Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost.
As identified in the current Fund prospectus, the Class A, B and R shares gross expense ratios for the fiscal year ended June 30, 2008 were 0.64%, 1.39%, and 0.88%, respectively, and the net expense ratios were 0.54% for Class A shares and 0.89% for Class B shares. The Fund publishes Semi-Annual and Annual Reports each February and August, which contain updated expense ratio information. The Advisor limited certain expenses of the Index 500 Fund during the 1992-2002 calendar years. The Fund's distributor has also limited certain expenses for Class A since February 1, 2008 and Class B shares since inception. Total returns would have been lower if the Advisor and distributor had not limited expenses during those periods. Distributor expense limitations are voluntary and may be terminated at any time.
Class A Shares have a maximum sales charge of 5.5% on Equity Funds, including International Funds, 4% on Income Funds, and 2.5% on the Index 500 Fund.
Class B Shares of all Funds except the Index 500 Fund have a Contingent Deferred Sales Charge (CDSC) on redemptions made within six years of purchase as follows: Year 1 = 5.0%, Year 2 = 4.0%, Year 3 = 3.0%, Year 4 = 3.0%, Year 5 = 2.0%, Year 6 = 1.0%. The Index 500 Fund has a CDSC on redemption made within six years of purchase as follows: Year 1 = 3.0%, Year 2 = 2.50%, Year 3 = 2.0%, Year 4 = 1.5%, Year 5 = 1.0%, Year 6 = 0.5%.
Class R Shares are not subject to sales charges. This class of shares is only available for purchase by limited types of investors as outlined in the Fund's prospectus. Different sales charges affect performance.
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