Sept. 24, 2004 — Two Thompson Plumb mutual funds are slated to join the Dreyfus family of funds.
The boards of the Thompson Plumb Select Fund (THPSX) and the Thompson Plumb Blue Chip Fund (TPBCX) have approved the reorganization of the two funds to operate under the Dreyfus Premier name. Dreyfus will retain the funds’ portfolio managers.
The funds’ current shareholders stand to benefit from the move because it gives them access to Dreyfus’ marketing and distribution power, which should lower the funds’ expenses, said Thomas Plumb, a principal of Wisconsin Capital Management Inc., the funds’ investment advisor.
Dreyfus has guaranteed that the funds’ expenses ratios will not exceed their previous highest levels for at least two years after the completion of the reorganization, Plumb said. He noted that Dreyfus has reduced expenses by 21 basis points for the Dreyfus Premier Balanced Opportunity Fund/A (DBOAX), formerly the Thompson Plumb Balanced Fund, that Dreyfus took over from Thompson Plumb in January.