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FOR IMMEDIATE RELEASE 9/28/07
CONTACT: Kristine Cook
(303) 312-5003
kcook@westcore.com
WESTCORE FUNDS LAUNCHES INSTITUTIONAL SHARE
CLASS TO COMPLEMENT
EXISTING NO-LOAD FUNDS
DENVER-(BUSINESS WIRE)-[09/28/07]-Westcore Funds
today announced that an Institutional Share Class for seven
of its no-load mutual funds is now available. The new Institutional
Share Class will be applied to the following funds:
- Westcore MIDCO Growth Fund
- Westcore Growth Fund
- Westcore Blue Chip Fund
- Westcore Small-Cap Opportunity Fund
- Westcore Small-Cap Value Fund
- Westcore Flexible Income Fund
- Westcore Plus Bond Fund
"Our decision to offer institutional shares as an
alternative option to our retail mutual funds was driven by strong
investor demand for this new share class and by Westcore's desire to
broaden its services to the institutional marketplace," said Todger
Anderson, President of Westcore Funds.
The Institutional Share Class is available to
all investors directly or through a financial intermediary,
including but not limited to, financial advisors, retirement
plans, broker-dealers and bank trust departments.
With the goal of offering qualified investors
a true, value-added investment opportunity, Westcore has lowered
its already-competitive expense ratios for the Institutional
Share Class. A minimum investment of $500,000 is required-financial
advisors may be able
to meet this minimum by aggregating their client's accounts.
The same minimum investment applies to direct investors, who
will be able to combine related accounts to meet this requirement.
Low turnover and low expenses also benefit the
Fund's shareholders. "Our philosophy is that yield drives
long-term total return versus market timing," said William
Stafford. "We're long-term investors seeking to generate
consistently positive incremental returns, making the Fund
an attractive option for long-term investors who are seeking
current income or portfolio diversification."
About Westcore Funds
The Westcore Funds are managed by Denver Investment Advisors
LLC, a nationally recognized investment advisory firm with
over $9.4 billion in combined assets under management* and
a four-decade history of serving some of America's largest
institutions. The 100% no-load Westcore Funds family, consisting
of eight equity funds, three bond funds and a non-proprietary
money market fund, offers individual investors access to the
full breadth of this experience.
* These assets include total assets of the
adviser as well as mutual fund assets.
An investment in the funds involves risk,
including possible loss of principal. An investor should consider
investment objectives, risks, charges, and expenses of the
Fund(s) carefully before investing. To obtain a prospectus,
which contains this and other important information about
the Fund(s), please call 1-800-392-CORE (2673) or visit us
online at www.westcore.com. Please read the prospectus carefully
before investing.
Westcore Funds are distributed by ALPS Distributors,
Inc.
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