The Select Fund - Performance
| as of 6/30/2010 | Total Return | Average Annual Return (%) | |||
| YTD % | 1 Year | 3 Year | 5 Year | 10 Year | |
| The Select Fund | 3.99 | 34.60 | -3.21 | 5.58 | 12.51 |
| Russell 2500 Index | -1.69 | 24.03 | -7.98 | 0.98 | 4.15 |
| Russell 2000 Index | -1.95 | 21.48 | -8.60 | 0.37 | 3.00 |
|
Expense Ratio: 1.34% |
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| as of 6/30/2010 | Total Return | Average Annual Return (%) | |||
| YTD % | 1 Year | 3 Year | 5 Year | 10 Year | |
| The Select Fund | 3.99 | 34.60 | -3.21 | 5.58 | 12.51 |
| Russell 2500 Index | -1.69 | 24.03 | -7.98 | 0.98 | 4.15 |
| Russell 2000 Index | -1.95 | 21.48 | -8.60 | 0.37 | 3.00 |
|
Expense Ratio: 1.34% |
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Click here for: Tocqueville | Small Cap | International Value | Delafield | Gold
The average annual return and total return measure change in the market value of an investment in the Fund, assuming reinvestment of all dividends and capital gains. Average annual return reflects annualized change whereas total return reflects aggregate change, and is not annualized. The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The Select Fund may invest in the stocks of smaller companies which carry special risks including, narrower markets, limited financial and management resources, less liquidity, and greater volatility than the stocks of larger companies. The Fund's investments, which are often value or special situations, are likely to not correlate with the overall market averages. Hence, there may be periods when the Fund's performance may lag these measures. The current performance may be lower or higher than the performance data quoted. The Fund's average annual return and total return are compared with the Russell 2500 Index and the Russell 2000 Index. While the Fund does not seek to match the return of these indices, they are a good indicator of general stock market performance. You may not invest directly in the Russell 2500 Index or the Russell 2000 Index and, unlike the Fund, they are not managed and do not incur fees and expenses. The Fund's portfolio may differ significantly from the securities that are included in the Indices.
The three month performance does not reflect the redemption fee of 2% on shares redeemed within 120 days of purchase. If deducted, the fee would reduce the performance quoted above. Performance for the period 9/27/08 to 9/27/09 is for the Delafield Select Fund ("DSF"), a series of Natixis Funds Trust II, which was reorganized into the Select Fund on 9/28/09. Performance for periods prior to 9/27/08 is of the Reich & Tang Concentrated Portfolio L.P. (the "LP"), which was reorganized into DSF on 9/26/08. Following the reorganization of the LP into DSF, the LP's returns were adjusted to deduct estimated fees and expenses applicable to DSF's Class Y shares, based on projected asset levels for the first operating year of its Class Y shares (not taking into account any fee waivers or expense reimbursements). DSF and the LP had most of the same Portfolio Managers and substantially identical investment objectives and strategies as the Select Fund. Performance since 9/28/09 reflects actual Select Fund performance.
Please consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. For more complete information on this Fund, including its charges and expenses, please obtain a free prospectus by downloading a copy from this website, by contacting one of the broker/dealers listed on this site, or by calling 1-800-697-3863. Please read the prospectus carefully before you invest or send money.