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Equity Index Fund

The fund seeks to provide long-term capital appreciation with current income as a secondary objective.

Share Class	Ticker	CUSIP	Inception
Class A	KNIDX	31678R676	11/25/1992
Class B	FBINX	31678R668	10/29/2001
Class C	FCINX	31678R650	10/29/2001
Institutional	KNIEX	31678R692	11/2/1992
Preferred	KNIPX	31678S500	10/17/1993
Select	KNISX	31678S401	10/17/2003
Trust	KNITX	31678S302	10/17/2003

Investment Approach

Our goal is to produce returns that track those of the broadly diversified S&P 500 index. To that end, we normally buy —

The shares of the 500 individual stocks comprising the index attempting to achieve a correlation of 0.95 between the performance of the fund and that of the S&P 500
New additions to the index at points in time which we believe offer the most advantageous "entry points"

Sell Discipline

We sell a stock only when it is dropped by the index.

Portfolio Characteristics

As of 03.31.12

Total Net Assets	$381,039,864
Number of Securities Held	502
^**Portfolio Turnover Rate	2%
Average Market Capitalization	$111.6B
P/E Ratio	17.7
P/B Ratio	3.2
Beta	1.00
^*Alpha	-0.35%
^*Sharpe	0.03
^*R²	100.00%
^*Standard Deviation	21.76%

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.

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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