An Innovative Blend
Opposing yet complementary
investment approaches
to help you achieve your financial goals
Opposing yet complementary
investment approaches
to help you achieve your financial goals
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ActivePassive Small/Mid Cap Growth Fund Ticker Share Class A: APMGX
Investment Objective & Strategy The ActivePassive Small/Mid Cap Growth Fund seeks long term capital appreciation. It invests at least 80% of its net assets directly in equity securities of small and medium capitalization U.S. companies (companies with market capitalizations between $14 million and $31 billion) and through other investment companies, such as mutual funds or exchange traded funds (ETFs) which invest primarily in those types of equity securities. Current Optimal Ratio*  *The Advisor allocates between 40% and 70% of the Fund's net assets to the subadvisor for active management and between 30% and 60% of the Fund's net assets for passive management. Within these guidelines, the portfolio managers establish the fund's Current Optimal Ratio (COR). The COR is based on the advisor's proprietary and ongoing analysis for each investment category and may change over time. Featured Investments Active Component Eagle Asset Management provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals. Its clients currently entrust approximately $16.5 billion in an investment philosophy designed to deliver superior, risk-adjusted returns via both separately managed account and mutual fund platforms. Founded in 1976, Eagle was built on the cornerstones of intelligence, experience and conviction that it believes clients expect from their investment managers. View Investment Strategy Summary Eagle Asset Management has subadvised the active component of the ActivePassive Small/Mid Cap Growth Fund since November 16, 2009. Prior to November 16, 2009, the active subadvisor for the Fund was Ashfield Capital. Passive Component Seventy-nine percent (79%) of the Fund's passive component is allocated to the iShares Russell 2000 Growth Index Fund (IWO), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization growth sector of the U.S. equity market, as represented by the Russell 2000 Growth Index. Twenty-one percent (21%) of the Fund's passive component is allocated to the iShares Russell Midcap Growth Index Fund (IWP), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the mid-capitalization growth sector of the U.S. equity market as represented by the Russell Midcap Growth Index.
Disclosures Mutual fund investing involves risk. Principal loss is possible. The fund is non-diversified, meaning that it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore the fund is more exposed to individual stock volatility than a diversified fund. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and difference in accounting methods. The fund will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying ETFs. Because the fund invests in ETFs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares. References to other funds should not be interpreted as an offer of these securities. The fund charges a maximum 5.75% sales load. The sales load is waived for investors purchasing shares through the Advisor's wrap program. Speak with your Investment Advisor for more details.
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