Morningstar Highlights

Size: px
Start display at page:

Download "Morningstar Highlights"

Transcription

1 Morningstar Highlights Second quarter Data as of June 30, 2015 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four- and five-star overall Morningstar ratings. Morningstar four- and five-star rated Invesco Funds Overall ratings based on load-waived Class as of June 30, 2015 US Value US Blend/Core US Growth Invesco American Value Fund Invesco Comstock Fund Invesco Equity and Income Fund Invesco Diversified Dividend Fund Invesco Growth and Income Fund Invesco Small Cap Value Fund 1 Invesco Equally Weighted S&P 500 Fund Invesco Small Cap Discovery Fund Invesco Small Cap Growth Fund 1 Tax-Free Fixed Income Global/International Alternative/Sector Invesco High Yield Municipal Fund 1 Invesco Intermediate Term Municipal Income Fund Invesco Limited Term Municipal Income Fund Invesco Municipal Income Fund Invesco New York Tax Free Income Fund Invesco Pennsylvania Tax Free Income Fund Invesco Asia Pacific Growth Fund Invesco Developing Markets Fund 1 Invesco European Growth Fund Invesco European Small Company Fund Invesco Global Growth Fund Invesco Global Small & Mid Cap Growth Fund Invesco International Growth Fund Invesco Floating Rate Fund Invesco Global Real Estate Fund Invesco Global Real Estate Income Fund Invesco Gold & Precious Metals Fund Invesco Real Estate Fund Balanced Invesco Balanced-Risk Allocation Fund Invesco Income Allocation Fund Invesco Premium Income Fund Taxable Fixed Income Invesco Convertible Securities Fund Invesco Core Plus Bond Fund 1 Invesco Developing Markets Fund, Invesco High Yield Municipal Fund, Invesco Small Cap Growth Fund and Invesco Small Cap Value Fund are in limited offering. For information on who may continue to invest, please see the prospectus for each fund. Source: Morningstar, Inc. The funds four- and five-star ratings are for load-waived Class Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Please see page 5 for important risk considerations.

2 Morningstar ratings for periods ended June 30, 2015 Ratings based on risk-adjusted returns Invesco American Value Fund vs. Morningstar Mid-Cap Value Category (load waived) Invesco Asia Pacific Growth Fund vs. Morningstar Pacific/Asia ex-japan Stock Category (load waived) Invesco Balanced-Risk Allocation Fund vs. Morningstar Tactical Allocation Category (load waived) Invesco Comstock Fund vs. Morningstar Large Value Category (load waived) Invesco Convertible Securities Fund vs. Morningstar Convertibles Category (load waived) Invesco Core Plus Bond Fund vs. Morningstar Intermediate-Term Bond Category (load waived) Invesco Developing Markets Fund vs. Morningstar Diversified Emerging Markets Category (load waived) Invesco Diversified Dividend Fund vs. Morningstar Large Value Category (load waived) Invesco Equally Weighted S&P 500 Fund vs. Morningstar Large Blend Category (load waived) Invesco Equity and Income Fund vs. Morningstar Moderate Allocation Category (load waived) Nasdaq symbol Overall 3 years 5 years 10 years MSAVX ASIAX ABRZX ACSTX CNSAX ACPSX GTDDX LCEAX VADAX ACEIX 429 H H H H H 549 H H 549 H H H H H H 1045 H 1225 H H H H 167 H H The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The overall rating includes effects of sales charges, loads and redemption fees, while the load waived rating does not. Load-waived rating should only be considered by investors who are not subject to a front-end sales charge. Load-waived A share star ratings are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Consult a current prospectus for information on reduced/waived sales charges and breakpoints Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund s monthly performance, placing more emphasis on the downward variations and rewarding consistent performance. With-load ratings include the effect of sales charges, loads and redemption fees. Load-waived ratings exclude sales charges, loads and redemption fees, and are only applicable to investors not subject to sales charges. A fund is eligible for a Morningstar Rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rates separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics. Past performance is no guarantee of future results. 2 Quarterly Morningstar Highlights

3 Morningstar ratings for periods ended June 30, 2015 Ratings based on risk-adjusted returns (continued) Invesco European Growth Fund vs. Morningstar Europe Stock Category (load waived) Invesco European Small Company Fund vs. Morningstar Europe Stock Category (load waived) Invesco Floating Rate Fund vs. Morningstar Bank Loan Category (load waived) Invesco Global Growth Fund vs. Morningstar World Stock Category (load waived) Invesco Global Real Estate Fund vs. Morningstar Global Real Estate Category (load waived) Invesco Global Real Estate Income Fund vs. Morningstar Global Real Estate Category (load waived) Invesco Global Small & Mid Cap Growth Fund vs. Morningstar World Stock Category (load waived) Invesco Gold & Precious Metals Fund vs. Morningstar Equity Precious Metals Category (load waived) Invesco Growth and Income Fund vs. Morningstar Large Value Category (load waived) Invesco High Yield Municipal Fund vs. Morningstar High Yield Muni Category (load waived) Invesco Income Allocation Fund vs. Morningstar Conservative Allocation Category (load waived) Invesco Intermediate Term Municipal Income Fund vs. Morningstar Muni National Interm Category (load waived) Nasdaq symbol Overall 3 years 5 years 10 years AEDAX ESMAX AFRAX AGGAX AGREX ASRAX AGAAX IGDAX ACGIX ACTHX ALAAX VKLMX H H 71 H H H H H H The funds shown may currently be experiencing negative performance. For the most recent month-end performance figures, please visit invesco.com/performance. Please note that it is possible for a four- or five-star fund to exhibit low or negative performance within a given period. 3 Quarterly Morningstar Highlights

