OVERVIEW (as of 12/31/2009 )
 
Investment Objective:The Fund seeks to maximize total return through capital gains and current income while preserving capital value.

Investment Strategy:The Fund is actively managed and invests in a diversified portfolio composed primarily of global fixed income securities with an average dollar-weighted duration normally between three to ten years.

Investment Suitability:This fund may be suitable for investors who have a medium to long-term investment horizon, seek higher returns than those offered by a shorter maturity bond fund, can accept short-term fluctuations in account value and want to diversify their portfolio with a globally diversified fixed-income investment option. This fund may invest, to a large extent, in high yield securities, commonly known as "junk bonds". While offering higher current yields, these securities may be considered speculative and are subject to greater risks than higher-rated bonds.Securities of emerging countries may involve additional risks including price volatility, reduced liquidity, currency fluctuation and financial reporting requirements as well as political and economic instability.