Turner Funds reopens Turner Emerging Growth Fund

A Turner small-cap growth stock fund is now accepting new investors after being closed for 11 years

BERWYN, Pa.--(BUSINESS WIRE)--The Turner Funds has reopened to new investors the Turner Emerging Growth Fund. The Investor Class shares of the fund are ranked seventh out of 245 small-cap growth funds for the 10-year period ended March 31, 2011, by Lipper Inc., an independent performance-analysis service. The fund had been closed to new investors for 11 years.

The Turner Emerging Growth Fund invests primarily in stocks of U.S. companies with small and very small market capitalizations that Turner Investments, the investment adviser, believes have strong potential earnings growth. The fund has been managed by Frank L. Sustersic, senior portfolio manager/global security analyst, since its February 27, 1998, inception.

For the 10-year period ended March 31, the Investor Class shares of the fund gained an annualized 10.71%, compared with the Russell 2000 Growth Index’s 6.44% annualized return. Since its inception, the Investor Class shares of the fund returned an annualized 20.06%, beating the Russell 2000 Growth Index’s 3.93% annualized performance by 16.13 percentage points.

Total returns
Periods ended March 31, 2011
	Past three		Past 12		Past five		Past 10		Since
	months		months		years		years		inception
					(annualized)		(annualized)		(annualized)*
Turner Emerging Growth Fund, Investor Class	11.22	%	31.43	%	4.22	%	10.71	%	20.06	%
Turner Emerging Growth Fund, Institutional Class	11.28		31.75		4.33		10.77		20.11
Russell 2000 Growth Index	9.24		31.04		4.34		6.44		3.93

* Inception date: Investor Class shares -- February 17, 1998; Institutional Class shares -- February 1, 2009. Institutional Class returns are linked with the Investor Class returns prior to the 2009 inception date.
The performance data quoted represents past performance. The principal value and investment return will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data shown here. Returns shown, unless otherwise indicated, are total returns, with dividends and income reinvested. Returns spanning more than one year are annualized. Fee waivers are in effect; if they had not been in effect performance would have been lower. Mutual-fund investing involves risk, including potential loss of principal. Performance can vary over short time periods. Please call 800.224.6312 or visit our website at www.turnerinvestments.com for most recent month-end performance. Past performance is no guarantee of future results.

In addition to the fund’s Investor Class shares (ticker symbol: TMGCX), the fund is also offered in Institutional Class shares (ticker symbol: TMCOX). The fund has a minimum initial investment of $2,500 for Investor Class shares and $250,000 for Institutional Class shares. For Individual Retirement Accounts, the minimum initial investment is $2,000 for Investor Class shares and $100,000 for Institutional Class shares.

The fund’s trustees approved the reopening of the Turner Emerging Growth Fund on April 14. The fund was closed to new investors on March 7, 2000. The fund was closed because Turner believes that if a stock fund gets too big of an asset base, it can hurt that fund’s subsequent performance.

The fund is being reopened because it can now accommodate additional inflows of money without impairing performance, in Turner's judgment.

The Turner Emerging Growth Fund is one of 12 no-load growth, global/international, and long/short stock funds offered by the Turner Funds. Altogether, the Turner Funds have more than $3 billion in assets under management, as of March 31.

Investors can invest in the Turner Emerging Growth Fund directly through the Turner Funds; through Turner’s Institutional Team, Private Client Group, and Client Service Team that serve investment consultants, financial advisers, defined-contribution plan sponsors, and Turner clients; and through financial advisers who have a relationship with Turner Investments, Turner Investment Management, or the Turner Funds.

Turner Investments, founded in 1990 and based in Berwyn, Pennsylvania, is an investment firm that manages more than $18 billion in stocks in separately managed accounts and mutual funds for institutions and individuals, as of March 31, 2011.

The Turner Funds are distributed by Foreside Fund Services, LLC, Portland, Maine. The investor should consider the investment objectives, risks, charges, and expenses carefully before investing. A free summary or statutory prospectus, which contains complete information, including fees and expenses, and the risks associated with investing in these funds, can be obtained by calling 1.800.224.6312. Please read the prospectus carefully before investing. Holdings are subject to change. Mutual-fund investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.

The Lipper rankings represent the Turner Emerging Growth Fund’s ranking within its Lipper asset-class peer group of small-cap growth funds. In that group, for the periods ended March 31, 2011, the fund ranks 225 out of 507 funds for the past 12 months, 368 out of 455 funds for the past three years, 168 out of 392 funds for the past five years, and seventh out of 245 funds for the past 10 years. Although a fund may outperform when compared with Lipper peer groups, the returns for that time period may still be negative. Rankings shown include management fees.

Lipper rankings reflect funds' historical total-return performance relative to peers. The ratings are subject to change every month and are based on the total-return metrics over three-, five-, and 10-year periods (if applicable). Lipper rankings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information.

The micro-capitalization companies that the Turner Emerging Growth Fund invests in may be more vulnerable to adverse business or economic events than larger, more established companies. As a result, the prices of the micro-cap stocks owned by the fund will be very volatile, and the price movements of the fund’s shares will reflect that volatility. The fund is subject to risks due to its foreign investments. Foreign stocks may be more volatile and less liquid than U.S. stocks.