SOURCE: The Collar Fund

January 19, 2010 09:00 ET

COLLX Expense Ratio Reduction

The Collar Fund™ Reduces Maximum Expense Ratio for Next Three Years

DENVER, CO--(Marketwire - January 19, 2010) - The Collar FundTM, ticker COLLX, is reducing its maximum expense ratio for the next three years. Until January 1, 2013, fund expenses will be limited to 0.95% on assets up to $50 million, and 0.49% on assets exceeding $50 million. Beyond January 1, 2013, management expects this rate reduction will either be extended or made permanent.

COLLX is a no-load open end mutual fund managed by Summit Portfolio Advisors, LLC. According to Morningstar's November 2009 analyst report, "The Collar Fund provides a unique lower-risk investment opportunity."

To request more information please contact Thomas J. Schwab, Chief Investment Officer, at 808-874-9537 (Maui) or

For media inquiries, please contact Carol Graumann at 973.732.3521 or

About Summit Portfolio Advisors

Summit Portfolio Advisors, LLC, a 100% family owned and managed Registered Investment Advisor, commenced business in September 2005. Summit Portfolio Advisors officers are Joseph M. Schwab, Chief Executive Officer, Elizabeth M. Uhl, President, and Thomas J. Schwab, Chief Investment Officer.

© 2009 Morningstar, Inc. All rights reserved. Morningstar is an independent provider of financial information. Morningstar does not endorse any Broker/dealer, financial planner, or fund company.

Mutual Funds involve risk including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of The Collar Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-888-5-COLLAR (1-888-526-5527). The prospectus should be read carefully before investing. The Collar Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.

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