Conseco Fund Group Reports 2Q00 Investment Performance.Business Editors CARMEL Car·mel also Car·mel-by-the-Sea A city of western California on Carmel Bay at the southern end of the Monterey Peninsula. It is an artists' and writers' colony and a popular tourist spot. Population: 4,130. , Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. .--(BUSINESS WIRE)--July 25, 2000 Conseco Conseco (NYSE: CNO), originally Security Life of Indiana, is a financial services organization based in Carmel, Indiana. Conseco's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million customers in the , Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) -- Conseco 20 Fund outperforms benchmark S&P 500 Index by 771 percent (one-year adj. 1. completing its life cycle within a year. Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants" annual phytology, botany - the branch of biology that studies plants ) and 133 percent (since inception) -- Conseco Equity Fund outperforms benchmark S&P 400 Mid-Cap Mid-cap Short for "Middle Cap," mid cap refers to stocks with a market capitalization of between $2 billion to $10 billion. Notes: As the name implies, a mid-cap is in the middle of the pack. A mid-cap isn't too big, but at the same time has a relatively decent market cap. Index by 312 percent (one-year) and 52 percent (since inception) -- Conseco Convertible Securities Fund outperforms benchmark Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Broad Convertible Index by 24 percent (one-year) and 20 percent (since inception) -- Conseco High Yield Fund outperforms benchmark Merrill Lynch High Yield Index by 141 percent (one-year) and 205 percent (since inception) Conseco Fund Group (CFG CFG Configuration (File Name Extension) CFG Control Flow Graph CFG Context-Free Grammar CFG Club for Growth CFG Cienfuegos, Cuba (city/airport code) CFG Critical Friends Groups ) today reported second quarter 2000 average annual total return investment performance for its equity, convertible and fixed-income funds as of June June: see month. 30, 2000:
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Conseco 20 Fund ($430 million in current assets as of 6/30/00)
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Fund investment return - Class A shares (CTWAX)
One year Since 1/1/98(a)
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At net asset value: 63.09% 44.65%
At public offering price(b): 53.72% 41.26%
Benchmark returns
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Standard & Poor's 500 Index: 7.24% 19.15%
Standard & Poor's 400 Midcap Index: 16.98% 17.26%
(a)Inception of the fund
(b)Reflects the maximum initial sales charge of 5.75 percent The
Standard & Poor's 500 Index is an unmanaged index representing the
general stock market, and the Standard & Poor's 400 Midcap Index is an
unmanaged index representing the mid-cap stock arena.
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Conseco Equity Fund ($202 million in current assets as of 6/30/00)
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Fund investment return - Class A shares (CEYAX)
One year Since 1/2/97(c)
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At net asset value: 70.11% 32.53%
At public offering price(d): 60.33% 30.31%
Benchmark returns
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Standard & Poor's 500 Index: 7.24% 23.05%
Standard & Poor's 400 Midcap Index: 16.98% 21.36%
(c)Inception of the fund
(d)Reflects the maximum initial sales charge of 5.75 percent The
Standard & Poor's 500 Index is an unmanaged index representing the
general stock market, and the Standard & Poor's 400 Midcap Index is an
unmanaged index representing the mid-cap stock arena.
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Conseco Balanced Fund ($32 million in current assets as of 6/30/00)
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Fund investment return - Class A shares (COAAX)
One year Since 1/2/97(e)
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At net asset value: 36.48% 20.65%
At public offering price(f): 28.63% 18.63%
Benchmark returns
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Standard & Poor's 400 Midcap Index: 16.98% 21.36%
Lehman Brothers Aggregate Bond Index: 4.57% 6.07%
(e)Inception of the fund
(f)Reflects the maximum initial sales charge of 5.75 percent The
Standard & Poor's 400 Midcap Index is an unmanaged index representing
the mid-cap stock arena, and the Lehman Brothers' Aggregate Bond Index
is an unmanaged index representing the domestic bond market in
general.
