Returns quoted represent past performance, which is no guarantee of future
results. Investment returns and principal value will fluctuate so that when shares
are redeemed, they may be worth more or less than their original cost. Returns less
than one year are cumulative. Due to market conditions, current performance may
be higher or lower than the performance shown. Returns at NAV would be lower if
the sales charge were included. Returns do not reflect the deduction of taxes that
a shareholder would pay on Fund distributions or the redemption of shares.
Returns Periods: Month ending:
8/31/2010
YTD as of:
8/31/2010
Class A shares of National and State Municipal Bond Funds have a 4.2% (3.0%
for Intermediate Duration and 2.5% for Limited Term) maximum sales charge. Class
A shares have a maximum sales charge of 3.75% for the Multi-Strategy Core Bond Fund;
4.75% for the High Yield Bond Fund and 2.0% for the Short Duration Bond Fund. Class
A shares of Value, Global/International, Growth, Core, Asset Allocation and Quantitative
Funds have a 5.75% maximum sales charge. Funds that have Class B Shares have a CDSC
that begins at 5% for redemptions during the first year and declines periodically
until after six years when the charge becomes 0%. Class B Shares automatically convert
to Class A Shares eight years after purchase. Class C Shares have a 1% CDSC for
redemptions within less than one year, which is not reflected in the one-year total
return. Class I Shares have no sales charge and may be purchased under limited circumstances
or by specified classes of investors. Class R3 Shares have no sales charge and are
available to only certain retirement plan clients of financial intermediaries.
Returns of the oldest share class or classes of a Fund are actual. Returns for other
classes are actual for the period since inception and prior to class inception are
the returns for the Fund's oldest class, adjusted for expenses.
Equity investments are affected by stock market fluctuations that occur in response
to economic conditions; foreign investing poses additional risk including currency
risk and investing in securities of developing countries involves risks greater
than investing in foreign developed countries.
Bond investments are affected by changes in interest rates and the creditworthiness
of the issues held by the funds; high-yield investments pose additional credit risk
associated with below investment grade bonds.
Income from municipal bond funds is generally exempt from regular federal and state
personal income taxes. Income may be subject to the federal alternative minimum
tax and local taxes. Capital gains distributions are subject to tax.
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