4 Morningstar ratings for periods ended June 30, 2015 Ratings based on risk-adjusted returns (continued) Invesco International Growth Fund vs. Morningstar Foreign Large Growth Category (load waived) Invesco Limited Term Municipal Income Fund vs. Morningstar Muni National Short Category (load waived) Invesco Municipal Income Fund vs. Morningstar Muni National Long Category (load waived) Invesco New York Tax Free Income Fund vs. Morningstar Muni New York Long Category (load waived) Invesco Pennsylvania Tax Free Income Fund vs. Morningstar Muni Pennsylvania Category (load waived) Invesco Premium Income Fund vs. Morningstar Multisector Bond Category (load waived) Invesco Real Estate Fund vs. Morningstar Real Estate Category (load waived) Invesco Small Cap Discovery Fund vs. Morningstar Small Growth Category (load waived) Invesco Small Cap Growth Fund vs. Morningstar Small Growth Category (load waived) Invesco Small Cap Value Fund vs. Morningstar Small Value Category (load waived) Nasdaq symbol Overall 3 years 5 years 10 years AIIEX ATFAX VKMMX VNYAX VKMPX PIAFX IARAX VASCX GTSAX VSCAX 296 H H H H H H H 232 H H H H H H H 305 H 174 H H H 413 H H Quarterly Morningstar Highlights

5 About risk The market movements of stocks of small- and mid-cap companies may be more abrupt and volatile than the market movements of stocks of larger, more established companies or the stock market in general, and small-cap companies, in particular, are generally less liquid than stocks of larger companies. Large-cap companies, compared to small- and mid-cap companies, tend to have more diversified business models, lower costs of capital and lower price fluctuations. Value, blend and growth are types of investment styles. Growth investing generally seeks stocks that offer the potential for greater-thanaverage earnings growth, and may entail greater risk than value or blend investing. Value investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets. A blend investment combines the two styles. The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in financial reporting, differences in securities regulation and trading, and foreign taxation issues. Funds that emphasize investments in issuers in the countries of Europe or Asia will have performance expected to be closely tied to social, political and economic conditions within countries in those regions and to be more volatile than the performance of more geographically diversified funds. Income generated from an underlying fund is based primarily on prevailing interest rates, which can vary widely over the short- and long-term. If interest rates drop, your income may drop as well. Businesses in the energy sector may be adversely affected by foreign, federal or state regulations governing energy production, distribution and sale as well as supply-and-demand for energy resources. Short-term fluctuations in energy prices may cause price fluctuations in an energy fund s shares. Investments in real estate related instruments may be affected by economic, legal, cultural, environmental or technological factors that affect property values, rents or occupancies of real estate. Real estate companies, including REITs or similar structures, tend to be small and mid-cap companies and their shares may be more volatile and less liquid. Fluctuations in the price of gold and precious metals may affect the profitability of companies in the gold and precious metals sector. Changes in the political or economic conditions of countries where companies in the gold and precious metals sector are located may have a direct effect on the price of gold and precious metals. Fixed income products are subject to risk, including credit risk of the issuer and the effects of changing interest rates. Market prices of fixed-income securities with intermediate lives generally fluctuate more in response to changes in interest rates than do market prices of municipal securities with shorter lives but generally fluctuate less than market prices of municipal securities with longer lives. If interest rates fall, it is possible that issuers of debt securities with high interest rates will prepay or call their securities before their maturity dates. In this event, the proceeds from the called securities would likely be reinvested by the fund in securities bearing the new, lower interest rates, resulting in a possible decline in the fund s income and distributions to shareholders Junk bonds involve a greater risk of default or price changes due to changes in the credit quality of the issuer. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer s ability to make payments of principal and/or interest. Investments in convertible securities are subject to the risks associated with both fixed-income securities, including credit risk and interest rate risk, and common stocks. Convertible securities may have lower yields because they offer the opportunity to be converted into stock and if the stock is underperforming and the bond does not convert then the bond may have a lower return than a non-convertible bond. The performance of derivative instruments is tied to the performance of an underlying currency, security, index, commodity or other asset. In addition to risks relating to their underlying assets, the use of derivatives may include other, possibly greater, risks. Derivatives involve costs, may be volatile, and may involve a small initial investment relative to the risk assumed. Risks associated with the use of derivatives may include counterparty, margin, leverage, correlation, liquidity, tax, market, interest rate and management risks, as well as the risk of potential increased regulation of derivatives. Derivatives may also be more difficult to purchase, sell or value than other investments. The fund may lose more than the cash amount invested on investments in derivatives. Each of these risks is greater for the fund than mutual funds that do not use derivatives to implement their investment strategy. Each fund is subject to certain unique risks. Please review each fund s current prospectus for more detailed information regarding the specific risks associated with an investment in each fund. 5 Quarterly Morningstar Highlights

