|
The maximum front end load for all funds as disclosed in the prospectus is 5.75%. The Advisor has contractually agreed to defer the collection of fees and/or reimburse expenses, but only to the extent necessary to limit Gross Annual Fund Operating Expenses (excluding brokerage fees and commissions; borrowing costs, such as (a) interest and (b) dividend on securities sold short; taxes; indirect expenses incurred by the Underlying Fund in which the Fund invests, and extraordinary expenses) for each fund. As of May 31, 2011, the operating expense ratios for the Funds were as follows: Capital Income Fund Class A, 1.70%; Capital Income Fund Class C, 2.70%; Growth Fund Class A, 1.73%; Growth Fund Class C, 2.73%; Income Fund Class A, 2.44%; Income Fund Class C, 2.69%; Income Fund Institutional Class, 1.69%; Multiple Index Fund Class A, 2.27%; Multiple Index Fund Class C, 3,27%; Value Fund Class A, 1.75%; Value Fund Class C, 2.65%; Master Allocation Fund Class A, 3.10%; and Master Allocation Fund Class L, 3.60%. |
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-544-6060.
Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling the same number listed above.
Diversification does not ensure a profit or guarantee against loss.
Mini- Cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Small- Cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Mid-cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.
Introduced in 1952, and widely used since, the Efficient Frontier is an investing theory that attempts to represent the trade-off between risk and expected return of the investments in a portfolio. The model assumes that investors are risk averse, meaning that given two assets that offer the same expected return, investors will prefer the less risky one. Thus, an investor will take on increased risk only if compensated by higher expected returns. Conversely, an investor who wants higher returns must accept more risk.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)