WCBO West Coast Bancorp (MM)

(each, a “Fund” and collectively, the “Funds”)

Supplement dated March 8, 2013 to the Summary Prospectuses of each Fund

Effective on or about the close of business on June 10, 2013, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders.

Shareholders should retain this Supplement for future reference.

SPRO12-0313SUP

West Coast Bancorp (MM) (NASDAQ:WCBO)
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West Coast Bancorp (MM) (NASDAQ:WCBO)
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