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Emerging Value Opportunities Fund received two awards, of which certificates are shown above, in March 2005, based on its performance during the past one year and five years periods ending December 31st, 2004. Standard & Poors uses a proprietary methodology called Relative Risk Adjusted Ratio, which rewards not only superior performance but also the consistency of that out-performance relative to the benchmark of the fund’s peers (Source: Standard&Poors). More information about the calculation methodology and the awards can be found at the web site of Standard&Poor’s at http://www.funds-sp.com
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