Higher risk to principal. ARK International Equity Selection Portfolio Capital appreciation by investing in shares of other international equity mutual funds. Investing in a number of international equity funds in this way allows for a level of diversification not normally available to the individual investor, and is a way to reduce the risk of overall dependence on the U.S. market. International investing may involve additional risks due to changes in currency rates, foreign taxation, differences in auditing and other financial standards. An investment in a money market fund is not insured or guaranteed by the U.S. Government.
Dividends are free from federal income tax.
State and local income taxes may apply. May be subject to the Alternative Minimum Tax.