ALEXANDRIA, Va., Feb. 5 /PRNewswire/ -- AFBA 5Star Investment Management is pleased to announce that more than 50% of its mutual fund Class A share offerings have been given a 4 or 5 star overall rating by Morningstar for the period ended December 31, 2007. (See accompanying table)
This outstanding achievement places the AFBA 5Star Funds in very select company. Of the 90 mutual fund families that have 5 or more Class A share fund offerings, only 4 companies in the industry had more than 50% of their funds rated so highly by Morningstar.
"We are delighted to offer investors mutual funds that have favorable long-term performance. Our team of highly-regarded sub-advisors continues to provide our shareholders with time-tested approaches to managing money," said Robert E. Morrison, Jr. President and Chief Investment Officer of the AFBA Funds. "We believe that using best in class investment management firms offers investors the opportunity to take advantage of the experience and proven strategies of our managers. These benefits are increasingly important to help investors navigate ever-changing market conditions."
# of
The Overall Morningstar funds in # of
Rating is based on the Overall and funds in
Fund's 3- and 5-Year Overall 3-Year 3-Year 5-Year 5-Year
risk-adjusted return. Class Rating Rating Rating Rating Rating
AFBA 5Star Balanced
Fund A **** 894 3 4 698
Morningstar Category:
Moderate Allocation C ***** 4 5
AFBA 5Star Total Return
Bond Fund A *** 967 2 5 826
Morningstar Category:
Intermediate-Term Bond C **** 3 5
AFBA 5Star USA
Global Fund A **** 1449 4 4 1215
Morningstar Category:
Large Growth C **** 5 4
AFBA 5Star Large
Cap Fund A **** 1449 4 4 1215
Morningstar Category:
Large Growth C **** 4 4
AFBA 5Star Mid Cap
Value Fund A ** 274 2 2 220
Morningstar Category:
Mid-Cap Value C ** 2 2
AFBA 5Star Small Cap
Fund A *** 671 2 3 556
Morningstar Category:
Small Growth C *** 2 3
AFBA 5Star Science &
Technology Fund A **** 269 3 4 245
Morningstar Category:
Specialty Technology C **** 3 4
Source: Principia Pro, 12/31/07.
Ratings are subject to change monthly. Past performance is no guarantee of future results. A high rating does not necessarily mean a fund had a positive return. Visit http://www.afbafunds.com for current performance data.
Star ratings are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is a weighted average of the 3-, 5-, and 10-year (if applicable) returns. 5 stars = top 10% of funds in a category; 4 stars = next 22.5% of funds; 3 stars = middle 35%; 2 stars = next 22.5%; 1 star = bottom 10%.
About AFBA 5Star Fund, Inc.
AFBA Investment Management Company is a related enterprise of the Armed Forces Benefit Association ("AFBA") which was established in 1947 as a non-profit voluntary benefit association. AFBA 5Star Fund, Inc. was founded in 1997. The AFBA 5Star Family of Funds offers investors, financial advisors and AFBA members a wide variety of asset classes with a disciplined investment approach. As the Advisor to the Fund, AFBA 5Star Investment Management Company is responsible for all investment related activities which include sub-advisor selection and ongoing monitoring and due diligence associated with those managers. PFPC Distributors, Inc. of King of Prussia, Pennsylvania is the Fund's distributor. For more information visit http://www.afbafunds.com.
Investors are reminded to consider the investment objectives, risks, charges and expenses of the AFBA 5Star Funds carefully before investing. A prospectus with this and other information about the Funds may be obtained by calling 1-800-243-9865 or by visiting http://www.afbafunds.com. The prospectus should be read carefully before investing.
Website: http://www.afbafunds.com/