· Market
risk: The value of the securities in which the fund invests may be affected by political,
regulatory, economic and social developments, and developments that impact specific economic sectors,
industries or segments of the market. In addition, turbulence in financial markets and reduced liquidity
in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely
affect the fund. Global economies and financial markets are becoming increasingly interconnected, and
conditions and events in one country, region or financial market may adversely impact issuers in a different
country, region or financial market. These risks may be magnified if certain events or developments
adversely interrupt the global supply chain; in these and other circumstances, such risks might affect
companies world-wide. Local, regional or global events such as war, military conflicts, acts of terrorism,
natural disasters, the spread of infectious illness or other public health issues, or other events could
have a significant impact on the fund and its investments.
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