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Morningstar Rankings

Morningstar Rankings - Class N    (For the Period ending 09/30/2008)
Fund's Ranking / # of Funds in Peer Group
Domestic Equity FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
Growth Fund Large Growth 162 / 1780 51 / 1489 156 / 1222 176 / 590
 Percentile Ranking   11 4 15 36
Tax-Managed Growth Fund Large Growth 510 / 1780 370 / 1489 300 / 1222 --
 Percentile Ranking   34 30 29 --
Large Cap Growth Fund Large Growth 317 / 1780 512 / 1489 772 / 1222 --
 Percentile Ranking   21 41 75 --
Small Cap Growth Fund Small Growth 636 / 839 537 / 695 276 / 571 --
 Percentile Ranking   88 91 58 --
Mid Cap Growth Fund Mid-Cap Growth 122 / 951 -- -- --
 Percentile Ranking   15 -- -- --
Small-Mid Cap Growth Fund Mid-Cap Growth 226 / 951 212 / 835 -- --
 Percentile Ranking   28 31 -- --
Value Discovery Fund Small Value 18 / 435 4 / 335 128 / 267 51 / 117
 Percentile Ranking   5 2 55 51
International Equity FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
International Growth Fund Foreign Large Growth 174 / 224 105 / 181 62 / 153 1 / 70
 Percentile Ranking   89 67 47 1
International Equity Fund Foreign Large Growth 166 / 224 126 / 181 -- --
 Percentile Ranking   85 80 -- --
International Small Cap Growth Fund Foreign Small/Mid Growth 36 / 130 -- -- --
 Percentile Ranking   32 -- -- --
Emerging Markets Growth Fund Diversified Emerging Mkts 229 / 297 134 / 222 -- --
 Percentile Ranking   89 69 -- --
Fixed Income FundsPeer Group1 Yr.3 Yrs.5 Yrs.10 Yrs.
Bond Fund Intermediate-Term Bond 273 / 1126 -- -- --
 Percentile Ranking   28 -- -- --
Income Fund Short-Term Bond 302 / 441 272 / 378 212 / 317 101 / 164
 Percentile Ranking   81 85 78 71

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.