1 Investing in mid-, small-, micro-cap or non-diversified funds generally will be more volatile and loss of principal could be greater than investing in large-cap or more diversified funds.
2 Investing in foreign securities entails special risks, such as currency fluctuations and political uncertainties.
3 The Westcore Fixed Income Funds are subject to additional risk in that they may invest in high yield/high-risk bonds and may be subject to greater levels of liquidity risk. Additionally, investing in bonds entails interest rate risk and credit risk.
The risk profile spectrum provides an approximate illustration of the relative volatility of the Westcore Family of Funds determined by using each fund's 5-year annualized standard deviation as of 3/31/10. If the fund's retail class has less than five years of operations as of that date, the standard deviation of the fund's benchmark index is used instead. Standard deviation is a statistical measure of the historical volatility of a fund, which we believe can assist in classifying a fund within a risk spectrum. The placement on the risk spectrum (Low to High) is based on the comparison of each Fund's standard deviation measure, as described above, in relation to the universe of funds with a 5-year standard deviation measure as obtained from a third-party fund database. We believe those measures are accurate but have not independently verified them. Please refer to the prospectus for each fund's specific risks. Also a fund's measure of volatility is subject to change without notice as market or economic conditions change, and such changes may include significant and nonrecurring volatility events. Historical volatility is not necessarily indicative of future volatility and there is no guarantee that in any time period any one fund will be more or less volatile than any other fund.
