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Morningstar Rankings

Morningstar Rankings - Class N    (For the Period ending 07/31/2008)
Fund's Ranking / # of Funds in Peer Group
Domestic Equity FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
Growth Fund Large Growth 337 / 1788 130 / 1501 231 / 1218 199 / 590
 Percentile Ranking   23 11 23 41
Tax-Managed Growth Fund Large Growth 881 / 1788 594 / 1501 434 / 1218 --
 Percentile Ranking   59 47 43 --
Large Cap Growth Fund Large Growth 623 / 1788 789 / 1501 848 / 1218 --
 Percentile Ranking   42 63 83 --
Small Cap Growth Fund Small Growth 701 / 857 535 / 707 295 / 574 --
 Percentile Ranking   96 90 61 --
Mid Cap Growth Fund Mid-Cap Growth 343 / 949 -- -- --
 Percentile Ranking   43 -- -- --
Small-Mid Cap Growth Fund Mid-Cap Growth 618 / 949 435 / 816 -- --
 Percentile Ranking   77 64 -- --
Value Discovery Fund Small Value 88 / 440 33 / 327 152 / 262 50 / 109
 Percentile Ranking   23 12 67 53
International Equity FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
International Growth Fund Foreign Large Growth 145 / 221 64 / 177 31 / 152 1 / 70
 Percentile Ranking   75 42 24 1
International Equity Fund Foreign Large Growth 115 / 221 122 / 177 -- --
 Percentile Ranking   59 80 -- --
International Small Cap Growth Fund Foreign Small/Mid Growth 27 / 119 -- -- --
 Percentile Ranking   26 -- -- --
Emerging Markets Growth Fund Diversified Emerging Mkts 205 / 294 25 / 217 -- --
 Percentile Ranking   80 13 -- --
Fixed Income FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
Bond Fund Intermediate-Term Bond 342 / 1123 -- -- --
 Percentile Ranking   36 -- -- --
Income Fund Short-Term Bond 276 / 440 258 / 376 178 / 309 71 / 164
 Percentile Ranking   74 82 67 50

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.