
Stewart Capital Mid Cap Fund Celebrates Five-Year Anniversary with 5-star Overall Morningstar Rating™
INDIANA, Pa., Jan. 17, 2012 /PRNewswire/ -- Stewart Capital Advisors, LLC, the investment adviser for the Stewart Capital Mutual Funds, marked the fifth anniversary of the Stewart Capital Mid Cap Fund (NASDAQ: SCMFX) by receiving a 5-star Overall Morningstar Rating™ as of December 31, 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.
"We are very proud of our results especially with the market turmoil over the past several years. We believe, the five-star rating is further validation of our investment process and discipline," stated Malcolm Polley, president and chief investment officer, Stewart Capital Advisors. "Our hard-working portfolio management team is dedicated to providing consistent performance for our shareholders – recognizing that as investment managers, we are stewards of their success."
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 favor 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.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
You should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or a summary prospectus, that contains this and other information about the Fund, please call 877.420.4440 or visit stewartcap.com. Please read the prospectus, or summary prospectus, carefully before investing.
Stewart Capital Mutual Funds are distributed by Grand Distribution Services, LLC, located at 803 West Michigan Street, Milwaukee, WI, 53233.
About Morningstar Ratings
For each fund with at least a three-year history, Morningstar calculates a Morningstar Ratinga based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results.
The Morningstar Risk Rating is an annualized measure of a fund's downside volatility over a three-, five-, or ten-year period. This is a component of the Morningstar Risk-Adjusted Return. Morningstar Risk Rating is derived directly from Morningstar Risk. In each Morningstar Category, the top 10% of investments earn a High rating, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Investments with less than three years of performance history are not rated. The Morningstar's Return rating figures a fund's performance relative to its class based on total returns.
© 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
About Stewart Capital Advisors, LLC
In addition to serving as the investment adviser for the Stewart Capital Mutual Funds, Stewart Capital Advisors, LLC, a subsidiary of S&T Bank, manages private accounts for individuals and institutions and has over $965 million in assets under management. For more information, visit stewartcap.com.
About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson, and Westmoreland counties. With assets of $4.1 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit stbank.com.
SOURCE Stewart Capital Advisors, LLC
Share this article