Ameristock ETFs Get Triple A (Aaa) Rating By Moody's
2007年8月10日 - 2:04PM
PRニュース・ワイアー (英語)
Moody's assigns bond fund and market risk ratings to five
Ameristock Exchange Traded Funds ALAMEDA, Calif., Aug. 10
/PRNewswire-FirstCall/ -- The Ameristock Corporation (Ameristock)
announced today that their five new fixed income U.S. Treasury
exchange traded funds (ETFs) have been ranked Aaa (Triple A) by
Moody's. These five new funds represent the first real competition
in the fixed income ETF product category, because they are based on
Ron Ryan's bullet Treasury Yield curve indexes and not the other,
broader Treasury indexes currently used as benchmarks. "We are very
proud to have received the highest ranking by Moody's for our new
fixed income ETFs," said Nicholas Gerber, Portfolio Manager. "This
triple A rating combined with the low expense ratio of 15 basis
points and constant maturity mean that people who want to invest in
the Treasury market for asset/liability matching, asset allocation
strategies or just use the 1 year (AMEX:GKA) as a cash alternative
can now do so through the convenience of their existing broker and
transparency of an ETF." Each Ameristock/Ryan ETF seeks to track a
particular U.S. Treasury securities index owned and compiled by
Ryan Holdings LLC and Ryan ALM, Inc. The ETFs are: Ameristock/Ryan
1 Year Treasury ETF (Symbol: GKA) Ameristock/Ryan 2 Year Treasury
ETF (Symbol: GKB) Ameristock/Ryan 5 Year Treasury ETF (Symbol: GKC)
Ameristock/Ryan 10 Year Treasury ETF (Symbol: GKD) Ameristock/Ryan
20 Year Treasury ETF (Symbol: GKE) About Ameristock Corporation The
Ameristock Corporation (Ameristock) manages the Ameristock Fund and
the Ameristock/Ryan Treasury Exchange Traded Funds. The Funds'
website (http//http://www.ameristock.com/) includes historical
performance and a complete listing of the Funds' holdings.
Ameristock is the sister company of Victoria Bay Asset Management
which manages the United States Oil Fund, LP and the United States
Natural Gas Fund, LP. About Moody's Investors Service Moody's money
market and bond fund ratings express opinions on the investment
quality of shares in mutual funds and similar investment vehicles
that principally invest in short-term and long-term fixed-income
obligations, respectively. Moody's fund ratings have a dual
function: they address both credit quality and market risk
considerations. The credit ratings reflect the average credit
quality of a portfolio and are not intended to consider the
prospective performance of a fund with respect to appreciation,
volatility of net asset value, or yield. Funds rated Aaa are judged
to be of an investment quality similar to Aaa-rated fixed-income
obligations -- that is, they are judged to be of the best quality.
Moody's market risk ratings use a six-tiered numerical scale, from
MR1+ to MR5. Funds rated MR1 exhibit very low sensitivity to
changing interest rates and other market conditions while at the
other end of the range, funds rated MR5 exhibit very high
sensitivity to changing interest rates and other market conditions.
Ameristock Funds are distributed by ALPS Distributors, Inc. An
investor should carefully consider investment objectives, risks,
charges and expenses of the investment company carefully before
investing. To obtain a prospectus, which contains this and other
information, please call 800-394-5064 or visit
http://www.ameristock.com/. Please read the prospectus carefully
before investing. An investment in the Funds involves risk,
including loss of principal. There is no assurance that the
investment process will consistently lead to successful investing.
Unlike many investments, the Funds do not try to 'beat' the markets
or indexes they track, but rather match their appropriate index.
AME 000166 exp. 9/2007 DATASOURCE: Ameristock Corporation CONTACT:
Katie Rooney of Ameristock Corporation, +1-818-206-8148, Web site:
http://www.ameristock.com/
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