Investment Objective

The Fund’s primary investment objective is to seek capital appreciation with secondary objective of high current income.

Risk Considerations

Foreign securities are more volatile, harder to price and less liquid than U.S. securities. They are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.

Futures and other derivatives are speculative and may hurt the Fund’s performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the future/derivative is linked changes in unexpected ways.

The use of leverage will also increase market exposure and magnify risk.

Dividends are not guaranteed and a company’s future ability to pay dividends may be limited.