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Strategic Income Fund

The fund seeks to provide a high level of income consistent with reasonable risk, with capital appreciation being a secondary objective.

Share Class	Ticker	CUSIP	Inception
Class A	FFSAX	316786284	4/1/04
Class B	FFSBX	316786276	4/1/04
Class C	FRACX	316786268	10/29/01
Institutional	MXIIX	316786250	9/1/98

Investment Approach

Global, flexible approach allows tactical changes among a variety of income producing asset classes
Correlation analysis between asset classes has resulted in a portfolio with low correlation to both stocks and bonds
Emphasis is placed on high quality, relative value and high current income
Income Producing securities make up at least 80% of fund assets
Top down macro perspective along with bottom up security selection analysis
Broad diversification across asset classes:

Typical Sector Ranges

Bonds 40-60%
Convertibles 0-15%
Preferreds 30-50%
Real Estate Investment Trusts (REITs) 0-10%
High Dividend Equities 0-10%
High Yield 0-20&
Emerging Market Debt 0-20%
International Exposure 0-100%
Cash 0-100%

Portfolio Controls

Issuer limits less than or equal to 4%
Limit 20% below investment grade
Currency risk may be hedged
Investment Committee and Derivatives Committee oversight

Portfolio Characteristics

As of 12.31.11

Total Net Assets	$192,572,249
^**Portfolio Turnover Rate	42%
Number of Securities Held	170
Average Weighted Maturity	1.1 years
^*Effective Duration	1.1 years

Monthly Dividend Distribution

Date	A Shares	C Shares	Inst Shares
12/31/2011	0.056	0.050	0.058
11/30/2011	0.040	0.034	0.042
10/31/2011	0.042	0.035	0.044

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.
There is no guarantee asset allocation will produce favorable results or protect against a loss. 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. 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. Small company investing is subject to a greater degree of risk and market volatility, and small companies have a higher risk of failure.

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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