The Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It includes approximately 1,000 of the largest U.S. securities based on market capitalization. Please note an investor cannot invest directly in an index.
The S&P 500 Index is a broad-based, market-cap weighted index of 500 stocks. Please note an investor cannot invest directly in an index.
The Fund employs a Disciplined Strategy and will not deviate from its strategy (except to the extent necessary to comply with federal tax laws or other applicable laws). Because the Fund will not use certain techniques available to other mutual funds to reduce stock market exposure (e.g., derivatives), the Fund may be more susceptible to general market declines than other mutual funds.
Focused Dividend Strategy Portfolio Gross operating expenses: Class A: 1.21%. Performance data quoted represents past performance and is no guarantee of future results. Assumes reinvestment of all distributions at net asset value. Class A maximum sales charge: 5.75%. The Fund's daily net asset value is not guaranteed and shares are not insured by the FDIC, the Federal Reserve Board or any other agency. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be higher or lower than the original cost. Current performance may be higher or lower due to market volatility.