Printer Friendly

Asset Management Fund Adjustable Rate Mortgage ARM Portfolio Ranked no.1 by Lipper.

CHICAGO--(BUSINESS WIRE)--March 9, 1999--The Asset Management Fund's Adjustable Rate Mortgage (ARM) Portfolio has received the number one ranking in the Lipper Fixed Income Fund Performance Analysis Service for the five year period ending December 31, 1998. Lipper Analytical Services, Inc. is the leading provider of data analysis on the investment company business.

Shay Assets Management, Inc., the Fund's Advisor, reported 12 month total return for the ARM Portfolio of 5.14% and 5 year total return of 32.00% for the period ending December 31, 1998.

The Adjustable Rate Mortgage (ARM) Portfolio is designed specifically for financial institutions as an alternative to the difficult tasks of originating and managing an ARM portfolio. As the largest fund in its category, a growing number of diverse investors, including Trust Companies, Municipalities, Foundations, Not-for-Profit Organizations and Fee-Based Advisors have become shareholders.

The Portfolio's eligible investments consist primarily of high quality, adjustable-rate, mortgage-related securities which represent interests in mortgages on residential housing. The adjustable-rate feature of the mortgages underlying the Portfolio's investments will generally reduce the price volatility of these securities.

For more information on the Asset Management Fund, Inc., including the Adjustable Rate Mortgage (ARM) Portfolio, contact the Fund's distributor, Shay Financial Services, Inc., at 800-982-1846 or on the Web at

The information provided by Lipper Analytical is a mutual fund comparison ranked by 12 month, 5 year and 10 year total return. For comparison purposes the portfolios of the Asset Management Fund have been placed with those mutual funds of similar investment objectives. The Lipper Analytical Adjustable Rate Mortgages Funds in the comparison generally invest at least 65% of assets in adjustable rate mortgage securities collateralized by or representing an interest in mortgages. The inception date of the Portfolio is 9/18/91. SEC standardized performance data as of December 31, 1998. Average annual total rates of return: 1-year 5.14%, 5-year 5.71%, Since inception 5.44%.

Performance is historical and does not represent future results. for complete information on the Fund and to obtain a prospectus, call the Fund's distributor, Shay Financial Services, Inc. at 1-800-982-1846. The prospectus includes complete information including fees and expenses. Read the prospectus carefully before investing or forwarding funds. Shay Financial Services, Inc. is a NASD and SIPC member.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Mar 9, 1999
Previous Article:American Safety Razor Company Announces Expiration of the Consent Date.
Next Article:Home Financial Bancorp Announces Dividend.

Related Articles
ARM funds for safety and yield.
Board of Directors Approves Proposed Policy Changes for Two Piper Capital Open-End Funds; Merger of a Third.
Citizens Trust challenges socially responsible funds to make money.
Calvert Group Performance Improves as Strategy Takes Shape.
Calvert Group Performance Improves as Strategy Takes Shape.
Shay's MSB Fund Ranked #1 Large Cap Core Fund for 1 and 2 Year Periods Ended 3/31/02 by Lipper.
Advantus Series Fund Portfolios Receive #1 Lipper Ratings.
Community Development Mutual Fund Named ''Lipper Leader'' by Leading Mutual Fund Research Firm.
Calvert Posts Strong Taxable Fixed Income Performance, Outperforming Benchmarks and Peer Groups.
Calvert Taxable Fixed Income Funds Achieve Strong 2005 Performance, Beating Peer Group Averages -- Lipper Ranks Short Duration and Long Duration...

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters