Company Press Release

BERWYN, Pa. - (Business Wire) The Turner Funds today is introducing its first 130/30 mutual fund, the Turner Core Growth 130/30 Fund, a no-load stock fund that uses a long/short technique designed to take advantage of both rising and falling stock prices.

Headquartered in Berwyn, Pennsylvania, and founded in 1990, Turner Investment Partners, Inc. serves as the investment adviser for the Turner Funds.

The Turner Core Growth 130/30 Fund is managed by Robert E. Turner, lead portfolio manager and chairman and chief investment officer of Turner Investment Partners, Inc. He is assisted by David J. Honold Jr., Vijay Shankaran, and Mark D. Turner, who serve as comanagers of the fund.

The Turner Core Growth 130/30 Fund invests primarily in companies with medium to large market capitalizations across all major market sectors. As with all of Turner’s growth funds, the investment process of this fund involves a synthesis of fundamental, technical, and quantitative analysis.

The new fund uses a disciplined long/short strategy that seeks to reduce market volatility and preserve capital. Typically, 100% of the fund’s capital is invested in long positions of companies that Turner believes have strong earnings growth potential and will appreciate in value over time, while 30% of the fund’s value is used to short stocks in companies with deteriorating fundamentals. The proceeds from the short sales are then used to purchase additional long stocks.

The Turner Core Growth 130/30 Fund typically holds 60 to 80 stocks in long positions and 25 to 35 stocks in short positions. The fund’s goal is to beat its performance benchmark, the Russell 1000 Growth Index.

The addition of this new offering increases the number of Turner Funds to 13. The Turner Funds are composed of 12 U.S. growth, core, value, and quantitative funds, as well as one international growth fund. The 13 funds have more than $3 billion in assets under management as of June 30, 2008.

The fund is available through two share classes, Investor Class and Institutional Class shares. The minimum initial investment in Investor Class shares is $2,500. The minimum initial investment for Institutional Class shares is $250,000.

Effective July 31, investors may invest in the Turner Core Growth 130/30 Fund directly through the Turner Funds, through Turner’s Distribution Team that does business with investment consultants and defined-contribution plan sponsors, and through financial intermediaries who have a relationship with the Turner Funds.

As with all investments, there are associated inherent risks. There is no assurance that the long/short strategy will be successful. Short sales potentially expose the fund to greater risks due to unanticipated market movements, which may magnify losses and increase the volatility of returns. There may be expenses associated with the fund.

The Turner Funds are distributed by SEI Investments Distribution Co., Oaks, Pennsylvania 19456. The investor should consider the investment objectives, risks, charges, and expenses carefully before investing. This and other information can be found in the prospectus. A free prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in these funds, can be obtained by calling 1.800.224.6312. Read the prospectus carefully before investing. Mutual-fund investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.