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Long-term growth of capital and future income rather than current income.

The GE Investments Premier Growth Equity Fund invests at least 80% of their net assets in equity securities under normal market conditions. The Fund invests primarily in a limited number of large- and medium-sized companies that the portfolio manager believes have above-average growth histories and/or growth potential. In recent periods, the Fund has tended to emphasize larger companies. The portfolio manager selects equity securities from a number of industries based on the merits of individual companies. Stock selection is key to the performance of the Fund.

The portfolio manager seeks to identify securities of companies with characteristics such as:

  • Above-average annual growth rates
  • Financial strength
  • Leadership in their respective industries
  • High quality management focused on generating shareholder value

The Fund also may invest to a lesser extent in foreign securities and debt securities. The portfolio manager may use various investment techniques to adjust the Fund's investment exposure, but there is no guarantee that these techniques will work.

The Fund's 80% investment policy may be changed by the Trustees on 60 days' notice to shareholders.

We believe in companies that can grow earnings at a double-digit rate for the foreseeable future — a rate 50–100% greater than the overall market.

    • Great business prospects
      • Market leadership - #1-2 market share
      • Visible growth outlook
    • Strong Financials
      • Predictable earnings
      • Recurring revenues
      • High margins and high return on investment
      • Generation of free cash flow
    • Superior Management
      • Track record of success — proven ability to reinvest
      • Common goal with shareholders — high equity ownership

The team employs a fundamental, bottom-up, research-driven investment approach, resulting in a process that is both disciplined and repeatable. Starting with a universe of approximately 300 names, the Growth team monitors and researches each company on a regular basis, assessing several earnings and valuation metrics with the objective to identify those with the highest quality and potential for growth at a reasonable price. The team has a long-term investment horizon and tends to hold a stock until either its growth prospects diminish or it has become overvalued. The final 30-40 names held in the strategy are those that represent our greatest expectations for growth at a reasonable price. Sector allocation is a fallout of the stock selection process, but is monitored as part of the portfolio risk control process.

1The investment process is fluid and may change from time to time without prior public notice as market conditions and portfolio managers change.

The Fund is managed by David Carlson.
High Quality Growth Companies
  • Above average earnings growth
  • Industry leadership
  • Strong financial characteristics
  • Management track record
Research
  • Direct with company
  • Street research
  • GE Global Network*
*In no case would GEAM seek to obtain inside information from the GE Network or any other source and trading would be appropriately restricted were such information to become available to GEAM.
Disciplined Valuation Approach
  • Relative P/E targets
  • Scale buy and sell
Buy Decision
  • Favorable fundamentals
  • Attractive relative valuations
Sell Decision
  • Fundamentals deteriorate
  • Valuation is full relative to target

The principal risks of investing in the Fund are stock market risk, diversification risk and style risk (growth investing risk and mid-cap company risk). To the extent that the portfolio manager invests in foreign securities or debt securities, the Fund would be subject to foreign exposure risk, interest rate risk and credit risk. The Fund may invest in derivative instruments that carry derivative instruments risk.

Please read the prospectus carefully for a complete description of the fund. Before investing in a mutual fund, you should carefully consider the Investment objectives, risks and charges and expenses of the fund.

GE Investment Distributors, Inc., Member FINRA & SIPC, is a wholly owned
subsidiary of GE Asset Management Incorporated, the investment adviser of the GE Mutual Funds.
Copyright © 2008 GE Asset Management Incorporated. All rights reserved.