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News for Pearl Shareholders
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1
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Pearl Total Return Fund Overview
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2 - 4
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Pearl Aggressive Growth Fund Overview
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5 - 7
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General Information
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8 - 10
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IRA Contribution Limits for 2011
(IRA — Individual Retirement Account, all types)
● You may contribute $5,000 to your IRA in 2011.
● The 2011 limit is $6,000 if you are age 50 or over.
The extra $1,000 is called a catch-up contribution.
● These limits apply to both Roth and Traditional IRAs.
IRA contribution limits may be different in future years.
More Good News:
● You can use Pearl Funds (either or both) for all types of IRAs and IRA rollovers.
● No maintenance fee for your Pearl IRA — or for any Pearl Funds account.
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Did you know?
We are shareholders too!
All our Trustees, Officers, and employees, plus our Manager and all its shareholders,
are Pearl Funds shareholders.
Together we own more than $8 million of Pearl Funds shares at 3-31-11.
We eat our own cooking!
When your Pearl Funds investment goes up or down, so does ours!
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Pearl Total Return Fund |
● | Through March 31, 2011, the value of an investment in Pearl Total Return Fund grew 13.80% during the last 5 years and grew 106.89% over the last 10 years (not annualized). |
Average Annual Total Returns for periods ended March 31, 2011 with dividends reinvested: **
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Year-to-Date, not annualized
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1 year
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3 years
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5 years
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10 years
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Pearl Total Return Fund
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+ 4.36%
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+ 13.34%
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+ 0.60%
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+ 2.62%
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+ 7.54%
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Dow Jones Wilshire 5000 Index
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+ 6.06%
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+ 17.50%
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+ 3.83%
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+ 3.27%
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+ 4.62%
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MSCI World Index
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+ 4.80%
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+ 13.45%
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- 0.25%
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+ 2.08%
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+ 4.21%
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Standard & Poor’s 500 Index
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+ 5.92%
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+ 15.65%
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+ 2.36%
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+ 2.62%
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+ 3.29%
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Did you know?
Your Pearl Investment Management Team — Rob Solt, Dave Stanely, and Rich Phillips — together
have over 52 years of experience in mutual funds investment management.
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Pearl Total Return Fund |
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Pearl Total Return Fund had a + 4.36% total return for the 3 months ended March 31, 2011. This Fund had a + 13.34% total return for the 1 year ended March 31, 2011.
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During the 5 years through March 31,2011, Pearl Total Return Fund was up 13.80% while the 3 comparison indexes were up 14.03% on average (not annualized): Dow Jones Wilshire 5000 up 17.45%, MSCI World up 10.84%, and S&P 500 up 13.80% (not annualized).
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During the 10 years through March 31, 2011, Pearl Total Return Fund was up 106.89% while the 3 comparison indexes were up 48.78% on average (not annualized). The Fund outperformed all 3 comparison indexes during that period: Dow Jones Wilshire 5000 up 57.09%, MSCI World up 51.04%, and S&P 500 up 38.22% (not annualized).
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Your Fund outperformed all 3 comparison indexes during the 10 years ended March 31, 2011. We believe this outperformance is significant because (a) it was achieved during both rising and falling stock markets, and (b) usually less than 80% of Pearl Total Return Fund’s total assets were invested in stocks, as measured by the holdings of the mutual funds in the Fund’s portfolio. The 3 comparison indexes always consist of 100% stocks.
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Your Fund’s total return was + 14.69% in 2010, + 26.05% in 2009, - 38.67% in 2008, + 10.37% in 2007, + 20.67% in 2006, + 11.55% in 2005, + 16.83% in 2004, + 35.73% in 2003, - 10.75% in 2002, and + 3.13% in 2001.
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All Pearl Funds performance figures are after deducting all expenses (all fees, transaction costs, etc.) — including all expenses of your Fund and all expenses of all the mutual funds in its portfolio. In contrast, the total returns of indexes do not reflect any expenses.
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NAV (net asset value) per share: | $11.98 — up from $11.48 at 12-31-10 | |
Net assets: | $86,470,616 — up from $84,131,609 at 12-31-10 |
Did you know?
Because of their large purchases, Pearl Funds are often able to purchase Institutional class shares of
mutual funds. Those special classes usually have lower expense ratios than the share classes most
investors would be able to purchase on their own.
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Pearl Total Return Fund |
Did you know?
Pearl Funds offer you an Automatic Investment Plan
that allows you to make regular monthly investments
by electronic transfer from your bank account in the amount you choose.
