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Vanguard, Ariel, Strong Awarded for Excellence

The Mutual Fund Education Alliance presented its STAR Awards for Excellence in Shareholder Communications to Ariel Mutual Funds, Montgomery Funds, and Strong Funds at their sixth annual awards ceremony.

The no-load fund industry trade association presented the awards in Chicago on Sept. 18. Ariel Mutual funds won for the small company level, which consists of those with up to $3 billion in assets. Montgomery Funds took the medium company level category, for those between $3 billion and $20 billion in assets under management. Strong Funds took the honors at the heavyweight level: funds with more than $20 billion in assets.

The Vanguard Group won the STAR Award for extraordinary achievement in shareholder communications for its plan participant conversion campaign for E.& J. Gallo Winery. The award was presented to recognize what the judges believed to be an exceptional effort above and beyond general communications, according to the Alliance.

The awards program attempts to acknowledge the high level of communications excellence demonstrated in mutual fund materials and programs for investors, according to Michelle Smith, managing director of the alliance.