International Small Cap This product draws almost all of its holdings from small cap companies outside the U.S., with "small cap" defined as companies with market capitalization in the bottom 25% of the publicly traded companies in each country where the strategy is applied. This approach   results in an average portfolio market capitalization of less than $3 billion. Index comparisons for this product include the S&P/Citigroup Extended Market Index (EMI) and the Europe Pacific Asia Composite (EPAC), commonly referred to as the "EMI EPAC Index". International Small Cap Performance Select Other Products U.S. All Cap Value U.S. Value U.S. Small Cap Value U.S. SMID Cap Value U.S. Choice International Small Cap Value Global Small Cap Global Choice Global Equity Shareholder Yield Global Absolute Return Epoch Mutual Funds As of June 30, 2008 YTD 1 Year 3 Years Since Inception Inception Date1   01/31/05   Epoch Gross Return -10.3% -8.8% 20.0% 18.8% Epoch Net Return -10.7% -9.8% 18.7% 17.5% S&P/Citigroup EMI EPAC Index -10.4% -15.4% 13.6% 12.4% MSCI EAFE Small Cap (Net) -10.5% -18.6% 9.4% 9.0%   Risk Statistics Since Inception (January 31, 2005 - June 30, 2008)2 Annual Standard Deviation Sharpe Ratio Information Ratio Alpha Beta R-Squared Epoch 15.1 1.0 Epoch vs. S&P/Citigroup EMI EPAC Index 13.4 0.6 S&P/Citigroup EMI EPAC Index 1.5 4.8 1.1 0.9 MSCI EAFE Small Cap (Net) 14.0 0.4 MSCI EAFE Small Cap (Net) 2.1 9.0 1.0 0.9

Click here for Schedule of Fees. 1See End Notes (Download Adobe Acrobat Here) for further information and composite performance disclosure. 2The risk statistics are shown as supplemental information only and complement the Composite presentation which is located within the Performance Disclosure section of the End Notes. Additional information regarding policies for calculating and reporting returns is available upon request. Past performance is no guarantee of future results. © 2008 Epoch Investment Partners, Inc.