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Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Kanghui Holdings American Depositary Shares (Each Representing Six Ordinary Shares, $0.001 Par Value) | NYSE:KH | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 30.60 | 0.00 | 01:00:00 |
Summary Prospectus
|
RETAIL SHARE CLASS: WTSLX
Before you invest, you may want to review the Funds prospectus, which contains more information about the Fund and its risks. You can find the Funds prospectus and other information about the Fund online at http://www.westcore.com/LiteratureForms/ReportsProspectuses.aspx. You can also get this information at no cost by calling 800.392.CORE (2673), by sending an email request to WestcoreInvest@westcore.com, or by contacting your financial intermediary. The Funds prospectus and statement of additional information, each dated April 30, 2012, along with the Funds most recent annual report dated December 31, 2011, are incorporated by reference into this summary prospectus and may be obtained, free of charge, at the website, phone number or e-mail address noted above.
Investment Objective
Westcore Select Fund (the Fund) seeks to achieve long-term growth of capital through a limited number of investments in primarily medium-sized companies selected for their growth potential.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Retail Class | |||
Shareholder Fees (fees paid directly from your investment) |
|||
Annual Account Maintenance Fee (for Retail Class accounts under $750) | $12.00 | ||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||
Management Fees | 0.65 | % | |
Distribution (12b-1) Fees | None | ||
Other Expenses (2) | 0.36 | % | |
Acquired Fund Fees and Expenses (3) | 0.01 | % | |
Total Annual Fund Operating Expenses | 1.02 | % | |
Fee Waiver and Expense Reimbursement (1) | 0.00 | % | |
Total Annual Fund Operating Expense After Fee Waiver and Expenses Reimbursement (1) | 1.02 | % |
(1) |
Denver Investments (the Adviser) has contractually agreed to waive the investment advisory and/or administration fees and/or to reimburse Fund level other expenses from April 30, 2012 until at least April 30, 2013, so that the ratio of expenses to average net assets as reported in the Funds Financial Highlights will be no more than 1.15% for the Funds Retail Class for such period. |
(2) |
Restated to reflect current fees. |
(3) |
The Funds shareholders indirectly bear the expenses of the other funds in which the Fund invests (Acquired Funds). The operating expenses in this fee table may not correlate to the expense ratio in the Financial Highlights in this Funds prospectus, because the Financial Highlights include only the operating expenses incurred by the Fund, not the indirect costs of investing in the Acquired Funds. |
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Retail Class shares of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Funds total annual operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
One Year | Three Years | Five Years | Ten Years | |
Retail Class |
$104 |
$325 | $563 | $1,247 |
Portfolio Turnover
The 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 costs, which are not reflected in annual fund operating expenses or in the example, affect the Funds performance. During the most recent fiscal year, the Funds portfolio turnover rate was 155% of the average value of its portfolio.
PAGE 1 |
Principal Investment Strategies of the Fund
Principal Risks of Investing in the Fund
PAGE 2 | |
Risk/Return Bar Chart and Table
The following bar chart and table provide an indication of the risk of investing in the Fund by showing changes in the Funds Retail Class performance from year to year and by showing how the Funds average annual returns for one, five and ten years compared with those of an unmanaged index of securities. The Funds past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available on www.westcore.com or call toll-free 800.392.CORE (2673).
Retail Class - Calendar Year Total Returns as of December 31 (%)
Average Annual Total Returns (for the Periods Ended December 31, 2011)
After-tax returns for the Retail Class are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investors tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Westcore Select Fund | 1 Year | 5 Years | 10 Years | |||
Retail Class | ||||||
Return Before Taxes | (10.61 | )% | 4.49 | % | 5.61 | % |
Return After Taxes on Distributions | (10.76 | )% | 3.88 | % | 5.30 | % |
Return After Taxes on Distributions and Sale of Fund Shares | (6.84 | )% | 3.55 | % | 4.76 | % |
Russell Midcap Growth Index (reflects no deduction for | ||||||
fees, expenses, or taxes) | (1.65 | )% | 2.44 | % | 5.28 | % |
PAGE 3 |
Management
Investment Adviser
Denver Investments
Portfolio Managers
Name(s) of Portfolio Manager(s) and Title(s) | Date Began Managing the Fund |
Mitch S. Begun, CFA | |
Partner, Director of Mid-Cap Growth Research Denver Investments; Lead Portfolio Manager of the Fund | April 30, 2010 |
F. Wiley Reed, CFA | |
Partner, Mid-Cap Growth Research Analyst Denver Investments; Lead Portfolio Manager of the Fund | April 30, 2010 |
Adam C. Bliss | |
Partner, Mid-Cap Growth Research Analyst Denver Investments; Portfolio Manager of the Fund | April 30, 2010 |
Brian C. Fitzsimons, CFA | |
Partner, Mid-Cap Growth Research Analyst Denver Investments; Portfolio Manager of the Fund | April 30, 2010 |
Jeffrey J. Loehr, CFA | |
Partner, Mid-Cap Growth Research Analyst Denver Investments; Portfolio Manager of the Fund | April 30, 2010 |
Other Important Information Regarding Fund Shares
Purchase and Sale of Fund Shares
The minimum initial purchase is $2,500 for the Retail Class. The minimum subsequent purchase is $25 for the Retail Class (or $25 per month for automatic investment). You may redeem shares of the Fund on any business day through the Funds website at www.westcore.com, by telephone at 800.392.CORE (2673), by regular mail at Westcore Funds, P.O. Box 44323, Denver, CO 80201-4323, or by a systematic withdrawal plan (must be multiples of $50, and can be accomplished monthly, quarterly, or annually).
Tax Information
The Fund intends to make distributions that will be taxed as ordinary income or capital gains, unless you are investing through a tax-deferred arrangement, such as a 401(k) plan or an individual retirement account. Distributions of the Fund will be subject to federal income tax.
Financial Intermediary Compensation - Payments to Broker Dealers and other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediarys website for more information.
PAGE 4 | |
WC702 |
1 Year China Kanghui Holdings American Depositary Shares (Each Representing Six Ordinary Shares, $0.001 Par Value) Chart |
1 Month China Kanghui Holdings American Depositary Shares (Each Representing Six Ordinary Shares, $0.001 Par Value) Chart |
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