Class A Shares (as of 6/30/2012)
1 Class A shares (load waived) rated 4, 3, and 3 stars and (with load) rated 3, 3, and 2 stars for the three-, five-, and 10-year periods ended 6/30/12 among 322, 257, and 145 foreign large value funds, respectively.
Past performance is not a guarantee of future results. Morningstar proprietary ratings reflect historical risk-adjusted performance as of 6/30/12. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Morningstar load-waived ratings do not take into account Class A sales charges. Class A shares without a sales charge (load) are not available to all investors.
The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.