GoalMine Now Offers Access to 5-Star Mutual Fund For $25
Gratio Values Fund Earns Top Inaugural Morningstar Rating
SAN FRANCISCO, April 11, 2011 - The Gratio Values Fund (GRVLX) marked its three-year anniversary in February with an inaugural top rating of five stars from Morningstar and returns that ranked in the top one percent of 400 funds in the Mid-Cap Value category for the three-year period ending March 31, 2011, based on risk-adjusted performance.
The Gratio Values Fund is one of three ways consumers can start investing and saving for $25 with GoalMine, an investing service launched this fall that seeks to bring all consumers – regardless of investing knowledge or income level – a simple and affordable way to advance their financial goals.
“This rating makes us proud for reasons that go beyond the Fund’s performance to its reason for being – with GoalMine, we’ve made sure anyone who wants to invest with as little as $25 can, and now they can do it with a top rated Morningstar fund,” said Rimmy Malhotra, GoalMine’s co-creator and Chief Investment Officer of Gratio Capital, Inc.
Morningstar is an independent investment research firm that assigns objective ratings to funds with at least three years of performance history based on a mathematical evaluation of a fund’s past performance, including returns and risk. The highest rating of five stars goes to the top 10 percent of funds in a category of funds with similar investing approaches.
The Gratio Values Fund seeks long-term growth of capital from investments in small- to mid-sized U.S. companies it believes are undervalued. The Fund is managed by Gratio Capital, Inc., a San Francisco-based asset management firm dedicated to helping Americans build wealth. Accounts are available through GoalMine.com. Prospective investors can also purchase the fund through E-Trade, First Southwest, Scottrade and TD Ameritrade by using the GRVLX ticker, or they can follow the instructions for opening an account on the Gratio funds website.
Continued Malhotra, “We also see this as a great learning opportunity for our customers, many of whom are investing for the first time with GoalMine, and one of many ways we hope to make reaching financial goals with GoalMine as much about what they build in their accounts as what they learn along the way.”
GoalMine users can learn more about Morningstar ratings by visiting the GoalMine blog at http://www.goalmine.com/blog/morningstar.
To see the Morningstar rating of the Gratio Values fund on the Morningstar website and for other information about the fund, go to http://quote.morningstar.com/fund/f.aspx?t=GRVLX.
With accounts starting at $25, simple-to-understand investment plans, social sharing features, and an innovative "gift card" model that allows friends and family to help users reach their goals, GoalMine seeks to offer a simple and affordable way for everyone to advance their financial goals, regardless of investing knowledge or income level. Consumers nationwide can open a GoalMine account, set up a goal, choose a financial product and start sharing that goal with friends and family – all at no cost and with no obligation – by visiting www.goalmine.com.
GoalMine also offers FDIC-insured savings accounts. Details on GoalMine savings accounts, including the current annual percentage yield (APY), are available at www.goalmine.com/fdic-insured-savings-account.
About the Morningstar Rating™
Morningstar has awarded a 5 Star Rating to Gratio Values Fund (GRVLX) for the three-year period ending March 31, 2011. Past performance is no guarantee of future results.
Morningstar Proprietary Ratings reflect risk-adjusted performance through March 31, 2011. Their ratings are subject to change every month. Morningstar ratings are calculated from the funds’ 3, 5 and 10-year returns (as applicable), with fee adjustments in excess of 90-day Treasury bill returns, and a risk factor that reflects fund performance below 90-day T-Bill returns. The top 10% of the funds in a rating universe receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. Past performance is no guarantee of future returns. 2011 Morningstar, Inc. All Rights Reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content provider are responsible for any damages or losses arising from any use of this information.
About Gratio Capital
Gratio Capital is a San Francisco-based asset manager spearheading a movement to provide all consumers, regardless of investing knowledge or income level, with access to simple and affordable tools that help them build toward their financial goals. With its GoalMine product, Gratio Capital empowers all consumers to start investing and saving with social tools and a "gift card" model that allows them to share investing with their friends and family. Gratio Capital also acts as the investment advisor to the Gratio Values Fund. Like its fellow MPOWER Labs (www.mpowerlabs.com) portfolio companies, Gratio Capital is committed to creating products and services that will foster empowerment and prosperity in underserved markets. For more information, visit www.gratiocapital.com.
Mid-Cap mutual funds typically invest in mid-sized companies whose market capitalization is between $2 Billion and $10 Billion. Investing involves risk. Investment return and principal value of an investment will fluctuate, and an investor’s shares, when redeemed, may be worth more or less than their original cost.
Mutual Funds are not FDIC insured and involve risk including possible loss of principal. The Gratio Values Fund is a non-diversified fund that invests in small and mid-capitalization companies that may be more vulnerable than larger, more established organizations. Non-diversification risk means the Fund is more vulnerable to events affecting a single issuer.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Gratio Values Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 877-25-GRATIO. The prospectus should be read carefully before investing. The Gratio Values Fund is distributed by Northern Lights Distributors, LLC member FINRA. Gratio Capital is not affiliated with Northern Lights Distributors, LLC.
Meredith DeSpain Kelsey