The Portfolios will generally hold, and may continue to buy, the same securities even though a security's outlook, rating, market value or yield may have changed. As with all investments, you may lose some or all of your investment in the Portfolios.
There are risks involved with investing in the Portfolios, including: ADRs and U.S.-listed foreign securities risk, small- and mid-cap company risk, sector-concentrated and limited diversification risk, foreign issuer risk, ETF holding risk, foreign security risk and more.
For a complete list of risks, read the Portfolio's prospectus carefully before investing. It contains the Portfolio's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing.