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Eagle Mid Cap Stock Fund 
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Affiliated Managed Account
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Mid-sized companies are often more stable than start-up companies and could provide suitable investors with less market risk while seeking growth potential. Companies in this market cap arena may be small enough to be unnoticed by analysts and business editors, yet large enough to have the critical mass to continue gaining market share.
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The portfolio manager seeks long-term capital appreciation by investing principally in the equity securities of companies with capitalizations of $500 million to $15 billion.
Management strongly believes in buying firms that possess sustainable advantages at a price that is attractive relative to future cash flows.
Management seeks companies with sustainable advantages, specifically:
- "Market power" firms that often have stable recurring revenue and income streams
- Profitable companies generating cash so that growth can be self-financed
- Firms in which earnings growth and profits revert to the mean unless a barrier to entry exists
- Management emphasizes the importance of diversification in developing and maintaining the fund's portfolio
Investing in mid-cap stocks may involve greater risks than investing in larger, more established companies, including the risk of more volatile trading than with large-cap stocks.
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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 3-star rating out of 727 and 631 funds for the 3- and 5-year periods respectively and a 5-star rating out of 338 funds for the 10-year period. 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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