Two Huntington Funds Earn Five-Star Ratings
COLUMBUS, Ohio--(BUSINESS WIRE)-- The Huntington Dividend Capture Fund (HDCTX) and the Huntington Macro 100 Fund (HMTPX) both recently received Five-Star Morningstar Ratings(TM). The Five-Star rating, based on risk-adjusted performance, is the highest rating Morningstar issues. Only the top 10 percent of funds in each category receive a Five-Star rating.
"We are extremely pleased that Morningstar has recognized two of our funds with a Five-Star rating," said Dan Benhase, head of wealth management for Huntington. "The rating reinforces the effectiveness of our overall investment management strategy that we take with all of our Huntington Funds."
Dividend Capture Fund
The Dividend Capture Fund is managed by Kirk Mentzer, director of research, and Randy Bateman, chief investment officer. The fund invests in securities that pay dividends and have growth potential. It combines three dividend paying asset classes -- common stock, preferred stock, and real estate investment trusts (REITs) - and allows for the purchase of large, middle, and small sized companies. The Huntington Dividend Capture Fund was rated among 529 large value funds for the 10-year period that ended May 31, 2011.
Macro 100 Fund
The Macro 100 Fund is managed by Chad Oviatt. It invests in the 100 companies within the Standard & Poor's 500 that show the greatest potential for returns. The fund manager evaluates broad economic trends, attempting to anticipate shifts in the business cycle in order to determine which industries or companies may offer higher performance. The Huntington Macro 100 Fund was rated among 1,668 large blend funds for the 3-year period that ended May 31, 2011.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating(TM) based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings are for the Trust Share class; other classes may have different performance characteristics. For the Overall, 3- and 5-year periods ended 5/31/11, the Dividend Capture Fund received 4, 4 and 3 stars and was rated among 1,109, 1,109 and 956 funds, respectively. For the Overall, and 5-year periods ended 4/30/11, the Macro 100 Fund received 3 and 2 stars and was rated among 1,668 and 1,424 funds, respectively.
The S&P 500 Index is an unmanaged index generally representing the performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. Investment cannot be made in an index.
The funds are distributed by Huntington Asset Services, Inc. (Member FINRA) a wholly owned subsidiary of Huntington Bancshares, Inc.
For more complete information on Huntington Funds download and view a prospectus now or call 1-800-253-0412 for a free prospectus. You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
About Huntington
Huntington Bancshares Incorporated is a $53 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial product and services. The principal markets for these services are Huntington's six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of over 600 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and over 1,300 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The logo mark and Huntington(R) are federally registered service marks of Huntington Bancshares Incorporated.
Source: Huntington Bancshares Incorporated
Released June 22, 2011