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High Yield Bond Fund

The fund seeks to provide a high level of income with capital appreciation as a secondary objective.

Share Class	Ticker	CUSIP	Inception
Class A	FTYAX	31678S732	11/29/2005
Class B	FTYBX	31678S724	11/29/2005
Class C	FTYCX	31678S716	11/29/2005
Institutional	FTYIX	31678S682	11/29/2005

Investment Approach

We primarily buy fixed-income securities —

That have higher credit rating within the high yield market — BB and B-rated (S&P)
In industries that have a history of stable and predictable cash flow, consistent product demand, stable pricing and conservative accounting practices
With maturities that help maintain an average life of six to 10 years
Offering what we believe is the best risk-return relationship

Sell Discipline

We consider selling a security when —

Companies become cash users instead of cash generators
Access to capital becomes questionable
Management adversly alters strategy
Risk-return relationship becomes inappropriate

Portfolio Characteristics

As of 03.31.12

Total Net Assets	$104,648,687
Average Weighted Maturity	5.3 years
^*Effective Duration	4.4 years
^**Portfolio Turnover Rate	81%
Number of Securities Held	193

Monthly Dividend Distribution

Date	A Shares	C Shares	Inst Shares
4/30/2012	0.045	0.040	0.047
3/31/2012	0.000	0.000	0.000
2/29/2012	0.041	0.036	0.043

Risks and Additional Information

* Duration is a calculation of the average life of individual bonds within a bond funds, and serves as a useful measure of the entire portfolio's sensitivity to rising and falling interest rates. A Duration of 2.00 means that with a 1% decline in interest rates, the principal value should rise by 2%, and vice versa.
** The Portfolio Turnover Rate represents the fund’s portfolio turnover for the fiscal year ending 7/31/11.
Bonds funds tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund are subject to fluctuations in price due to issuer and credit quality, rising or falling interest rates, inflation, and call risks associated with the underlying bonds owned by the fund.

High Yield Bond Funds may have higher yields and are subject to greater credit, market and interest rate risk than higher-rated fixed-income securities.
Bond funds tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund are subject to fluctuations in price due to issuer and credit quality, rising or falling interest rates, inflation, and call risks associated with the underlying bonds owned by the fund. High Yield Bond Funds may have higher yields and are subject to greater credit, market and interest rate risk than higher-rated fixed-income securities.

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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