Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.

*Star ratings are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is a weighted average of the 3-, 5-, and 10-year (if applicable) returns. 5 stars = top 10% of funds in an asset category; 4 stars = next 22.5% of funds; 3 stars = next 35%; 2 stars = next 22.5% and 1 star = next 10%. A fund must be in existence three years to be rated. Ratings are subject to change monthly.

Income Equity received 5 stars for the 3-year rating among 805 moderate allocation funds, 4 stars for the 5-year rating among 706 funds and 4 stars for the 10-year rating among 415 funds.

Mid Cap Index received 4 stars for the 3-year rating among 348 mid-cap blend funds and 4 stars for the 5-year rating among 312 funds. The 10-year Morningstar Rating is not available.

Multi-Manager Emerging Markets Equity received 4 stars for the 3-year rating among 357 diversified emerging markets funds. The 5- and 10-year Morningstar Ratings are not available.

Small Cap Value received 4 stars for the 3-year rating among 286 small value funds, 3 stars for the 5-year rating among 249 funds and 4 stars for the 10-year rating among 149 funds.

Technology received 4 stars for the 3-year rating among 192 technology funds, 4 stars for the 5-year rating among 168 funds and 3 stars for the 10-year rating among 141 funds.

California Intermediate Tax-Exempt received 4 stars for the 3-year rating among 47 municipal California intermediate bond funds, 4 stars for the 5-year rating among 40 funds and 3 stars for the 10-year rating among 36 funds.

California Tax-Exempt received 4 stars for the 3-year rating among 134 municipal California long funds, 4 stars for the 5-year rating among 128 funds and 4 stars for the 10-year rating among 107 funds.

Ultra-Short Fixed Income received 4 stars for the 3-year rating among 87 ultrashort bond funds. The 5- and 10-year Morningstar Ratings are not available.

©2013 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.