The chart assumes that all dividends during a year are reinvested semi-annually for the strategy and monthly for the index. In addition, the portfolio's performance will vary from that of investing in the European Target 20 strategy stocks because it may not be invested equally in these stocks and may not be fully invested at all times. It is important to note that the strategy may underperform the MSCI Europe Index in certain years and may produce negative results. There may be tax consequences unless units are purchased in an IRA or other qualified plan. The strategy returns take into consideration annual sales charges, fees and expenses, but not taxes.
Past performance is no guarantee of future results.
The Disciplined Approach Because some international marketplaces offer the potential for above-average growth, many informed investors are realizing that at least a portion of their assets should be strategically invested overseas. The European Target 20 Portfolio allows investors to accomplish this by following a simple investment strategy . The companies included in the European Target 20 strategy are some of the most well-capitalized companies in Europe. The strategy dictates what to buy, when to buy, and when to sell. No emotional judgments are made and the strategy remains the same.