2 11,455. Century Small Cap Select Instl SMALL-CAP as of 09/30/2015. Investment Objective. Fund Overview. Performance Overview

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1 SMALL-CAP as of 09/30/2015 Investment Objective Century Small Cap Select Fund (CSCS) seeks long-term capital growth. Performance Overview Cumulative % Annualized % Quarter Year Since to Date to Date 1 Year 3 Year 5 Year 10 Year Incep Century Small Cap Select Instl Russell 2000 Gro TR IX Lipper Small-Cap Growth Average Lipper Rank / Count / / / / Calendar Year Performance 12/31/2014 Century Small Cap Select Instl Russell 2000 Gro TR IX Lipper Sm-Cap Growth IX 60% 40% 20% 0% -20% -40% -60% Fund Overview Lipper Classification Small-Cap Growth Funds NASDAQ Ticker CSMCX Inception Date 12/09/1999 Total Fund Assets ($M) Gross Expense Ratio (%) 1.11 Gross Expense Ratio Per $ Net Expense Ratio (%) 1.11 Net Expense Ratio Per $ Expense Waiver Type None Expense Waiver Time Limit None Prospectus Benchmark Russell 2000 Gro TR IX Portfolio Turnover (%) 97 Index Fund No Management Company Century Capital Management LLC 100 Federal Street 29th Floor Boston MA Fund Manager(s) Fund Tenure Alexander L. Thorndike 1999 Kevin W. Callahan 2001 Time Period (Cumulative %) Century Small Cap Select Instl Russell 2000 Gro TR IX Lipper Sm-Cap Growth IX Data is historical. Past performance is not indicative of future results. Investment return and principal value of shares will fluctuate. Upon redemption, shares may be worth more or less than their original cost. The current performance may be lower or higher than the quoted performance. Performance information as of the most recent month-end is available by calling or logging on to your plan s website. You may also call the Fund Management Company at The numerical rank is the numerical position achieved by the Fund within its Lipper classification universe of that existed for that time period. Lipper ranks mutual based on total return performance. Total return performance includes the reinvestment of all income dividends and capital gains distributions. The rankings are subject to change every month. Lipper rankings are not intended to predict future results, and Lipper does not guarantee the accuracy of the information. Asset Allocation (%) 06/30/2015 Equity Cash 4.50 Other assets may contain a combination of derivatives, commodities, and/or collective investments. Lipper Leaders - Overall 09/30/2015 Rating Out of Description Total Return Consistent Return Preservation 2 11,455 Expense Lipper Leader ratings for Total Return reflect historical total return performance relative to peers. Ratings for Total Return are computed for all Lipper classifications with five or more distinct portfolios and span both equity and fixed-income. Lipper Leader ratings for Consistent Return reflect historic returns, adjusted for volatility, relative to peers. Ratings for Consistent Return are computed for all Lipper classifications with five or more distinct portfolios and span both equity and fixed-income. Lipper Leader ratings for Preservation reflect historical loss avoidance relative to other within the same asset class. Scores for Preservation are computed from three broad asset classes; equity, mixed-equity, and fixed-income (bond). Lipper Leader ratings for Expense reflect expense minimization relative to peers with similar load structures. Ratings for Expense are computed for all Lipper classifications with five or more distinct portfolios and span both equity and fixed-income. Highest = = Lowest Please see Additional Disclosure Information page for more information on Lipper Leaders. Page 1

