Investment Talent on Tap - Systematic Financial Management

Systematic Financial Management ("Systematic") Systematic's investment philosophy is predicated on certain beliefs about investor and market behavior. Systematic believes: Stock prices ultimately reflect changing consensus earnings estimates Investors are slow to react to a company's changing pattern of earnings Out-of-favor, undervalued companies have investment potential only when their fundamentals experience stronger improvement than market consensus Systematic attempts to identify companies that Have attractive valuations Have a catalyst in place to drive future positive earnings growth Exhibit evidence that a fundamental and sustainable turnaround is in place before other investors recognize the shift and adjust their earnings expectations Avoiding the "Value Trap" Systematic's proprietary earnings catalyst model helps them avoid the "value trap" of buying cheap companies that only get cheaper.

Mutual Funds Offered by Managers Systematic Mid-Cap Value Fund Systematic Value Fund Separate Account Strategies Offered by Managers Systematic All Cap Value Wrap Strategy Systematic Mid Cap Value Wrap Strategy Systematic Large Cap Value Wrap 40 Strategy Systematic Large Cap Value Pension Wrap Strategy Portfolio Managers   D. Kevin McCreesh, CFA CIO and Managing Director Large Cap Portfolio Manager 21 Years Industry Experience     Ron Mushock, CFA Partner Mid-Cap Portfolio Manager 16 Years Industry Experience Firm Highlights Founded in 1982 Affiliate of Affiliated Managers Group (AMG) since 1995 Manages approximately $8.8 billion as of 6/30/08 Process honed for 20 years to help pursue value at the right time Process complements traditional value managers and can serve as a stand-alone value manager

Investors should carefully consider the fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.

There is no guarantee that these investment strategies will work under all market conditions, and each investor should evaluate their ability to invest for a long-term, especially during periods of downturns in the market.

The Systematic Mid Cap Value and Systematic Value Funds invests in value stocks, which may perform differently from the market as a whole and may be undervalued by the market for a long period of time. Value stocks may underperform growth stocks during given periods.

The Systematic Mid Cap Value Fund is subject to risks associated with investments in mid-capitalization companies, such as erratic earnings patterns, competitive conditions, limited earnings history, and a reliance on one or a limited number of products.

Systematic Financial Management is an affiliate of AMG. AMG, through its affiliates, offers over 300 investment products across a wide range of investment styles and asset classes in the mutual fund, institutional and high net worth distribution channels.