0001006783
2014-03-25
2014-03-25
0001006783
ck0001006783:S000006692Member
2014-03-25
2014-03-25
0001006783
ck0001006783:S000006692Member
ck0001006783:C000018219Member
2014-03-25
2014-03-25
0001006783
ck0001006783:S000006692Member
ck0001006783:C000074176Member
2014-03-25
2014-03-25
0001006783
ck0001006783:S000025553Member
2014-03-25
2014-03-25
0001006783
ck0001006783:S000025553Member
ck0001006783:C000076518Member
2014-03-25
2014-03-25
0001006783
ck0001006783:S000025553Member
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2014-03-25
2014-03-25
TURNER FUNDS
497
false
0001006783
2014-03-25
2014-03-25
2014-03-25
2014-01-31
Turner Emerging Growth Fund
TMCGX
TMCOX
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"> <font style="font-size: small; font-family: Times New Roman;">TURNER FUNDS</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">TURNER EMERGING GROWTH FUND</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">TURNER SPECTRUM FUND</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">Investor Class</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">Institutional Class</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">Supplement dated March 25, 2014</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">to the Prospectus dated January 31, 2014</font> </p> <br/><p style="margin:0in 0in .0001pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS.  THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS.</font> </p> <br/><p style="margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The following changes are made to the Prospectus, effective April 21, 2014:</font> </p>
<p style="font-family: Times New Roman;margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">4.</font><font size="1" style="font-size:3.0pt;">                        </font> <font size="2" style="font-size:10.0pt;">The second paragraph under “Principal Strategy” on page 10 is deleted and replaced with the following:</font> </p> <br/><p style="margin:0in 0in .0001pt 27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The Fund invests its assets using the following five Investment Strategies:  (1) Global Consumer; (2) Global Financial Services; (3) Global Medical Sciences; (4) Titan; and (5) Global Resources and Infrastructure.  Although the weightings of each Investment Strategy will vary, it is the Adviser’s current intention to attempt to rebalance its investment portfolio annually as of each December 31st to allocate approximately 20.0% of its assets to each Investment Strategy.</font> </p> <br/><p style="font-family: Times New Roman;margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">5.</font><font size="1" style="font-size:3.0pt;">                        </font> <font size="2" style="font-size:10.0pt;">The eighth paragraph under “Principal Strategy on page 10 is deleted in its entirety.</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE</font> </p>
Turner Spectrum Fund
TSPEX
TSPCX
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">TURNER FUNDS</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">TURNER EMERGING GROWTH FUND</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">TURNER SPECTRUM FUND</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">Investor Class</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">Institutional Class</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">Supplement dated March 25, 2014</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">to the Prospectus dated January 31, 2014</font> </p> <br/><p style="margin:0in 0in .0001pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS.  THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS.</font> </p> <br/><p style="margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The following changes are made to the Prospectus, effective April 21, 2014:</font> </p>
<p style="font-family: Times New Roman;margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">4.</font><font size="1" style="font-size:3.0pt;">                        </font> <font size="2" style="font-size:10.0pt;">The second paragraph under “Principal Strategy” on page 10 is deleted and replaced with the following:</font> </p> <br/><p style="margin:0in 0in .0001pt 27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The Fund invests its assets using the following five Investment Strategies:  (1) Global Consumer; (2) Global Financial Services; (3) Global Medical Sciences; (4) Titan; and (5) Global Resources and Infrastructure.  Although the weightings of each Investment Strategy will vary, it is the Adviser’s current intention to attempt to rebalance its investment portfolio annually as of each December 31st to allocate approximately 20.0% of its assets to each Investment Strategy.</font> </p> <br/><p style="font-family: Times New Roman;margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">5.</font><font size="1" style="font-size:3.0pt;">                        </font> <font size="2" style="font-size:10.0pt;">The eighth paragraph under “Principal Strategy on page 10 is deleted in its entirety.</font> </p> <br/><p style="font-family: Times New Roman;margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">8.