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TO BUSINESS, AND NATIONAL EDITORS:
Meritage Expands Reach with Three Mutual Funds
OVERLAND PARK, Kan., April 1, 2014 /PRNewswire-USNewswire/ -- Meritage
Portfolio Management announced today that it launched three equity
mutual funds on December 20, 2013. The new funds, the Meritage Value
Equity Fund (MPVEX/MVEBX), Meritage Growth Equity Fund (MPGEX,MPGIX)
and the Meritage Yield-Focus Equity Fund (MPYEX/MPYIX), follow the
same proprietary investment process the firm developed, tested and
refined in over two decades of successfully managing separate accounts
for individuals and institutions. The hallmarks of the firm's approach
to investing are:
-- A value-driven mindset, emphasizing a margin of safety between our
estimated value of the security and the market price;
-- A systematic investment process, combining the power of
quantitative research with the benefit of qualitative analysis focused
on managing risk; and
-- An opportunistic mentality, leading the portfolio managers to
invest in their best ideas, regardless of market cap size, in both
domestic and foreign markets.
"We believe that the Meritage advantage comes from the combination of
our team's breadth of investment experience and our robust
quantitative research and ranking process," explains Mark Eveans,
Meritage president and chief investment officer. "Our discipline
begins with a highly evolved quantitative process - our comprehensive
research that follows results in high conviction in our holdings."
Meritage emphasizes "optimal diversification" in constructing its
mutual fund portfolios, which is the firm's concept of being
concentrated enough to generate attractive excess returns yet
diversified enough to help manage risk. The resulting portfolios will
typically be invested in 45 - 60 companies.
All three funds seek to provide investors with growth of capital, but
through different means. The Value Equity Fund and Growth Equity Fund
generally invest in businesses with characteristics similar to those
in the Russell 1000 Value Index and the Russell 1000 Growth Index,
respectively. The Meritage Yield-Focus Equity Fund takes a
comprehensive approach in searching for attractive equity income
opportunities. In addition to investing in high yielding common
stocks, it also invests in master limited partnerships (MLPs), real
estate investment trusts (REITs), convertible preferred stocks,
non-convertible preferred stock and business development companies
(BDCs).
The Meritage mutual funds are available through financial advisors and
directly through Meritage Portfolio Funds with a minimum initial
investment of $2,500. More information is available at
www.meritageportfoliofunds.com.
About Meritage Portfolio Management
Meritage Portfolio Management, adviser to the funds, is an
independently-owned, boutique investment firm located in Overland
Park, Kansas. It has been managing assets in separately managed
accounts since 1991 for institutions, families and corporations. In
2013 Meritage launched mutual funds based on its three equity
strategies: Value, Growth and Yield-Focus Equity. The firm's search
for stocks with above average return potential is value centric and
quantitatively driven. Meritage has total assets under management in
excess of $1.3 billion.
Mutual funds involve risk, including possible loss of principal.
Past performance is no guarantee of future results. The investment
return and principal value of an investment in the Funds will
fluctuate so that an investor's shares, when redeemed, may be worth
more or less than their original cost.
The Fund(s) may invest in smaller companies, which involves additional
risks such as limited liquidity and greater volatility. Investments in
emerging markets involve greater risks. Foreign investments, including
ADRs, are subject to sovereign risk and may be adversely affected by
changes in currency exchange rates, future political and economic
developments, and the possible imposition of exchange controls or
other foreign governmental laws or restrictions.
Master Limited Partnerships (MLPs) are subject to certain risks
inherent in the structure of MLPs, including complex tax structure
risks, limited ability for election or removal of management, limited
voting rights, potential dependence on parent companies or sponsors
for revenues to satisfy obligations, and potential conflicts of
interest between partners, members and affiliates. MLPs, also known as
publicly traded partnerships, predominately operate, or directly or
indirectly own, energy-related assets.
REITS are companies that pool investor funds to invest primarily in
income producing real estate or real estate related loans or
interests. Investors should be aware of the risks involved with
investing in Real Estate Investment Trusts (REITs) and real estate
securities, such as declines in the value of real estate and increased
susceptibility to adverse economic or regulatory developments.
Given the significant differences between separately managed accounts
and mutual funds, investors should consider the differences in
expenses, tax implications and the overall objectives between
separately managed accounts and mutual funds before investing. Past
performance of the strategy/separately managed account is not
indicative of future performance of the fund.
Investments in international markets present special risks including
currency fluctuation, the potential for diplomatic and political
instability, regulatory and liquidity risks, foreign taxation and
differences in auditing and other financial standards. Risks of
foreign investing are generally intensified for investments in
emerging markets.
Diversification does not ensure a profit or guarantee against loss.
Investors should carefully consider the investment objectives, risks,
charges and expenses of the Meritage Mutual Funds. This and other
important information about the Funds is contained in the Prospectus,
which can be obtained by calling Shareholder Services at (855)
261-0104. The Prospectus should be read carefully before investing.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian
Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)
SOURCE Meritage Portfolio Management
-0- 04/01/2014
/CONTACT: Meritage Portfolio Funds, Diarmuid Boran, Managing Director, Business Development, 913-345-7000, dboran@meritageportfolio.com; SunStar Strategic, Hibre Teklemariam, 703-299-8390, hteklemariam@sunstarstrategic.com
CO: Meritage Portfolio Management
ST: Kansas
IN: FIN MFD
SU: ECO INO
PRN
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