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Closing Set for Julius Baer International Equity Fund

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May 2, 2005 — The Julius Baer International Equity Fund/A (BJBIX), which has topped its peers over the short and the long run, will close to most new investors on Wednesday to keep its assets from increasing to the point where they could hurt performance.

The fund’s assets have swelled to more than $12 billion, and its “core strategy limits the capacity for additional assets,” Julius Baer Funds said in a regulatory filing. The fund will remain open to investors who buy shares for 401(k) plans, and who invest through investment advisers, the fund complex added.

Julius Baer International edged up 0.25% through March 31 this year, versus a loss of 0.5% for the average international equity fund. For the five years ended in March, the fund registered an annualized return of 1.8%, versus a loss of 2.5% for its peers. For the ten-year period, it has risen 15.0% annualized, versus a gain of 6.5% for its peers.

Julius Baer International is ranked 5 Stars by Standard & Poor’s, and was the winner of a Standard & Poor’s/BusinessWeek Excellence in Fund Management Award in 2004 in the foreign equity category.

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