Risk Considerations

Risk factors you should consider before investing:

• The value of shares and income from them can go down as well as up, and you may lose some or all of your initial investment.
• If past results are shown, such figures are not predictive of future results.
• Risk factors that may influence the value of an investment in the Funds include, but are not limited to,
  1. increased risks of emerging markets,
  2. risk of decline in the price of equities and bonds in response to certain events directly affecting the companies whose securities are owned by the Fund as well as general economic conditions; overall market changes; political, social or economic instability; and currency fluctuations,
  3. interest rate risk as the market value of bonds generally vary inversely with the level of interest rates,
  4. credit risk as the creditworthiness of the Fund’s investment can impact the investment’s ability to meet its obligations, and
  5. derivatives risks.