Kelmoore's Eagle Fund Takes Flight.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--July 25, 2000 Kelmoore Investment Company announced a new fund today, the Kelmoore Strategy(tm) Eagle Fund, the latest member of the Kelmoore Strategy(tm) 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". . The fund launched Monday Monday: see week. , July July: see month. 3, 2000. The Kelmoore Strategy(tm) Eagle Fund's goal is to maximize realized gains Realized Gain A gain resulting from selling an asset at a price higher than the original purchase price. Notes: There may be tax consequences for a realized profit. using the Kelmoore Strategy, which involves writing covered options Covered option Option position that is offset by an equal and opposite position in the underlying security. Antithesis of naked option. on common stock and seeks to enhance the income generated from an investment portfolio. This strategy combines the purchase of high quality stocks with the concurrent sale of Covered Options against these stocks to generate Premium income. The Kelmoore Strategy(tm) Eagle Fund seeks to invest in the common stock of a limited number of technology, communications, and financial companies. As with any mutual fund, there is no guarantee that the fund will achieve its goal. There are risks associated with this investment strategy that are fully discussed in the fund's prospectus. The Kelmoore Strategy(tm) Eagle Fund is a more aggressive version of the core Kelmoore Strategy(tm) Fund. The Eagle Fund uses stocks with greater volatility, directly causing options premiums received from sales to be proportionally pro·por·tion·al adj. 1. Forming a relationship with other parts or quantities; being in proportion. 2. Properly related in size, degree, or other measurable characteristics; corresponding: larger and can involve greater risks. The Eagle Fund is available in mutual fund share class A and C. Matthew Matthew one of the twelve disciples. [N.T.: Matthew] See : Evangelism Kelmon, Portfolio Manager, is a firm believer in the strategy he helped develop. "Before we purchase any stock for the fund's portfolio, we analyze it not only for its fundamental investment characteristics, but also for its covered option writing potential. We believe that covered option writing reduces the inherent risk of owning stocks while decreasing the volatility of a stock portfolio over time." About Kelmoore Kelmoore Investment Company, Inc., headquartered in Palo Alto, CA, is an independently owned, licensed general securities broker/dealer. The company was founded in 1978 and acquired by the current management team in 1992. The management team has developed a trademark strategy that it has used for individuals, corporations, and institutions. Kelmoore Investments currently has $400 million under management in mutual funds, separate accounts, and partnerships. The Kelmoore Strategy(tm) family of funds are distributed by Kelmoore Investment Company, Inc. 2471 East Bayshore Bayshore may refer to: Communities:
As with any mutual fund, the value of the Fund's investments, and therefore the value of the Fund's shares, will fluctuate, and investors could lose money. This fund is for investors that can accept the risks of investing in a portfolio of common stocks and their related options. To obtain a prospectus with more complete information, including risks of investing, charges, and expenses, please call 877-285-1023 or access www.Kelmoore.com. Please read the prospectus carefully before investing. Covered Option writing is not appropriate for all investors. Stock volatility may cause the value of underlying stocks to dramatically increase or decrease. |
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