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Level Two: Manager Fact Sheet

Used in the Directed Account Plan International Stock Option

as of  9/30/11

This Fund seeks to provide long-term growth of capital by investing primarily in equity securities issued by non U.S. (international) companies that are believed to be trading significantly below their estimated current worth. The Fund may invest in companies of any size.

Annual Performance

Comparison to Benchmark

* Note

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.

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