Enterprise Growth Named as One of S&P's Select Funds.ATLANTA--(BUSINESS WIRE)--March 11, 1999--The Enterprise Growth Fund has been named to Standard & Poor's inaugural list of Select Funds. S&P is launching the first-of-its-kind innovative evaluation service on mutual funds by awarding its `Select' status to only 24 of the most prestigious large-cap growth funds in the market. The Enterprise Growth Fund, subadvised by Montag & Caldwell, Inc., earned Select Fund status for its Class A (ENGRX) and Class B (ENGBX) shares. In assessing funds, Standard & Poor's looks for the most consistent levels of superior returns, then reviews the fund's management, style, and historical and current holdings. Once a fund receives the Select Fund designation, it undergoes monthly monitoring to ensure that the fund continues to meet the criteria. The Select Fund designation is based on a six-month moving average of three years of absolute and volatility-adjusted performance data relative to 425 large-capitalization growth funds. The fund's average annual total return is based on the SEC's standardized average annual return calculations, and include changes in share price and reinvestment of all dividends and capital gains. Evaluation of the fund's management is based on qualitative factors derived from on-site interviews with members of the management team. "We are pleased to be honored on the initial list of Standard & Poor's Select Funds," said Victor Ugolyn, chairman, president and chief executive officer of Enterprise. "This honor is a testimonial to the consistent historical success of the Enterprise Growth Fund. We wish Standard & Poor's well in its effort to give investors thorough analysis in fund evaluation." Enterprise Capital Management, Inc., the registered investment adviser for The Enterprise Group of Funds group of funds See family of funds. and Enterprise Accumulation Trust An arrangement whereby property is transferred by its owner—the settlor—with the intention that it be administered by someone else—a trustee—for another person's benefit, with the direction that the trustee gather, rather than distribute, the income of the , has more than $7 billion in combined 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. . Enterprise Capital Management Inc., which provides mutual fund investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for The Enterprise Group of Funds and the Enterprise Accumulation Trust, is a member of The MONY MONY Mutual of New York (Insurance - Syracuse, NY) Group Inc. (NYSE NYSE See: New York Stock Exchange : MNY MNY Microsoft Money (file extension) MNY Manhattan New York ), a financial services holding company. Past performance is no guarantee of future results. The Enterprise Growth Fund Class A shares are subject to a maximum front-end sales charge Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select of 4.75%. Standardized average annual total returns for the Enterprise Growth Fund Class A shares as of 12/31/98: (before load) 1 year--30.94 percent, 5 years--25.96 percent, 10 years--20.33 percent (after load) 1 year--24.64 percent, 5 years--24.72 percent, 10 years--19.74 percent. Class B shares are subject to a maximum contingent deferred sales charge Contingent deferred sales charge (CDSC) The formal name for the load of a back-end load fund. contingent deferred sales charge A mutual fund redemption fee that is reduced or eliminated for specified holding periods. of (CDSC See Contingent deferred sales charge. ) of 5.00 percent. Standardized average annual total returns for the Enterprise Growth Fund Class B shares as of 12/31/98: (before CDSC) 1 year--30.20 percent, since inception 5/1/95--32.43 percent (after CDSC) 1 year--26.20 percent, since inception 5/1/95--32.04 percent. Other share classes are also available, for which sales charges, performance results and expenses will differ. Standard & Poor's is an independent financial information company that operates without government mandate, is independent of any investment banking firm or similar organization, and does not engage in trading or underwriting activities. For more complete information about The Enterprise Group of Funds, please call for a prospectus, which describes fees and expenses. Read it carefully before you invest or send money. Distributing broker/dealer: Enterprise Fund Distributors, Inc. 800/432-4320. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion