Inception of Institutional Class shares is June 1, 2004. The performance information shown for Institutional Class shares represents the performance of the Individual Investor Class shares for the period prior to Institutional Class inception. Expenses have not been adjusted to reflect the expenses allocable to Institutional Class shares. If such expenses were reflected, the returns would be higher than those shown. Institutional Class Inception date return since June 1, 2004 is 7.02 (annualized).

Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Total annual High Yield Bond Fund operating expenses, gross of any fee waivers or reimbursements, are 1.52%. Total High Yield Bond Fund Fund operating expenses , net of fee waivers, reimbursements and acquired fund fees and expenses, are 0.74%.