|
Annual Returns for period ending January 29, 2010
| | ANNUALIZED | | Total Returns | YTD | One Year | Three Years | Five Years | Ten Years | Since* Incep. | | A Shares (*Inception 1/3/95) | -2.57% | 15.21% | -4.24% | 2.23% | -7.06% | 7.11% | | S&P 500 Index | -3.60% | 33.14% | -7.24% | 0.18% | -0.80% | 7.74% | | | | | | | | | |
Annual Returns for period ending December 31, 2009
| | ANNUALIZED | | Total Returns | YTD | One Year | Three Years | Five Years | Ten Years | Since* Incep. | | A Shares (*Inception 1/3/95) | 13.54% | 13.54% | -3.66% | 2.38% | -6.70% | 7.35% | | S&P 500 Index | 26.46% | 26.46% | -5.63% | 0.42% | -0.95% | 8.05% | | | | | | | |
NO-LOAD EFFECTIVE SEPTEMBER 2, 2008
|
Data as of 05/01/09
|
|
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) |
|
Management Fee
|
1.00% |
|
Distribution and/or Service Fees (12b-1 Fee)(1) |
0.25% |
|
Other Expenses
|
0.78% |
|
Acquired Fund Fees and Expenses(2) |
0.04% |
|
Total Annual Fund Operating Expenses(3) |
2.07% |
|
Contractual Fee Waivers and Expense Reimbursements(4) |
(0.43)% |
|
Net Annual Fund Operating Expenses (after Contractual Fee Waivers and Expense Reimbursements)(5) |
1.64% |
(1) Because the Fund pays 12b-1 fees, long-term shareholders may pay more in distribution expenses than the economic equivalent of the maximum front-end sales charges permitted by the Financial Industry Regulatory Authority (“FINRA”).
(2) To the extent that ETFs or other investment companies held in a Fund’s portfolio of investments have fees and expenses, shareholders of that Fund will indirectly be paying a portion of these other funds’ (referred to as “Acquired Funds”) fees and expenses.
(3) The Total Annual Fund Operating Expenses may not correlate with the ratio of expenses to average net assets in the Funds’ Financial Highlights, which reflect the operating expenses of the Funds and do not include Acquired Fund Fees and Expenses.
(4) The Investment Adviser has contractually agreed to maintain expense levels of the Fund at an annual rate of 1.60% (as a percentage of average daily net assets) through July 31, 2010. The foregoing contractual commitments do not include extraordinary or non-recurring expenses or Acquired Fund Fees and Expenses. In addition to the contractual commitments to maintain Fund expense levels, the Investment Adviser may also voluntarily waive or reimburse additional fees and expenses.
(5) For fiscal year 2008, after contractual and voluntary fee waivers and expense reimbursements, and excluding any Aquired Fund Fees and Expenses, the Funds’ net annual operating expenses were 1.60%.
All returns assume reinvestment of dividends and capital gains prior to the close of the fiscal year. Investors may be subject to the alternative minimum tax (AMT).
The performance data quoted represents past performance. Past performance does not guarantee future results. The Fund’s principal value, share price, yields, rates and total returns will vary due to changing market conditions, so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, an investor may call toll free at 800-276-1262.
The mutual funds referred to in this website are offered by Prospectus only. For more complete information an investor should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. You may obtain a prospectus at no cost from your financial adviser. Please read the prospectus carefully before investing.
S&P 500® Index is a widely recognized, unmanaged index of 500 stock prices chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock's weight in the index proportionate to its market value. Returns shown reflect no deduction for fees, expenses or taxes. Index return is shown from January 3, 1995.
Returns are as of January 29, 2010.
| After Tax Returns |
One Year |
Five Year |
Ten Year |
Since Incep. |
| Return Before Taxes |
15.21% |
2.23% |
-7.06% |
7.11% |
| Return After Taxes on Distributions |
15.02% |
2.08% |
-7.19% |
6.94% |
| Return After Taxes on Distributions and Sale of Fund Shares |
12.93% |
1.90% |
-5.69% |
6.32% |
| S&P 500 Index |
33.14% |
0.18% |
-0.80% |
7.74% |
|
|
|
|
|
|
The inception date is from January 3, 1995.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
|