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Total Return Bond Fund

The fund seeks to provide high current income, with capital growth secondary.

Share Class	Ticker	CUSIP	Inception
Class A	KIFIX	316786862	3/22/95
Class B	FBBDX	316786359	10/29/01
Class C	FCBDX	316786854	10/29/01
Institutional	KNIIX	316786847	3/20/95

Investment Approach

Based on our continuous, careful analysis, we buy fixed securities that —

Correspond to our target duration, in order to manage share-price volatility
Meet or exceed our credit standards
Are available in sectors we believe offer the greatest growth potential

Sell Discipline

Because we actively manage the fund, our sell strategy impacts our long-term performance. We consider selling a security if —

It reaches our pre-established profit target
We have concerns about the credit quality or structure of an individual issue
Other available bonds better support our mix of fixed-income investments

Portfolio Characteristics

As of 12.31.11

Total Net Assets	$222,613,806
Average Weighted Maturity	6.3 years
^*Effective Duration	4.8 years
^**Portfolio Turnover Rate	60%
Number of Securities Held	203

Monthly Dividend Distribution

Date	A Shares	C Shares	Inst Shares
12/31/2011	0	0	0
11/30/2011	0.029	0.023	0.031
10/31/2011	0.034	0.028	0.036

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.
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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