6 Explore Intentional Investing with Invesco At Invesco, all of our people and all of our resources are dedicated to helping investors achieve their financial objectives. It s a philosophy of investment excellence we call Intentional Investing, and it guides the way we: Manage investments Provide choices Connect with our clients Our dedicated investment professionals search the world for the best opportunities, and each investment team follows a clear, disciplined process to build portfolios and mitigate risk. We manage investment strategies across all major asset classes and deliver them through a variety of vehicles. Our wide range of choices allows you to create a portfolio that s purpose-built for your needs. We re committed to giving you the expert insights you need to make informed investing decisions, and we are well-equipped to provide high-quality support for investors and advisors. Contact us For more information, call your financial advisor or contact Invesco at from 7 a.m. to 6 p.m. Central time on weekdays. You can also visit us at invesco.com/us. Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus. Note: Not all products, materials or services available at all firms. Advisors, please contact your home office. invesco.com/us MSTAR-BRO-1 07/15 Invesco Distributors, Inc. US7932

Morningstar Highlights

Morningstar Highlights Morningstar Highlights Third quarter Data as of September 30, 2015 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four-

More information

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX NAVIGATING A CHANGING INTEREST RATE ENVIRONMENT Rise to the challenge

More information

Deutsche Floating Rate Fund

Deutsche Floating Rate Fund Taxable Fixed-Income 2 nd quarter 2014 Deutsche Floating Rate Fund Access a world of opportunities through the global resources of Deutsche Bank Canada United States Netherlands Belgium United Kingdom

More information

WHEATON COLLEGE RETIREMENT PLAN QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE

WHEATON COLLEGE RETIREMENT PLAN QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE WHEATON COLLEGE RETIREMENT PLAN QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE FY 2016 PLAN YEAR The Wheaton College Retirement Plan (the "Plan") permits each Participant to direct how money in her/his

More information

Please read this important information for Yale University Matching Retirement Plan participants

Please read this important information for Yale University Matching Retirement Plan participants Please read this important information for Yale University Matching Retirement Plan participants This notice gives you important information about the default investment funds selected for the Matching

More information

FI360 TOOLKIT. fi360 Fiduciary Score methodology Updated August 13, 2014. Table of Contents

FI360 TOOLKIT. fi360 Fiduciary Score methodology Updated August 13, 2014. Table of Contents FI360 TOOLKIT fi360 Fiduciary Score methodology Updated August 13, 2014 Table of Contents 2 2 3 3 4 5 7 8 What is the fi360 Fiduciary Score? Calculating the fi360 Fiduciary Score Calculation timeline Calculating

More information

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016. NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated

More information

Important Information about Closed-End Funds and Unit Investment Trusts

Important Information about Closed-End Funds and Unit Investment Trusts Robert W. Baird & Co. Incorporated Important Information about Closed-End Funds and Unit Investment Trusts Baird has prepared this document to help you understand the characteristics and risks associated

More information

Pioneer Funds. Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: May 1, 2015

Pioneer Funds. Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: May 1, 2015 Pioneer Funds May 1, 2015 Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: Fund Pioneer Absolute Return Bond Fund Pioneer AMT-Free Municipal Fund Pioneer

More information

Changes to the OklahomaDream 529 Plan

Changes to the OklahomaDream 529 Plan Supplement dated December 31, 2015 to Oklahoma Dream Advisor Sold 529 Program Plan Disclosure Statement for Investors Using a Financial Advisor (Classes A and C) Dated November 3, 2014 This Supplement

More information

2015 Final capital gains distributions as of 1/6/2016

2015 Final capital gains distributions as of 1/6/2016 2015 Final capital gains distributions as of 1/6/2016 The following pages list final capital gain payments for the Deutsche funds, payable to shareholders as of the dates indicated. With the final capital

More information

Prospectus Socially Responsible Funds

Prospectus Socially Responsible Funds Prospectus Socially Responsible Funds Calvert Social Investment Fund (CSIF) Balanced Portfolio Equity Portfolio Enhanced Equity Portfolio Bond Portfolio Money Market Portfolio Calvert Social Index Fund

More information

Taxable Fixed Income. Invesco Floating Rate Fund (AFRAX)

Taxable Fixed Income. Invesco Floating Rate Fund (AFRAX) Taxable Fixed Income Invesco Floating Rate Fund (AFRAX) Senior Secured Loans A unique asset class Floating rate funds, also called senior loan funds, invest in senior secured loans. The loans have very

More information

Summary Prospectus Supplement dated January 12, 2016. Invesco Equity and Income Fund

Summary Prospectus Supplement dated January 12, 2016. Invesco Equity and Income Fund VK-EQI SUM SUP-1 011216 Summary Prospectus Supplement dated January 12, 2016 The purpose of this mailing is to provide you with changes to the current Summary Prospectuses for A, B, C, R, Y, R5 and R6

More information

Security Life of Denver Insurance Company

Security Life of Denver Insurance Company P E R F O R M A N C E U P D A T E Security Life of Denver Insurance Company Asset Portfolio Manager VUL Average Annual Total Returns as of: 05/31/2013 (shown in percentages) The following variable investment

More information

Municipal Bond Investing

Municipal Bond Investing Municipal Bond Investing A closer look at tax-exempt debt Intermediate Term AMT-Free National State Specific Contents 1 Municipal Bonds 101 Investing in America Through Municipal Bonds 2 Tax Advantages

More information

Security Life of Denver Insurance Company

Security Life of Denver Insurance Company P E R F O R M A N C E U P D A T E Security Life of Denver Insurance Company Voya Variable Universal Life-ECV Average Annual Total Returns as of: 11/30/2015 (shown in percentages) Mutual funds offered through

More information

Why Going International is a Big Idea for Small-Cap Investing

Why Going International is a Big Idea for Small-Cap Investing AllianzGI International Small-Cap Fund Why Going International is a Big Idea for Small-Cap Investing Investment Solutions Second Quarter 2015 AllianzGI International Small-Cap Fund symbols: A shares: AOPAX

More information

Target Retirement Funds

Target Retirement Funds Prospectus March 1, 2015 Target Retirement Funds Institutional Class Administrative Class Investor Class Harbor Target Retirement Income Fund HARAX HARBX HARCX Harbor Target Retirement 2015 Fund HARGX

More information

Insurance Dedicated Funds: Variable Insurance Trusts

Insurance Dedicated Funds: Variable Insurance Trusts At a Glance September 2015 Insurance Dedicated Funds: Variable Insurance Trusts Our goal at GSAM is to meet the financial goals of investors worldwide, now and in the future, with innovative investment

More information

Diversified Managed Allocations

Diversified Managed Allocations Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to

More information

What Are Some Important Keys to an Effective Retirement Plan?

What Are Some Important Keys to an Effective Retirement Plan? What Are Some Important Keys to an Effective Retirement Plan? For financial advisor use only. Not for public distribution. The Power of Investment Expertise With more than 75 years of experience in the

More information

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal P E R F O R M A N C E U P D A T E MISSISSIPPI ORP Average Annual Total Returns as of: 01/31/2016 (shown in percentages) Mutual funds offered through a retirement plan are investments designed for retirement

More information

Retirement Balanced Fund

Retirement Balanced Fund SUMMARY PROSPECTUS TRRIX October 1, 2015 T. Rowe Price Retirement Balanced Fund A fund designed for retired investors seeking capital growth and income through investments in a combination of T. Rowe Price

More information

T. Rowe Price Target Retirement 2030 Fund Advisor Class

T. Rowe Price Target Retirement 2030 Fund Advisor Class T. Rowe Price Target Retirement 2030 Fund Advisor Class Supplement to Summary Prospectus Dated October 1, 2015 Effective February 1, 2016, the T. Rowe Price Mid-Cap Index Fund and the T. Rowe Price Small-Cap

More information

With interest rates at historically low levels, and the U.S. economy showing continued strength,

With interest rates at historically low levels, and the U.S. economy showing continued strength, Managing Interest Rate Risk in Your Bond Holdings THE RIGHT STRATEGY MAY HELP FIXED INCOME PORTFOLIOS DURING PERIODS OF RISING INTEREST RATES. With interest rates at historically low levels, and the U.S.

More information

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 Investment Adviser: RidgeWorth Investments A Shares C Shares I Shares Aggressive Growth Allocation Strategy SLAAX CLVLX CVMGX Conservative

More information

Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5.

Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5. Stable Value Option The Stable Value Option seeks to provide a low-risk stable investment, offering competitive yields and limited volatility, with guarantee of principal and accumulated interest. Until

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company SEPTA DEFERRED COMPENSATION Separate Account D, Group Annuity Contract Average Annual Total Returns as of: 01/31/2016 (shown

More information

RISK ASSESSMENT QUESTIONNAIRE

RISK ASSESSMENT QUESTIONNAIRE Time Horizon 6/14 Your current situation and future income needs. 1. What is your current age? 2. When do you expect to start drawing income? A Less than 45 A Not for at least 20 years B 45 to 55 B In

More information

Putnam Municipal Bond Funds

Putnam Municipal Bond Funds Q2 2015 Putnam Municipal Bond Funds A tax-smart approach to investing putnam.com Municipal bonds offer a source of tax-free income with a low historical level of risk. Putnam's municipal bond team has

More information

SUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX

SUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX TCW High Yield Bond Fund I SHARE: TGHYX N SHARE: TGHNX 20 6 FEBRUARY 29 SUMMARY PROSPECTUS Before you invest, you may want to review the Fund s Prospectus which contain more information about the Fund

More information

Invesco Equity and Income Fund

Invesco Equity and Income Fund Prospectus December 20, 2013 Class: A (ACEIX), B (ACEQX), C (ACERX), R (ACESX), Y (ACETX) Invesco Equity and Income Fund Go Paperless with edelivery Visit invesco.com/edelivery Prospectus December 20,

More information

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional

More information

An Attractive Income Option for a Strategic Allocation

An Attractive Income Option for a Strategic Allocation An Attractive Income Option for a Strategic Allocation Voya Senior Loans Suite A strategic allocation provides potential for high and relatively steady income through most credit and rate cycles Improves

More information

An Overview of the US Closed-End Fund Market. By Paul Mazzilli

An Overview of the US Closed-End Fund Market. By Paul Mazzilli An Overview of the US Closed-End Fund Market By Paul Mazzilli Introduction Closed-end funds (CEFs) are professionally managed investment companies that offer investors various unique benefits. They offer

