ESG Managers® Portfolios are multi-manager funds, which are a mix of underlying Sleeve Subadviser portfolios. The Funds’ allocations may change due to market fluctuations and other factors. Emerging market and international investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, economic or political instability in other nations or increased volatility and lower trading volume. Yield and share price will vary with changes in interest rates and market conditions. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that some of the fund’s holdings may have their credit rating downgraded or may default.

Notes About Inception Dates

Inception date is January 4, 2010.

Sales Charge Disclosure

A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 1-year of purchase over $1 million. POP (public offering price) reflects the maximum sales load for the Growth Portfolio, Growth and Income Portfolio and Balanced Portfolio Funds' A Class Shares of 5.50%.
 
A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 1-year of purchase over $1 million. POP (public offering price) reflects the maximum sales load for the Income Portfolio Fund's A Class Shares of 4.50%. 

NAV (net asset value) performance does not reflect the deduction of the sales load and if reflected, the sales load would reduce the performance quoted.

A 1.00% CDSC (contingent deferred sales charge) may be charged on shares sold redeemed within 1-year of purchase. NAV ( net asset value) performance does not reflect the deduction of the CDSC and if reflected, the fee would reduce the performance quoted.

Notes About Expenses

Effective 5/1/2015, total Growth Portfolio operating expenses, net of fee waivers, reimbursements and acquired fund fees and expenses, are 1.08%, 0.83% and 1.83% for Class A, Institutional Class and Class C, respectively. Total Growth Portfolio operating expenses, gross of any fee waivers or reimbursements, are 3.06%, 2.81% and 3.81% for Class A, Institutional Class and Class C, respectively. The Adviser has agreed contractually to reimburse a portion of each Fund’s expenses until at least December 31, 2016.

Effective 5/1/2015, total Growth and Income Portfolio operating expenses, net of fee waivers, reimbursements and acquired fund fees and expenses, are 1.02%, 0.77% and 1.77% for Class A, Institutional Class and Class C, respectively. Total Growth and Income Portfolio operating expenses, gross of any fee waivers or reimbursements, are 3.42%, 3.18% and 4.18% for Class A, Institutional Class and Class C, respectively. The Adviser has agreed contractually to reimburse a portion of each Fund’s expenses until at least December 31, 2016.

Effective 5/1/2015, total Balanced Portfolio operating expenses, net of fee waivers, reimbursements and acquired fund fees and expenses, are 0.96%, 0.71% and 1.71 % for Class A, Institutional Class and Class C, respectively. Total Balanced Portfolio operating expenses, gross of any fee waivers or reimbursements, are 2.95%, 2.70% and 3.69% for Class A, Institutional Class and Class C, respectively. The Adviser has agreed contractually to reimburse a portion of each Fund’s expenses until at least December 31, 2016.

Effective 5/1/2015, total Income Portfolio operating expenses, net of fee waivers, reimbursements and acquired fund fees and expenses, are 0.92%, 0.67% and 1.67% for Class A, Institutional Class and Class C, respectively. Total Income Portfolio operating expenses, gross of any fee waivers or reimbursements, are 4.66%, 4.41% and 5.41% for Class A, Institutional Class and Class C, respectively. The Adviser has agreed contractually to reimburse a portion of each Fund’s expenses until at least December 31, 2016.