Risks and Additional Information

• The total return figures for A shares reflect the maximum sales charge of 5.00% for Equity Funds, Strategic Income Fund and Asset Allocation Funds; 4.75% for Total Return Bond Fund and High Yield Bond Fund; and 3.00% for Short Term Bond Fund. The maximum contingent deferred sales charge (CDSC) for all non-Money Market Funds is 1.00% for C Shares within the first year, with the exception of the Short Term Bond Fund at 0.50% for C Shares within the first year. The total return figures shown for Institutional Shares reflect a sales charge of 0.00% and the deduction of all fund advisory fees and expenses for the period stated. These total return figures reflex the waiver of a portion of a fund’s advisory or administrative fees for certain periods. Without such waiver of fees, the total returns would have been lower. Returns reflect the reinvestment of dividends or capital gains in the fund.
• NAV is Net Asset Value. A mutual fund's price per share value. The per-share dollar amount of the fund is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding. POP is Point of Purchase.
• * Gross and Net Expense Ratios are from the 11/23/11 prospectus. Net Expense Ratios indicate the fund's Adviser and Administrator have contractually agreed to waive fees and/or reimburse expenses to limit expense ratios through 11/30/12 for the Equity Index, LifeModel, Short Term Bond and Strategic Income Funds; through 11/23/11 for all other funds. See the fund's quarterly fact sheet for more specific information.
• ** For further explanation on why the performance inception date and fund inception date are different, please see Monthly Returns Document.
• The Russell 2000 Growth Index measures the performance of those Russell 2000 companies that have higher price-to-book values and higher forecasted growth rates. An investor cannot invest directly in an index.