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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.
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.
Investing in bond funds
entails interest rate risk and credit risk which are described
in more detail in the prospectus.
2Without
fee waivers and/or expense reimbursements, yield would have
been 6.77%
and 4.93%,
respectively.
3The
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 - current 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. Investors cannot
invest directly in this index.
4The
Funds' Adviser and Administrators have contractually agreed
to waive a portion of the investment advisory and/or administration
fees and/or to reimburse other expenses from April 29, 2008
until at least April 29, 2009, so that Net Annual Fund Operating
Expenses will be no more than quoted for the current fiscal
year. You will be notified if these waivers and/or reimbursements
are discontinued after that date resulting in a material change
in expense ratio. The waivers are described in more detail
in the prospectus.
Westcore
Funds are distributed by ALPS Distributors, Inc.
The
Russell Midcap Growth Index is the benchmark index for the
Westcore MIDCO Growth and Select Funds. The 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. Investors
cannot invest directly in this index.
The
Russell 1000 Growth Index
is the benchmark index for the Westcore Growth Fund.
The Index is an unmanaged market-capitalization weighted index
of those firms in the Russell 1000 with higher price-to-book
ratios and higher forecasted growth values than the threshold
determined by the Frank Russell Company. The Russell 1000
includes the largest 1000 firms in the Russell 3000, which
represents approximately 98% of the investable U.S. equity
market.
The
S&P 500 Index is the benchmark index for the Westcore
Blue Chip Fund. The 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.
Investors cannot invest directly in this index.
The
Russell 2000 Index is the benchmark index for the Westcore
Small-Cap Opportunity Fund. The 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. Investors cannot invest directly in this index.
The
Russell 2000 Value Index is the benchmark index for the Westcore
Small-Cap Value Fund. Market-weighted total return
index that measures the performance of companies within the
Russell 2000 Index having lower price-to-book ratios and lower
forecasted growth values than the threshold determined by
the Frank Russell Company. The Russell 2000 Index includes
the 2000 firms from the Russell 3000 Index with the smallest
market capitalizations. The Russell 3000 Index represents
98% of the of the investable U.S. equity market.
The
Lehman Brothers U.S. Corporate High Yield Ba Index is the
benchmark index for the Westcore Flexible Income Fund. The
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. Investors
cannot invest directly in this index.
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 - 10/31/04 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. Investors cannot
invest directly in this index.
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. Investors cannot invest directly in
this index.
The
Lehman Brothers Aggregate Bond Index is the benchmark index
for the Westcore Plus Bond Fund. The 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.
Investors cannot invest directly in this index.
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