Quarter-end Performance > Distribution History > Performance Month End (as of 04/30/2008)   Average Annual Returns   1 Month YTD 1YR 3YR 5YR Since Inception Gross/Net Expenses(%) Sierra Club Stock Fund - Investor*   (10/01/1998) 4.42 -6.51 -12.29 4.25 7.72 3.72 1.60/1.60 S&P 500 Index 4.87 -5.03 -4.68 8.22 10.61 4.96   Over / Under Index -0.45 -1.48 -7.61 -3.97 -2.89 -1.24                                     Average Annual Returns   1 Month YTD 1YR 3YR 5YR Since Inception Gross/Net Expenses(%) Sierra Club Stock Fund - Class A*   (05/02/2005)             1.54/1.54 Class A at NAV 4.42 -6.51 -12.31 -- -- 4.00   Class A at MOP -1.58 -11.87 -17.37 -- -- 1.96   S&P 500 Index 4.87 -5.03 -4.68 -- -- 8.23

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The Sierra Club Stock Fund is professionally managed under the supervision of Forward Management, the independent Investment Advisor. The fund may choose not to purchase or retain investments that may be profitable if the companies being considered are in conflict with the established environmental and social guidelines of the Sierra Club. Sierra Club Stock Fund is distributed by ALPS Distributors, Inc. We respect your privacy. Sierra Club® is a registered trademark of the Sierra Club.