Berger Funds Launch Mid Cap Value Fund.DENVER--(BUSINESS WIRE)--July 7, 1998--The Berger Berger may refer to: Places
Berger is a relatively common last name. It means mountaineer in Dutch and German, and shepherd in French. Funds today announced the launch of the Berger Mid Cap Value Fund. A limited time subscription offer available through Charles Schwab Charles Schwab can refer to:
The Berger Mid Cap Value Fund will be co-managed by Bob Perkins This article is about the Judge. For The Philadelphia-area radio host, see Bob Perkins (radio). Bob Perkins is a judge who sits on the Travis County District Court in Austin, Texas. who also manages the Berger Small Cap Value Fund and his brother Tom, also a veteran value investor. Together, the Perkins brothers bring more than a half century of management experience to the Berger Mid Cap Value Fund. Bob's expertise in value investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. has earned him national recognition from major publications such as Money, USA and Individual Investor. With nearly 30 years experience of his own, Tom earned his reputation managing money for private institutional clients, most recently at Alliance Capital where he was responsible for the management of over $3 billion in equity assets for clients that included Fortune 500 companies, state funds and overseas corporations. The Perkins will cover the "middle ground" of corporate America, focusing on companies that fall primarily within the market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. range of the S&P Mid Cap 400 Index(tm). They recognize that even successful companies can, from time to time, become undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. and believe that creates opportunities to buy fundamentally strong companies that temporarily are out of favor with Wall Street or are not fully understood by the investment community. Subscriptions for the Berger Mid Cap Value Fund will be accepted from July 7, 1998 through 2 p.m. Mountain Time, August 12, 1998. "The depth of their experience and their stock-picking abilities make Bob and Tom Perkins Thomas James Perkins (born 1932) is an American businessman, capitalist, and was one of the founders of leading venture capital firm Kleiner, Perkins, Caufield & Byers. Education Perkins received a B.S. in EECS (course 6) from MIT in 1953. a combination that is hard to beat," said Berger President Jerry Lavin. While the Mid Cap Value Fund may be more volatile than funds that invest primarily in larger stocks, Bob and Tom Perkins work to reduce risk by looking at the downside risk Downside Risk An estimation of a security's potential to suffer a decline in price if the market conditions turn bad. Notes: You can think of this as an estimate of the amount that you could lose on a stock or other investment. before considering the upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar of every investment. Jeff Lyons, Schwab's senior vice president of mutual fund marketing, noted that The Berger Funds was one of the original partners in the Schwab's Mutual Fund Onesource(R) service program. "We always are pleased to team with Berger. We've built a strong relationship over the years and our investors continue to demonstrate their interest in Berger funds. We are pleased to be able to offer our investors a subscription offer for the Berger Mid Cap Value Fund." The addition of the Berger Mid Cap Value Fund brings the total number of Berger funds to 10, tripling the fund family's size in the last two years. Based in Denver, Berger plans call for continuing growth in 1998. Note: the Securities and Exchange Commission requires the following statements in this news release: o Orders to purchase shares under this offer will be accepted until 2:00 p.m. MT, August 12, 1998. Thereafter, shares may be purchased at the price next computed after good order receipt, which may be more or less than the original share price. Purchase checks will be held uninvested Uninvested Usually refers to cash that could be invested but is being held in reserve. until the Fund begins operations. You may cancel your order up until 2:00 p.m. MT, Aug. 12, 1998. Other terms apply for purchases made through Schwab. Past performance is no guarantee of future results. To obtain a prospectus, which contains more complete information including management fees and expenses, please call 1-800-333-1001. Please read the prospectus carefully before investing. Berger Distributors, Inc. - Distributor
CONTACT: The Berger Funds
Sally Carleton
(303)336-4516
sallyc@bergerfunds.com
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