• Historical
  • Long Term
  • *As of Latest:
  • Month-End
  • Quarter-End
Average Annual Total Returns
Month-End Performance as of 1/31/12
  YTD 1 Year 3 Year 5 Year 10 Year Since Inception 6/1/72
RS Large Cap Alpha Fund, Class AWithout Sales LoadWith Maximum Sales Load 4.29%
-0.67%
-5.19%
-9.68%
13.63%
11.79%
1.85%
0.86%
3.32%
2.82%
11.47%
11.33%
Russell 1000® Value Index1 3.78% 1.88% 17.63% -2.16% 4.36% N/A
S&P 500® Index2 4.48% 4.22% 19.24% 0.33% 3.52% 9.81%
Average Annual Total Returns
Quarter-End Performance as of 12/31/11
  YTD 1 Year 3 Year 5 Year 10 Year Since Inception 6/1/72
RS Large Cap Alpha Fund, Class AWithout Sales LoadWith Maximum Sales Load -8.92%
-13.24%
-8.92%
-13.24%
9.89%
8.12%
1.49%
0.51%
2.74%
2.24%
11.37%
11.24%
Russell 1000® Value Index1 0.39% 0.39% 11.55% -2.64% 3.89% N/A
S&P 500® Index2 2.11% 2.11% 14.11% -0.25% 2.92% 9.71%
Historical Performance
(Performance shown at Net Asset Value (NAV) and does not include the effects of any sales charge that may apply)
Fund Inception: 6/1/72
*Since Data Inception 1/31/96

  Q1 Q2 Q3 Q4 Calendar Year
1996 5.18%* 5.26% 4.06% 9.78% 26.49%*
1997 1.00% 17.22% 11.12% 2.50% 34.85%
1998 10.73% 2.76% -12.77% 22.20% 21.30%
1999 2.27% 5.71% -3.67% 25.06% 30.25%
2000 10.28% -6.71% -0.78% -20.28% -18.62%
2001 -20.50% 7.53% -15.85% 8.77% -21.75%
2002 0.94% -13.75% -15.05% 6.06% -21.56%
2003 -4.27% 13.25% 1.11% 10.34% 20.95%
2004 0.63% 0.09% -2.92% 8.04% 5.64%
2005 -3.19% 0.57% 3.74% 2.87% 3.90%
2006 3.84% -1.75% 8.53% 5.54% 16.87%
2007 3.66% 10.17% 0.09% 0.41% 14.78%
2008 -6.05% 1.56% -10.59%  -17.10%  -29.28%
2009 -8.25%  12.40%  17.47%   3.10%   24.89%
2010 6.83%  -10.51%  8.16%  12.79%   16.63%
2011 3.55%  -1.70%  -20.78%   12.95%   -8.92%
Performance quoted represents past performance and does not guarantee future results. The Fund is the successor to The Guardian Park Avenue Fund; performance shown includes performance of the predecessor fund for periods prior to October 9, 2006. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than their original cost. Please keep in mind that any high double-digit returns are highly unusual and cannot be sustained. As of the most current prospectus, the Fund's total gross annual operating expense ratio for the Class A shares is 0.96%. Class A performance quoted "with maximum sales load" reflects the current maximum sales charge of 4.75%. Please read the prospectus carefully for more information on sales charges as they do not apply in all cases and if applied are reduced for larger purchases. Any sales charges are in addition to the Fund's fees and expenses as detailed in the Fund's most current prospectus. The performance quoted at NAV or "without sales load" does not reflect any sales charge. If a sales charge were included, the performance stated above would be lower. Current and month-end performance information, which may be lower or higher than that cited, is available by contacting RS Investments at 800-766-3863 and is frequently updated on our web site.

Fees and expenses are factored into the net asset value of your shares and any performance numbers we release. Total return figures reflect an expense limitation in effect during the periods shown; without such limitation, the performance shown would have been lower. Performance results assume the reinvestment of dividends and capital gains. The return figures shown do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares.

1 The Russell 1000® Value Index measures the performance of the broad value segment of the U.S. equity value universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. Index results assume the reinvestment of dividends paid on the stocks constituting the index. Unlike the Fund, the index does not incur fees or expenses.

2 The S&P 500® Index is an unmanaged market-capitalization-weighted index generally considered to be representative of U.S. equity market activity. The index consists of 500 stocks representing leading industries of the U.S. economy. Index results assume the reinvestment of dividends paid on the stocks constituting the index. You may not invest in the index, and, unlike the Fund, the index does not incur fees or expenses.

3 ©2011 REUTERS Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. Lipper clients manage more than 95% of U.S. fund assets. The firm, founded in 1973 and headquartered in New York, tracks 125,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia. Read the following Restrictions: Information on this page has been sourced from Lipper, a Reuters Company ("Lipper Content"). All such information is protected by copyright: ©2011 REUTERS. All rights reserved. Any copying, republication or redistribution of Lipper Content is expressly prohibited without the prior written consent of Lipper. Lipper and its parent and affiliated companies will not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. LIPPER and the LIPPER Corporate Marks are proprietary trademarks of Lipper, a Reuters Company. For additional information on the other Lipper Services, please visit the Lipper Web site at www.lipperweb.com.
 
The RS Large Cap Alpha Fund has been recognized by Lipper, as "the Best Large-Cap Core Fund over Five Years." The Award is based on the Fund's risk-adjusted performance for the five and December 31, 2010.
 
The Lipper Fund Awards winners are selected using the Lipper Leader rating for consistent returns for funds with at least 36 months of performance history as of the end of the evaluation year. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Lipper ratings for Consistent Return reflect funds' historical risk-adjusted returns, adjusted for volatility, relative to peers. The ratings are subject to change every month, and are based on an equal-weighted average of percentile ranks for the Consistent Return metric over 3-, 5-, and 10-year periods (if applicable). The awards incorporate risk-adjusted performance data as of the previous December 31. A high Lipper rating does not necessarily imply that a fund had the best total performance or that the fund achieved positive results for that period. Lipper Inc. is a major independent mutual fund tracking organization.

RS Large Cap Alpha Fund Recognized by Lipper as "Best Fund in the Large-Cap Core Fund Category for the 5-Year Period" 3

You should read the current RS Funds' Prospectus before investing. The RS Funds' Statement of Additional Information (SAI)  provides information about the Funds that may not be contained in the Prospectus.

RS Funds are sold by Prospectus only. You should carefully consider the investment objectives, risks, charges, and expenses of the RS Funds before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a printed copy, please call 800-766-3863.

If you are an existing shareholder and would like a copy of the prospectus or need to contact RS Investments, call 800-766-3863. If you are interested in learning more about and how to invest with RS, please contact your financial professional.

The information on this web site is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

RS Funds are distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.

RS is an independent subsidiary of Guardian Investor Services LLC. Guardian Investor Services LLC (GIS), is a registered broker-dealer, registered investment advisor, and a wholly owned subsidiary of The Guardian Life Insurance Company of America.

Not A Deposit / Not FDIC or NCUA Insured / May Lose Value / No Bank or Credit Union Guarantee

GIS is a member: FINRA and SIPC.

© 2012 RS Investment Management Co. LLC
RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.