 16, 2003 Investors Capital Holdings (AMEX AMEX See: American Stock Exchange : ICH See Intel Hub Architecture. ) today announced that its investment advisory subsidiary's mutual fund, the Eastern Point Advisors "Twenty Fund" (AMEX: ICTWX), earned the prestigious four-star rating from Morningstar, Inc. Morningstar, the Chicago-based global investment research firm, rates mutual funds from one to five stars based on how well they've performed (after adjusting for risk and accounting for all sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select ) in comparison with similar funds. The Eastern Point Advisors Twenty Fund, established in 1999, invests in common stocks of companies of any size. Special emphasis is placed on mid-cap and large-cap companies that Eastern Point Advisors believes demonstrate financial stability, strong earnings growth potential, dominant or strong market position, and proven leadership. Frederick Sears, Jr., fund manager for the Twenty Fund and a well-known financial media spokesperson, takes a conservative approach toward evaluating stocks for the Twenty Fund. "My investment objective is to amplify growth potential by identifying companies with no less than five-year earnings, in most cases. I also employ a stop-loss strategy to help reduce risk, guard against market fluctuations, and preserve capital. I believe this highly disciplined approach has contributed greatly to the Twenty Fund achieving this reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil four-star rating." Last week, in a press release dated December 3, 2003, Investors Capital Holdings announced that Eastern Point Advisors acquired assets of the Avalon Capital Appreciation Fund that were absorbed into the Twenty Fund. Ted Charles, chairman and chief executive officer for Investors Capital Holdings, said the company will consider acquiring additional funds, if and when the right opportunities present themselves. About Investors Capital Holdings Investors Capital Holdings, of Lynnfield, Mass., is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company founded to meet the consumers' needs in today's financial markets. The company owns and operates Investors Capital Corporation, Eastern Point Advisors, Inc. and ICC ICC See: International Chamber of Commerce Insurance Agency, Inc. Investors Capital Corporation is a nationally recognized, independent broker-dealer comprised of approximately 1,000 experienced financial professionals throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Eastern Point Advisors, Inc. is an investment advisory firm managing portfolios for individual and institutional clients, as well as the advisor to the Eastern Point Advisors Twenty Fund. ICC Insurance Agency, Inc. provides insurance services to agents of Investors Capital Corporation. For more information, please call (800) 949-1422 or visit www.investorscapital.com. About Eastern Point Advisors Incorporated in 1995, Eastern Point Advisors, Inc. is a federally-registered investment advisory firm rooted in Nobel Prize-winning Model Portfolio Theory, and provides clients with professionally managed portfolios of mutual funds, variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , and individual equity securities. For more information, please call (800) 462-4610 or visit www.easternpoint.com. About The Twenty Fund The Eastern Point Advisors "Twenty Fund" (AMEX: ICTWX) invests in common stocks of companies of any size, which may include smaller emerging companies. Under normal conditions
About Morningstar, Inc. Chicago-based Morningstar, Inc. is a global investment research firm, offering an extensive line of products and services for individuals, financial advisors, institutions, and the media. As a trusted, independent company, Morningstar provides information, data, and analysis of stocks, mutual funds, exchange-traded funds Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. , closed-end funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. , and variable annuity/life subaccounts. Certain statements contained in this press release, which are not historical fact, may be deemed to be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. under federal securities laws. There are many important factors that could cause Investors Capital Holdings and its subsidiaries' actual results to differ materially from those indicated in the forward-looking statements. Such factors include, but are not limited to, general economic conditions, including interest rate risk, regulatory changes (legislative or otherwise) affecting the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, competition, demand for Investors Capital Holdings and its subsidiaries' services, availability of funding, and other risks identified in Investors Capital Holdings' Securities and Exchange Commission filings. |
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