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Morningstar Rankings

Morningstar Rankings - Class N    (For the Period ending 06/30/2008)
Fund's Ranking / # of Funds in Peer Group
Domestic Equity FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
Growth Fund Large Growth 404 / 1786 152 / 1488 216 / 1215 212 / 589
 Percentile Ranking   27 13 22 44
Tax-Managed Growth Fund Large Growth 825 / 1786 488 / 1488 424 / 1215 --
 Percentile Ranking   55 39 42 --
Large Cap Growth Fund Large Growth 667 / 1786 910 / 1488 816 / 1215 --
 Percentile Ranking   44 73 81 --
Small Cap Growth Fund Small Growth 689 / 859 512 / 705 251 / 571 --
 Percentile Ranking   95 86 52 --
Mid Cap Growth Fund Mid-Cap Growth 383 / 949 -- -- --
 Percentile Ranking   48 -- -- --
Small-Mid Cap Growth Fund Mid-Cap Growth 672 / 949 439 / 813 -- --
 Percentile Ranking   84 65 -- --
Value Discovery Fund Small Value 105 / 445 59 / 331 152 / 265 49 / 108
 Percentile Ranking   28 21 66 53
International Equity FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
International Growth Fund Foreign Large Growth 105 / 227 49 / 182 17 / 157 1 / 75
 Percentile Ranking   53 31 13 1
International Equity Fund Foreign Large Growth 69 / 227 112 / 182 -- --
 Percentile Ranking   35 71 -- --
International Small Cap Growth Fund Foreign Small/Mid Growth 30 / 118 -- -- --
 Percentile Ranking   30 -- -- --
Emerging Markets Growth Fund Diversified Emerging Mkts 194 / 293 20 / 217 -- --
 Percentile Ranking   77 11 -- --
Fixed Income FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
Bond Fund Intermediate-Term Bond 335 / 1126 -- -- --
 Percentile Ranking   35 -- -- --
Income Fund Short-Term Bond 294 / 447 269 / 381 181 / 303 69 / 164
 Percentile Ranking   77 84 69 49

Performance cited represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. Returns shown are average annual total returns, which assume reinvestment of dividends and capital gains. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares.

International investing involves special risk considerations, including currency fluctuations, lower liquidity, economic and political risk. Investing in emerging markets can increase these risks.

Investments in initial public offerings (IPOs) during favorable market conditions have significantly contributed to the Emerging Markets Growth Fund's performance since its inception.  As the Fund grows in size or as market conditions for IPOs become less favorable, the impact of IPOs is likely to diminish.


Investing in smaller companies involves special risks, including higher volatility and lower liquidity.

Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category.

The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.