You could lose money by investing in the Daily Income Fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Investments in fixed-income funds are subject to interest rate, credit and inflation risk. Interest rate risk is risk that a change in rates will negatively affect the value of the securities in the Fund’s portfolio. Equity funds, in general, are subject to style risk, the chance that returns on stocks within the style category in which the fund invests will trail returns of stocks representing other styles or the market overall. Share prices of small-capitalization stock funds may be more volatile than those of large-capitalization stock funds. Smaller companies may have limited product lines, markets, financial resources or their management teams may have less depth and expertise compared with large-capitalization companies. International investing involves special risks such as currency fluctuation and political instability. Index funds are subject to tracking risk, the risk that the fund’s return will not closely track the return of the index. The Growth Fund is classified as “non-diversified,” which means that the proportion of the Fund’s assets that may be invested in the securities of a single issuer is not limited, making the Fund more susceptible to volatility stemming from one-time events and to the financial conditions of the issuers in which it invests than a diversified fund.