Mutual fund investing involves risk. Principal loss is possible. Past performance is not a guarantee of future results.

The Select Large Value, Select SPARX Japan and Select SPARX Japan Smaller Companies Funds may invest in small and medium-capitalization companies, which tend to have limited liquidity and greater price volatility than large-capitalization companies.  The Select SPARX Japan and Select SPARX Japan Smaller Companies Funds make investments in foreign securities, which involve greater volatility and political, economic and currency risk and differences in accounting methods. 

The funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing.