Dynamic Duo: Reinvested International Dividends and Capital Appreciation
A basis point is one-hundredth of a percentage point.
Diversification does not guarantee a profit or protect against loss in declining markets.
A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy.
The foreign securities in which the Fund primarily invests generally pose greater risks than domestic securities, including grater price fluctuations and higher transaction costs. Foreign investments also may be affected by changes in currency rates or currency controls. With respect to certain foreign countries, there is a possibility of nationalization, expropriation or confiscatory taxation, imposition of withholding or other taxes, and political or social instability that could affect investments in those countries. These risks can be greater in the case of emerging country securities. A company’s dividend payments may vary over time, and there is no guarantee that a company will pay a dividend at all. The market may fail to recognize the intrinsic value of particular value or dividend-paying stocks the fund may hold. In addition to large company stocks, the Fund may invest in mid- and small-sized stocks, which tend to be more volatile and may be less able to weather economic shifts or other adverse developments. The Fund is subject to the risks associated with derivatives, which may be different from and greater than the risks associated with investing directly in securities and other investments.
These factors can affect Fund performance.
There is no guarantee that the Fund will perform in the same manner under similar conditions in the future.
The Fund’s portfolio is actively managed and may change significantly over time.
Dividends are not guaranteed and may be increased, decreased, or suspended altogether at the discretion of the issuing company.