To begin this plan, the minimum investment is $1,000;
then the minimum monthly investment is $100.
For information, call 866-747-9030 (toll-free)
or go to www.pearlfunds.com/application_information.htm
Systematic investing does not ensure a profit.
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Pearl Aggressive Growth Fund |
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Through March 31, 2011, the value of an investment in Pearl Aggressive Growth Fund grew 18.22% during the last 5 years and grew 130.01% during the 9¾ years from this Fund’s inception (July 2, 2001) (not annualized). The Fund outperformed all 3 comparison indexes during the last 5 years and the 9¾ years since this Fund’s inception.
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Average Annual Total Returns for periods ended March 31, 2011 with dividends reinvested: **
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Year-to-Date, not annualized
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1 year
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3 years
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5 years
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9¾ years, since inception
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Pearl Aggressive Growth Fund
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+ 3.34%
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+ 16.75%
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+ 0.44%
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+ 3.40%
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+ 8.92%
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Dow Jones Wilshire 5000 Index
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+ 6.06%
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+ 17.50%
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+ 3.83%
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+ 3.27%
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+ 3.98%
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MSCI World Index
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+ 4.80%
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+ 13.45%
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- 0.25%
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+ 2.08%
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+ 4.04%
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Standard & Poor’s 500 Index
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+ 5.92%
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+ 15.65%
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+ 2.36%
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+ 2.62%
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+ 2.78%
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Pearl Aggressive Growth Fund |
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Pearl Aggressive Growth Fund had a + 3.34% total return for the 3 months ended March 31, 2011. This Fund had a + 16.75% total return for the 1 year ended March 31, 2011.
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During the 5 years through March 31, 2011, Pearl Aggressive Growth Fund was up 18.22% while the 3 comparison indexes were up 14.03% on average (not annualized). The Fund outperformed all 3 comparison indexes during that period: Dow Jones Wilshire 5000 up 17.45%, MSCI World up 10.84%, S&P 500 up 13.80% (not annualized).
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During the 9¾ years from this Fund’s inception (July 2, 2001) through March 31, 2011, Pearl Aggressive Growth Fund was up 130.01% while the 3 comparison indexes were up 41.38% on average (not annualized). The Fund outperformed all 3 comparison indexes during that period: Dow Jones Wilshire 5000 up 46.36%, MSCI World up 47.16%, S&P 500 up 30.63% (not annualized).
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Your Fund outperformed all 3 comparison indexes through March 31, 2011 for the last 5 years and the 9¾ years since this Fund’s inception (July 2, 2001). We believe this outperformance is significant because (a) it was achieved during both rising and falling stock markets, and (b) usually less than 95% of the Fund’s total assets were invested in stocks, as measured by the holdings of the mutual funds in the Fund’s portfolio. The 3 comparison indexes always consist of 100% stocks.
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Your Fund’s annual total return was + 18.71% in 2010, + 54.34% in 2009, - 52.83% in 2008, + 19.11% in 2007, + 22.10% in 2006, + 18.01% in 2005, + 17.60% in 2004, + 53.36% in 2003, - 17.27% in 2002, and + 0.60% in the last 6 months of 2001.
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All Pearl Funds performance figures are after deducting all expenses (all fees, transaction costs, etc.) — including all expenses of your Fund and all expenses of all the mutual funds in its portfolio. In contrast, the total returns of indexes do not reflect any expenses.
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NAV (net asset value) per share: | $13.31 — up from $12.88 at 12-31-10 | |
Net assets: | $47,261,915 — up from $45,989,019 at 12-31-10 |
Pearl Aggressive Growth Fund |
Did you know?
Pearl Management Company, the Funds’ Manager, receives compensation only from Pearl Funds.
Pearl Management Company does not manage any other funds or accounts
except Pearl Management Company’s own investment assets.
We believe this single focus on Pearl Funds helps your Management
to avoid conflicts of interest and give Pearl shareholders the top-priority service you deserve.
We give you prompt, personal service. When you call us, a real, live person will take your call.
You can talk with one of our Officers or Portfolio Managers. You will get a straight answer.
If we don’t know the answer, we will find it and get back to you fast.
Your calls, e-mails, and faxes come directly into our office, to help us respond to you quickly.
We handle all inquiries, shareholder accounts, and transactions within our office in Muscatine, Iowa.
Because you and your concerns are important to us, we do this work ourselves
instead of hiring it out to some big, faceless company that puts you on hold.
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Did you know?
Current performance, daily prices (net asset value), and recent portfolio holdings of both
Pearl Funds are available at www.pearlfunds.com.
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