More information

Understanding mutual fund share classes, fees and certain risk considerations

Understanding mutual fund share classes, fees and certain risk considerations Disclosure Understanding mutual fund share classes, fees and certain risk considerations Highlights Mutual funds may offer different share classes most commonly in retail brokerage accounts, Class A, B

More information

Principal Funds, Inc. R-1 Class R-2 Class R-3 Class R-4 Class R-5 Class Prospectus

Principal Funds, Inc. R-1 Class R-2 Class R-3 Class R-4 Class R-5 Class Prospectus Principal Funds, Inc. R-1 Class R-2 Class R-3 Class R-4 Class R-5 Class Prospectus March 1, 2011 PRINCIPAL FUNDS, INC. R-1 CLASS SHARES R-3 CLASS SHARES R-5 CLASS SHARES R-2 CLASS SHARES R-4 CLASS SHARES

More information

FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS.

FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS. FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS December 31, 2014 Investment Adviser: MATSON MONEY, INC. 5955 Deerfield

More information

Financial Wellness & Education. Understanding mutual funds

Financial Wellness & Education. Understanding mutual funds Financial Wellness & Education Understanding mutual funds Benefits of mutual funds Foresters Financial Services provides everyday families and individuals with financial solutions, guidance and tools,

More information

Nuveen Tactical Market Opportunities Fund

Nuveen Tactical Market Opportunities Fund Nuveen Tactical Market Opportunities Fund Summary Prospectus January 29, 2016 Ticker: Class A NTMAX, Class C NTMCX, Class I FGTYX This summary prospectus is designed to provide investors with key Fund

More information

Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale)

Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Summary Prospectus October 30, 2015 Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Before you invest, you may want to review the Fund s Prospectus, which

More information

(expenses that you pay each year as a percentage of the value of your investment)

(expenses that you pay each year as a percentage of the value of your investment) July 31, 2015 SUMMARY PROSPECTUS SAAT Core Market Strategy Allocation Fund (SKTAX) Class A Before you invest, you may want to review the Fund s prospectus, which contains information about the Fund and

More information

TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP. Supplement to the Currently Effective Prospectus and Summary Prospectus

TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP. Supplement to the Currently Effective Prospectus and Summary Prospectus TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP Supplement to the Currently Effective Prospectus and Summary Prospectus * * * The following replaces in their entirety the

More information

LVIP Dimensional Non-U.S. Equity RPM Fund. Summary Prospectus April 30, 2013

LVIP Dimensional Non-U.S. Equity RPM Fund. Summary Prospectus April 30, 2013 LVIP Dimensional Non-U.S. Equity RPM Fund (formerly LVIP Dimensional Non-U.S. Equity Fund) (Standard and Service Class) Summary Prospectus April 30, 2013 Before you invest, you may want to review the Fund

More information

Scheduled Distribution Dates for All Goldman Sachs Funds (excluding Money Markets)

Scheduled Distribution Dates for All Goldman Sachs Funds (excluding Money Markets) Scheduled Distribution Dates for All Goldman Sachs Funds (excluding Money Markets) Fixed Income Funds Net Investment Income Capital Gains Goldman Sachs Bond Fund Note 1 Note 2 Goldman Sachs Core Fixed

More information

John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus

John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus John Hancock Retirement Living 2010-2050 Portfolios John Hancock Retirement Choices 2010-2050 Portfolios John

More information

Automated Telephone System

Automated Telephone System Automated Telephone System Around-the-Clock Fund and Account Information Welcome to Franklin Templeton Investments automated telephone system for shareholders. 24-HOUR AUTOMATED TELEPHONE SYSTEM Shareholder

More information

INVESTING MADE SIMPLE

INVESTING MADE SIMPLE Investing Fundamentals INVESTING MADE SIMPLE AN EDUCATIONAL GUIDE FOR EVERY INVESTOR. INVEST WITH CONFIDENCE. HuntingtonFunds.com 1 1 Your Guide to the Basics of Investing Through Mutual Funds Mutual funds

More information

BOND FUNDS L SHARES. October 1, 2004

BOND FUNDS L SHARES. October 1, 2004 BOND FUNDS A SHARES L SHARES October 1, 2004 CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITIES SUPER SHORT INCOME PLUS FUND FLORIDA TAX-EXEMPT BOND FUND GEORGIA TAX-EXEMPT BOND FUND HIGH INCOME FUND INVESTMENT

More information

PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1

PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1 PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1 The unit investment trusts named above (the Portfolios

More information

JPMORGAN VALUE OPPORTUNITIES FUND, INC. JPMORGAN TRUST II JPMorgan Large Cap Value Fund (All Share Classes)

JPMORGAN VALUE OPPORTUNITIES FUND, INC. JPMORGAN TRUST II JPMorgan Large Cap Value Fund (All Share Classes) JPMORGAN VALUE OPPORTUNITIES FUND, INC. JPMORGAN TRUST II JPMorgan Large Cap Value Fund (All Share Classes) Supplement dated October 15, 2013 to the Summary Prospectuses dated November 1, 2012, as supplemented

More information

Nuveen Real Estate Securities Fund

Nuveen Real Estate Securities Fund Nuveen Real Estate Securities Fund Summary Prospectus April 30, 2015 Ticker: Class A FREAX, Class C FRLCX, Class R3 FRSSX, Class R6 FREGX, Class I FARCX This summary prospectus is designed to provide investors

