The Russell 1000 Growth Index, an unmanaged index of 1,000 largest U.S. companies with higher price-to-book ratios and higher forecasted growth values, is not available for direct investment. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees or other expenses. The market cap range of the benchmark frequently changes. As a result, the capitalization of companies in which the Fund invests may also change.
Investments in growth companies can be more sensitive to the company’s earnings and more volatile than the stock market in general.
Net operating expenses reflect contractual waivers and expense reimbursements that, if not renewed, will expire at the end of September 2012. For more information on fee waivers or expense reimbursements please see the expense table in the prospectus. Expenses listed above reflect those of the most recent prospectus.