| Monthly Performance as of January 31, 2012 | |||||||
|---|---|---|---|---|---|---|---|
| 1-Month | 3-Month | YTD | 1 Year | 3 Year* | 5 Year* | 10 Year* | |
| Dean Mid Cap Value Fund | 6.18% | 7.98% | 6.18% | -1.80% | 15.82% | -3.23% | 0.29% |
| Russell Midcap Value¹ | 4.91% | 5.68% | 4.91% | 1.19% | 24.54% | 0.39% | 8.08% |
| Quarterly Performance as of December 31, 2011 | ||||||
|---|---|---|---|---|---|---|
| QTD | YTD | 1 Year | 3 Year* | 5 Year* | 10 Year* | |
| Dean Mid Cap Value Fund | 16.52% | -4.39% | -4.39% | 8.84% | -4.23% | -0.88% |
| Russell Midcap Value¹ | 13.36% | -1.38% | -1.38% | 18.20% | 0.03% | 7.66% |
*Periods greater than 1 year are annualized.
Gross Expense Ratio: 2.52% / Net Expense Ratio: 1.50%. Expense ratios per the 7/29/11 prospectus. Gross expenses reflect actual expenses incurred during the fiscal year ended March 31, 2011. The Fund’s advisor, Dean Investment Associates, has contractually agreed to waive its management fee and/or to reimburse certain Fund operating expenses so that annual operating expenses do not exceed 1.5% of the Fund’s average daily assets. This contractual agreement is in place through July 31, 2012.
¹Russell Midcap Value measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values. The performance of the index does not reflect deductions for fees, expenses or taxes. Index is not available for purchase. The Russell Midcap is an unmanaged, capitalization-weighted index of domestic mid-cap stocks. It is a subset of the Russell 1000 Index and includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership.
Effective 3/31/11 DALCX changed investment strategies from Large Cap Value to Mid Cap Value. In accordance with this change the Fund’s benchmark was updated from the Russell 1000 Value to the Russell Midcap Value. Performance prior to 3/31/11 pertains to the history of the Fund as a large cap value vehicle. Comparing the Fund’s 3, 5 and 10 year history against a mid cap index’s history for the same period may not be significant.
The Fund’s past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-888-899-8343.