Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost. The Adviser has reimbursed certain Fund expenses and the Fund's transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted above. For performance information current to the most recent month end, click on Total Returns By Month tab above.
Performance for the Institutional Shares prior to 5/29/2009, is based on the performance of the Retail Shares, which have a distribution fee. The Institutional Shares do not have a distribution fee. If the annual returns prior to 5/29/2009, did not reflect this fee, the returns would be higher.
*As of fiscal year ended 9/30/2014 the gross expense ratio of the Fund’s Institutional Shares was 1.08%, but the net expense ratio was 1.05% (net of Adviser's fee waivers).
Historical Performance is annualized and for the period since inception on 4/30/2004 through 12/31/2004.
Definitions (provided by BAMCO, Inc.): The indexes are unmangaged. The S&P 500 Index measures the performance of 500 widely held large-cap U.S. companies. The Russell 1000® Growth Index measures the performance of large-sized U.S. companies that are classified as growth. The indexes and the Fund are with dividends, which positively impact the performance results. The indexes and the Fund are with dividends, which positively impact the performance results. The Morningstar Large Growth Average is not weighted and represents the straight average of annualized returns of each of the funds in the Large Growth category. The Fund's Institutional Shares have been included in the category since May 29, 2009 and the Fund's Retail Shares since inception. As of 6/30/13, the category consisted of 1774, 1756, 1698, 1488, and 1308 funds for the 3-month, year-to-date, 1-, 3-, and 5-year periods. © 2014 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.