More information

Putnam Convertible Securities Fund

Putnam Convertible Securities Fund FUND SYMBOLS CLASS A CLASS B CLASS C CLASS M CLASS R CLASS Y PCONX PCNBX PRCCX PCNMX PCVRX PCGYX Putnam Convertible Securities Fund Summary prospectus 2 28 15 Putnam Convertible Securities Fund Before

More information

The Bright Start College Savings Program Direct-Sold Plan. Supplement dated January 30, 2015 to Program Disclosure Statement dated November 12, 2012

The Bright Start College Savings Program Direct-Sold Plan. Supplement dated January 30, 2015 to Program Disclosure Statement dated November 12, 2012 The Bright Start College Savings Program Direct-Sold Plan Supplement dated January 30, 2015 to Program Disclosure Statement dated November 12, 2012 This supplement amends the Program Disclosure Statement

More information

Average Annualized Return as of 11/30/2015 1. YTD 1 Year 3 Years 5 Years

Average Annualized Return as of 11/30/2015 1. YTD 1 Year 3 Years 5 Years Investment Options at a glance Current performance may be lower or higher than performance data shown. Performance data quoted represents past performance and is not a guarantee or prediction of future

More information

STEWARD FUNDS MANAGING WEALTH, PROTECTING VALUES SOCIALLY RESPONSIBLE SCREENED FUNDS. PROSPECTUS August 28, 2015

STEWARD FUNDS MANAGING WEALTH, PROTECTING VALUES SOCIALLY RESPONSIBLE SCREENED FUNDS. PROSPECTUS August 28, 2015 STEWARD FUNDS MANAGING WEALTH, PROTECTING VALUES SOCIALLY RESPONSIBLE SCREENED FUNDS Steward Large Cap Enhanced Index Fund Individual Class SEEKX Institutional Class SEECX Steward Small-Mid Cap Enhanced

More information

Guggenheim Variable Insurance Funds Prospectus

Guggenheim Variable Insurance Funds Prospectus 5.1.2016 Guggenheim Variable Insurance Funds Prospectus Rydex Domestic Equity - Rydex Sector Funds Rydex Specialty Funds Broad Market Funds Banking Commodities Strategy Dow 2x Strategy* Basic Materials

More information

Waddell & Reed Advisors Select Plus Annuity SM Invest in your future

Waddell & Reed Advisors Select Plus Annuity SM Invest in your future Investment choices performance report January 31, 2016 Waddell & Reed Advisors Select Plus Annuity SM Invest in your future Answers to frequently asked questions. What you should know about purchasing

More information

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES:

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES: SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES: DWS Blue Chip Fund DWS California Tax-Free Income Fund DWS Capital Growth Fund DWS Core Fixed Income Fund DWS Core Plus Income Fund DWS Disciplined Long/Short

More information

YOUR GUIDE TO GETTING STARTED

YOUR GUIDE TO GETTING STARTED George Mason University Cash Match Plan (#72170) Invest in your retirement and yourself today, with help from The George Mason 401(a) Match Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some

More information

Fixed-income opportunity: Short duration high yield

Fixed-income opportunity: Short duration high yield March 2014 Insights from: An income solution for a low or rising interest-rate environment Generating income is a key objective for many investors, and one that is increasingly difficult to achieve in

More information

May 1, 2015 as amended June 1, 2015

May 1, 2015 as amended June 1, 2015 INSTITUTIONAL INVESTOR May 1, 2015 as amended June 1, 2015 DATE TARGET FUNDS MyDestination 2005 Fund MyDestination 2015 Fund MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination

More information

City National Rochdale High Yield Bond Fund a series of City National Rochdale Funds

City National Rochdale High Yield Bond Fund a series of City National Rochdale Funds City National Rochdale High Yield Bond Fund a series of City National Rochdale Funds SUMMARY PROSPECTUS DATED JANUARY 31, 2015, AS SUPPLEMENTED MAY 1, 2015 Class: Institutional Class Servicing Class Class

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company OPPORTUNITY PLUS Variable Annuity Account C, Non-Standardized Returns without a Deferred Sales Charge Average Annual Total

More information

Nuveen NWQ Global Equity Income Fund

Nuveen NWQ Global Equity Income Fund Nuveen NWQ Global Equity Income Fund Summary Prospectus October 30, 2015, as supplemented June 1, 2016 Ticker: Class A NQGAX, Class C NQGCX, Class I NQGIX This summary prospectus is designed to provide

More information

How To Invest In American Funds Insurance Series Portfolio Series

How To Invest In American Funds Insurance Series Portfolio Series American Funds Insurance Series Portfolio Series Prospectus May 1, 2015 Class 4 shares American Funds Global Growth Portfolio American Funds Growth and Income Portfolio Class P2 shares American Funds Managed

More information

INVESTMENT TERM GLOSSARY

INVESTMENT TERM GLOSSARY A Accrued Interest - Interest that has been earned but not yet credited to a bond or other fixed-income investment, such as a certificate of deposit. Active Management The use of professional investment

More information

Each Reorganization identified above is subject to certain conditions, including approval by shareholders of the applicable Target Fund.

