Froley, Revy Convertible Bond Index Reports Third Quarter Total Return of -9.23%.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Oct. 12, 2001 The Froley, Revy Convertible Bond Index(R), one of the oldest continuous measurements of U.S. convertible bond performance and an industry benchmark for more than two decades, reported a total return of -6.87% for the month ended Sept. 30, 2001. Convertible bond prices were down -7.23% for the same period. For the third quarter, convertible bond prices fell 10.27%, pushing the index to a total return of -9.23%. Year to date, the index has returned -9.09%, with convertible bond prices down 12.03%. Current yield for the Index equaled 4.63% at Sept. 30, 2001. The Froley, Revy Convertible Bond Index tracks price performance of 50 representative convertible issues, with coupon interest reinvested to create a 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. , compounded total return. Historical performance tables for the Index may be obtained by calling Jason Stine at 310/208-4938. Froley, Revy Investment Company Inc., an investment management and advisory firm established in 1975, manages assets of more than $2.2 billion, primarily for public pension funds, corporate pension and profit-sharing plans Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". , insurance companies and Taft-Hartley pension plans. Froley, Revy serves as Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to the Froley Revy Convertible Securities Fund (FRCVX), a publicly available, open-end mutual fund, which is distributed by PFPC PFPC Professional Financial Planning Course (Canadian Securities Institute) Distributors Inc. To obtain a prospectus with more complete information, including charges and expenses, please call 1-866-TWFUNDS. Read it carefully before investing. Note: The Froley, Revy Convertible Bond Index is an unmanaged index and, unlike a mutual fund, the performance of an index assumes no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , taxes, management fees or other expenses. A direct investment in an index is not possible. |
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