Performance data
quoted represents past performance; past performance does
not guarantee future results. The
investment return and principal value of an investment will fluctuate
so
that an
investor's
shares, when
redeemed, may be worth more or less than their original cost. Current
performance of the Funds may be lower or higher than the performance
quoted. Performance data shown
is current to the most recent month end. For each Fund the total
returns reflect a fee waiver in effect and
in
the absence of this waiver, the total returns would be lower.
The Funds invest in foreign securities which will involve greater
volatility and political, economic and currency risks and difference
in accounting methods. The Funds are non-diversified meaning they
may concentrate their assets in fewer individual holdings than
diversified
funds. Therefore, the Funds are more exposed to individual stock
volatility than diversified funds. The Asia Focus Fund also invests
in smaller companies, which will involve additional risks such
as limited liquidity and greater volatility
