|View printer-friendly version|
|WM Group of Funds' Mid Cap Stock Fund Marks First Year with Top Performance|
SEATTLE--(BUSINESS WIRE)--March 15, 2001--WM Group of Funds' Mid Cap Stock Fund marked its first anniversary on March 1 after a year of top performance.
The fund returned 38.41% for a one-year period ending Feb. 28, 2001, and was recognized by Lipper Analytical Services.
Bill Papesh, president, WM Advisors, the Group of Funds' advisory unit, said the small fund family added the Mid Cap Stock Fund last year to provide an avenue for those seeking a value-oriented investment in mid-sized companies.
"We worked very hard this year to create a high-performing investment in mid-sized companies, and are pleased that the fund has done so well," Papesh said.
Since inception on March 1, 2000, the Mid Cap Stock Fund ranked second in its Lipper peer group out of 151 funds, placing it in the top 2%(1). From March 1, 2000, through Feb. 28, 2001, the fund's A shares returned 38.41%, significantly outpacing the S&P 400 Mid-Cap index(2), which returned 8.93%. Lipper's Mid Cap Core Funds median performance was -7.00% for the same period.
"The fund is heavily weighted in the healthcare, technology and finance sectors," said Randy Yoakum, WM Advisors' chief investment officer. "We expect this fund, and the mid cap sector overall, to continue to perform well in the coming months."
WM Group of Funds, a 60-year-old mutual fund family, is comprised of 22 mutual funds (including five Strategic Asset Management (SAM) portfolios), and 16 variable annuity sub accounts. The funds account for about $8.5 billion in assets under management.
WM Group of Funds is a family of mutual funds advised by WM Advisors, Inc. ("WMAI"), distributed by WM Funds Distributor, Inc. ("WMFD") and sold through WM Financial Services, Inc. ("WMFS") and other non-affiliated broker dealers. WMAI, WMFD and WMFS are affiliates of Washington Mutual, Inc. (NYSE:WM) For more complete information including fees and expenses please contact your investment representative or WM Group of Funds at 800/222-5852 and request a prospectus. Please read the prospectus carefully before investing.
Mutual Funds are not FDIC insured, nor are they an obligation of or guaranteed by the bank and involve investment risk including the possible loss of the principal amount invested. A mutual fund's share price and investment return will vary with market conditions and the principal value of an investment when you sell your shares may be more or less than your original cost.
(1) The WM Mid Cap Stock Fund Class A was ranked No. 2 by Lipper Analytical Services, out of 151 Mid Cap Core Funds for a one-year period ending 02/28/01. Ranking is based on total return without applicable sales charges or annual operating expenses. Past performance does not guarantee future results.
(2) The S&P 400 Mid-Cap index is an unmanaged but commonly used measure of mid cap stock total return. It is not possible to invest directly in an index.
Total Return as of 02/28/01 WM Mid Cap Stock fund Class A one-year return 30.82% WM Mid Cap Stock fund Class A since inception return (inception date 03/01/00) 30.82%
Returns reflect the maximum appropriate sales charge of 5.5% and reinvestment of all dividends and capital gains.
WM Advisors, Inc. is a subsidiary of Washington Mutual, Inc. (NYSE:WM) With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At December 31, 2000, Washington Mutual and its subsidiaries had assets of $194.72 billion. Washington Mutual currently operates more than 2,000 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's news releases are available at www.wamu.com.
Editor's Note: Washington Mutual's news releases are available at no charge through the company's News On Demand Plus System. For a menu of Washington Mutual news releases or to retrieve a specific release, call 800/329-6236. On the Internet, news releases may be accessed at http://www.businesswire.com/cnn/wm.shtml