Compass Bank Expedition Investment Grade Bond Fund Ranked Among Top of Class for the Overall Period Ending March 31, 2003.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 8, 2003 Compass Bank announces that its proprietary Expedition Investment Grade Bond Fund - Class A (Ticker SBGIX) ranked fifth out of 385 bond funds in the Lipper Intermediate Investment Grade Debt Funds comparison group based on 12-month performance. The fund returned 13.71 percent compared to the average of 9.97 percent for the period. In addition, the fund ranked in the top 20 percent for the five years ending March 31, 2003. The Expedition Investment Grade Bond Fund--Class A is a member of the Expedition family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". , which currently manages more than $1 billion in assets. The fund pursues its income objective by investing in a diversified portfolio of intermediate-term (3-10 year) U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. and agency securities as well as high-grade corporate bonds. The fund maintains an average maturity of approximately six years and currently manages more than $120 million in assets. "We are pleased with this ranking, which we believe validates our disciplined approach to risk management," said Denise Woodham, senior vice president and managing director of investments, Compass' Asset Management Group. "Our focus on credit quality helped us to avoid the blowups among investment grade companies in 2002, and should serve us well as the economy continues its recovery." Compass Bank is a subsidiary of Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. , Inc., a Southwestern financial holding company with $24.3 billion in assets and 357 full-service banking offices in Alabama, Arizona, Colorado, Florida, Nebraska, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). and Texas. Compass Bancshares is among the top 40 U.S. bank holding companies by asset size and ranks among the top earners of its size based on return on equity. The company's earnings per share have increased for 15 consecutive years and dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. have increased for 22 consecutive years. Past performance is no guarantee of future results. Compass Bank serves as investment adviser and custodian to the Fund and Compass Bank and various of its affiliates may provide various services to the Fund, for which Compass Bank and/or such other affiliates are entitled to receive compensation. The Expedition Funds are made available through licensed representatives of Compass Brokerage, Inc., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and an affiliate of Compass Bank. The Fund is distributed by SEI Investments Distribution Co., which is not affiliated with Compass Bank or Compass Bancshares, Inc. For more information on the funds, including charges and expenses, call 1-800-992-2085 for a prospectus. Read the prospectus carefully before you invest or send money. Mutual Fund investing involves risk, including possible loss of principal. The Lipper Ranking is for the A share class only; other classes may have different performance characteristics. Not FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). Insured No Bank Guarantee May Lose Value |
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