Dynamic Balanced Model

By combining RiverFront Investment Group's moderate growth portfolio – normally invested in 80% equity and 20% fixed income securities – with allocations to the Alternative Managed Completion Portfolio and Fixed Income Managed Completion Portfolio, diversification is further enhanced and a robust fixed income portfolio is utilized. This strategy is suited for investors whose objectives include moderate capital appreciation and current income generation with consideration given to the moderation of portfolio volatility. The portfolio can shift from the targeted allocation range when certain sectors are believed to be over or under valued. Investors who are considering investing in this model should have an intermediate time horizon and a moderate tolerance for risk of loss (volatility).

Mutual funds are sold by prospectus only. Investors should consider the investment objectives, risks, charges and expenses of an investment company carefully before investing. The prospectus contains this and other information about an investment company and is available from your financial advisor. The prospectus should be read carefully before investing.

Holdings current as of December 31, 2011, are subject to change without notice from the addition, removal or substitution of one or more asset classes. All investing involves risk and you may incur a profit or a loss. Dividends are not guaranteed.

Diversification does not ensure a profit or protect against a loss.

High-yield (below investment grade) bonds are not suitable for all investors. There is an inverse relationship between interest rate movements and fixed income prices. Generally, when interest rates rise, fixed income prices fall and when interest rates fall, fixed income prices generally rise.

International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility.

Investing in emerging markets can be riskier than investing in well-established foreign markets. Investing involves risk and investors may incur a profit or a loss, including the loss of all principal.

Investing in small-cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor.

Commodities trading is generally considered speculative because of the significant potential for investment loss. Commodities are volatile investments and should only form a small part of a diversified portfolio. Among the factors that could affect the value of the fund’s investments in commodities are cyclical economic conditions, sudden political events, and adverse international monetary policies.

These portfolios may be subject to international, small-cap and sector-focus exposures as well.

Markets for precious metals and other commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising.

Specific sector investing such as real estate can be subject to different and greater risks than more diversified investments. Declines in the value of real estate, economic conditions, property taxes, tax laws and interest rates all present potential risks to real estate investments.

Some accounts may invest in Master Limited Partnership (“MLP”) units, which may result in unique tax treatment. MLPs may not be appropriate for ERISA or IRA accounts, and cause K-1 tax treatment. Please consult your tax adviser for additional information regarding the tax implications associated with MLP investments.

Alternative investments are generally considered speculative in nature and may involve a high degree of risk, particularly if concentrating investments in one or few alternative investments. These risks are potentially greater and substantially different than those associated with traditional equity or fixed income investments. The investment strategies used by certain Funds require a substantial use of leverage. The investment strategies employed and associated risks are more fully disclosed in each Fund’s prospectus, which is available from your financial advisor.