The annual figures have been adjusted to take into account the effect of currency exchange rate fluctuations against the U.S. dollar. In addition, the portfolio's performance will vary from that of investing in the Global Target 15 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 combined 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 Global Target 15 Portfolio seeks to outperform a combination of the Dow Jones Industrial Average, Hang Seng Index, and the Financial Times Industrial Ordinary Share Index 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. 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.