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For the period ending December 31, 2009, the Fund's 1-year and since inception (10/17/05) average annual returns were 32.78% and 4.55%, respectively. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Shares redeemed within 60 days of purchase are subject to a 2.00% redemption fee. As stated in the current prospectus, the Fund's total annual operating expense ratio is 2.16%, which includes short sale dividend expense of 0.29%. If the dividend expense of 0.29% related to short sales were not included, total operating expenses would have been lower.
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The article excerpts and hyperlinks reference individual securities that may or may not currently be held by the Fund. Click here to view a recent listing of the Fund's top 10 holdings. The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. One cannot invest directly in an index.
David Winters interviewed by SmartMoney TV
June 02, 2009
SmartMoney's Janet Paskin talks to David Winters at the 2009 Morningstar Conference.
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