Each Reorganization identified above is subject to certain conditions, including approval by shareholders of the applicable Target Fund. Filed pursuant to Rule 497(e) File Nos. 033-19228 and 811-05443 CALAMOS INVESTMENT TRUST Supplement dated July 1, 2016 to the CALAMOS FAMILY OF FUNDS Summary Prospectuses for Class A, B and C and Class

More information

Guide to mutual fund investing. Start with the basics

Guide to mutual fund investing. Start with the basics Guide to mutual fund investing Start with the basics Pursue your financial goals Why do you invest? For a rainy day? A secure retirement? Funding a college tuition? Having a specific goal in mind will

More information

EQUI-VEST. Series 100/200 Variable Annuities

EQUI-VEST. Series 100/200 Variable Annuities EQUIVEST Annualized Rates of Return as of 03/31/2013, Annualized Monthly Rates of Return For the Period Ending 03/31/2013 net of annual administrative charge and the maximum applicable withdrawal charge

More information

A Guide To DEFINED FOCUSED DISCIPLINED

A Guide To DEFINED FOCUSED DISCIPLINED A Guide To F I R S T T R U S T U N I T I N V E S T M E N T T R U S T S DEFINED FOCUSED DISCIPLINED W H A T I S A U N I T I N V E S T M E N T T R U S T? U I T F E A T U R E S A unit investment trust or

More information

Federated New York Municipal Income Fund

Federated New York Municipal Income Fund Summary Prospectus October 31, 2015 Share Class A B Ticker NYIFX NYIBX Federated New York Municipal Income Fund A Portfolio of Federated Municipal Securities Income Trust Before you invest, you may want

More information

Global Markets Insights

Global Markets Insights Global Markets Insights Inefficiencies and opportunities in today s fixed-income markets Agenda Today s fixed-income asset-allocation challenge 1 Volatility expectations 2 Correlation expectations 3 Return

More information

Janus Investment Fund

Janus Investment Fund October 26, 2012 Class A Shares Ticker Class C Shares Ticker Class S Shares Ticker Class I Shares Ticker Class N Shares Ticker Class R Shares Ticker Class T Shares Ticker Fixed Income Janus Flexible Bond

More information

Interest Rates and Inflation: How They Might Affect Managed Futures

Interest Rates and Inflation: How They Might Affect Managed Futures Faced with the prospect of potential declines in both bonds and equities, an allocation to managed futures may serve as an appealing diversifier to traditional strategies. HIGHLIGHTS Managed Futures have

More information

JOHNS HOPKINS UNIVERSITY INVESTMENT OPTIONS

JOHNS HOPKINS UNIVERSITY INVESTMENT OPTIONS JOHNS HOPKINS UNIVERSITY INVESTMENT OPTIONS P E R F O R M A N C E U P D A T E AS OF DECEMBER 31, 2009 UNDERSTANDING INVESTMENT PERFORMANCE As you review this update, please remember that the performance

More information

Morgan Stanley Institutional Fund Trust

Morgan Stanley Institutional Fund Trust INVESTMENT MANAGEMENT Morgan Stanley Institutional Fund Trust U.S. Equity Portfolios U.S. Mid Cap Value Portfolio U.S. Small Cap Value Portfolio Value Portfolio Prospectus Share Class and Ticker Symbol

More information

SUMMARY PROSPECTUS CALVERT GLOBAL ENERGY SOLUTIONS FUND INVESTMENT OBJECTIVE FEES AND EXPENSES OF THE FUND. Example. Portfolio Turnover

SUMMARY PROSPECTUS CALVERT GLOBAL ENERGY SOLUTIONS FUND INVESTMENT OBJECTIVE FEES AND EXPENSES OF THE FUND. Example. Portfolio Turnover SUMMARY PROSPECTUS February 1, 2016 CALVERT GLOBAL ENERGY SOLUTIONS FUND Class (Ticker): A (CGAEX) C (CGACX) Link to Prospectus (Table of Contents) Y (CGAYX) Link to Statement of Additional Information

More information

The Pinnacle Funds. Simplified Prospectus. December 11, 2009 Class A and Class F units and Class I units where noted. Money Market Fund.

The Pinnacle Funds. Simplified Prospectus. December 11, 2009 Class A and Class F units and Class I units where noted. Money Market Fund. The Pinnacle Funds Simplified Prospectus December 11, 2009 Class A and Class F units and Class I units where noted Money Market Fund Pinnacle Short Term Income Fund Bond Funds Pinnacle Income Fund Pinnacle

More information

Investment options insights A look at Investment Choices for VUL III Variable Universal Life Insurance

Investment options insights A look at Investment Choices for VUL III Variable Universal Life Insurance An Educational Guide for Consumers Investment options insights A look at Investment Choices for VUL III Variable Universal Life Insurance Investment Strategies This brochure must be preceded or accompanied

More information

Morningstar Manager Benchmarks

Morningstar Manager Benchmarks Morningstar Manager Benchmarks (for portfolios available for sale in the United States) Morningstar Methodology Paper October 2010 2010 Morningstar, Inc. All rights reserved. The information in this document

More information

LONG-TERM INVESTMENT PERFORMANCE

LONG-TERM INVESTMENT PERFORMANCE LONG-TERM INVESTMENT PERFORMANCE Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011 Used with permission. TYPES OF ASSET CLASSES Stocks

