Alpha Analytics Value Fund Posts 11.5 Percent Return in Third Quarter

Business Wire, Oct 9, 2000

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Oct. 9, 2000

Alpha Analytics Value Fund returned 11.45 percent during the third quarter 2000 according Robert E. Gipson, president of Alpha Analytics, a Los Angeles-based mutual fund company. During that same time, the S&P 500 declined -1.25%

Year-to-date through September 30, 2000 the fund is up 8.91%. The average large cap value fund tracked by Morningstar was up 2.83% and the S&P 500 was down -1.43% for this same period. The Alpha Analytics Value Fund was the top performing large cap value fund in 1999.

"Our third quarter performance helped our year-to-date numbers," says Brian M. Barish, portfolio manager and president of Englewood, Colo.-based Cambiar Investors, which oversees the fund's investment portfolio. "The Value Fund was able to weather and capitalize on the unusual volatility of the markets so far this year. The fund identified numerous attractive values following the declines of both old economy stocks in the first quarter and technology stocks in the second quarter. Some of the best performing old economy stocks in the third quarter were in our portfolio and included Met Life Insurance (MET), Transocean Offshore (RIG), and Abbott Laboratories (ABT). Strong technology performance came from our holdings in 3Com Corp (COMS), Palm (PALM) and JD Edwards (JDEC)." Barish believes as we move into the fourth quarter, market volatility will remain a challenge for all investment managers. "We're confident, however, that the Alpha Analytics Value Fund can continue to identify attractively valued stocks in many different market sectors."

The minimum initial investment for this no-load fund is $2,500 (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. The annual expense ratio is 1.30 percent.

Alpha Analytics Investment Group, LLC is headquartered in Los Angeles, California with regional offices in Silver Spring, Maryland and Pleasanton, California. 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 AmeriMutual Fund Distributors, Inc., 150 Motor Parkway, Hauppage, New York, 11788-5108.

The Alpha Analytics Value Fund is available through Schwab's Mutual Fund OneSource(R) Service under the Schwab ticker symbol: "AVF1Z" (AVF-one-Z). Schwab can be reached online at www.schwab.com or by calling 1-800-4-NO-LOAD.

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.