The
performance data quoted represents past performance. Past performance does
not guarantee future results and current performance may be lower or
higher than the performance quoted.
Average annual total returns and yield figures reflect the reinvestment of
dividends, capital gains distributions, all fee waivers and expense
reimbursements. Without the fee waivers and expense reimbursements, total
return and yield figures would have been lower. Total return and yield
figures represent past performance. Investment return and principal value
will vary, and shares, when redeemed, may be worth more or less than their
original cost. Westcore fund shares are not insured by the FDIC, the
Federal Reserve Board or any other agency and are subject to investment
risk.
*
Without fee waivers and/or expense reimbursements, yield would
have been 7.30%, 5.39%, 2.37% respectively.
Investing
in small-cap funds and/or concentrated funds can be more volatile and loss
of principal could be greater than investing in large-cap or more
diversified funds.
Investing
in foreign securities entails special risks, such as currency fluctuations
and political uncertainties, which are described in more detail in the
prospectus.
Westcore Flexible Income and
Plus Bond Funds are subject to additional risk in that each may invest in
high-yield/high-risk bonds and are subject to greater levels of liquidity
risk.
** Westcore Growth, Select, International Frontier, and
Mid-Cap Opportunity Funds participate in the Initial Public Offering
("IPO") market and a significant portion of the Funds' returns
have been attributable to its investments in IPOs during certain periods,
which in turn have had a magnified impact due to the Funds' relatively
small asset base. There is no guarantee that as the Funds' assets grow, it
will continue to experience substantially similar performance by investing
in IPOs. See "Financial Highlights" within the prospectus.
An
investor should consider investment objectives, risks, charges and
expenses of the Fund(s) carefully before investing. Click here for a prospectus,
which contains this and other important information. Please read the
prospectus carefully before investing.
Westcore
Funds are distributed by ALPS Distributors, Inc.
The Russell Midcap Growth Index measures the performance of those Russell Midcap companies with higher
price-to-book ratios and higher forecasted growth values in the Russell 1000 index. It is an unmanaged index.
The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on
the average performance of 500 widely held common stocks. It is an unmanaged index.
The MSCI EAFE Small Cap Index is
unmanaged and is an arithmetic, market value-weighted average of the
performance of securities of small cap companies listed on the stock
exchanges of 21 developed markets outside of North America with a
capitalization range of $200 million - $1.5 billion.
The Russell Midcap Index is an unmanaged index that measures the performance of the 800 smallest companies in the
Russell 1000 Index, which represents approximately 35% of the total market capitalization of the Russell 1000 Index.
The Russell 2000 Index is an unmanaged index that measures the performance of the 2,000 smallest companies in
the Russell 3000 Index, which represents approximately 11% of the total market capitalization of the Russell 3000
Index.
The
Lehman
Brothers U.S. Corporate High Yield Ba Index is an unmanaged index that
measures the performance of intermediate (1 to 10 year) U.S. high yield
issues. It includes fixed-rate, noninvestment grade debt issues rated Ba1
or lower by Moody's, rated BB+ or lower by S&P, rated below investment
grade by Fitch Investor's Service or if unrated previously held a high
yield rating or have been associated with a high yield issuer, and must
trade accordingly.
***
The Flexible Income Custom Index is comprised of the Lehman
Brothers Long-Term Government/Corporate Bond Index for the
time period 6/1/88 - 9/30/00 and the Lehman Brothers U.S.
Corporate High Yield Ba Index for the time period 10/1/00
- 6/30/04 to reflect the change in the Fund's investment strategy
on 10/1/00. The Adviser believes that the Custom Index is
the best comparison for historical performance over three
years.
The
Lehman Brothers Long-Term Government/Corporate Bond Index is an unmanaged
index that includes fixed rate debt issues rated investment grade or
higher by Moody's Investors Services, Standard & Poor's Corporation or
Fitch Investor's Service, in order. Long-term indices include bonds with
maturities of ten years or longer.
The Lehman Brothers Aggregate Bond Index is an unmanaged, fixed income, market-value-weighted index
generally representative of intermediate-term government bonds, investment grade corporate debt securities and mortgage-backed securities. The Lehman Brothers Aggregate Bond Index figures do not reflect any fees or expenses. Investors
cannot invest directly in this Index.
The Lehman Brothers 10-Year Municipal Bond Index is an unmanaged index that includes investment grade (Moody's Investor
Services Aaa to Baa, Standard & Poor's Corporation AAA to BBB) tax-exempt bonds with maturities between eight and twelve
years.
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