OVERVIEW (as of 3/31/2008 )
 
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:The Global Bond Fund is not available for direct investment. This Fund invests in high yield securities, commonly known as “junk bonds”. While offering higher currency yields, these securities generally are 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.