International Equity 130/30

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost.

Investment performance may reflect voluntary fee waivers which may be discontinue at any time. Without these fee waivers performance would have been lower.

Stocks are generally more volatile than bonds, but may offer greater return potential. International investing involves increased risk and volatility. The performance of an index fund is expected to be lower than that of its corresponding Index because of Fund fees and expenses. The Real Estate 130/30 Fund is a non-diversified, single industry fund that may be more volatile than a more diversified fund. Investment in real estate involves risks, including overbuilding, vacancies, and property tax and operating expense increases. The net asset value per share of these funds will fluctuate as the value of the securities in the portfolio changes. Read our description of share classes and share values (NAV and POP).