PORTLAND, Ore., Nov. 7, 2005 (PRIMEZONE) -- IMS Capital Management announced today that its flagship fund, IMS Capital Value Fund (Nasdaq:IMSCX), was recently added to the Schwab Mutual Fund OneSource Select List(tm). The Select List includes no load, no transaction fee mutual funds that have been researched and analyzed by Schwab's expert team of analysts.
As part of their fund selection process, analysts at the Schwab Center for Investment Research(r) apply rigorous quantitative and qualitative screens. Mutual funds are evaluated for risk, performance, expenses, style consistency, and diversification as well as assets under management and cash flows. Other factors such as management strategy, portfolio composition and management tenure are also considered. To help investors meet their investment and diversification needs, the Select List consists of funds from all the major asset categories. The goal is to provide investors with a way to sort through the thousands of available mutual funds with a carefully screened list of top tier offerings.
The IMS Capital Value Fund is categorized as a mid cap blend fund on the Select List and is one of just two funds in this category. Managed by Carl W. Marker for over 9 years, the Fund currently sports a five-star Morningstar Rating(tm) for 3-year performance, a four-star rating for 5-year performance and an Overall four-star rating for the periods ended September 30, 2005 among 309, 196, and 309 mid cap blend funds, respectively.
For funds with at least a 3-year history, Morningstar calculates a Morningstar Rating(tm) metric each month by subtracting the return on a 90-day U.S. T-Bill from the fund's return for the same period, and then adjusting the excess return for risk. The top 10% of funds in a 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. The Overall Morningstar Rating 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. (c) 2005 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.
Average Annual Total Returns as of 9/30/05
Qtr 1 Year 3 Years 5 Years Since
Inception(1)
IMS Capital Value
Fund 4.90% 20.82% 27.86% 13.06% 12.93%
S&P 500 3.60% 12.21% 16.69% -1.50% 8.67%
(1) 8/5/96
The performance data quoted represents past performance, and is no guarantee of future results. Current and monthly performance data may be lower or higher than the performance quoted and is available at www.imscapital.com. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Figures include changes in principal value, reinvested dividend and capital gain distributions. The S&P 500 index is a widely recognized unmanaged index of common stock prices and is representative of a broader market and a broader range of securities than are found in the Fund's portfolio. Individuals cannot invest directly in the Index. Performance figures reflect the change in value of the stocks in the index and reinvestment of dividends.
In response to the Select List designation, IMS Capital Value Fund Manager Carl W. Marker remarked, "We're pleased to be added to this elite group of mutual funds. Our goal has always been to generate consistently superior returns by applying a unique strategy of investing in seasoned, undervalued mid cap stocks with positive momentum. We look forward to serving investors that may not have found the Fund before now."
Based in Portland, Oregon with offices in Seattle, Washington and San Jose, California, IMS Capital Management is dedicated to helping investors and their advisors build wealth wisely(r). Independently owned and operated, IMS is a boutique value shop with an entrepreneurial culture. The firm manages over $740 million in assets as of September 30, 2005, including three no load mutual funds ($190 million) and employs ten full time employees. For more information, please call 1-800-408-8014 or visit www.imscapital.com.
The funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. The prospectus may be obtained by calling 800-408-8014 or visiting www.imscapital.com. Distributed by Unified Financial Securities, member NASD.