Inception dates for the Funds shown above are as follows: Aggressive Growth and Small Cap Growth: 12/31/96; Small Cap Value and Value: 5/13/91; Tax Managed Equity: 10/1/95; Bond: 5/16/91; Fixed Income: 1/17/95; Global Bond and Inflation Protected Securities: 5/21/91; Institutional High Income: 6/5/96; Intermediate Duration Fixed Income: 1/28/98; Investment Grade Fixed Income: 7/1/94. Total return for the Admin and Retail classes prior to the Class Inception Date reflects the total return of the Institutional class, adjusted to reflect the current levels of management and 12b-1 fees payable by the Admin and Retail classes, respectively. Total return has not been adjusted to reflect certain other expenses. To obtain a fund's Class Inception Date(s), click on the fund name above.

The Barclays Global Aggregate Bond Index covers the most liquid portion of the global investment grade fixed-rate bond market, including government, credit and collateralized securities. The liquidity constraint for all securities in the index is $300 million. The Barclays Government Bond Index includes treasuries (public obligations of the US Treasury that have remaining maturities of more than one year) and agencies (publicly issued debt of US Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the US Government). The Barclays Govt/Credit Bond Index includes treasuries (public obligations of the US Treasury that have remaining maturities of more than 1 yr) and agencies (publicly issued debt of US Govt agencies, quasi-federal corporations and corporate or foreign debt guaranteed by the US Govt) as well as other publicly issued investment grade corp and non-corp debentures that meet specified maturity, liquidity, and quality requirements. The Barclays Govt/Credit Bond Intermediate Index includes securities which have a remaining maturity of 5-10 yrs and includes treasuries (public obligations of the US Treasury that have remaining maturities of more than 1 yr) and agencies (publicly issued debt of US Govt agencies, quasi-federal corporations and corporate or foreign debt guaranteed by the US Govt), as well as other publicly issued investment grade corporate and non-corporate debentures that meet specific maturity, liquidity, and quality. The Barclays High Yield Index covers the universe of fixed rate, non-investment grade debt. Pay-in-kind bonds, Eurobonds, and debt issues from countries designated as emerging markets (e.g. Argentina, Brazil, Venezuela, etc.) are excluded, but Canadian and global bonds (SEC registered) of issuers in non-EMG countries are included. Original issue zeroes, step-up coupon structures and 144-As are also included. The Barclays US Treasury Inflation Protected Index is an unmanaged index of inflation-protected securities issued by the US Treasury. The Russell 2000 Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell Midcap Growth Index measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000 Growth Index. The Barclays Global Aggregate Index covers the most liquid portion of the global investment grade fixed-rate bond market, including government, credit and collateralized securities. The liquidity constraint for all securities in the index is $300 million. The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index. The S&P 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock's weight in the Index proportionate to its market value.