Past performance is no guarantee of future returns.
Investment return and principal value will fluctuate and an investor's shares, when redeemed, may be worth more or less than their original cost. The performance seen here is accurate of that time period, however, volatile market conditions could greatly affect current returns. Although our gain was modest and we earned less than the average mid-cap value fund, we did earn substantially more than all the major stock market indices which were in negative territory. The overall return column in the table shows investment performance only and does not deduct the sales charge. The performance figures for the average mid-cap value fund also do not deduct any sales charges that may apply.