Performance

Pre-Tax	Recent Investment Returns As of date: 6/30/2010		Average Annual Total Returns As of date: 6/30/2010
Fund	Last 3 months	Year to date	1 year	3 year	5 year	10 year	Life
AARP Aggressive Fund	-8.77%	-4.99%	12.99%	-5.32%	N/A	N/A	0.49%
Inception Date: 12/30/05
AARP Moderate Fund	-5.08%	-1.95%	11.80%	-0.91%	N/A	N/A	2.52%
Inception Date: 12/30/05
AARP Conservative Fund	-1.29%	1.35%	10.60%	3.35%	N/A	N/A	4.34%
Inception Date: 12/30/05
AARP Income Fund	3.21%	4.92%	8.95%	7.04%	N/A	N/A	6.09%
Inception Date: 09/29/06

	7-day yield*	7-day effective yield†	30-day yield §
AARP Money Market Fund	0.09%	0.09%	N/A
Inception Date: 06/30/06
AARP Income Fund	N/A	N/A	3.61%
Inception Date: 09/29/06

Post-Tax	Recent Investment Returns As of date: 6/30/2010		Average Annual Total Returns As of date: 6/30/2010
Fund	Last 3 months	Year to date	1 year	3 year	5 year	10 year	Life
AARP Aggressive Fund	-9.11%	-5.34%	12.38%	-5.95%	N/A	N/A	-0.09%
Inception Date: 12/30/05
AARP Moderate Fund	-5.50%	-2.39%	10.96%	-1.83%	N/A	N/A	1.64%
Inception Date: 12/30/05
AARP Conservative Fund	-1.55%	0.85%	9.52%	2.13%	N/A	N/A	3.11%
Inception Date: 12/30/05
AARP Income Fund	2.90%	4.28%	7.50%	5.45%	N/A	N/A	4.48%
Inception Date: 09/29/06

	7-day yield*	7-day effective yield†	30-day yield §
AARP Money Market Fund	0.09%	0.09%	N/A
Inception Date: 06/30/06
AARP Income Fund	N/A	N/A	3.61%
Inception Date: 09/29/06

^† The fund's 7 day effective yield is a hypothetical figure that estimates what the yield would be if dividends were reinvested at the current 7-day rate.

* The fund's 7 day yield is based on a 30 basis point contractual expense cap that is currently in effect through November 1, 2010. Without the expense cap, the 7 day yield would be -0.80% which reflects a gross expense ratio of 1.19%. Yield and return will vary.

Fees

Total annual fund operating fees and expenses for the AARP Funds are 1.74% for the Aggressive Fund, 1.20% for the Moderate Fund, 1.66% for the Conservative Fund, 2.15% for the Income Fund and 0.85% for the Money Market Fund. Net annual fund operating fees and expenses (after waivers and/or reimbursements) are 0.30% for the AARP Money Market Fund and 0.50% for the other AARP Funds. The Money Market Fund's yield is based on a 30 basis point contractual expense cap that is currently in effect through November 1, 2010.

AARP Financial has agreed contractually to waive fees and/or reimburse expenses to keep the Net Annual Fund Operating Expenses of the Aggressive, Moderate, Conservative, and Income Funds, including Acquired Fund Fees and Expenses at 0.50% of average daily net assets through November 1, 2010. AARP Financial has agreed contractually to waive fees and/or reimburse expenses to keep the Net Annual Fund Operating Expenses of the Money Market Fund (including the expenses of the Underlying Money Market Fund) at 0.30% of average daily net assets through November 1, 2010. The contractual waivers and expense reimbursements may be changed or eliminated at any time with the consent of the Board of Trustees.

Learn more about the fund's fees and expenses.

Includes reinvested dividends and capital gains.

Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns of the AARP Funds will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Call 1-800-958-6457 or visit www.aarpfinancial.com for current month-end performance.

When investing in bonds, you are subject, but not limited to, the same interest rate, inflation, and credit risk associated with the underlying bonds owned by the Fund. The Income Fund's prospectus allows for investment in non-investment grade securities.

All investments involve some risk, including the AARP Funds. Each of the three funds, AARP Conservative Fund, AARP Moderate Fund, and AARP Aggressive Fund, invest in a mix of domestic and international stocks and U.S. bonds.

An investment in the AARP Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

The mutual funds described in this site are sold only to U.S. residents.

An Investment in the Funds involves risk, including possible loss of principal. Please consider the investment objectives, risks, charges and expenses of the AARP Funds carefully before investing. The prospectus contains this and other important information about the Funds. To get a prospectus containing this and other information, click here (PDF) or call 1-866-218-6142. Read it carefully before you invest.

While AARP has licensed the use of its name to AARP Funds and endorses the services provided by AARP Financial Inc., AARP does not offer financial products or services itself and cannot recommend that you or any specific individual should purchase any particular product or service. AARP Financial Inc. is an investment adviser and a subsidiary of AARP.

The Financial Advisors are registered representatives of ALPS Distributors, Inc., a registered broker-dealer, and as investment adviser representatives of AARP Financial Inc., an investment adviser. AARP Financial Inc. offers investment advisory services and is not affiliated with ALPS Distributors, Inc.

AARP Funds are distributed by ALPS Distributors, Inc.

AARP Funds Privacy Policy Notice

Performance

Pre-Tax

Post-Tax

Fees