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- Equity Securities Risk:
- Equity securities are volatile and can decline significantly in response to broad market and economic conditions.
- Value Investing Risk:
- Value investing carries the risk that a security can continue to be undervalued by the market for long periods of time.
- Concentration Risk:
- Concentrated investments in a particular industry may be more vulnerable to adverse changes in that industry or the market as a whole.
- Foreign Securities Risk:
- Foreign securities may involve heightened risk due to currency fluctuations. Additionally, they may be subject to greater political, economic, environmental, credit, and information risks. Foreign securities may be subject to higher volatility than US securities, due to varying degrees of regulation and limited liquidity.
- 3 -Month LIBOR:
- 3-Month LIBOR, or the London InterBank Offered Rate, represents the average rate at which a leading bank, for a given currency (in this case, U.S. dollars), can obtain unsecured funding, and is representative of short-term interest rates. You may not invest directly in an index.
Before investing, consider the fund's investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus containing this and other information. Read it carefully.
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