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Stewart Capital mid cap fund now available no-load


The Stewart Capital Mid Cap Fund (Ticker: SCMFX) is available for direct purchase to the public as a no-load mutual fund available through most mutual fund supermarket platforms.

"Financial advisors have changed their business models to emphasise fee-based business, and analysis of the business that has come to the Fund via financial advisors validates this trend," says Malcolm Polley, president and chief investment officer, Stewart Capital Advisors.  "After careful consideration and analysis, we have decided to make the mutual fund available as a no-load fund, making the investment process less cumbersome for financial advisors participating in this trend and removing barriers for those investors who choose to manage their own investments."

The Fund is available through the following distribution channels: CommonWealth PPS, CommonWealth Universe, DailyAccess Corporation FRIAG, DailyAccess Corporation Mid-Atlantic, Fidelity Institutional FundsNetwork, Fidelity Retail FundsNetwork, Pershing FundCenter, Pershing FundVest NTF, Schwab Institutional, Schwab Institutional Load Waived, Schwab Institutional NTF, Schwab Institutional Only, Schwab RPS All, Schwab RPS SDE, and Scottrade NTF.

The Stewart Capital Mid Cap Fund received a 5-star Overall Morningstar Rating as of 31 December , 2011. The 5-star rating is the highest rating that Morningstar issues and is based on risk-adjusted performance. The Fund was rated 5 stars among 378 mid-cap blend funds for the overall period; 5 stars among 378 mid-cap blend funds for the three-year period; and 5 stars among 312 mid-cap blend funds for the five-year period ended December 31, 2011. In addition, the Fund received a Morningstar Return rating of High and a Morningstar Risk rating of Below Average.

The Stewart Capital Mid Cap Fund seeks long-term capital appreciation by investing primarily in equity securities of a relatively small number of intensively researched US companies the adviser believes sell at a discount to their true business worth or intrinsic value.

The Fund invests primarily in undervalued mid-cap stocks and therefore is subject to the possibility that value stocks or mid-cap stocks may temporarily fall out of favour or perform poorly relative to other types of investments. While stocks of mid-cap companies may be slightly less volatile than those of small-cap companies, they still involve substantial risk. Because the Fund invests in a relatively limited number of securities, it may present greater risk than a more broadly diversified portfolio.

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