|By PR Newswire||
|February 10, 2014 02:39 PM EST||
FAYETTEVILLE, N.Y., Feb. 10, 2014 /PRNewswire/ -- The Pinnacle Growth & Income Fund (PSECX, C Share) managed by Pinnacle Capital Management, LLC (PCM) has been ranked first in performance in 2013 in its category by The Wall Street Journal. The Fund reported a total annual return of 19.49%, almost three times the average return of all 357 funds in the Mixed-Asset Target Allocation category.
"We attribute the stellar performance of the Pinnacle Growth & Income Fund to discipline, diligence and a global perspective," said Steve Fauer, Chief Investment Officer of PCM. "Recent changes to the Fund's investment strategy, inspired by an assessment of worldwide financial markets, contributed to its excellent returns."
The Fund has grown from $3 million in assets since 2011 to approximately $8.2 million today. It seeks total return comprised of current income, growth of income, and capital appreciation by investing primarily in a combination of common stocks, other equity securities and debt securities.
"With the Pinnacle Growth & Income Fund, investors may be able to participate in market gains while reducing their exposure in rough markets," said Fauer.
PCM is an investment advisor registered with the Securities & Exchange Commission, and a member of the Pinnacle Family of Companies, which provides financial products and services to individuals and institutions through offices in Syracuse, Auburn, Buffalo, Binghamton and Fayetteville, New York. For more information, call PCM at 1-888-202-1338.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. The Fund imposes a fee for shares that are redeemed after holding them for less than 60 days. The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about PCM, and may be obtained by calling 1-888-202-1338. Mutual fund investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances.
SOURCE Pinnacle Capital Management, LLC