The RS MidCap Opportunities Fund seeks to achieve long-term capital growth by investing principally in mid-cap companies. Our flexible, bottom-up approach is based on value recognition and trend analysis. We look for well-managed companies with improving fundamentals that may be positioned for growth. Our formula for long-term success also includes a disciplined approach to managing risk: Losses are minimized quickly, and we constantly look for attractive opportunities.
| |
First
Quarter
2008 |
1 Year |
3 Year |
5 Year |
10 Year |
Since
Inception
7/12/95 |
RS MidCap Opportunities Fund, Class A
without sales charge |
-15.88% |
-5.34% |
6.94% |
14.26% |
6.21% |
10.33% |
| with maximum sales charge |
-19.89% |
-9.85% |
5.22% |
13.15% |
5.70% |
9.91% |
| Russell Midcap® Growth Index* |
-10.95% |
-4.55% |
7.77% |
15.20% |
5.15% |
8.59% |
| S&P 500® Index** |
-9.45% |
-5.08% |
5.85% |
11.32% |
3.50% |
8.81% |
Performance quoted represents past performance and does not guarantee future results. 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. The Fund's total gross annual operating expense ratio as of the most current prospectus is as follows: Class A 1.33%, Class C 2.12%, Class K 1.82%, and Class Y 1.09%. Class A performance quoted "with maximum sales charge" 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. Certain share classes are subject to lower maximum sales charges whether paid at the time of purchase or deferred. The Class C share performance quoted "with sales charge" takes into account the applicable contingent deferred sales charge (up to 1% for class C shares). There are no sales charges for Class K and Class Y shares. Any sales charges are in addition to the Fund's fees and expenses as detailed in the Fund's most current prospectus. 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. Current and month-end performance information, which may be lower or higher than that cited, is available by contacting RS Investments at 1-800-766-FUND and is frequently updated on our Web site: www.RSinvestments.com.
