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Friday, October 29, 2010

Appleseed Picks Up Huntington's Option

Reported by Hung Tran

The Appleseed Fund [see profile] has extended its contract for an additional two years with Huntington Asset Services, which provides transfer agency services, fund accounting, fund administration and distribution support.

Appleseed Fund, a mid-cap value mutual fund that invests in sustainable, undervalued companies, has been a Huntington Asset Services client since 2006.

"Our four-year relationship with Huntington Asset Services has been consistently positive," Bill Pekin, co-portfolio manager of the Appleseed Fund, said in a statement. "We've been pleased with their strategic insight and turnkey approach that allows us to focus on growing our mutual fund without the hassle of managing logistics."


COLUMBUS, Ohio and INDIANAPOLIS, Oct. 28 /PRNewswire/ -- Huntington Asset Services, a subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN) (www.huntington.com ), today announced that Appleseed Fund has extended its contract for an additional two years, through 2012.

Appleseed Fund, a mid-cap value mutual fund that invests in sustainable, undervalued companies, has been a Huntington Asset Services client since 2006.

"We look to invest in sustainable companies that balance the generation of profits with an awareness of their impact on the environment and society," said Bill Pekin, co-portfolio manager of the Appleseed Fund. "We believe the best way to generate strong returns is to pursue only our best ideas, to minimize downside risk, to seek out underappreciated value, and to invest in high quality companies where we expect value to increase over the long term."

"Our four-year relationship with Huntington Asset Services has been consistently positive," added Pekin. "We've been pleased with their strategic insight and turnkey approach that allows us to focus on growing our mutual fund without the hassle of managing logistics."

Brian L. Blomquist, president, Huntington Asset Services, said, "We're pleased that Appleseed Fund has once again selected Huntington Asset Services to provide transfer agency services, fund accounting, fund administration and distribution support. We look forward to continuing this successful partnership."

For more information about the Appleseed Fund and its performance, visit the Appleseed Fund website, www.appleseedfund.com.

About Huntington Asset Services

Huntington Asset Services, formerly Unified Fund Services, has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $52 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com.

About Huntington

Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.

The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-470-1029. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)  

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