Alpha Analytics Digital Future Fund's First Full-quarter Results Tops All Other Tech Funds
LOS ANGELES, Apr 3, 2000 (BUSINESS WIRE) -- Alpha Analytics Digital Future Fund
was the top performing tech fund for first quarter 2000 out of 65 technology
funds tracked by Morningstar, says Robert E. Gipson, president of Alpha
Analytics, a Los Angeles-based mutual fund company.
Returns through March 31, 2000, the fund's first full quarter of operations,
were 48.14%, well ahead of other tech funds including T. Rowe Price Science &
Technology (PRSCX, $15.2 billion in assets, 11.57% return), Janus Global
Technology (JAGTX, $11.8 billion in assets, 19.24% return) and Fidelity Select
Electronics (FSELX, $9.9 billion in assets, 42.11% return) according to
Morningstar. The NASDAQ Composite return through March 31 was 12.37%.
"The Digital Future Fund currently contains 31 securities and only $3 million in
assets," says Gipson. "Because we're small, we have better control of fund
performance than the giants. We don't charge loads like many of the big names,
and our expense ratio after waiver is 1.3%, lower than the technology average of
1.69%."
The top-10 holdings of the fund are: SDL (SDLI), Rambus (RMBS), CMGI (CMGI),
Broadcom (BRCM), JDS Uniphase (JDSU), QLogic (QLGC), Newport (NEWP), SanDisk
(SNDK), TriQuint Semiconductor (TQNT), and Vertel (VRTL).
"We specifically avoided large tech stocks this quarter such as Microsoft
(MSFT), Cisco (CSCO), Lucent (LU) and Intel (INTL), because our proprietary
Quant Model overlay indicated they might dilute the fund's performance. The
Quant Model was right," notes Michael Cohen, co-manager of the fund.
The minimum initial investment for this no-load fund is $5,000 (IRA minimum:
$2,000) with subsequent minimum investments of $250. For participants in
Automatic Investment Plans, the initial investment is $1,000 with subsequent
monthly investments of $100.
Alpha Analytics Investment Group, LLC is headquartered in Los Angeles,
California with a regional office in Silver Spring, Maryland. For more
information on the Alpha Analytics family of mutual funds including charges and
expenses, or to receive a prospectus, contact Alpha Analytics toll free at
1-877-ALPHA40 (1-877-257-4240) or visit Alpha Analytics' website:
www.AlphaAnalytics.com. The Alpha Fund Family is distributed by ADS
Distributors, Inc, 150 Motor Parkway, Hauppage, New York, 11788-5108.
Investors should read the prospectus carefully before investing. The equity
market's reaction to investment dimensions and factors and their impact on
equity returns can and do change over time. Past performance cannot guarantee
future results. The principal value and return of an investment will fluctuate,
so shares when redeemed may be worth more or less than their original cost.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: John Gipson Diane Rumbaugh
Alpha Analytics 805-493-2877
301-384-0083 rumbaugh@earthlink.net
jgipson@alphaanalytics.com
OR
Robert E. Gipson
Alpha Analytics
310-557-8806
rgipson@alphaanalytics.com
OR
Michael D. Cohen
Alpha Analytics
818-592-6453
mcohen@csun.edu
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING
MUTUAL
FUNDS
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