Financial Investors Trust plans two new Emerald funds

By Toni Weeks

San Diego, Dec. 22 - Financial Investors Trust announced in an N-1A filing with the Securities and Exchange Commission its plans to offer two new funds, the Emerald Banking and Finance Fund and the Emerald Growth Fund.

The Emerald Banking and Finance Fund will seek long-term growth through capital appreciation with income as a secondary objective.

The fund will, under normal conditions, invest at least 80% of the value of its assets in stocks of companies principally engaged in the banking or financial services industries. It plans to emphasize small companies, those with a market capitalization of less than $1.5 billion, and will invest at least 25% of its assets in banking industry companies and at least 25% of its assets in financial services industry companies.

Only the fund's class A shares will incur a maximum sales charge, which will be 4.75%. Management fees are expected to be 1% for each share class, with net annual fund operating expenses totaling 1.84% for class A shares, 2.49% for class C shares, 1.54% for institutional shares and 1.89% for investor shares.

The portfolio managers will be Kenneth G. Mertz and Steven E. Russell.

The Emerald Growth Fund seeks long-term growth through capital appreciation by investing in equity securities, including common stocks, preferred stocks and securities that are convertible into common or preferred stocks.

Only the fund's class A shares will incur a maximum sales charge, which will be 4.75%. Management fees are expected to be 0.75% for each share class, with net annual fund operating expenses totaling 1.29% for class A shares, 1.94% for class C shares, 0.99% for institutional shares and 1.34% for investor shares.

The portfolio managers will be Kenneth G. Mertz, Stacey L. Sears and Joseph W. Garner.

The funds' adviser is Leola, Pa.-based Emerald Mutual Fund Advisers Trust.

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