Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the most recent month-end performance, please call 866.233.3368.
*The Fund’s adviser has agreed contractually to waive a portion of its fees and/or reimburse expenses until October 31, 2010.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information are in the prospectus, a copy of which may be downloaded or obtained by calling 866.233.3368 or 866.2DF.DENT (toll-free). Please read the prospectus carefully before you invest. The Fund is not available for sale in all states. To find out if the Fund is available for sale in your state, and to request state registration if not available, please call the number listed above.

The Fund invests in small and medium size companies. Investments in these companies, especially smaller companies, carry greater risk than is customarily associated with larger companies for various reasons such as increased volatility of earnings and prospects, narrower markets, limited financial resources and less liquid stock.

1 Annual and semi-annual shareholder letters may contain outdated performance figures and rankings.