More information

Seix Total Return Bond Fund

Seix Total Return Bond Fund Summary Prospectus Seix Total Return Bond Fund AUGUST 1, 2015 (AS REVISED FEBRUARY 1, 2016) Class / Ticker Symbol A / CBPSX R / SCBLX I / SAMFX IS / SAMZX Before you invest, you may want to review the

More information

Rules-Based Investing

Rules-Based Investing Rules-Based Investing Disciplined Approaches to Providing Income and Capital Appreciation Potential Focused Dividend Strategy International Dividend Strategic Value Portfolio (A: FDSAX) Strategy Fund (A:

More information

Voya Retirement Insurance and Annuity Company

Voya Retirement Insurance and Annuity Company P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company STATE OF NEVADA DEFERRED COMP Separate Account D, Group Annuity Contract Average Annual Returns as of: 05/31/2016 (shown

More information

EQUI-VEST. Series 300/400 Variable Annuities

EQUI-VEST. Series 300/400 Variable Annuities EQUIVEST Annualized Rates of Return as of 07/31/2015, Annualized Monthly Rates of Return For the Period Ending 07/31/2015 net of annual administrative charge and the maximum applicable withdrawal charge

More information

Supplement dated November 20, 2015 to the Summary Prospectus

Supplement dated November 20, 2015 to the Summary Prospectus Oppenheimer Capital Appreciation Oppenheimer Capital Income Oppenheimer Commodity Strategy Total Return Oppenheimer Corporate Bond Oppenheimer Developing Markets Oppenheimer Discovery Oppenheimer Discovery

More information

UBS RMA Money Market Portfolio U.S. Government Portfolio Tax-Free Fund California Municipal Money Fund New York Municipal Money Fund

UBS RMA Money Market Portfolio U.S. Government Portfolio Tax-Free Fund California Municipal Money Fund New York Municipal Money Fund Money Market Funds Prospectus UBS RMA Money Market Portfolio U.S. Government Portfolio Tax-Free Fund California Municipal Money Fund New York Municipal Money Fund Prospectus August 28, 2015 Ticker symbols:

More information

The following replaces similar text in the Investing With Vanguard section:

The following replaces similar text in the Investing With Vanguard section: Vanguard Funds Supplement to the Prospectus Prospectus Text Changes The following replaces similar text for the second bullet point under the heading Frequent Trading or Market-Timing in the More on the

More information

MainStay Investments FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.

MainStay Investments FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC. MainStay Investments NYLIM-24809 461946 MS31cc-05/12 MainStay Investments MainStay Investments, an indirect subsidiary of New York Life Insurance Company, offers investment advisory products and services

More information

Evergreen INSTITUTIONAL MONEY MARKET FUNDS. Prospectus July 1, 2009

Evergreen INSTITUTIONAL MONEY MARKET FUNDS. Prospectus July 1, 2009 Evergreen INSTITUTIONAL MONEY MARKET FUNDS Prospectus July 1, 2009 Evergreen Institutional 100% Treasury Money Market Fund Evergreen Institutional Money Market Fund Evergreen Institutional Municipal Money

More information

EP Asia Small Companies Fund EP Latin America Fund EP China Fund Each a series of Investment Managers Series Trust

EP Asia Small Companies Fund EP Latin America Fund EP China Fund Each a series of Investment Managers Series Trust EP Asia Small Companies Fund EP Latin America Fund EP China Fund Each a series of Investment Managers Series Trust Supplement dated June 30, 2015, to the Summary Prospectus dated March 5, 2015, and the

More information

Leader Short-Term Bond Fund. Leader Total Return Fund

Leader Short-Term Bond Fund. Leader Total Return Fund Leader Short-Term Bond Fund Institutional Shares: Investor Shares: Class A Shares: Class C Shares: LCCIX LCCMX LCAMX LCMCX Leader Total Return Fund Institutional Shares: Investor Shares: Class A Shares:

More information

Spectrum of Investment Options

Spectrum of Investment Options Kentucky Deferred Comp Spectrum of Investment Options Your guide to available investment options. Tier 1 Target Date Funds, Balanced Fund Target Date Funds Vanguard Target Retirement Funds (in five-year

More information

J.P. MORGAN SPECIALTY FUNDS. JPMorgan U.S. Real Estate Fund (All Share Classes) (a series of JPMorgan Trust II)

J.P. MORGAN SPECIALTY FUNDS. JPMorgan U.S. Real Estate Fund (All Share Classes) (a series of JPMorgan Trust II) J.P. MORGAN SPECIALTY FUNDS JPMorgan U.S. Real Estate Fund (All Share Classes) (a series of JPMorgan Trust II) Supplement dated November 12, 2013 to the Prospectus and Summary Prospectus dated May 1, 2013,

More information

Deutsche Alternative Asset Allocation VIP

Deutsche Alternative Asset Allocation VIP Alternative Deutsche Alternative Asset Allocation VIP All-in-one exposure to alternative asset classes : a key piece in asset allocation Building a portfolio of stocks, bonds and cash has long been recognized

More information

Deutsche Global Infrastructure Fund (TOLLX)

Deutsche Global Infrastructure Fund (TOLLX) Global Infrastructure Fund (TOLLX) A step beyond MLPs Important risk information Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests

More information