Emerging Markets Equity Fund

  Month Ending 6/30/2010 (%) Quarter Ending 6/30/2010 (%) Expense Ratios
Fund/Class 1
Year		 3
Year		 5
Year		 10
Year		 Life
of Fund		 1
Year		 3
Year		 5
Year		 10
Year		 Life
of Fund		 Gross Net
Emerging Markets Equity Fund
NAV 18.78 -8.28 8.98 8.59 9.50 18.78 -8.28 8.98 8.59 9.50 2.14 1.77
Load 18.78 -8.28 8.98 8.59 9.50 18.78 -8.28 8.98 8.59 9.50 2.14 1.77
MSCI Emerging Markets Index Index
23.48 -2.22 13.07 10.34 —   23.48 -2.22 13.07 10.34 —  

Fund Inception Date: 2/9/1998

Calendar Year
Returns		 Emerging Markets Equity Fund MSCI Emerging Markets Index Index
2009 67.94% 79.02%
2008 -54.95% -53.18%
2007 29.55% 39.78%
2006 34.50% 32.59%
2005 32.53% 34.54%
2004 28.85% 25.95%
2003 51.20% 56.28%
2002 -7.95% -6.00%
2001 -0.57% -2.37%
2000 -26.69% -30.61%
1999 90.06% 66.41%

Disclosure

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.

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses. Unlike the Fund, the index listed is unmanaged, is not available for investment, and does not incur expenses.

Performance for periods longer than one year are annualized.

A short term redemption fee of 2% will be charged on redemptions of Fund shares held for 60 days or less.

Annual expense ratio as of 07/01/2010. The Fund's Investment Manager has contractually agreed, through May 1, 2012, to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund's prospectus for additional information on the Fund's expenses.

Risks

The Fund is subject to currency risk resulting from fluctuations in exchange rates that may affect the total loss or gain on a non-U.S. dollar security when converted back to U.S. dollars. The Fund is subject to the risks associated with investments in emerging markets, such as erratic earnings patterns, economic and political instability, changing exchange controls, limitations on repatriation of foreign capital and changes in local governmental attitudes toward private investment, possibly leading to nationalization or confiscation of investor assets.

Downloadable Documents
Fund Pricing 07/28/10
NAV: $13.41
NAV $ Change: -$0.09
NAV % Change: -0.67%
YTD Return (as of 06/30/10)
- at NAV
- with Load -8.35%
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