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Dividend Growth Fund

The fund seeks to provide long-term capital appreciation by investing in high-quality companies with histories of rising earnings and dividends.

Share Class	Ticker	CUSIP	Inception
Class A	FSPIX	316786565	3/6/98
Class B	FTPBX	316786417	10/11/00
Class C	FTPCX	316786557	3/9/98
Institutional	FPFIX	316786540	8/11/98

Investment Approach

We identify mid- and large-cap companies that meet specific financial strength criteria. Within this universe, we buy the stocks of companies —

That currently pay dividends
That meet minimum dividend payment frequency requirements
With a dividend growth rate that typically exceeds the S&P 500 Index
That have strong earnings growth histories and prospects for strong future earnings growth

Risk is Controlled by —

Fundamental research
Positions limited to the greater of 5% or benchmark weight
Setting parameters for sector weights, relative to the S&P 500 universe of companies with high earnings and dividends

Sell Discipline

We consider selling a stock when —

Dividend growth rate slows
Corporate dividend policy or dividend payout ratio changes
Fundamentals change resulting in slower earnings growth
Valuation of the stock exceeds expected earnings growth rate
Financial reporting issues / management concerns arise with the company

Portfolio Characteristics

As of 12.31.11

Total Net Assets	$4,593,482
Number of Securities Held	53
^**Portfolio Turnover Rate	53%
Average Market Capitalization	$85.7B
P/E Ratio	16.2
P/B Ratio	3.4
Beta	0.87
^*Alpha	-0.16%
^*Sharpe	-0.08
^*R²	95.39%
^*Standard Deviation	18.94%

Risks and Additional Information

* Information above is for A Shares. Other classes may vary slightly.
** The Portfolio Turnover Rate represents the fund’s portfolio turnover for the fiscal year ending 7/31/11.
The P/E (Price-to-Earnings) Ratio equals the price of a stock divided by its earnings per share. P/E multiples enable investors to compare the relative value of stocks within a portfolio. They show how much an investor must pay for one dollar of earnings.
The P/B (Price-to-Book) Ratio compares the market’s valuation of a company to the value of that company as indicated on its financial statement.

An investor cannot invest directly in an index.
Beta rating attempts to measure relative risk in relation to the fund’s benchmark.
Alpha is a coefficient which measures risk-adjusted performance, factoring in the risk due to the specific security, rather than the overall market.
Sharpe Ratio is calculated using standard deviation and excess return to determine reward per unit of risk.
R² (R-squared) is a measurement of how closely a portfolio’s performance correlates with the performance of a benchmark index.
Standard Deviation is a statistical measure of the historical volatility of a mutual fund.
The risk reward metrics shown in the Portfolio Characteristics section above are for a trailing five-year period in relation to the fund’s benchmark. Source: Zephyr Style Advisor.
Stocks have historically provided greater return potential than other investments over the long term, but may be subject to wide swings in value over shorter time periods. There are risks associated with investing in small and mid cap stocks, which tend to be more volatile and less liquid than the stocks of large companies, including the risk of price fluctuations.

An investor should consider the fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund’s prospectus. To obtain a prospectus, call 1-800-282-5706 or visit our Prospectus & Literature section. Please read the prospectus carefully before investing.

Fifth Third Funds are distributed by FTAM Funds Distributor, Inc. Fifth Third Asset Management, Inc. serves as Investment Adviser to Fifth Third Funds

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE

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