Principled Equity Mk (PEQKL) 21.2500 $PEQKL
Principled Equity Market Fund (PEQKL) Performance Close to Benchmark through Third Quarter of the Year
Business Wire - Wed Oct 22, 1:05PM CDT
William Zink of PanAgora Asset Management, the Fund's portfolio manager reported that The Fund, YTD thru September 2014, underperformed the S&P 500 Index by -0.16% prior to expenses. The Industrials, Energy, Consumer Discretionary and Health Care sectors were the four fund sectors that outperformed their corresponding benchmark sectors by more than 20 basis points for the period. In Industrials, over weights in Union Pac Corp, Southwest Airlines and Norfolk Southern and not owning GE explain most of the positive result. In Energy, an overweight to Williams Cos and not owning Exxon account for most of the excess return. In Consumer Discretionary not owning Amazon and overweights in Direct TV and Home Depot account for the positive results. In Health Care overweights to Allergan and Gilead Sciences and not owning Pfizer account for the bulk of the outperformance. The Financials, Information Technology and Materials sectors detracted from relative performance for the period. In the Financials not owning Berkshire Hathaway and Wells Fargo account for approximately half of the underperformance with the rest spread over multiple securities. Not owning Microsoft was the single largest detractor to performance in the Information Tech sector. In Materials underperformance was spread across multiple positions.
AGN: 229.49 (+1.87), LUV: 43.30 (-0.20)
Principled Equity Market Fund Shares Begin Trading on the NASDAQ OTC Bulletin Board Market with the Symbol PEQKL
Business Wire - Tue Sep 16, 3:48PM CDT
Principled Equity Market Fund (OTCBB
EQKL) announced today that its shares are being traded on the OTC Bulletin Board Market under the symbol PEQKL. "We are glad to have our shares traded in this marketplace to allow additional liquidity to our fund's shareholders and the opportunity for others to invest in them," said David Putnam, President of the Fund. The Fund also provided an opportunity recently for shareholders to liquidate some of their holdings through a tender offer which the Fund made for 5% of its outstanding shares. Pursuant to the Offer, 769,347.24 Shares were tendered, which were accepted by the Fund on a pro rata basis of 0.10795 for each Share tendered for repurchase. A total of 83,051 Shares were accepted at net asset value less a discount of 1%, for a total of $22.78 per Share, as determined as of the close of the New York Stock Exchange on the Expiration Date, for an aggregate purchase price of $1,891,901.78.
Principled Equity Market Fund (PEQKL) Performance Close to Benchmark through Third Quarter of the Year
Business Wire - Wed Oct 22, 1:05PM CDT
William Zink of PanAgora Asset Management, the Fund's portfolio manager reported that The Fund, YTD thru September 2014, underperformed the S&P 500 Index by -0.16% prior to expenses. The Industrials, Energy, Consumer Discretionary and Health Care sectors were the four fund sectors that outperformed their corresponding benchmark sectors by more than 20 basis points for the period. In Industrials, over weights in Union Pac Corp, Southwest Airlines and Norfolk Southern and not owning GE explain most of the positive result. In Energy, an overweight to Williams Cos and not owning Exxon account for most of the excess return. In Consumer Discretionary not owning Amazon and overweights in Direct TV and Home Depot account for the positive results. In Health Care overweights to Allergan and Gilead Sciences and not owning Pfizer account for the bulk of the outperformance. The Financials, Information Technology and Materials sectors detracted from relative performance for the period. In the Financials not owning Berkshire Hathaway and Wells Fargo account for approximately half of the underperformance with the rest spread over multiple securities. Not owning Microsoft was the single largest detractor to performance in the Information Tech sector. In Materials underperformance was spread across multiple positions.
AGN: 229.49 (+1.87), LUV: 43.30 (-0.20)
Principled Equity Market Fund Shares Begin Trading on the NASDAQ OTC Bulletin Board Market with the Symbol PEQKL
Business Wire - Tue Sep 16, 3:48PM CDT
Principled Equity Market Fund (OTCBB
EQKL) announced today that its shares are being traded on the OTC Bulletin Board Market under the symbol PEQKL. "We are glad to have our shares traded in this marketplace to allow additional liquidity to our fund's shareholders and the opportunity for others to invest in them," said David Putnam, President of the Fund. The Fund also provided an opportunity recently for shareholders to liquidate some of their holdings through a tender offer which the Fund made for 5% of its outstanding shares. Pursuant to the Offer, 769,347.24 Shares were tendered, which were accepted by the Fund on a pro rata basis of 0.10795 for each Share tendered for repurchase. A total of 83,051 Shares were accepted at net asset value less a discount of 1%, for a total of $22.78 per Share, as determined as of the close of the New York Stock Exchange on the Expiration Date, for an aggregate purchase price of $1,891,901.78. 
