In addition, the portfolio's performance will vary from that of investing in The Dow SM Target 5 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 Dow SM Target 5 Portfolio is a five stock portfolio and is subject to added risk due to its relative lack of diversification. The strategy returns take into consideration annual sales charges, fees and expenses, but not taxes.
Past performance is no guarantee of future results.
The Dow SM Target 5 Portfolio seeks to outperform The DJIA SM by adhering to a simple investment strategy . The strategy dictates what to buy, when to buy, and when to sell. No emotional judgments are made and the strategy remains the same. If this strategy had been applied since 1972, investors would have realized a higher total return than by investing in the entire DJIA SM . It is important to note that the past performance of the strategy is hypothetical and it is not indicative of the future performance of The Dow SM Target 5 Portfolio.