The Fund’s Investor share class returned -15.02% during
the quarter, compared with the average return of -4.11%
for the 207 funds in Lipper Absolute Return category†.
Additionally, the Fund’s benchmarks, the S&P 500 Index1and the HFRX Equity Hedge Index1, returned -13.52% and
-8.59% during the period, respectively.
The Active Core Fund’s Investor shares returned -7.32% in the fourth quarter. The Fund’s equity benchmark, the Russell 1000® Index1, returned -13.82%, while its fixed-income benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index1, returned 1.64%.