</font><font size="1" style="font-size:3.0pt;">                        </font> <font size="2" style="font-size:10.0pt;">The second paragraph under “TURNER SPECTRUM FUND:  Fund Strategy” on page 39 is deleted and replaced with the following:</font> </p> <br/><p style="margin:0in 0in .0001pt 27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The Fund invests its assets utilizing the following five Investment Strategies: (1) Global Consumer; (2) Global Financial Services; (3) Global Medical Sciences; (4) Titan; and (5) Global Resources and Infrastructure. The Adviser may add, remove or change an Investment Strategy at any time in its sole discretion. The Fund is not required to maintain allocations to each Investment Strategy in any proportion and the relative allocations will vary based upon the performance of each Investment Strategy or due to other circumstances including, without limitation, capacity and liquidity restraints. Cash flows due to investments and redemptions may be allocated among the Investment Strategies in any manner, as determined by the Adviser in its sole discretion. Although the weightings of each Investment Strategy will vary, it is the Adviser’s current intention to attempt to rebalance its investment portfolio annually as of each December 31st to approximately the following equal weightings:</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:.75in;width:76.66%;" width="76%"> <tr> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:79.12%; background-color: #CCEEFF;" valign="top" width="79%"> <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Turner Global Consumer Strategy</font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:3.26%; background-color: #CCEEFF;" valign="bottom" width="3%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:1.0pt;font-style:italic; font-family: Times New Roman;"> </font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:15.62%; background-color: #CCEEFF;" valign="bottom" width="15%"> <p align="right" style="margin:0in 0in .0001pt;text-align:right;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">20.0</font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:2.0%; background-color: #CCEEFF;" valign="bottom" width="2%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">%</font></i> </p> </td> </tr> <tr> <td style="padding:0in 0in 0in 0in;width:79.12%;" valign="top" width="79%"> <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Turner Global Financial Services Strategy</font></i> </p> </td> <td style="padding:0in 0in 0in 0in;width:3.26%;" valign="bottom" width="3%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:1.0pt;font-style:italic; font-family: Times New Roman;"> </font></i> </p> </td> <td style="padding:0in 0in 0in 0in;width:15.62%;" valign="bottom" width="15%"> <p align="right" style="margin:0in 0in .0001pt;text-align:right;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">20.0</font></i> </p> </td> <td style="padding:0in 0in 0in 0in;width:2.0%;" valign="bottom" width="2%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">%</font></i> </p> </td> </tr> <tr> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:79.12%; background-color: #CCEEFF;" valign="top" width="79%"> <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Turner Global Medical Sciences Strategy</font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:3.26%; background-color: #CCEEFF;" valign="bottom" width="3%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:1.0pt;font-style:italic; font-family: Times New Roman;"> </font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:15.62%; background-color: #CCEEFF;" valign="bottom" width="15%"> <p align="right" style="margin:0in 0in .0001pt;text-align:right;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">20.0</font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:2.0%; background-color: #CCEEFF;" valign="bottom" width="2%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">%</font></i> </p> </td> </tr> <tr> <td style="padding:0in 0in 0in 0in;width:79.12%;" valign="top" width="79%"> <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Turner Titan Strategy</font></i> </p> </td> <td style="padding:0in 0in 0in 0in;width:3.26%;" valign="bottom" width="3%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:1.0pt;font-style:italic; font-family: Times New Roman;"> </font></i> </p> </td> <td style="padding:0in 0in 0in 0in;width:15.62%;" valign="bottom" width="15%"> <p align="right" style="margin:0in 0in .0001pt;text-align:right;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">20.0</font></i> </p> </td> <td style="padding:0in 0in 0in 0in;width:2.0%;" valign="bottom" width="2%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">%</font></i> </p> </td> </tr> <tr> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:79.12%; background-color: #CCEEFF;" valign="top" width="79%"> <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Turner Global Resources and Infrastructure Strategy</font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:3.26%; background-color: #CCEEFF;" valign="bottom" width="3%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:1.0pt;font-style:italic; font-family: Times New Roman;"> </font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:15.62%; background-color: #CCEEFF;" valign="bottom" width="15%"> <p align="right" style="margin:0in 0in .0001pt;text-align:right;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">20.0</font></i> </p> </td> <td style="background:#cceeff;padding:0in 0in 0in 0in;width:2.0%; background-color: #CCEEFF;" valign="bottom" width="2%"> <p style="margin:0in 0in .0001pt;"> <i><font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">%</font></i> </p> </td> </tr> </table> <br/><p style="margin:0in 0in .0001pt 27.0pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The Adviser may rebalance the investment portfolio at any other time.  These weightings can be changed in the Adviser’s discretion without notice to shareholders.</font> </p> <br/><p align="center" style="margin:0in 0in .0001pt;text-align:center;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE</font> </p>