Funds that have merged or liquidated this year display, on average, the 
following characteristics:

                 ASSET        ASSET                 3-YEAR RANK  AVERAGE
                 SIZE      CHANGE OVER     AGE      VS. PEERS    EXPENSE
               (MILLIONS)    12 MOS.    (IN YEARS) (100=LOWEST)  RATIO
MERGED FUNDS      $78.1      -12.5%        7.3         66.7      1.46%
LIQUIDATED FUNDS  $12.7      -29.4%        5.2         65.4      1.70%


DATA: MORNINGSTAR