Turner Funds launches Turner Quantitative Broad Market Equity Fund, 7.1.08

BERWYN, Pa., July 1, 2008 – The Turner Funds today is introducing the Turner Quantitative Broad Market Equity Fund, a no-load mutual fund for individual and institutional investors that uses a proprietary quantitative model to determine stock selection.

The Turner Quantitative Broad Market Equity Fund is managed by David Kovacs, lead portfolio manager and chief investment officer, quantitative strategies. In managing the fund, he is supported by Jennifer K. Clark, comanager.

The new fund invests in companies across the broad U.S. stock market with capitalizations typically greater than $700 million. The fund’s sector weightings are similar to those of the Russell 3000 Index, which is also its performance benchmark.

The Turner Quantitative Broad Market Equity Fund uses Turner’s proprietary quantitative computer model to evaluate over 70 factors related to a company’s stock and fundamentals that, in the firm’s view, predict future outperformance. Stocks are then ranked by those characteristics, with the most attractive being selected for a diversified portfolio of 80 to 130 securities.

The addition of this new investment increases the number of Turner Funds to 12. The Turner Funds are composed of 11 U.S. growth, core, value, and quantitative equity funds, as well as one international growth-equity fund. The 12 funds have more than $3 billion in assets under management as of March 31, 2008.

The Turner Quantitative Broad Market Equity Fund is available through two different share classes, Investor Class and Institutional Class shares. The minimum initial investment in Investor Class shares is $2,500. The minimum initial investment for Institutional Class shares is $250,000.

EffectiveJuly 1, investors may invest in the Turner Quantitative Broad Market Equity Fund directly through the Turner Funds, through Turner’s Distribution Team that does business with investment consultants and defined-contribution plan sponsors, and through financial intermediaries who have a relationship with the Turner Funds.

 

As with all investments, there are associated inherent risks. Portfolios that invest in small and/or mid-size company stocks typically involve greater risk, particularly in the short term, than those investing in larger, more established companies. There may be expenses associated with the fund.

The Turner Funds are distributed by SEI Investments Distribution Co., Oaks, Pennsylvania 19456. The investor should consider the investment objectives, risks, charges, and expenses carefully before investing. This and other information can be found in the prospectus. A free prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in these funds, can be obtained by calling 1.800.224.6312. Read the prospectus carefully before investing. Mutual-fund investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.