BOSTON–(BUSINESS WIRE)–Oct. 8, 2003–Winslow Management Company announced today that the Winslow Green Growth Fund (WGGFX) finished the third quarter of 2003 with a year-to-date return of 80.56%,including a gain of 18.12% for the quarter.<\/p>\n
In comparison, the 477 small-cap growth funds tracked by Lipper have an average year-to-date return of 28.20%. For the third quarter, the 484 small-cap growth funds tracked by Lipper have an average return of 9.27%.<\/p>\n
WGGFX is also the number five ranked fund out of 465 small-cap growth funds for the one-year period ended Sept. 30, 2003, with a return of 88.33%, compared with an average return of 34.06% for the category, based on Lipper data.<\/p>\n
The fund’s average annual returns for the period ended Sept. 30, 2003 were 88.33% for one-year, 27.00% for five years, and 19.97% since inception on May 3, 1994. As always, past performance is not predictive and is not a guarantee of future results(a).<\/p>\n
“Winslow’s investing philosophy is based on the premise that companies that care about the environment also care about their shareholders,” said President and lead Portfolio Manager Jackson W. Robinson. “We believe the historical performance of the Winslow Green Growth Fund validates that premise.”<\/p>\n
WGGFX easily surpassed the returns of its benchmarks, the Russell 2000 Growth Index, which finished the quarter with a 10.47% gain (31.82% year-to-date), and the Russell 2500 Index, which ended the quarter up 8.75% (27.15% year-to-date). The S&P Index finished the quarter with a 2.65% gain (14.71% year-to-date), while the Nasdaq Composite Index finished up 10.22% (34.26% year-to-date).<\/p>\n
“Unlike most other SRI funds, the Winslow Green Growth Fund uses both positive and negative screens,” said Portfolio Manager Matthew W. Patsky. “Funds that just use negative screens are only half green. Positive screens give us an opportunity to invest in companies that are truly helping the environment.”<\/p>\n
Top 10 holdings in the Winslow Green Growth Fund as of September 30, 2003 included: PolyMedica (Ticker symbol: PLMD), Chiquita Brands Int., Inc. (CQB), Ionics, Inc. (ION), Headwaters, Inc. (HDWR), Alkermes, Inc. (ALKS), Advanced Fibre Comm., Inc. (AFCI), Sonic Solutions (SNIC), Flamel Technologies, S.A. (FLML), Surmodics (SRDX), Harris Interactive (HPOL).<\/p>\n
Winslow Management uses both traditional financial analysis and an environmental screening process developed internally.<\/p>\n
The Fund’s performance began to outperform the market a year ago, when Robinson and Patsky adjusted their investment strategy and removed stocks they believed would under-perform until the economy recovered. While the economy is recovering, they intend to stick with their strategy.<\/p>\n
New investments have concentrated primarily in “new growth” areas, such as the Healthy Living(R) and medical products sectors, Robinson said. Robinson and Patsky believe those sectors are well positioned to be strong performers.<\/p>\n
The Winslow Green Growth Fund is an aggressive growth equity portfolio seeking above-average performance and long-term capital appreciation through environmentally responsible investing. The fund invests primarily in domestic securities of small- and mid-cap companies that Winslow believes are reasonably priced and demonstrate potential for superior growth. The Winslow Green Growth Fund is a no-load, open-end mutual fund for individuals and institutions seeking an investment that reflects their environmental commitment.<\/p>\n
Winslow Management Company (www.winslowgreen.com) seeks to invest in high growth and environmentally proactive and environmentally sensitive companies. From its inception in 1984, Winslow has been investing the assets of high-net-worth individuals, non-profit institutions, and pension funds in growth companies that are environmentally sensitive. Its products and services include: The Winslow Green Growth Fund, an aggressive equity growth fund open to individual and institutional investors; The Green Century Balanced Fund(b), to which it is the subadviser; individual portfolio management for high-net-worth individuals and institutions, and a hedge fund that is open to qualified clients. Based in Boston, Winslow manages assets totaling approximately $220 million as of 9\/30\/03.<\/p>\n
(a) Past performance is no guarantee of future returns. Market volatility can significantly affect short-term performance. Results of an investment made today may differ substantially from the Fund’s historical performance. For more current performance, please call (888) 314-9049 or visit the Fund’s Web site at www.wggf.com. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than original cost. The Fund’s return assumes the reinvestment of dividend and capital gain distributions. For the period reported, some of the Fund’s fees were waived or expenses reimbursed; otherwise, total return would have been lower.<\/p>\n
The Fund invests in small- and medium-sized companies which pose greater risks than those associated with larger, more established companies. Forum Fund Services, LLC is the distributor for the Winslow Green Growth Fund. For additional information about this Fund, including fees and expenses, request a prospectus by calling 888-314-9049. Please read the prospectus carefully before investing.<\/p>\n
The Russell 2500 Index is a market capitalization-weighted index of 2500 stocks. The Russell 2000 Growth Index measures the performance of Russell 2000 companies with high price-to-book ratios and high forecasted growth values. The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. The Nasdaq Composite index is an unmanaged index representing the market cap weighted performance of approximately 5,000 domestic common stocks traded on the Nasdaq exchange. No one can invest directly in an index. The Lipper averages and rankings are compiled by Lipper, Inc., an independent mutual fund research and rating service. Lipper ranks funds in various fund categories by making comparative calculations using total returns and each Lipper average represents a universe of funds that are similar in investment objective. As of September 30, 2003, the top 10 holdings in the Fund’s portfolio constituted 52.27% of the total portfolio.<\/p>\n
Prior to April 1, 2001, the Adviser managed a common trust fund with an investment objective and investment policies that were, in all material respects, equivalent to those of the Fund. The Fund’s performance for periods before April 1, 2001 is that of the common trust fund and reflects the expenses of the common trust fund. If the common trust fund’s performance had been readjusted to reflect the estimated expenses of the Fund for its first fiscal year, the performance would have been lower. The common trust fund was not registered under the Investment Company Act of 1940 (“1940 Act”) and was not subject to certain investment limitations, diversification requirements, and other restrictions imposed by the 1940 Act and the Internal Revenue Code, which, if applicable, may have adversely affected its performance.<\/p>\n
(b) For a free prospectus with more complete information, including fees and expenses, please call 1-800-93-GREEN or visit www.greencentury.com. Please read the prospectus carefully before you invest or send money. Like all funds invested in stocks, the Green Century Balanced Fund’s share price will fluctuate daily depending on the performance of the companies that comprise the Fund’s investments. The universe of securities that the Fund may invest in is more limited compared to those of funds that don’t apply any environmental criteria. Under certain economic conditions, that means the Fund’s performance could be better or worse than the market as a whole.<\/p>\n
Distributor: UMB Distribution Services, LLC 10\/03.<\/p>\n","protected":false},"excerpt":{"rendered":"
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