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Eagle Mid Cap Growth Fund 
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Affiliated Managed Account
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The fund seeks to invest in companies with above-average growth potential, both emerging and more established companies, that may be undiscovered or undervalued in the market.
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The fund's portfolio manager goes to great lengths to uncover information about the companies he selects. Before investing in companies for the portfolio, management and/or research analysts frequently:
- Meet the company's management, evaluate their roles and capabilities, review the company's policies and procedures and consider other factors that may affect its success
- Look for companies with a positive catalyst for growth, such as a new product, acquisition, divestiture, restructuring or change in the marketplace
The fund is not limited to investing in companies in specific sectors, industries or of a specific market capitalization. However, management favors investments in companies whose market capitalization is between $1 billion and $16 billion.
Growth companies are expected to increase their earnings at a certain rate. When these expectations are not met, investors may punish the stocks excessively, even if earnings showed an absolute increase. Growth company stocks also typically lack the dividend yield that can cushion stock prices in market downturns. Investing in small- and mid-cap stocks may involve greater risks than investing in larger, more established companies. These companies often have narrow markets and more limited managerial and financial resources. The companies engaged in the technology industry are subject to fierce competition and their products and services may be subject to rapid obsolescence. The values of these companies tend to fluctuate sharply.
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*For the overall period ended Dec. 31, 2009, the Fund's Class A shares were rated 4 stars. This proprietary rating by Morningstar, Inc. reflects risk-adjusted performance among a total of 727 mid-cap growth category funds. Class A shares of the fund also received a 4-star rating out of 727, 631 and 338 funds for the 3-, 5- and 10-year periods. These ratings are subject to change every month.
2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;
(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Funds with at least three years of performance history are assigned ratings from the fund's three-, five- and 10-year average annual returns (when available) and a risk factor that reflects fund performance relative to three-month Treasury bill monthly returns. Funds’ returns are adjusted for fees and sales loads. Ten percent of the funds in an investment category receive five stars, 22.5% receive four stars, 35% receive three stars, 22.5% receive two stars and the bottom 10% receive one star. Investment return and principal value will vary so that investors have a gain or loss when shares are sold. Funds are rated for up to three time periods (three-, five-, and 10-years) and these ratings are combined to produce an overall rating. Ratings may vary among share classes and are based on past performance. Past performance does not guarantee future results.
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