2 Top Holdings 06/30/2015 Top Sector Allocation 1 06/30/2015 Holding Name % TNA Industry Name % TNA State Street US Government Money Market 6.04 Technology Dealertrack Technologies Inc ORD 3.28 Health Care AMN Healthcare Services Inc ORD 3.03 Industrials Eagle Bancorp Inc ORD 2.67 Consumer Services Top Country Allocation 06/30/2015 Country % TNA United States Other 6.04 Israel 2.25 Ireland 1.98 Monaco 0.78 Netherlands 0.37 PharMerica Corp ORD 2.66 AMAG Pharmaceuticals Inc ORD 2.45 Infinera Corp ORD 2.38 VASCO Data Security International Inc ORD 2.35 Proofpoint Inc ORD 2.26 Mellanox Technologies Ltd ORD 2.25 Total Consumer Goods 8.11 Financials 6.30 Oil & Gas 3.72 Basic Materials 3.62 Non Classified Equity Sector weightings are based on ICB Industries. Fund Characteristics 06/30/2015 Number of Holdings 63 Avg Weighted Market Cap ($M) Price to Earnings Ratio Price to Book Ratio 6.21 Return on Equity (%) Risk Statistics - 3 Year Standard Deviation Fund Benchmark Definition Standard deviation is a measure of risk that gauges the variability of actual returns from the expected values and the dispersion of these variations over time. Sharpe Ratio Alpha* Beta* R-Squared* Sharpe ratio is a measure that uses standard deviation and excess return to determine reward per unit of risk. The greater a portfolio s Sharpe ratio, the better its risk-adjusted performance has been. Alpha measures a manager s contribution to performance due to security selection or market timing relative to the index. A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%. Correspondingly, a similar negative alpha would indicate an underperformance of 1%. Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. A beta of 1 indicates that the security s price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security s price will be more volatile than the market. R-squared values range from 0 to 1. An R-squared of 1 means that all movements of a security are completely explained by movements in the index. A low R-squared means you should ignore the beta. *Statistics are measured against the Fund s prospectus benchmark. Before investing, consider the investment options or investment objectives, risks, charges, and expenses. Call or log on to your plan s website for an offering statement or prospectus and, if available, a summary prospectus containing this and other information. Read it carefully. Page 2

3 Additional Disclosure Information Lipper Leaders Overall This fund (in Lipper s Small-Cap Growth Funds classification) received the following ratings for the 3-, 5-, and 10-year periods, respectively (number of rated follows the rating in parentheses). Total Return: 2 (485 ), 3 (428 ), and 2 (305 ). Consistent Return: 2 (484 ), 2 (427 ), and 2 (304 ). Preservation (in Equity Funds asset class): 1 (11,455 ), 2 (9,602 ), and 2 (5,856 ). Expense: 3 (229 ), 3 (191 ), and 3 (115 ). Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. See Disclaimer Page for additional information. Lipper Leaders ratings DO NOT take into account the effects of sales charges. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, and Expense metrics over three-, five-, and ten-year periods (if applicable). The highest 20% of in each peer group are named Lipper Leaders or a 5, the next 20% receive a rating of 4, the middle 20% receive a rating of 3, the next 20% receive a rating of 2, and the lowest 20% receive a rating of 1. For more information on Lipper Leaders, go to Expense Information The Gross Expense Ratio is the fund s total operating expenses taken from the most recent prospectus. This ratio excludes waivers and/or expense reimbursements the Fund Manager might apply. The Net Expense Ratio, also taken from the most recent prospectus, represents the expenses paid with inclusion of waivers and/or expense reimbursements. When waivers and/or expense reimbursements are included, the Fund s expenses will be lowered and performance will be higher for the disclosed expense waiver period. Waiver and/or expense reimbursements can be voluntary or mandated by contract, and can expire either at a specific date, at will, or indefinitely. Funds Closed to New Investors are not required to file a prospectus, thus the prospectus gross and net expense ratios may not be available. In the event that the prospectus expense information is not available the expense ratio reported on the latest audited annual report will be provided. Fees and expenses are only one of many factors to consider when you decide to invest in an option. You may also want to think about whether an investment in a particular option, along with your other investments, will help you achieve your financial goals. Fees and expenses for each investment option include the total annual operating expense (annual gross expense ratio), which reduces the investment s rate of return, along with any associated shareholder-type fees. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the Department of Labor s website at for an example showing the long-term effect of fees and expenses. Average Weighted Market Cap: Measures the average market capitalization of all holdings in a fund with each company weighted according to its percent held in the fund. Price to Earnings Ratio (P/E): A measure of a company s valuation that is calculated by dividing the current market price of a stock by the earnings per share. Price to Book Ratio (P/B): A measure of a company s valuation that is calculated by dividing the current market price of a stock by the latest quarter s book value per share. Return on Equity (ROE): A measure of a company s profitability. ROE represents the average return on equity of the securities in the portfolio. Portfolio Turnover A fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in annual Fund operating expenses or in the example, affect the fund s performance. Top Holdings, Asset Allocation, and Sector Weightings Data is based on information collected from the investment company, is updated as of the date shown in the section s title, and will vary over time. Asset Allocation may equal less than or greater than 100% due to hedged or leveraged cash positions by the fund. Lipper Index Measures the unweighted average total return performance of either the ten or thirty largest share classes (as available) of for a Lipper Classification. The full list of Lipper Index components is available directly from Lipper. Lipper Indices are unmanaged. It is not possible to invest in a Lipper Index. Lipper Average Measures the simple arithmetic average across all within the fund s Lipper classificatoin. Lipper averages are unmanaged. It is not possible to invest in a Lipper Average. Prospectus Benchmark An index assigned to the Fund by the portfolio s manager to show how the Fund s total return compares with those of an index measure of market performance. It is not possible to invest in an index. The Russell 2000 Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It is a subset of the Russell 3000 Index and includes securities based on a combination of market capitalization and growth variables, including the I/B/E/S forecast medium-term growth rate (2 yr), and the sales per share historical growth rate (5 yr). An investor cannot invest directly in an index. Lipper, a Thomson Reuters Company. Copyright 2015 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper Fund Fact Sheets Service. Page 3

4 Supplemental Information Principal Investment Strategies Principal Investment Strategies Normally the Fund invests at least 80% of its net assets in the common stocks of small cap companies (normally, those companies with market capitalizations not exceeding the highest market capitalization in the Russell 2000 Index during the preceding 12 months). As of January 31, 2015, companies in the Index had market capitalizations ranging from $16 million to $10.6 billion. The Fund concentrates its investments in the financial services and health care group of industries, which means that at least 25% of the Fund s assets (in the aggregate) are invested in financial services and health care companies. The Fund may invest in foreign securities, including emerging markets, without limit, but such investments are not expected to exceed 20% of the Fund s total assets and typically are limited to the equity securities of companies incorporated outside of the U.S. that are traded on U.S. exchanges and American Depositary Receipts (ADRs). In selecting investments for the Fund s portfolio, the Adviser uses fundamental research to evaluate each company, focusing on the company s earnings growth, return on equity, margin stability, and capital management. These and other factors are then weighed against valuation. A stock may be sold, among other reasons, if it has reached a price target, the issuer s fundamental outlook has changed, or a better investment opportunity is available. Principal Investment Risk It is important to understand that you could lose money by investing in the Fund. The following is a summary of the principal risks of investing in the Fund: Stock Market Risk, which is the risk that stock prices will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. Movements in the stock markets may adversely affect a stock s price, regardless of how well a company performs. Market Capitalization Risk, which is the risk that the value of the securities of smaller, less well known companies may perform differently from the market as a whole. Historically, small-cap stocks have been more volatile in price than the large-cap stocks that dominate the overall market. Small-cap companies may have limited product lines, financial and management resources or market and distribution channels. In addition, their shares can be less liquid than those of larger companies, especially during market declines. For purposes of the Fund s investment policies, the market capitalization of a company is based on its market capitalization at the time the Fund purchases the company s securities. Market capitalizations of companies change over time. Concentration Risk, which is the risk that companies within the same industry may decline in value due to issues that affect the entire industry. To the extent that the Fund concentrates its investments in the financial services and health care group of industries, there is a risk that economic conditions or other developments that affect companies in either or both industries will have a significant impact on the Fund s performance. Growth Securities Risk, which is the risk that the price of a growth security may be impacted if the company does not realize its anticipated potential or if there is a shift in the market to favor other types of securities. The stocks of growth companies can be more sensitive to company earnings and more volatile than the market in general. Foreign Securities Risk, Page 4

5 Supplemental Information which is the risk that the value of foreign securities may decline in response to changes in currency exchange rates, unfavorable political developments, sanctions, embargoes or economic and financial instability in a particular country. Foreign securities markets generally have less trading volume and liquidity than U.S. markets, and prices on some foreign markets can be highly volatile. Other risks arise from different accounting, financial reporting and legal standards, as well as higher transaction costs. The securities markets of emerging market countries generally are smaller, less liquid and more volatile than markets in developed countries. The risks described above apply to a greater extent to investments in emerging markets. Security Selection Risk, which is the risk that poor stock selection will cause the Fund to underperform its benchmark or other with similar investment objectives. Active Trading Risk, which is the risk that active trading could raise transaction costs (thus lowering return). In addition, active trading could result in increased taxable distributions to shareholders and distributions that will be taxable to shareholders at higher federal income tax rates. Redemption Risk, which is the risk that the Fund could experience losses as a result of one or more shareholder redemptions. If the Fund is forced to sell assets at inopportune times to meet redemption requests, assets could be sold at a loss or depressed value. In that event, the value of your investment would go down. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Page 5

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