Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. 

The 60/40 Hybrid of S&P 500 and Lehman U.S. Aggregate Bond Index is a blend of 60% S&P 500 Composite Index and 40% Lehman U.S. Aggregate Bond Index, as calculated by the Adviser, and is not available for direct investment. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees or other expenses.

Asset allocation cannot guarantee a profit or prevent a loss. An investment in the Fund is subject to interest rate risk, which is the possibility that a Fund's yield will decline due to falling interest rates and the potential for bond prices to fall as interest rates rise. International investments are subject to special risks not ordinarily associated with domestic investments, including currency fluctuations, economic and political change and differing accounting standards that may adversely affect portfolio securities. Investments in small and mid capitalization companies present a greater risk of loss than investments in large companies.

Net expense ratio includes voluntary expense reimbursements by the Funds' investment advisers that may change or end at any time.