Management Team

Having confidence in a mutual fund's management team is an important factor when deciding where you want to invest. Managers determine the fund's asset allocation and style, and buy and sell the fund's underlying securities on a regular basis to achieve the fund's investment objectives. Therefore, a change in portfolio managers can change the fund's subsequent performance substantially.

Investors typically look at how long the management team has managed the particular fund, other funds the team has managed, as well as previous experience and education the manager may have.

If a fund's management team has recently changed, past performance may not be as helpful a criterion upon which to evaluate the fund. New managers may either improve or hinder a fund's performance, depending on how different the manager's skill and style is from the old.

Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. A prospectus contains this and other information. A mutual fund prospectus is available through www.scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing.