Performance

Investments in mutual funds involve risk. Please scroll down to the Risk Considerations section to review information on risks.

Most Recently Available Net Asset Value

	NAV	Change
Montgomery Street Income Securities	17.46	0.00

Past results are not necessarily indicative of future performance of the fund. Investment return and principal value will fluctuate, therefore current performance may be lower or higher than the figures shown.

Market Price

Total investment returns reflect changes in market price during each period and assume that dividends and capital gain distributions, if any, were reinvested.

Net Asset Value

Total investment returns reflect changes in net asset value during each period and assume that dividends and capital gain distributions, if any, were reinvested.

Annualized Total Returns	As of 1/31/2012
	1 Year	3 Year	5 Year	10 Year
Market Prices	+6.12%	+8.21%	+3.80%	+4.27%
Net Asset Value	+6.18%	+9.93%	+4.21%	+5.39%

Calendar Year Total Returns	As of 1/31/2012
	2012 YTD	2011	2010	2009	2008	2007
Market Price	+2.40	+2.28%	+12.50%	+12.04%	-7.94%	-0.23%
Net Asset Value	+2.22	+4.54%	+9.12%	+14.47%	-10.04%	+2.68%

* Total Return would have been lower had certain expenses not been reduced.

Risk Considerations

The Fund invests in individual bonds whose yields and value fluctuate so that your investment may be worth more or less than its original cost. Bond investments are subject to interest rate risk such that when interest rates rise, the price of the bonds, and thus the value of the Fund, can decline and the investor can lose principal value. The Fund's investments are also subject to credit risk and liquidity risk. Additionally, investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes, and market risks. All of these factors may result in greater share price volatility.

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

Fund specific data and performance are provided for informational purposes only and are not intended for trading purposes.