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Turner Funds launches Turner International Core Growth Fund and Turner Midcap Equity Fund.

BERWYN, Pa. -- Today the Turner Funds is introducing two no-load stock mutual funds, the Turner International Core Growth Fund, which invests in large and mid-cap growth stocks from markets around the world, and the Turner Midcap Equity Fund, which invests in both growth and value stocks with market capitalizations represented in the Russell Midcap Index.

The Turner International Core Growth Fund is managed by Mark D. Turner, lead portfolio manager, and Christopher K. McHugh and Robert E. Turner, comanagers. Mark D. Turner is president and senior portfolio manager/security analyst of Turner Investment Partners, an investment-management firm that invests more than $22 billion on behalf of institutions and individuals. Headquartered in Berwyn, Pennsylvania, Turner is employee-owned and was founded in 1990.

The Turner Midcap Equity Fund is managed by Steven L. Gold, lead portfolio manager, and Thomas J. DiBella and Kenneth W. Gainey, comanagers, at Turner Investment Management, a Hartford-based subsidiary of Turner Investment Partners.

The addition of these two new investments increases the number of Turner Funds to 11. The Turner Funds are composed of growth, core, and value funds, which altogether have more than $2 billion in assets under management.

Turner International Core Growth Fund

The Turner International Core Growth Fund is the first international-stock fund offered by the Turner Funds. It invests primarily in non-U.S. stocks with market capitalizations greater than $2 billion, broadly diversified among economic sectors.

The fund emphasizes shares of companies with strong earnings prospects, i.e., with earnings that are growing at a rate that the portfolio managers think should meet or exceed Wall Street analysts' expectations.

As with Turner's other growth funds, the investment process of the Turner International Core Growth Fund involves a synthesis of quantitative, fundamental, and technical analysis. The firm considers fundamental analysis -- conducted by five analyst teams assigned to oversee the 10 market sectors -- the most important part of the investment process.

The fund's sector weightings are similar to those of the MSCI World Growth ex-U.S. Index, which is also the fund's performance benchmark. The fund doesn't alter its sector weightings to avoid unpromising sectors or accentuate promising sectors.

Says Mark D. Turner: "We think the practice of overweighting or underweighting sectors can be counterproductive to achieving the best investment performance, because it's difficult to anticipate when the performance of sectors will change for better or worse in the short run."

The Turner International Core Growth Fund may be appropriate for institutional and affluent individual investors who seek the long-term growth of capital and can tolerate the share-price volatility of growth-oriented international equity investing. The fund has a minimum initial investment of $250,000 for Institutional Class shares.

Turner Midcap Equity Fund

The second new fund, the Turner Midcap Equity Fund, is a core, or "blend," fund, that invests primarily in growth and value common stocks and other equity securities of companies with medium market capitalizations. The fund's portfolio managers look for companies with quality management teams that take advantage of unique product opportunities, emphasizing those that they believe can generate and sustain long-term growth. They employ a quantitative approach to determine whether a company's share price reflects its perceived value.

The fund's composition is based on this premise: combining investments in growth and value stocks can produce higher returns without increasing risk in the long run. Growth and value stocks historically have had a low correlation -- they have generally performed differently at a given time. So when growth and value stocks have been pooled in a portfolio, they have tended to produce higher returns and more moderate performance peaks and valleys, i.e., less risk, than either did alone.

The fund's performance benchmark is the Russell Midcap Index.

The fund may be appropriate for institutional and individual investors who seek long-term capital appreciation and can tolerate the share-price volatility of mid-cap equity investing. The fund is designed to capitalize on the risk/reward profile of mid-cap stocks; historically, mid-cap stocks have "generated returns superior to those of large stocks, with volatility less than that of small-cap stocks," says Steven L. Gold. However, mid-cap companies are risky in that they have more modest product lines, markets, and financial resources than large-cap companies do.

The Turner Midcap Equity Fund is available through two different share classes, Investor Class and Institutional Class shares. The minimum initial investment in Investor Class shares is $2,500 for regular accounts and $2,000 for individual retirement accounts. The minimum initial investment for Institutional Class shares is $250,000.

Investors can invest in the Turner International Core Growth Fund and the Turner Midcap Equity Fund directly through the Turner Funds, through Turner's Distribution and Client Service Team that does business with investment consultants and defined-contribution plan sponsors, and through financial advisers who have a relationship with Turner Investment Partners, Turner Investment Management, or the Turner Funds.

Effective January 1, 2006, the Turner Funds are distributed by SEI Investments Distribution Co., Oaks, Pennsylvania 19456. The investor should consider the investment objectives, risks, charges, and expenses carefully before investing. This and other information can be found in the prospectus. A free prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in these funds, can be obtained by calling 1.800.224.6312. Read the prospectus carefully before investing. Mutual-fund investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.
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Date:Feb 1, 2007
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