International Growth Fund
Quarterly Review
June 30, 2010

Investment Objective

Fund Characteristics

• Common stocks from a broad range of foreign growth companies of all sizes, including developed and emerging markets

Investment Approach

• Seeks to invest in stocks of well-managed, quality growth companies expected to maintain superior growth, profitability and quality relative to other companies in the same industry worldwide
• The selection of individual stocks through in-depth, bottom-up research is the Fund’s primary focus. Industry sector allocation and country selection are the next most important investment criteria
• Invests primarily in developed market economies, but will generally invest about 10-35% of its assets in emerging markets

What Makes this Fund Different?

• Rigorous bottom-up research, top-down analytical perspective; adherence to well-defined investment parameters and disciplines ensures quality selection and management of international securities
• The Fund generates an overview of markets by region; looks at broader issues, including economic themes as well as sector and market trends
• Risk management through its focus on the quality of company management, diversification across market sectors, capitalizations (small, medium and large) and countries, including emerging markets. Constant review of portfolio parameters
• Experienced management; support from a team of seasoned analysts with more than 50 years of combined experience in international developed and emerging markets
• No style drift; consistent focus on foreign quality growth companies of all sizes