LARKSPUR, Calif.--(BUSINESS WIRE)--Litman Gregory Asset Management, LLC, a fee-only investment advisory firm, today announced that the Masters' Select Funds, which are advised by Litman Gregory Fund Advisors, LLC, will be renamed Litman Gregory Masters Funds, effective August 1, 2011.
The funds will be individually named as follows:
| Old Name | New Name | |||
| Masters' Select Equity Fund | Litman Gregory Masters Equity Fund | |||
| Masters' Select International Fund | Litman Gregory Masters International Fund | |||
| Masters' Select Small Companies Fund | Litman Gregory Masters Small Companies Fund | |||
| Masters' Select Focused Opportunities Fund | Litman Gregory Masters Focused Opportunities Fund | |||
| Masters' Select Value Fund | Litman Gregory Masters Value Fund |
"The funds' new names better reflect our role as advisor to the Litman Gregory Masters Funds," said co-founder Ken Gregory. "We are recognized for the depth and quality of our independent due diligence on money managers. We're delighted with the funds' subadvisors, but what we believe further distinguishes Litman Gregory Masters Funds is the work of our team in identifying and hiring managers we consider to be world-class, having them build portfolios using only their highest-conviction ideas, giving them flexibility and a long-term orientation, and combining multiple managers for portfolio diversification. On an ongoing basis, we work closely with the subadvisors to ensure their continued commitment to executing the Masters mandate."
About Litman Gregory
Litman Gregory Asset Management has provided investment management services to individuals, family groups, foundations, and endowments since 1987. Litman Gregory's separate but related businesses, all based on its core expertise of investment-manager and asset-class research and selection, are Litman Gregory Asset Management, LLC; the Litman Gregory Masters Funds; Litman Gregory AdvisorIntelligence; and Litman Gregory Managed Portfolios. Litman Gregory believes that intensive research and a disciplined process are critical to investment success. Therefore, in-depth research and careful reasoning underlie every investment decision the firm makes. Equally as important, Litman Gregory maintains frequent and meaningful contact with its clients, which encourages long-lasting relationships and puts the firm in a position to understand and serve their clients' evolving needs.
Diversification does not assure a profit nor protect against loss in a declining market.
The funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-960-0188, or visiting www.mastersfunds.com. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Each of the funds may invest in foreign securities. Investing in foreign securities exposes investors to economic, political, and market risks and fluctuations in foreign currencies. Each of the funds may invest in the securities of small companies. Small-company investing subjects investors to additional risks, including security price volatility and less liquidity than investing in larger companies.
Litman Gregory Masters Focused Opportunities Fund & Litman Gregory Masters Value Fund are non-diversified funds, which means that they may concentrate more assets in fewer individual holdings than diversified funds. Though primarily equity funds, they may invest a portion of their assets in securities of distressed companies. Debt obligations of distressed companies typically are unrated, lower rated, in default or close to default and may become worthless. The International Fund will invest in emerging markets. Investments in emerging market countries involve additional risks such as government dependence on a few industries or resources, government-imposed taxes on foreign investment or limits on the removal of capital from a country, unstable government, and volatile markets.
The funds are distributed by Quasar Distributors, LLC.