Investment Objective:

The investment objective of the Global Fixed Income Class of Shares is to seek maximum total return, measured in Dollars, consistent with preservation of capital principally through investment in high quality debt obligations of issuers throughout the world. Investments will include short and long term debt securities of, or guaranteed by, governments, governmental agencies, other governmental entities and supranational entities as well as high quality, publicly traded debt securities of major corporations. Total return is expected to result from a combination of current income, capital appreciation and currency management although the primary investment policy is directed at investing in those countries where there is potential for capital appreciation due to anomalies in yield curves and/or declines in interest rates.