The very first fund from Davidson Investment Advisors is here. On Friday the Great Falls, Montana-based RIA launched the Davidson Multi-Cap Core Fund. (Check out its 485B-POS here.) Watch for Davidson to launch more funds as well.
Vice president Brian P. Clancy and senior vice president William B. Whitlow, Jr. serve as the fund's portfolio managers. The fund has a net annual expense ratio of 117 basis points and a maximum load of 500 bps for the "Advisor Class A" shares. U.S. Bancorp Fund Services serves as the fund's transfer agent, while Qasar Distributors handles distribution.
Company Press Release
Davidson Investment Advisors, a Montana-based money management firm, today announced that it has launched the Davidson Multi-Cap Core Fund under the ticker symbol DFMAX.
The fund is managed by the company's experienced investment management team and is expected to be the first of several mutual funds offered by the firm.
"We are very pleased to be able to make this fund available to investors at a time when broad diversification and consistent returns have become imperative," said Andrew Davidson, President of Davidson Investment Advisors. "The mutual fund's management style is aligned with one of our firm's four investment strategies: the Multi-Cap Core Strategy. The fund seeks to provide diversified investment coverage across a wide range of market capitalizations and investment styles."
The Davidson Multi-Cap Core Fund is suited for investors seeking broad stock market exposure with a strong emphasis on fundamental research and risk management.
Information about the fund can be found at www.davidsonmutualfunds.com
Davidson Investment Advisors, a registered investment adviser, has managed money for individuals, corporations, employee benefit plans, foundations and trusts for 33 years, providing a team approach to portfolio management. The firm offers five investment strategies, managed under a long-term approach by a group of experienced professionals. The firm is based in Great Falls, Montana, with offices in Seattle and San Francisco.
Davidson Investment Advisors is a subsidiary of Davidson Companies, an employee-owned financial services holding company that recently celebrated surpassing the 1,000-employee mark. Davidson Companies is based in Montana and operates from offices in 17 states, with a strong footprint in the West and Midwest. Also part of the Davidson Companies family are D.A. Davidson & Co, the largest full-service brokerage based in the Northwest; Davidson Trust Co., a trust and wealth management company; Davidson Fixed Income Management, a registered investment adviser providing wealth management and other fixed income services to mostly institutional clients; and Davidson Travel, a full-service travel agency.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the fund and may be obtained by calling The Davidson Funds at 877-332-0529. Please read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Small- and Medium-capitalized companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.
Because the fund may invest in ETFs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares. The fund will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying ETFs.
The fund may also use options and future contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors.
Davidson Investment Advisors is the advisor for the Davidson Funds which are distributed by Quasar Distributors, LLC. 10/2008
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