The Appleseed Fund (NASDAQ: APPLX), a no-load mutual fund that seeks to generate market-beating returns by investing in sustainable, undervalued companies, celebrated its third anniversary since its launch on December 8, 2006. The Assets of the Fund have increased to nearly $100 million.
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The Appleseed portfolio management team attributes the Fund's recent success to their unique investing strategy and disciplined investment process. During the past three years, our investment strategy has worked well during some of the most difficult and unpredictable economic and market conditions in U.S. history," said Adam Strauss, co-portfolio manager. "We are pleased to have generated market-beating returns for our shareholders, and we are gratified by the influx of new shareholders who are choosing to invest their capital with us." Joshua Strauss, co-portfolio manager, added: "A significant number of companies in which we invested weathered the worst of the economic downturn better than most, and recovered more quickly due to the strength of their balance sheets, their competitive positions, and their responsible management." The Fund invests in companies which are screened for sustainability and whose stock prices appear to be significantly undervalued, in the managers' assessment. The managers invest in a limited number of companies they believe reflect their best ideas. In addition, the managers have been Appleseed Fund shareholders since the Fund's inception. Bill Pekin, another co-portfolio manager, concluded: "As Appleseed investors ourselves, our interests are the same as our shareholders. Although our personal stake in the Fund is no guarantee of market out-performance, it is a tangible indication that we are highly motivated to operate in the best interests of all Appleseed Fund investors. We are delighted with the progress made in our first three years and look forward to a prosperous future for the Appleseed Fund and its shareholders."
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