Opinions expressed are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. Please click here for fund holdings. Fund holdings and sector allocations are subject to change and are not recommendations to buy or sell any security. References to other funds should not be interpreted as an offer of these securities. While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details. Cash flow is a measure of financial performance calculated as operating cash flow minus capital expenditures.
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Investments in foreign securities involve greater volatility
and political, economic and currency risks and differences in accounting
methods. These risks are greater for investments in emerging markets.
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