Berger Launches "Fund for All Seasons".DENVER--(BUSINESS WIRE)--Oct. 1, 1997--The Berger Fund family has grown once again with the addition today of its most conservative product, the Berger Balanced Fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. . The new Fund is managed by Patrick Adams This article is about the American musician. For the British criminal, see Clerkenwell crime syndicate. Patrick Peter Owen Adams, March 17 1950, Harlem, New York City, New York, US is an American musician and record producer. , manager of the Berger 100 Fund, and John Jares, who joined Berger in May. Adams and Jares worked together on the Founders Balanced Fund, which has earned high marks within the investment community. They describe the Berger Balanced Fund as a "flexible" Fund that has the potential to weather a variety of market conditions. More conservative than the other six Berger Funds, the Berger Balanced Fund starts with the same premise that underlies all Berger Funds: over the long term the greatest investment potential lies in common stocks. The portfolio managers have the flexibility to allocate assets between stocks and fixed-income securities Fixed-income securities Investments that have specific interest rates, such as bonds. based upon their assessment of available investment opportunities and relevant market, economic and financial factors. "One of our priorities is to protect shareholder capital," Adams said. "When we see opportunities for growth, we'll pursue those. When we don't, we'll pull back from stocks and rebalance the portfolio with more emphasis on fixed-income securities." When the managers believe the stock market is attractive and the number of potentially profitable investments is plentiful, Adams and Jares have the discretion to invest up to 75% of Fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. in stocks. When stocks are not as attractive, or the market is more volatile, they may reduce the Fund's stock holdings to as little as 25% of total assets and increase investment in fixed-income securities up to 75% of total assets. Fixed-income securities can include short- to long-term U.S. government and corporate debt securities, convertible securities and preferred stocks Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Berger President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jerry Lavin called the new Fund a natural addition to the Berger line-up. "We have very carefully expanded our product line to help meet the needs of our shareholders across a broad spectrum," he said. "The Balanced Fund offers the opportunity to take advantage of a good portion of the growth potential of the stock market while also reducing 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. . It's our way of trying to give the shareholder some built-in comfort." The Fund's stock portfolio is managed according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the principles laid down by Bill Berger over 20 years ago. The focus is on mid-cap and large-cap stocks. Using bottom-up stock selection, the portfolio managers screen available stocks for those that have demonstrated strong consistent earnings growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , attractive valuations, conservatively financed balance sheets and strong management and those that operate in an industry with long-term growth potential. The Berger Balanced Fund is the third addition to the Berger family in the last year. Others include the Berger/BIAM International Fund introduced last November and the Berger Small Cap Value Fund launched in February of this year. The Berger Funds line-up also includes the Berger 100 Fund, the Berger Growth and Income Fund, the Berger Small Company Growth Fund and the Berger New Generation Fund. With $4 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of September 30, 1997, the company plans two more additions by early 1998. The minimum investment for all Berger Funds is $2,000. For complete information about any of the Berger Funds, including all charges and expenses, call 1-800/333-1001 for a prospectus. Please read it carefully before investing. Berger Distributors, Inc -- Distributor. CONTACT: Berger Associates Inc. Sally Carleton, 303/336-4516 e-mail: sallyc@bergerfunds.com |
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