The portfolio characteristics presented here are subject to change and current holdings may differ. It should not be assumed that any of the holdings discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the holdings discussed herein.
Material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This does not constitute an offer or solicitation of any security or product, nor constitute a recommendation of the suitability of any investment strategy for a particular investor.
Total return assumes reinvestment of dividends and capital gains for the periods indicated. Past performance is no guarantee of future results.
1 Net performance has been calculated after the deduction of operating expenses applicable to the Fund and after the deduction of the standard investment management fee applicable to the Fund. However, since individual plan investment management fee schedules vary,an individual plan's net performance may be higher or lower than the standard net performance shown here. Net performance does not include any client service or administrative fees payable to third parties at the discretion of the plan sponsor.
2 Gross performance has been calculated before the deduction of investment management fees, but after the deduction of operating expenses applicable to the Funds.
The monthly adjusted returns are compounded and then annualized to compute the long-term results. Individual Plan performance may vary depending upon the timing of contributions and withdrawals. Investment return and principal value will fluctuate so that, when redeemed, an investor's shares may be worth more or less than when originally purchased.
