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Rating:A Five Star Fund Loses its Load Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 02, 2012

A Five Star Fund Loses its Load

by: Erin Kello

Stewart Capital Mutual Funds [profile] is eliminating the load on its five-star Mid-Cap Fund. The decision was made to make the fund more accessible to advisors with fee-based business models and individual investors.

"After careful consideration and analysis, we have decided to make the mutual fund available as a no-load fund, making the investment process less cumbersome for financial advisors participating in this trend and removing barriers for those investors who choose to manage their own investments." stated Malcolm Polley, president and chief investment officer of Stewart Capital Advisors.


Company Press Release

INDIANA, Pa., April 2, 2012 /PRNewswire via COMTEX/ -- Stewart Capital Advisors, LLC, the investment advisor for Stewart Capital Mutual Funds, has announced that effective April 1, 2012, the Stewart Capital Mid Cap Fund (ticker:SCMFX) is available for direct purchase to the public as a no-load mutual fund available through most mutual fund supermarket platforms.

"Financial advisors have changed their business models to emphasize fee-based business, and analysis of the business that has come to the Fund via financial advisors validates this trend," said Malcolm Polley, president and chief investment officer, Stewart Capital Advisors. "After careful consideration and analysis, we have decided to make the mutual fund available as a no-load fund, making the investment process less cumbersome for financial advisors participating in this trend and removing barriers for those investors who choose to manage their own investments."

The Fund is available through the following distribution channels: CommonWealth PPS, CommonWealth Universe, DailyAccess Corporation FRIAG, DailyAccess Corporation Mid-Atlantic, Fidelity Institutional FundsNetwork, Fidelity Retail FundsNetwork, Pershing FundCenter, Pershing FundVest NTF, Schwab Institutional, Schwab Institutional Load Waived, Schwab Institutional NTF, Schwab Institutional Only, Schwab RPS All, Schwab RPS SDE, and Scottrade NTF.

The Stewart Capital Mid Cap Fund received a 5-star Overall Morningstar Rating(TM) as of December 31, 2011. The 5-star rating is the highest rating that Morningstar issues and is based on risk-adjusted performance. The Fund was rated 5 stars among 378 mid-cap blend funds for the overall period; 5 stars among 378 mid-cap blend funds for the three-year period; and 5 stars among 312 mid-cap blend funds for the five-year period ended December 31, 2011. In addition, the Fund received a Morningstar Return rating of High and a Morningstar Risk rating of Below Average.

The Stewart Capital Mid Cap Fund seeks long-term capital appreciation by investing primarily in equity securities of a relatively small number of intensively researched US companies the adviser believes sell at a discount to their true business worth or intrinsic value.

The Fund invests primarily in undervalued mid-cap stocks and therefore is subject to the possibility that value stocks or mid-cap stocks may temporarily fall out of favor or perform poorly relative to other types of investments. While stocks of mid-cap companies may be slightly less volatile than those of small-cap companies, they still involve substantial risk. Because the Fund invests in a relatively limited number of securities, it may present greater risk than a more broadly diversified portfolio.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

You should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or a summary prospectus, that contains this and other information about the Fund, please call 877.420.4440 or visit stewartcap.com. Please read the prospectus, or summary prospectus, carefully before investing.

Stewart Capital Mutual Funds are distributed by Grand Distribution Services, LLC, located at 803 West Michigan Street, Milwaukee, WI, 53233.

About Morningstar RatingsFor each fund with at least a three-year history, Morningstar calculates a Morningstar Rating(TM) based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating(TM) for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results.

The Morningstar Risk Rating is an annualized measure of a fund's downside volatility over a three-, five-, or ten-year period. This is a component of the Morningstar Risk-Adjusted Return. Morningstar Risk Rating is derived directly from Morningstar Risk. In each Morningstar Category, the top 10% of investments earn a High rating, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Investments with less than three years of performance history are not rated. The Morningstar's Return rating figures a fund's performance relative to its class based on total returns.

2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

About Stewart Capital Advisors, LLCStewart Capital Advisors, LLC (SCA), a subsidiary of S&T Bank, is based in Indiana, Pennsylvania and is an SEC registered investment advisory firm specializing in the management of value-styled portfolios, in addition to serving as the investment adviser for Stewart Capital Mutual Funds. SCA offers separate account management for public funds, corporations, endowments, foundations, and other subadvised accounts. For more information, visit stewartcap.com.

About S&T Bancorp, Inc.Headquartered in Indiana, PA, S&T Bancorp, Inc. operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson, and Westmoreland counties. With assets of $4.3 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit stbank.com.

SOURCE Stewart Capital Advisors, LLC

Copyright (C) 2012 PR Newswire. All rights reserved
 

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