The chart assumes that all dividends during a year are reinvested semi-annually. In addition, the portfolio's performance will vary from that of investing in the 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 indices 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 Target Small-Cap Portfolio seeks to provide capital appreciation by picking profitable and growing companies that are currently being recognized by the marketplace. Select only companies with positive three-year sales growth . Identify and purchase the remaining 40 companies with the greatest relative strength . Although the portfolio terminates in approximately one year, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available.