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Quarter-End PerformancePerformance for Class A Shares Purchased Into Accounts Opened After 9-9-05
Performance for Class A Shares Purchased Into Accounts Opened Prior to 9-9-05
Figures quoted represent past performance, which is no guarantee of future results. Investment return, principal value and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted. Click here for current month-end performance. Public offering price (POP) shows the performance of the portfolio including any sales charges. Net asset value (NAV) shows the performance of the portfolio excluding any sales charges. For Class A shares, the maximum sales charge is 5.75% for the growth and balanced Portfolios, and 4.5% for the bond Portfolios, which is effective for accounts opened after September 9, 2005. The maximum sales charge for growth, balanced, and bond Portfolio accounts opened prior to September 9, 2005 is 3.50%. Effective 12/1/2009 the 2.00% sales charge for Class A shares of the Ultra-Conservative Portfolio has been eliminated. *Returns for periods of less than one year are not annualized and do not include the effect of sales charges.
Figures quoted represent past performance, which is no guarantee of future results. Investment return, principal value and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted. Click here for current month-end performance. Public offering price (POP) shows the performance of the portfolio including any sales charges. Net asset value (NAV) shows the performance of the portfolio excluding any sales charges. For Class B shares, the maximum applicable contingent deferred sales charge is 1.00%, and is eliminated after year six. *Returns for periods of less than one year are not annualized and do not include the effect of sales charges. Class B shares are closed to new accounts and to additional contributions.
Figures quoted represent past performance, which is no guarantee of future results. Investment return, principal value and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted. Click here for current month-end performance. Public offering price (POP) shows the performance of the portfolio including any sales charges. Net asset value (NAV) shows the performance of the portfolio excluding any sales charges. For Class C shares, the maximum applicable contingent deferred sales charge (CDSC) is 1.00%, and is eliminated after 12 months. Effective 12/1/2009, the CDSC fee for the Ultra-Conservative Portfolio has been eliminated on all new shares purchased. Performance shown for the Ultra-Conservative Portfolio does not reflect the elimination of this fee. *Returns for periods of less than one year are not annualized and do not include the effect of sales charges. Enrollment-Based Tracks
An investment in the Ultra-Conservative Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Ultra-Conservative Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in it. tomorrow's scholar portfolios may invest in stock and bond investments. Stock investment values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond investment values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. In general, when interest rates rise, bond investment values fall and investors may lose principal value. Consult a program description for additional information on these and other risks.
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