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Conseco Convertible Securities Fund ($91 million in current assets as
of 6/30/00)
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Fund investment return - Class A shares (CCSAX)
One year Since 1/2/97(g)
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At net asset value: 35.49% 35.93%
At public offering price(h): 27.70% 31.61%
Benchmark returns
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Merrill Lynch Broad Convertible Index: 28.40% 29.75%
(g)Inception of the fund
(h)Reflects the maximum initial sales charge of 5.75 percent The
Merrill Lynch Broad Convertible Index is an unmanaged index
representing the convertible securities market in general.
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Conseco High Yield Fund ($127 million in current assets as of 6/30/00)
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Fund investment return - Class A shares (CHYAX)
One year Since 1/2/97(i)
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At net asset value: 0.57% 4.88%
At public offering price(j): -5.21% 2.43%
Benchmark returns
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Merrill Lynch High Yield Index: -1.37% 1.60%
(i)Inception of the fund
(j)Reflects the maximum initial sales charge of 5.75 percent The
Merrill Lynch High Yield Index is an unmanaged index representing the
high-yield bond market in general.
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Conseco Fixed Income Fund ($66 million in current assets as of
6/30/00)
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Fund investment return - Class A shares (COFAX)
One year Since 1/2/97(k)
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At net asset value: 4.44% 5.53%
At public offering price(l): -0.78% 4.00%
Benchmark returns
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Lehman Brothers Aggregate Index: 4.57% 6.07%
(k)Inception of the fund
(l)Reflects the maximum initial sales charge of 5.00 percent The
Lehman Brothers Aggregate Index is an unmanaged index representing the
domestic bond market in general.
"In a world of shifting opportunities and split-second timing, our exhaustive, team-driven investment process enables us to effectively embrace the dynamics of a volatile market," said Max Bublitz, president and trustee of CFG and director, 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. of Conseco Capital Management, Inc. (CCM CCM Contemporary Christian Music CCM Critical Care Medicine CCM County College of Morris (New Jersey) CCM Chama Cha Mapinduzi (political party, Tanzania) CCM CORBA Component Model ). "This discipline, when combined with our extensive research capabilities and our focus on fundamentals, makes exceptional investment performance attainable at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. for our shareholders." Formed in 1981, CCM is an independent, wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Conseco, Inc. CCM is the investment adviser for CFG and also manages assets for college endowments, corporations, government entities, Taft-Hartley pension funds and high-net-worth individuals. CCM had more than $35 billion in taxable and non-taxable non-taxable adj → nicht steuerpflichtig non-taxable adj non-taxable income → reddito non imponibile 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. at June 30, 2000. Formed in 1997, CFG now offers a family of eight actively managed mutual funds, including the Conseco Science & Technology Fund, Conseco 20 Fund, Conseco Equity Fund, Conseco Large-Cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of Fund, Conseco Convertible Securities Fund, Conseco 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. , Conseco High Yield Fund, and the Conseco Fixed Income Fund. (The Conseco Science & Technology and Large-Cap funds were opened on July July: see month. 1, 2000; the funds' investment performance for the initial 30-day period will be available in the fund fact cards in August.) CFG mutual funds are distributed through Conseco Equity Sales, Inc., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and a wholly owned subsidiary of Conseco, Inc. Headquartered in Carmel, Ind., Conseco, Inc. (NYSE:CNC) is one of middle America's leading sources for insurance investment and lending products. Through its subsidiaries and a nationwide network of distributors, Conseco helps 13 million customers step up to a better, more secure future. Past performance is not a guarantee of future results. Investment returns and principal values vary, and you may have a gain or a loss when you sell your shares. Focus funds are susceptible to more market volatility than diversified funds Diversified Fund A type of investment fund that contains a wide array of securities and is adequately diversified. A mutual fund classified as a "diversified fund" will actively maintain a high level of diversification in its holdings, thus reducing the amount of risk in the fund, and, therefore, are considered to be higher-risk investments. For more complete information about CFG mutual funds, including charges and expenses, please ask your financial professional for a prospectus or contact shareholder services at 800-986-3384. Read all information carefully before you invest. www.conseco.com |
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