Long-term capital appreciation.
|AUM (as of 12/31/12)||$23,765,430|
|Minimum Investment in IRA||$1,000|
|Minimum Subsequent Investment||$100|
|Maximum Sales Load||4.75%|
|Distribution (12b-1) Fees*||0.25%|
|Total Annual Fund Operating Expenses*1||2.27%|
|Fee Waiver/Expense Reimbursement*1||-0.52%|
|Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement*1||1.75%|
|* As reported in the May 1, 2012 Prospectus.|
1 An expense limitation with respect to the Fund's Total Annual Fund Operating Expenses is imposed pursuant to a written agreement to limit the Total Annual Fund Operating Expenses (excluding expenses indirectly incurred by the Fund through investments in pooled investment vehicles, interest, taxes, investment-related expenses (e.g., brokerage commissions), and extraordinary expenses) for Class A shares to 1.75% and to limit the Total Annual Fund Operating Expenses of each of the other classes of the Fund so that each of those classes benefits from a level of reimbursement (as expressed in basis points) that is the same as the level of reimbursement for Class A shares during the period. This expense limitation will continue through April 30, 2013, and cannot be terminated by RS Investments prior to that date.