Published:
Strong Performance and Lower Fees Mark Five-Year Anniversary for Multi-Manager Long-Short Mutual Fund
TOPEKA, Kan. andNEW YORK, Sept. 4 /PRNewswire/ -- Security Global
Investors (SGI) announced the Security Alpha Opportunity Fund, one of the
marketplace's first mutual funds with long-short exposure, marked five years
of benchmark-beating returns, earning a 4-Star rating from Morningstar. Since
its inception in July 2003 through July 31, 2008, the Alpha Opportunity Fund
(SAOAX) returned 11.91% on an annualized basis, versus 6.66% for the broad S&P
500 index.
"In the market environments that we've experienced over the last several
years, all investors need access to diverse investment alternatives," said
Marc Zeitoun, Head of Product Development at SGI. "The Alpha Opportunity Fund
provides retail investors institutional-quality hedge fund management that
they can purchase from their financial advisors, whether in a mutual fund or
variable annuity. It's one of the only long-short funds retail investors can
buy that has proven itself over a five-year period."
SGI celebrated the fund's five-year anniversary by lowering fees for
clients and simplifying the fee structure, reducing the expense ratio to 1.95%
-- a reduction of 70 basis points. The fee reduction will benefit
shareholders and make the multi-managed Alpha Opportunity Fund one of the more
competitively priced long-short hedge-fund related strategies in the retail
market.
"At a time when investors are increasingly turning to long-short equity
strategies as a means of enhancing portfolio returns, SGI is proud to offer a
global fund with an established, long-term record," noted Zeitoun. "Given its
risk characteristics, the fund could serve as a core holding."
Alpha Opportunity Fund
A Share Average Annual Total Return (as of 7/31/2008)
Since
Trailing 1 Trailing 3 Trailing 5 Inception
Year-to-Date Year Years Years 7.7.2003
Excluding Sales
Charge -6.54% -0.69% 8.76% 11.87% 11.91%
Including Max Sales
Charge of 5.75% -11.91% -6.39% 6.64% 10.54% 10.60%
S&P 500 Index -12.65% -11.09% 2.85% 7.03% 6.66%
On August 21, 2008, the Fund introduced a new allocation to global
equities. Please refer to the prospectus for detailed information on the
changes.
About Security Global Investors
Security Global Investors (SGI) is the asset management arm of Security
Benefit Corporation. It consists of Security Investors, LLC for domestic
investing and Security Global Investors, LLC for global investing. Both are
collectively referred to as SGI. The firm manages more than $9 billion in
assets (as of 6.30.08) on behalf of retirement programs, insurance companies,
mutual funds, individual qualified and non-qualified plans, and institutional
investors. Security Global Investors, founded in 1962, has 64 employees
(including 33 investment professionals) with investment teams inTopeka, KS;
Irvington, NY; andSan Francisco. Investment strategies include global
long-only and global long-short portfolios, U.S. value equity, high-yield, and
specialty fixed income in separate accounts, mutual funds, unregistered funds,
and insurance trusts.
The performance quoted represents past performance. Past performance does
not guarantee future results. The 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. Current performance may be higher
or lower than the performance data quoted. For the most recent month-end
performance go to www.securitybenefit.com.
You should consider the investment objectives, risks, and charges and
expenses of the mutual funds available under the Security Funds carefully
before investing. You may obtain a prospectus that contains this and other
information about the mutual funds by calling our National Service Center at
1-800-888-2461. You should read the prospectus carefully before investing.
Investing in mutual funds involves risk and there is no guarantee of
investment results.
The Fund's investment adviser is Security Global Investors (SGI). SGI is
Security Benefit's asset management arm and is comprised of Security Global
Investors, LLC and Security Investors, LLC, registered investment advisers.
Securities are distributed by Security Distributors, Inc. (SDI), an affiliate
of SGI. SDI & SGI are subsidiaries of Security Benefit Corporation ("Security
Benefit").
*The S&P 500 Index is an index consisting of 500 stocks chosen for market
size, liquidity and industry grouping, among other factors. The S&P 500 is
designed to be a leading indicator of U.S. equities and is meant to reflect
the risk/return characteristics of the large-cap universe. The S&P 500 is a
market-value weighted index - each stock's weight in the index is
proportionate to its market value.
Security Distributors, Inc.
Overall Morningstar Rating(TM)
Out of 410 Mid-Cap Blend funds. An investment's overall Morningstar
Rating, based on its risk-adjusted return, is a weighted average of its
applicable 3-, 5-, and 10-year Ratings.
Morningstar Rating(TM) - Often simply called the Star Rating, the
Morningstar Rating brings load-adjustments, performance (returns) and risk
together into one evaluation. To determine a fund's star rating for a given
time period (three, five, or ten years), the fund's risk-adjusted return is
plotted on a bell curve: If the fund scores in the top 10% of its category, it
receives 5 stars (Highest); if it falls in the next 22.5% it receives 4 stars
(Above Average); a place in the middle 35% earns 3 stars (Average); those
lower still, in the next 22.5%, receive 2 stars (Below Average); and the
bottom 10% get only 1 star (Lowest). The Overall Morningstar Rating is a
weighted average of the available three-, five-, and ten-year ratings.
SOURCE Security Global Investors
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Copyright © 2009, NewsBlaze,
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