Monetta Core Growth Fund renamed Monetta Young Investor Growth Fund (MYIFX)
WHEATON, IL, April 28, 2021 /24-7PressRelease/ — Monetta Financial Services, Inc. (“Monetta”) announced today two changes to the Monetta Core Growth Fund (MYIFX). On April 30, the fund’s name will become the Monetta Young Investor Growth Fund and its minimum initial investment will lower from $100 to $25 with an automatic investment plan.
Only the fund’s name and minimum investment are changing. Its objective, philosophy and strategy remain the same. The fund employs a diversified indexed component together with an actively managed portfolio of large-cap growth stocks.
“The genesis of the Monetta Young Investor Growth Fund was our desire to provide all investors with a diversified fund, consisting of a passive portion that tracks the performance of the S&P 500 index and the balance invested primarily in large-cap growth companies that most investors recognize,” said Monetta Founder and Chairman Robert S. Bacarella. “In addition, for young investors, there are educational and college tuition program offerings that teach basic financial life skills and help families save for college.”
Monetta is dedicated to commonsense investing and financial literacy:
• Visit www.monetta.com for fun and engaging articles about investing and personal finance.
• Sign up to receive the quarterly Monetta MoneyTalk family edition e-newsletter. Thought-provoking, colorful articles explore successful entrepreneurs and offer valuable investment lessons. Don’t miss the laugh studio and quarterly puzzle for young investors.
• Learn about earning credits toward college tuition through Monetta’s partnership with SAGE Scholars, Inc.
Monetta Financial Services, Inc. is a boutique Registered Investment Advisor founded in 1984 and headquartered in Wheaton, Ill. The firm launched the Monetta Fund in 1986 and the Monetta Young Investor Growth Fund in 2006. Learn more at www.monetta.com.
The fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The summary and statutory prospectuses contains this and other important information about the investment company, and may be obtained by calling 1-866-964-4683, or visiting www.younginvestorfund.com. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The portion of the Fund that invests in underlying ETF’s that track the Index will be subject to certain risks which are unique to tracking the Index. By investing in ETF’s, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of the funds. The Fund may make short-term investments, without limitation, for defensive purposes, which investments may provide lower returns than other types of investments.
Diversification does not guarantee a profit or protect from loss in a declining market.
The Monetta Funds are distributed by Quasar Distributors, LLC.
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