Growth Strategy

Investors primarily seeking growth of assets through a broadly diversified equity strategy are most likely suited for this model. A higher degree of volatility is associated with a pure equity portfolio. However, through diversification, it is anticipated that any instability will remain below broad-equity market levels. A time horizon of five years or longer is strongly recommended to allow full participation in changing market cycles.

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.

Asset allocations current as of August 1, 2009, and are subject to change without notice and may include the addition, removal or substitution of one or more asset classes. International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. Investing in small- and mid-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. Please read the accompanying descriptions of these strategies. 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.