Papp Small & Mid-Cap Growth Fund Marks 3-Year Anniversary

PHOENIX, June 18, 2013 /PRNewswire/ -- The Papp Small & Mid‐Cap Growth Fund (Ticker: PAPPX) has reached its three year milestone and is available at no cost for purchase on the Schwab Mutual Fund OneSource® platform. The no-load fund invests primarily in high quality growth stocks and is managed by Rosellen Papp, CFA and Brian Riordan, CFA of L. Roy Papp & Associates.

L. Roy Papp founded the firm in 1979 and was active in the firm and its investment process until his passing in 2011. He established a strong team who remain committed to his core philosophy of long-term investing in quality growth stocks. The firm has managed investment portfolios according to its small and mid-cap growth strategy since 1998. The Papp Small & Mid-Cap Growth Fund was launched in 2010.

"We look for companies with identifiable growth drivers, such as innovation, expansion, long-term trends and new developments," Papp said. "In addition, we want to buy quality companies exemplified by strong balance sheets, long-term track records and attractive financial characteristics.  We feel our ability to identify real growth companies and our emphasis on quality can allow the portfolio to participate in up markets while providing excellent downside protection during periods of market weakness."

The advisor's investment process is driven by fundamentals; they start with an analysis of themes and trends followed by a comprehensive study of individual companies. "We look to buy great companies and hold them for a long time.  This gives us a deep understanding of our portfolio and also minimizes taxes and transaction costs due to a low turnover." Riordan added. The Fund typically holds 30-40 securities, targets companies with market capitalization in the $2-10 billion range and has a cap on its net expense ratio of 1.25%.   

About L. Roy Papp & Associates

L. Roy Papp & Associates was founded in 1979 and is a registered investment advisor serving a broad base of clients including high net worth, pension & profit sharing, charitable and corporate. The firm has nine partners with an average of over 25 years' experience; eight hold the Chartered Financial Analyst designation® and two are Certified Public Accountants.  

It is one of the only firms headquartered in Arizona to manage mutual funds, and currently offers the Papp Small & Mid-Cap Growth Fund (PAPPX).  The firm initially began managing mutual funds in 1989.  The firm's predecessor funds were merged into another mutual fund company in 2004.  The Papp Small & Mid-Cap Growth Fund (PAPPX) was re-launched in 2010.

For more information, visit www.pappmutualfunds.com

Mutual fund investing involves risk, including the potential loss of principal.

Small and mid‐sized companies may offer the potential for higher returns, but are also subject to greater short‐term price fluctuations than larger, more established companies. The Fund invests in a limited number of securities and, as a result, the Fund's performance may be more volatile than the performance of other funds, holding more securities. At times, the Fund's investments may represent industries or industry sectors that are interrelated or have common risks, making it more susceptible to any economic, political, or regulatory developments or other risks affecting those industries and sectors.

One should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other important information is available in the Fund's prospectus, which is available at http://www.gofilepoint.com/FileManager/papp/Documents/Papp_Prospectus.pdf, by calling 602-956-0980, or by contacting your financial advisor. Please read the prospectus carefully before investing.

Distributed by Ultimus Fund Distributors, LLC

SOURCE L. Roy Papp & Associates