Composite Growth Fund Adds "Income" to Name.SEATTLE--(BUSINESS WIRE)--March 3, 1995--The Composite Growth Fund has been renamed the Composite Growth and Income Fund. "The new name more accurately reflects the objectives of the mutual fund, which seeks to provide long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth of capital, with current income as a secondary consideration," Bill Papesh, president of the Composite Group, said. The Fund invests in a diversified diversified (di·verˑ·s selection of common stocks and other securities. Current holdings include such companies as Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. , Merck & Co., Boeing, Fred Meyer, GATX GATX General American Transportation Corporation Corp., Phillips Petroleum and Weyerhaeuser. Established in 1949, the fund is one of the two oldest in the Composite Group. The oldest, Composite Bond & Stock and Fund, was formed in 1939 and is one of the first mutual funds in the country. The two funds were among the first 100 mutual funds in the country; today there are more than 5,400 funds. The Composite Group of eight mutual funds is managed by Composite Research & Management Co., which Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. acquired in 1982 along with Murphey Favre. The Composite funds are distributed primarily by Murphey Favre offices in Washington Mutual financial centers. CONTACT: Composite Group William G. Papesh, 509/353-3401 |
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